[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread

[romerun]

last call

[1714949179]

1714949179

[1714949179]

1714949179

[PhantomPhreak]

I placed this order,

Code:

|        0.01        |    BTC     |     10.0     |    XCP    |           0.0010          |    BTC/XCP     | 0.0001 |     2     | 7bc8abe4...0e279496 |

Code:

Order: sell 0.01 BTC for 10.0 XCP at 1000.0000 XCP/BTC in 12 blocks with a provided fee of 0.0001 BTC (7bc8abe4...0e279496)

There is nothing in the "Order Matches Awaiting BTC Payment" section of the output to the "wallet" command of counterpartyd.

Why doesn't it match this order?

Code:

|         1.0         |    XCP     |    0.001     |    BTC    |           0.0010          |    BTC/XCP     | 0.0001 |    7418   | 42b4a564...1786e30e |

I'm looking into this.

I found the problem, and I'll commit a hotfix in the next couple of minutes.

Thanks for the bug report.

[mtbitcoin]

mtbitcoin,

Thanks for all of your hard work; blockscan.com is a great resource. This is on behalf of the Counterparty Team  :

Thank you, I appreciate it I am also working on some other newer features based on ideas I have been toying with in the past year, and will be using XCP as the test bed for this.

I have also just pushed an update for a basic JSON api interface at http://blockscan.com/api.aspx . Comments and suggestions welcomed

[freedomfighter]

I'd appreciate someone answering the following 3 questions:

1) In the XCP bloackscan balances the highest address has 6000+ XCP. How is it possible if there can be no more than 1BTC per address burned and the maximum reward was 1500XCP per 1BTC?

2) As to the burn instructions using blockchain.info: just to make sure I understood: say I want to burn 1BTC- is it recommended to open a brand new address with 1BTC and send to the XCP address? and than minus the fee the actual burn will be 0.999BTC for whatever XCP?

3) Lastly, what happens after the last block is burned? will the XCP balances sent to the address from which the BTC came? (I understand that it is the same as BTC as far as the blockchain.info is concerned? in other words-- how will an ïnvestor receive his XCP?

Thank you in advance. 

[bitkrb]

this looks like a great project, but how can it be monatized

[Alias]

I'd appreciate someone answering the following 3 questions:

1) In the XCP blockscan balances the highest address has 6000+ XCP. How is it possible if there can be no more than 1BTC per address burned and the maximum reward was 1500XCP per 1BTC?

2) As to the burn instructions using blockchain.info: just to make sure I understood: say I want to burn 1BTC- is it recommended to open a brand new address with 1BTC and send to the XCP address? and than minus the fee the actual burn will be 0.999BTC for whatever XCP?

3) Lastly, what happens after the last block is burned? will the XCP balances sent to the address from which the BTC came? (I understand that it is the same as BTC as far as the blockchain.info is concerned? in other words-- how will an ïnvestor receive his XCP?

Thank you in advance. 

[1] One can send XCP now, so the individuals with more than 1500+ just consolidated multiple burns into one address.
[2] That's true. If you want to burn the full 1BTC you should start with an address with 1.0001 BTC. Then send the 1 BTC (plus the 0.0001 miners fee) to the address - 1CounterpartyXXXXXXXXXXXXXXXUWLpVr. Just take your time and follow the instructions exactly.
[3] The XCP are almost immediately attributed to the BTC addresses from which they came. The individuals in point [1] have already received their XCP and are sending/spending them already.

[Alias]

How flexible is the Counterparty Protocol in terms of it being run atop other alt-coins instead of just Bitcoin?

Has anyone got any opinions about which alt-coin might be the optimal base for Counterparty?

[Alias]

this looks like a great project, but how can it be monetized

You need to rephrase your question. It makes little sense.

[PhantomPhreak]

How flexible is the Counterparty Protocol in terms of it being run atop other alt-coins instead of just Bitcoin?

Has anyone got any opinions about which alt-coin might be the optimal base for Counterparty?

Most alt-coins are nearly identical to Bitcoin, and Counterparty will run fine on any one that is. It would need a little tweaking for something like Namecoin or Peercoin, but not much, I think.

[led_lcd]

How flexible is the Counterparty Protocol in terms of it being run atop other alt-coins instead of just Bitcoin?

Has anyone got any opinions about which alt-coin might be the optimal base for Counterparty?

Most alt-coins are nearly identical to Bitcoin, and Counterparty will run fine on any one that is. It would need a little tweaking for something like Namecoin or Peercoin, but not much, I think.

This is the reason I support Counterparty and will continue to do so.

What the team is doing is a great service to Bitcoin and the crypto currency community. The way they operate in my opinion is akin to the spirit in which Bitcoin is built.

Instead of acting like a commercial enterprise trying to hide away their secret code or release the code late (with bugs no less), the Counterparty team released working source code on launch. It was made available to everyone.

[SyRenity]

If I burned XCP on separate address (but same wallet) on blockchain info, is there any way to export only this address private key?

Or the only way for me is to export the whole wallet then import into Bitcoin-QT?

Thanks.

[Alias]

If I burned XCP on separate address (but same wallet) on blockchain info, is there any way to export only this address private key?

Or the only way for me is to export the whole wallet then import into Bitcoin-QT?

Thanks.

There is. If I recall from memory, you simply click on import/export and look for the unencrypted/plaintext export option and copy and past the private key corresponding to your public key/address.

[Alias]

How flexible is the Counterparty Protocol in terms of it being run atop other alt-coins instead of just Bitcoin?

Has anyone got any opinions about which alt-coin might be the optimal base for Counterparty?

Most alt-coins are nearly identical to Bitcoin, and Counterparty will run fine on any one that is. It would need a little tweaking for something like Namecoin or Peercoin, but not much, I think.

This is the reason I support Counterparty and will continue to do so.

What the team is doing is a great service to Bitcoin and the crypto currency community. The way they operate in my opinion is akin to the spirit in which Bitcoin is built.

Instead of acting like a commercial enterprise trying to hide away their secret code or release the code late (with bugs no less), the Counterparty team released working source code on launch. It was made available to everyone.

I get the exact same vibe from these guys. No extraneous BS, just hard working and responsive dudes.

Thanks for the reply about running an instance of Counterparty on different alt-coins. The tweaking for Peercoin would be interesting if you automatically (for example) burned the users generated stake and turned it into XCP. That would encourage people to secure the base layer of Peercoin by buying it and performing Proof of Stake mining and generating the more useful XCP. (XC(P)PC) for the win!

Another related question...

Could you implement one instance of Counterparty which runs across a number of different alt-coins at the same time. Presumably you would need some supernodes (i.e. simply nodes that are nodes for all the alts that you are running across). This way the Counterparty Protocol would become the first interoperable cryptocurrency utility. This would have some interesting implications for Counterparty's decentralised exchange, with regard to direct automated transactions of cryptocurrencies that aren't just BTC and XCP.

I'm looking forward to your response.

[SyRenity]

If I burned XCP on separate address (but same wallet) on blockchain info, is there any way to export only this address private key?

Or the only way for me is to export the whole wallet then import into Bitcoin-QT?

Thanks.

There is. If I recall from memory, you simply click on import/export and look for the unencrypted/plaintext export option and copy and past the private key corresponding to your public key/address.

Thanks, will check.

[SyRenity]

A question about dividends, is it possible to do them via BTC?

Or the only planned options for the moment is using XCP?

[halfcab123]

Once I figure out how to send and receive XCP I'll send you guys a pretty sizeable donation in XCP

[PhantomPhreak]

How flexible is the Counterparty Protocol in terms of it being run atop other alt-coins instead of just Bitcoin?

Has anyone got any opinions about which alt-coin might be the optimal base for Counterparty?

Most alt-coins are nearly identical to Bitcoin, and Counterparty will run fine on any one that is. It would need a little tweaking for something like Namecoin or Peercoin, but not much, I think.

This is the reason I support Counterparty and will continue to do so.

What the team is doing is a great service to Bitcoin and the crypto currency community. The way they operate in my opinion is akin to the spirit in which Bitcoin is built.

Instead of acting like a commercial enterprise trying to hide away their secret code or release the code late (with bugs no less), the Counterparty team released working source code on launch. It was made available to everyone.

I get the exact same vibe from these guys. No extraneous BS, just hard working and responsive dudes.

Thanks for the reply about running an instance of Counterparty on different alt-coins. The tweaking for Peercoin would be interesting if you automatically (for example) burned the users generated stake and turned it into XCP. That would encourage people to secure the base layer of Peercoin by buying it and performing Proof of Stake mining and generating the more useful XCP. (XC(P)PC) for the win!

Another related question...

Could you implement one instance of Counterparty which runs across a number of different alt-coins at the same time. Presumably you would need some supernodes (i.e. simply nodes that are nodes for all the alts that you are running across). This way the Counterparty Protocol would become the first interoperable cryptocurrency utility. This would have some interesting implications for Counterparty's decentralised exchange, with regard to direct automated transactions of cryptocurrencies that aren't just BTC and XCP.

I'm looking forward to your response.

Cross-blockchain synchronisation will probably be rather awkward (as if Bitcoin block times were not already long enough"), and given the fact that most alt-coins are so similar, attempting to figure it out is not too high of a priority right now.

[PhantomPhreak]

A question about dividends, is it possible to do them via BTC?

Or the only planned options for the moment is using XCP?

XCP can do the job much better than BTC, so dividends (and bets) will be XCP-only for the foreseeable future.

[SyRenity]

A question about dividends, is it possible to do them via BTC?

Or the only planned options for the moment is using XCP?

XCP can do the job much better than BTC, so dividends (and bets) will be XCP-only for the foreseeable future.

So the assets investors, sending BTC to asset address, will actually get XCP back (and will need to exchange them back to BTC, if needed)? A bit backwards approach, to be honest.

[PhantomPhreak]

A question about dividends, is it possible to do them via BTC?

Or the only planned options for the moment is using XCP?

XCP can do the job much better than BTC, so dividends (and bets) will be XCP-only for the foreseeable future.

So the assets investors, sending BTC to asset address, will actually get XCP back (and will need to exchange them back to BTC, if needed)? A bit backwards approach, to be honest.

Why would you send BTC in particular to the issuing address? One may use any asset to buy any other, and one may use the distributed exchange for IPOs.

With XCP, one tiny dividend transaction can pay all of the dividends simultaneously. With BTC, you need one output per address. Of course, there's nothing stopping someone from paying BTC dividends, but there's no reason to put that feature in the Counterparty protocol (it wouldn't be a Counterparty transaction).