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

[flayway]

Have we irc channel already or can we open? Im in #xcp and #xcpcoin

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[cityglut]

Hello XCP peoples!

I am James, active member of the NXT community and I really like what you are doing. Burned some BTC so I am also one of the XCP peoples.

I believe there is room in the growing crypto world for many different solutions to succeed. Of course, XCP must dominate mastercoin!

I just wanted to reach out and maybe there are ways we can help each other. NXT is already on many exchanges and has close to 20,000 accounts. Maybe it makes sense for XCP to be listed in NXT Asset Exchange? This would create a market for XCP and avoid all the fiat hassles as there is also a path from NXT -> ripple -> fiat.

I am busy managing the NXTcommunityfund, which just received over 2 million NXT so I personally don't have the time, but I am sure I can find somebody over in NXT community who would love to help or become an XCP gateway into the NXT Asset Exchange.

Still getting up to speed with XCP, so not sure if it is possible to get NXT listed within counterparty. If it is possible, I am interested in seeing how that can be done, etc.

James

James,

Thank you for your interest in Counterparty!

Getting NXT listed within Counterparty would be a bit tricky. Even if someone created asset REALNXT in Counterparty and sold them, he would have to 'back' REALNXT with NXT, and make a sort-of IOU out of it, such that REALNXT can be redeemed for NXT. The mechanism by which the latter happens will have to be determined by the issuer of REALNXT, of course, though I do have some ideas as to how this could be done.

It would be great if XCP could be sold on NXT Asset Exchange, though I do not know whether this is possible.

If you are interested in further discussing things further, please PM me or have someone from the NXT community PM me.

[klee]

Hello XCP peoples!

I am James, active member of the NXT community and I really like what you are doing. Burned some BTC so I am also one of the XCP peoples.

I believe there is room in the growing crypto world for many different solutions to succeed. Of course, XCP must dominate mastercoin!

I just wanted to reach out and maybe there are ways we can help each other. NXT is already on many exchanges and has close to 20,000 accounts. Maybe it makes sense for XCP to be listed in NXT Asset Exchange? This would create a market for XCP and avoid all the fiat hassles as there is also a path from NXT -> ripple -> fiat.

I am busy managing the NXTcommunityfund, which just received over 2 million NXT so I personally don't have the time, but I am sure I can find somebody over in NXT community who would love to help or become an XCP gateway into the NXT Asset Exchange.

Still getting up to speed with XCP, so not sure if it is possible to get NXT listed within counterparty. If it is possible, I am interested in seeing how that can be done, etc.

James

James,

Thank you for your interest in Counterparty!

Getting NXT listed within Counterparty would be a bit tricky. Even if someone created asset REALNXT in Counterparty and sold them, he would have to 'back' REALNXT with NXT, and make a sort-of IOU out of it, such that REALNXT can be redeemed for NXT. The mechanism by which the latter happens will have to be determined by the issuer of REALNXT, of course, though I do have some ideas as to how this could be done.

It would be great if XCP could be sold on NXT Asset Exchange, though I do not know whether this is possible.

If you are interested in further discussing things further, please PM me or have someone from the NXT community PM me.

Let's do this!
It will be a huge boost for both projects, they share many things in common.

[Alias]

Hello XCP peoples!

I am James, active member of the NXT community and I really like what you are doing. Burned some BTC so I am also one of the XCP peoples.

I believe there is room in the growing crypto world for many different solutions to succeed. Of course, XCP must dominate mastercoin!

I just wanted to reach out and maybe there are ways we can help each other. NXT is already on many exchanges and has close to 20,000 accounts. Maybe it makes sense for XCP to be listed in NXT Asset Exchange? This would create a market for XCP and avoid all the fiat hassles as there is also a path from NXT -> ripple -> fiat.

I am busy managing the NXTcommunityfund, which just received over 2 million NXT so I personally don't have the time, but I am sure I can find somebody over in NXT community who would love to help or become an XCP gateway into the NXT Asset Exchange.

Still getting up to speed with XCP, so not sure if it is possible to get NXT listed within counterparty. If it is possible, I am interested in seeing how that can be done, etc.

James

James,

Thank you for your interest in Counterparty!

Getting NXT listed within Counterparty would be a bit tricky. Even if someone created asset REALNXT in Counterparty and sold them, he would have to 'back' REALNXT with NXT, and make a sort-of IOU out of it, such that REALNXT can be redeemed for NXT. The mechanism by which the latter happens will have to be determined by the issuer of REALNXT, of course, though I do have some ideas as to how this could be done.

It would be great if XCP could be sold on NXT Asset Exchange, though I do not know whether this is possible.

If you are interested in further discussing things further, please PM me or have someone from the NXT community PM me.

Let's do this!
It will be a huge boost for both projects, they share many things in common.

Maybe I'm wrong but I think that there is a relatively easy way to do this:

Say Alice is a Counterparty user and Bob is a NXT user. Alice and Bob want to get their respective tokens "into" each others systems. They can set up a multisig address (2 of 2) on each system to which they both have 1 of the keys. They can both add some amount (say $10,000 worth) of their tokens into the multisig addresses. So now the NXT address has say 20,000 NXT and the Counterparty address has 4,000 XCP. Both Alice and Bob can define the appropriate assets/colored coins. They are effectively performing escrow for each other. In this manner you are actually "backing" NXT assets with NXT and XCP assets with XCP.

Of course there are all sorts of potential issues with this such as - how do you know that Alice and Bob aren't the same person. In the long-term that doesn't matter because both Alice and Bob will be DACs. You could technically trade between an "XCP colored NXT" and an "NXT colored XCP" via "Alice and Bob".

So there's an answer to your earlier question James: The most valuable DACs? - How about one which facilitates interoperability between decentralized exchanges.

Another neat way of doing this would be to extend the Counterparty Protocol across both Bitcoin and NXT (using the arbitrary message system)! This would mean the NXT system could have colored coins on top of colored coins. "This coin represents a Counterparty token which represents my deeds to this house".

[PhantomPhreak]

I am trying to do a broadcast but the command-line argument parser seems to be having difficulty with spaces in the --text argument.

My command:

counterpartyd broadcast --from 1LX3cVsKDBuAP19ngnqvAzMXDcWpwdjVgY --text "Super Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win" --value 0 --fee-multiplier 0

Result:

counterpartyd: error: unrecognized arguments: Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win

What's the format for the text argument?

EDIT: Solved. You need to put another set of quotes around the text to deal with the spaces:

for example instead of --text="Super Bowl" you use --text="'Super Bowl'"

That's funny. I'll try to fix that.

I have a question about XCP transactions. I know the minimum fee is 0.0001 BTC, but where do the BTC in the "Escrow" fields get sent to?

For example, in the Super Bowl broadcast I just published there are 3 "Escrow" receivers:
https://blockchain.info/tx/156a08f2fd5f1c0280dbe464e862948ee0d8f81c1b8cd70b622cea1f15a363a4

What is the purpose of this? Where do those 0.0001086 BTC go?

Those addresses The second two addresses in each escrow are the fake addresses in which the Counterparty data is stored. Those 0.0001086 BTC return to you in a multi-sig 1-of-3 output.

[schwillyshill]

So I lost an XCP that I had purchased due to a bitcoin blockchain reorg.

That's odd... Are you sure it's not just delayed? Which transactions were involved?

This created the order: 7537e9dc8febdd67ce505255db72be571f39ff0d8735ff7c7c2ce9fba9c4df08

Then there was a match for 1 XCP of the order

f4d4c35493d5b2d4615f3abb8556a2fbec2d5084824b9b10d4aded0cb0ac0ec8

Then I had 1 XCP at 1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv

Then counterpartyd server console said blockchain reorg.

Now I have no XCP

It's showing up on blockscan now.

Yes but it doesn't show up in counterpartyd wallet.
I removed the database files and let server recreate them and still no XCP at 1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv.

[PhantomPhreak]

So I lost an XCP that I had purchased due to a bitcoin blockchain reorg.

That's odd... Are you sure it's not just delayed? Which transactions were involved?

This created the order: 7537e9dc8febdd67ce505255db72be571f39ff0d8735ff7c7c2ce9fba9c4df08

Then there was a match for 1 XCP of the order

f4d4c35493d5b2d4615f3abb8556a2fbec2d5084824b9b10d4aded0cb0ac0ec8

Then I had 1 XCP at 1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv

Then counterpartyd server console said blockchain reorg.

Now I have no XCP

It's showing up on blockscan now.

Yes but it doesn't show up in counterpartyd wallet.
I removed the database files and let server recreate them and still no XCP at 1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv.

It looks as though the blockchain reorganisation made it such that your first order expired just before it was matched.

[jimhsu]

I am trying to do a broadcast but the command-line argument parser seems to be having difficulty with spaces in the --text argument.

My command:

counterpartyd broadcast --from 1LX3cVsKDBuAP19ngnqvAzMXDcWpwdjVgY --text "Super Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win" --value 0 --fee-multiplier 0

Result:

counterpartyd: error: unrecognized arguments: Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win

What's the format for the text argument?

EDIT: Solved. You need to put another set of quotes around the text to deal with the spaces:

for example instead of --text="Super Bowl" you use --text="'Super Bowl'"

Fun, I'll try to enter a bet now.

[PhantomPhreak]

I am trying to do a broadcast but the command-line argument parser seems to be having difficulty with spaces in the --text argument.

My command:

counterpartyd broadcast --from 1LX3cVsKDBuAP19ngnqvAzMXDcWpwdjVgY --text "Super Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win" --value 0 --fee-multiplier 0

Result:

counterpartyd: error: unrecognized arguments: Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win

What's the format for the text argument?

EDIT: Solved. You need to put another set of quotes around the text to deal with the spaces:

for example instead of --text="Super Bowl" you use --text="'Super Bowl'"

That's funny. I'll try to fix that.

Hmm. I'm not having that problem. Is anyone else? What platform are you on, BiggestFish?

[schwillyshill]

So I lost an XCP that I had purchased due to a bitcoin blockchain reorg.

That's odd... Are you sure it's not just delayed? Which transactions were involved?

This created the order: 7537e9dc8febdd67ce505255db72be571f39ff0d8735ff7c7c2ce9fba9c4df08

Then there was a match for 1 XCP of the order

f4d4c35493d5b2d4615f3abb8556a2fbec2d5084824b9b10d4aded0cb0ac0ec8

Then I had 1 XCP at 1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv

Then counterpartyd server console said blockchain reorg.

Now I have no XCP

It's showing up on blockscan now.

Yes but it doesn't show up in counterpartyd wallet.
I removed the database files and let server recreate them and still no XCP at 1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv.

It looks as though the blockchain reorganisation made it such that your first order expired just before it was matched.

Folks, be wary of trusting blockscan.com because it won't always be correct.

[Patel]

Someone is burning big.. Like 30 or so btc in the last 2 blocks.  

[jimhsu]

Hi,

Need more guidance on how to actually use the bet/feed system.

What I think I'm trying to do:
Enter a bet from 1Fz5idgemYfsszRMmaQNd2Anvm2JytAoU (my XCP account) to feed 1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN (super bowl feed) to bet 1 XCP that Denver (2) will win at or before block 290000 (random estimate in future).

What I entered:

C:\counterpartyd>python counterpartyd.py bet --from 1Fz5idgemYfsszRMmaQNd2Anvm2J
ytAoU --feed-address 1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN --bet-type Equal --deadl
ine 290000 --wager 1 --counterwager 1 --target-value 2 --expiration 2
Traceback (most recent call last):
  File "counterpartyd.py", line 564, in <module>
    deadline = round(datetime.timestamp(dateutil.parser.parse(args.deadline)))
AttributeError: type object 'datetime.datetime' has no attribute 'timestamp'

Don't know what to put in expiration because anything is giving me errors.

[PhantomPhreak]

Hi,

Need more guidance on how to actually use the bet/feed system.

What I think I'm trying to do:
Enter a bet from 1Fz5idgemYfsszRMmaQNd2Anvm2JytAoU (my XCP account) to feed 1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN (super bowl feed) to bet 1 XCP that Denver (2) will win at or before block 290000 (random estimate in future).

What I entered:

C:\counterpartyd>python counterpartyd.py bet --from 1Fz5idgemYfsszRMmaQNd2Anvm2J
ytAoU --feed-address 1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN --bet-type Equal --deadl
ine 290000 --wager 1 --counterwager 1 --target-value 2 --expiration 2
Traceback (most recent call last):
  File "counterpartyd.py", line 564, in <module>
    deadline = round(datetime.timestamp(dateutil.parser.parse(args.deadline)))
AttributeError: type object 'datetime.datetime' has no attribute 'timestamp'

Don't know what to put in expiration because anything is giving me errors.

That error message sure isn't very helpful! The problem is that deadlines are specified in actual times, not block numbers, and moreover in human-readable formats, such as 'Mon Feb  3 10:00:00 UTC 2014'. (I actually haven't figured out myself exactly what datetime will accept, yet... it won't take Unix time, for no reason.)

The expiration is the maximum number of blocks that you want your bet to be available to be matched for.

[PhantomPhreak]

Hi,

Need more guidance on how to actually use the bet/feed system.

What I think I'm trying to do:
Enter a bet from 1Fz5idgemYfsszRMmaQNd2Anvm2JytAoU (my XCP account) to feed 1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN (super bowl feed) to bet 1 XCP that Denver (2) will win at or before block 290000 (random estimate in future).

What I entered:

C:\counterpartyd>python counterpartyd.py bet --from 1Fz5idgemYfsszRMmaQNd2Anvm2J
ytAoU --feed-address 1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN --bet-type Equal --deadl
ine 290000 --wager 1 --counterwager 1 --target-value 2 --expiration 2
Traceback (most recent call last):
  File "counterpartyd.py", line 564, in <module>
    deadline = round(datetime.timestamp(dateutil.parser.parse(args.deadline)))
AttributeError: type object 'datetime.datetime' has no attribute 'timestamp'

Don't know what to put in expiration because anything is giving me errors.

In addition, what command would I need to enter to take the other side of jimhsu's bet?

You'll want to pick exactly the same date and time that he does, and then you want to change 'Equal' to 'NotEqual'. That's it.

[xnova]

Guys, just a reminder, if anyone can contribute to our our desktop GUI bounty, please do.

The address is 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs

We currently are up to around 6.4 BTC and ~1680 XCP.

BTC: https://blockchain.info/address/12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs
XCP: http://blockscan.com/balance.aspx?q=12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs

[halfcab123]

Hey guys I'm getting ready to make  professional style interview based commercial for counterparty. I'm starting a small fund to pay the cinematographer nothing too crazy donate xcp and BTC if you can. I'm gonna have some examples of his work including my interview and writing skills

[flayway]

Guys, just a reminder, if anyone can contribute to our our desktop GUI bounty, please do.

The address is 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs

We currently are up to around 6.4 BTC and ~1680 XCP.

BTC: https://blockchain.info/address/12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs
XCP: http://blockscan.com/balance.aspx?q=12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs

There is 3x 0.5 btc donations, 1btc and one about 1.5btc donation. So total 4 btc from bigger amounts and about 1-1.5btc in xcp. If look this against total burned money its look like really many people have think to join free train   Total donations is about 0.28% of burned moneys, its really bad work from community...

[PhantomPhreak]

I am trying to do a broadcast but the command-line argument parser seems to be having difficulty with spaces in the --text argument.

My command:

counterpartyd broadcast --from 1LX3cVsKDBuAP19ngnqvAzMXDcWpwdjVgY --text "Super Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win" --value 0 --fee-multiplier 0

Result:

counterpartyd: error: unrecognized arguments: Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win

What's the format for the text argument?

EDIT: Solved. You need to put another set of quotes around the text to deal with the spaces:

for example instead of --text="Super Bowl" you use --text="'Super Bowl'"

That's funny. I'll try to fix that.

Hmm. I'm not having that problem. Is anyone else? What platform are you on, BiggestFish?

I'm on Ubuntu 13.10. I think the 2 sets of quotes are so that bash can read it, strip the outlying set of quotes, and then pass to python?

I'm using Bash and I don't need to nest any quotes...

[Patel]

Guys, just a reminder, if anyone can contribute to our our desktop GUI bounty, please do.

The address is 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs

We currently are up to around 6.4 BTC and ~1680 XCP.

BTC: https://blockchain.info/address/12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs
XCP: http://blockscan.com/balance.aspx?q=12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs

There is 3x 0.5 btc donations, 1btc and one about 1.5btc donation. So total 4 btc from bigger amounts and about 1-1.5btc in xcp. If look this against total burned money its look like really many people have think to join free train   Total donations is about 0.28% of burned moneys, its really bad work from community...

Might be because the whole balance of donation address will go to paying the developer of the client.

The community will set up alternate donation addresses for other bounties like marketing and the commercial halfcab is working on.

[PhantomPhreak]

I am trying to do a broadcast but the command-line argument parser seems to be having difficulty with spaces in the --text argument.

My command:

counterpartyd broadcast --from 1LX3cVsKDBuAP19ngnqvAzMXDcWpwdjVgY --text "Super Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win" --value 0 --fee-multiplier 0

Result:

counterpartyd: error: unrecognized arguments: Bowl Bet Feed: 0=Incomplete 1=Seattle Win 2=Denver Win

What's the format for the text argument?

EDIT: Solved. You need to put another set of quotes around the text to deal with the spaces:

for example instead of --text="Super Bowl" you use --text="'Super Bowl'"

That's funny. I'll try to fix that.

I have a question about XCP transactions. I know the minimum fee is 0.0001 BTC, but where do the BTC in the "Escrow" fields get sent to?

For example, in the Super Bowl broadcast I just published there are 3 "Escrow" receivers:
https://blockchain.info/tx/156a08f2fd5f1c0280dbe464e862948ee0d8f81c1b8cd70b622cea1f15a363a4

What is the purpose of this? Where do those 0.0001086 BTC go?

Those addresses The second two addresses in each escrow are the fake addresses in which the Counterparty data is stored. Those 0.0001086 BTC return to you in a multi-sig 1-of-3 output.

How/when do those 0.0001086 BTC get returned to me?

I'm not sure exactly which clients support spending multi-sig outputs, but the coins are definitely yours right now.