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

[jl777]

Only 0.01 BTC/XCP ?!?
Where will you invest your BTC after selling ? Another altcoin ?

I can't see better coin at the moment because no coin can have a better ROI next weeks and BTC will not grow either 10 fold during next weeks.
And if it occurs, XCP can grow proportionally better...

The first goal is to outreach Mastercoin cap.

Slow and steady is better than big bubble. Need more people to own XCP. In any case, we currently need buyers to establish more volume at .01BTC price.

If we can get 10 BTC trading at this price, that is much better than .01BTC

Spread the word to people you know that XCP is selling at half mastercoin valuation. Lets get .01BTC price firmly established first. Price is ultimately determined by supply and demand. Right now we need to create some demand at half mastercoin valuation. The early adopters need to make money, otherwise why would they invest?

[Asterios]

Ok, i am getting error messages since the last Block. Any idea, guys?

Code:

Block: 283811
Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 682, i
n <module>
    blocks.follow(db)
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 534, in f
ollow
    parse_block(db, block_index)
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 39, in pa
rse_block
    burn.parse(db, tx)
  File "C:\counterpartyd_build\dist\counterpartyd\lib\burn.py", line 76, in pars
e
    'burned': burned,
UnboundLocalError: local variable 'burned' referenced before assignment

[Anotheranonlol]

I made this quick in last minutes,.. I'm not graphic designer obviously just giving idea

I will put some btc in bounty for some gfx wizard to create some logo/graphics/banner for marketing purposes

also if someone can give guide to easily create an asset paying dividends, and some noob-proof way for users to invest, will be all ears

[coinbird]

Ok, i am getting error messages since the last Block. Any idea, guys?

Code:

Block: 283811
Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 682, i
...

same here

[Patel]

Ok, i am getting error messages since the last Block. Any idea, guys?

Code:

Block: 283811
Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 682, i
...

same here

same I was too. I am rebuilding the database seeing if that helps

[PurpleTentacle]

Correct me if I'm wrong... but this is what I'm seeing.

Mastercoin @ launch had a marketcap of ~$128 million with 560,000 coins all rough numbers. That's $228 USD per Coin. Mastercoin was sold during IPO @ 100 per BTC which in todays BTC value is like $8 per coin. That's 28,500% increase aka.. wow. So just a newb estimate you'd divide 2,600,000 / 560,000 = 4.64

So $228 / 10 / 4.64 would put XCP @ $4.91 / coin
Many would consider this estimate based on nothing solid, which is fine, I'm just saying for spec.

I think you're wrong:

MSC: $128,000,000 marketcap / 560,000 coins = $228/coin

XCP: $128,000,000 marketcap / 2,650,000 coins = $48/coin

Assuming the same initial marketcap.

[wizzardTim]

Burn period over!

Congratulations everyone for destroying almost $2mm of wealth.

Let the pumping commence! [WTS] 100 XCP for 100 BTC

To the moon!

To the moon! Woo hoo!

WOOHOO!

[jcrubino]

Proof of Burn

At first I thought this was a nash equilibrium market and I wondered why not send the money back into circulation by paying it out to the miners.
I take it that the proof of burn is just to create the new currency, then?



edit: correcting myself.

[IamNotSure]

Correct me if I'm wrong... but this is what I'm seeing.

Mastercoin @ launch had a marketcap of ~$128 million with 560,000 coins all rough numbers. That's $228 USD per Coin. Mastercoin was sold during IPO @ 100 per BTC which in todays BTC value is like $8 per coin. That's 28,500% increase aka.. wow. So just a newb estimate you'd divide 2,600,000 / 560,000 = 4.64

So $228 / 10 / 4.64 would put XCP @ $4.91 / coin
Many would consider this estimate based on nothing solid, which is fine, I'm just saying for spec.

Seems the most correct estimate so far. After that, let's the market decide. And like always, the more volume, the better.

[PhantomPhreak]

Ok, i am getting error messages since the last Block. Any idea, guys?

Code:

Block: 283811
Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 682, i
n <module>
    blocks.follow(db)
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 534, in f
ollow
    parse_block(db, block_index)
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 39, in pa
rse_block
    burn.parse(db, tx)
  File "C:\counterpartyd_build\dist\counterpartyd\lib\burn.py", line 76, in pars
e
    'burned': burned,
UnboundLocalError: local variable 'burned' referenced before assignment

I'm on it.

[kdrop22]

I made this quick in last minutes,.. I'm not graphic designer obviously just giving idea

I will put some btc in bounty for some gfx wizard to create some logo/graphics/banner for marketing purposes

also if someone can give guide to easily create an asset paying dividends, and some noob-proof way for users to invest, will be all ears

That looks good. I also like the tag line from the chatroom - decentralized financial instruments.

[Bitye West]

Congrats on the successful burn, Counterpartiers!

I'm not selling for any price until maybe 2015.  I see great potential in this project.

Let's all keep up the good work!

[Seedeer]

[Giga-Ace]

Burn period over!

Congratulations everyone for destroying almost $2mm of wealth.

Let the pumping commence! [WTS] 100 XCP for 100 BTC

To the moon!

To the moon! Woo hoo!

WOOHOO!

Take it easy boyz!

What would you make to think price would rice THAT high RIGHT after the burn period?
Which one would buy for XX increase than he could have bought two hours before...

 

[peer2peer360]

Regarding Counterparty's development, we've come up with what we think are good guidelines specifying the limited role of the core Counterparty team vs. that of the Counterparty community at large. We'd love for members of the community to review and comment on this as we see this statement, once approved by our team and the majority of the community, as serving as the guiding principles of the Counterparty project as a whole.

Counterparty Project Principles

Members of the community have burned or otherwise invested their funds into the success of the project.  The core development team will produce and maintain the reference client(s), official website and protocol specification. The community will self-organize and produce products, services, and businesses around these tools, as well as their own.

As a member of the community, you are encouraged to:

• Freely create useful applications around Counterparty technology and be compensated accordingly as people use your product or service.
• Be proactive and take initiative around the Counterparty protocol and in the community which will collectively be evidenced by a rising XCP value.
• Promote innovation by cooperating, sharing and collaborating with other community members.

Well Said Cityglut

Continue to incorporate knowledge & wisdom in all you do.

[peled1986]

I think people would stop burning somewhere between 1000 XCP and 100 XCP for now. It's up to the market to figure out what that cutoff point is.

True. I agree.

[BitzMD]

 

Correct me if I'm wrong... but this is what I'm seeing.

Mastercoin @ launch had a marketcap of ~$128 million with 560,000 coins all rough numbers. That's $228 USD per Coin. Mastercoin was sold during IPO @ 100 per BTC which in todays BTC value is like $8 per coin. That's 28,500% increase aka.. wow. So just a newb estimate you'd divide 2,600,000 / 560,000 = 4.64

So $228 / 10 / 4.64 would put XCP @ $4.91 / coin
Many would consider this estimate based on nothing solid, which is fine, I'm just saying for spec.

Seems the most correct estimate so far. After that, let's the market decide. And like always, the more volume, the better.

Will buy 5BTC worth of XCP at this rate

[Alohaboy?!]

which is the simplest way to buy XCP?

[qtgwith]

I just want to remind burners that your 1XCP worth 0.02BTC now whatever compared with Mastercoin.Don't sell now.It will give you bigger surprise soon!

[pmabdsf]

Is there a simple way to confirm my XCP balance?  I am reindexing my BTC wallet and still having technical problems with Counterparty but would like to have some peace of mind that my burn worked and what # of XCP I received.