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

[mtbitcoin]

Yea there's people trolling the price right now

 Overview
  Last DEX Matched Price :     50.0000 BTC/XCP @ $39,492.500
  Total XCP Supply:     2648755.9218 ($104,605,993,241.63)
  Total XCP Transactions:     3281 transactions
  Last Block Number:     284379


We need greater exposure and greater liquidity for XCP

Why not quote some kind of moving average that takes volume into account instead?  Or else filter out these very low volume threads and add a note to that effect. Or both.

-rotalumis

There is insufficient data points at this point of time. The actual matched and paid BTC/XCP order pairs is miniscule at the moment. However, this should change over time when we have more liquidity (I.e GUI/web client is launched, etc).

Cheers

[mtbitcoin]

Is anyone else running into issues when attempting a send (latest develop branch) ??

Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 514, in <module>
    print(unsigned_tx_hex) if args.unsigned else json_print(bitcoin.transmit(unsigned_tx_hex))
  File "C:\counterpartyd_build\dist\counterpartyd\lib\bitcoin.py", line 392, in transmit
    return rpc('sendrawtransaction', [signed_tx_hex])
  File "C:\counterpartyd_build\dist\counterpartyd\lib\bitcoin.py", line 91, in rpc
    raise exceptions.BitcoindError('{}'.format(response_json['error']))
lib.exceptions.BitcoindError: {'message': 'TX rejected', 'code': -22}

[520Bit]

Did anybody see this website: http://btc-market.net/bitcoin/buy-counterparty-xcp.html ?

They trade XCP at price 0.02 BTC/XCP, really?

[rotalumis]

Yea there's people trolling the price right now

 Overview
  Last DEX Matched Price :     50.0000 BTC/XCP @ $39,492.500
  Total XCP Supply:     2648755.9218 ($104,605,993,241.63)
  Total XCP Transactions:     3281 transactions
  Last Block Number:     284379


We need greater exposure and greater liquidity for XCP

Why not quote some kind of moving average that takes volume into account instead?  Or else filter out these very low volume threads and add a note to that effect. Or both.

-rotalumis

There is insufficient data points at this point of time. The actual matched and paid BTC/XCP order pairs is miniscule at the moment. However, this should change over time when we have more liquidity (I.e GUI/web client is launched, etc).

Cheers

We could still have a scatterplot of the week's trades and exclude spurious outlying data of recent trades when the volume is below a certain threshold. I'm not a statistician, but I'm sure there are minds here who know how to write a formula that will decide if a trade is likely trolling or not.

[BitThink]

I am confused. Does the exchange ensures the lowest asks will be filled first? If not, it's quite counter-intuitive. Previously, dgex, the Nxt exchange also did not ensure this and it's quite easy for people to manipulate the price.

counterpartyd matches orders based on the best available price, yes, if the fee conditions are satisfied.

Then may I ask how come the price listed in blockscan as others pointed out can be matched? Is it a bug, or just there were no better price? Thanks a lot.

[flayway]

Offtopic

News of the success of Counterparty has reached the internet cafe's in Abuja. Prince 'Darbsllim' just sent me this message:

Kwak Kwak

I got this private message also. Looks like nothing new 

/Offtopic

[xnova]

Is anyone else running into issues when attempting a send (latest develop branch) ??

Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 514, in <module>
    print(unsigned_tx_hex) if args.unsigned else json_print(bitcoin.transmit(unsigned_tx_hex))
  File "C:\counterpartyd_build\dist\counterpartyd\lib\bitcoin.py", line 392, in transmit
    return rpc('sendrawtransaction', [signed_tx_hex])
  File "C:\counterpartyd_build\dist\counterpartyd\lib\bitcoin.py", line 91, in rpc
    raise exceptions.BitcoindError('{}'.format(response_json['error']))
lib.exceptions.BitcoindError: {'message': 'TX rejected', 'code': -22}

I added a FAQ entry for this: https://counterparty.co/faqs/i-got-an-error-tx-rejected-code-22-what-is-that/

[roede94105]

I'm so surprised at how little reactions I get when I talk about a functioning Dex (although in alpha) being in place, wether it be on Reddit or diverse chats of the crypto community.

I'm amazed at how little knowledge of the overall cryptos most "traders" have so far.

I guess they'll finally take a look when if it's worth thousands or millions in a few months.

[Giga-Ace]

Hey I need some help with my blockchain.info address to import into my bitcoin-qt wallet.

How can I properly import the addresses? I always read about I have to export a private key? How does this work? Is this key the address or is it linked to it?
Do I have a new address in my wallet then?

Sorry for asking noob questions, I just dont feel to do it right and I dont want the nice xcp to fade away...

Many thanks!

[PhantomPhreak]

Heads up, I see some more invalid order matches:

3288   284402   1AQPf7f3y37NN9XsYkfGGALHQiW1ig3MXb   2014-02-06 05:29:18   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3286   284391   1JUXwDjh21yLkUhKNdggenexZK8XpeXTRx   2014-02-06 04:26:13   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3285   284390   1CJTDpHBvcQw4e7FCKzkT9j62PuXegWdYN   2014-02-06 04:14:45   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3282   284386   1CJTDpHBvcQw4e7FCKzkT9j62PuXegWdYN   2014-02-06 04:26:07   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...

Someone needs to update their client?

Yes, that is my interpretation. Future versions will include some kind of check to make sure that the network isn't ahead of of the local client.

[halfcab123]

0.02 BTC is a purdy price 

[gacrux]

Heads up, I see some more invalid order matches:

3288   284402   1AQPf7f3y37NN9XsYkfGGALHQiW1ig3MXb   2014-02-06 05:29:18   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3286   284391   1JUXwDjh21yLkUhKNdggenexZK8XpeXTRx   2014-02-06 04:26:13   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3285   284390   1CJTDpHBvcQw4e7FCKzkT9j62PuXegWdYN   2014-02-06 04:14:45   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3282   284386   1CJTDpHBvcQw4e7FCKzkT9j62PuXegWdYN   2014-02-06 04:26:07   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...

Someone needs to update their client?

Holy crap, that's me! Well, 1JUXwDjh21yLkUhKNdggenexZK8XpeXTRx and 1CJTDpHBvcQw4e7FCKzkT9j62PuXegWdYN at least. Wish I'd seen this thread earlier :-(

Already posted about this here:
https://bitcointalk.org/index.php?topic=406408.20
And here:
https://forums.counterparty.co/index.php/topic,2.0.html

I thought I was up to date. I cloned from master yesterday. Did a git pull from ~/counterpartyd today, but forgot to also run git pull in ~/counterpartyd/dist/counterpartyd , which I'm guessing is what has bitten me.

[cityglut]

Hey I need some help with my blockchain.info address to import into my bitcoin-qt wallet.

How can I properly import the addresses? I always read about I have to export a private key? How does this work? Is this key the address or is it linked to it?
Do I have a new address in my wallet then?

Sorry for asking noob questions, I just dont feel to do it right and I dont want the nice xcp to fade away...

Many thanks!

I burned BTC through blockchain.info, how do I access my XCP?

Suggestions for clarificaitons welcome!

EDIT: Don't forget to encrypt your Bitcoin-QT wallet!

[PhantomPhreak]

Attention: I'm removing the asset name checksum in the next commit to develop.

[halfcab123]

Attention: I'm removing the asset name checksum in the next commit to develop.

Hey PhantomPhreak how'd you feel about a phone interview so I can write an article and also make a youtube video advertising the project ? Or maybe a Skype interview ? I have all the necessary equipment and media outlets to make some serious content shine! 

[halfcab123]

How do I set up my BTC wallet to trade on the DEX.

I would appreciate it if someone could explain it in a way a non techie could understand.


I apologize if this has been posted already.


Regards

I have a tutorial (non-tech guy) in Chinese w/ pictures here: https://forums.counterparty.co/index.php/topic,48.0.html

You can use goolge translation to go through. If there is large demand of this kind of tutorial, I can translate it in English.

Reading the translated version in Chrome has resulted in a slight migraine. Can you please translate it into english ? If I get it to work I will make a screen recording video tutorial.

[PhantomPhreak]

Heads up, I see some more invalid order matches:

3288   284402   1AQPf7f3y37NN9XsYkfGGALHQiW1ig3MXb   2014-02-06 05:29:18   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3286   284391   1JUXwDjh21yLkUhKNdggenexZK8XpeXTRx   2014-02-06 04:26:13   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3285   284390   1CJTDpHBvcQw4e7FCKzkT9j62PuXegWdYN   2014-02-06 04:14:45   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...
3282   284386   1CJTDpHBvcQw4e7FCKzkT9j62PuXegWdYN   2014-02-06 04:26:07   023d390307488909fc6b05a37a3335...   Invalid: invalid order match ID, 023d390307488909f...

Someone needs to update their client?

Holy crap, that's me! Well, 1JUXwDjh21yLkUhKNdggenexZK8XpeXTRx and 1CJTDpHBvcQw4e7FCKzkT9j62PuXegWdYN at least. Wish I'd seen this thread earlier :-(

Already posted about this here:
https://bitcointalk.org/index.php?topic=406408.20
And here:
https://forums.counterparty.co/index.php/topic,2.0.html

I thought I was up to date. I cloned from master yesterday. Did a git pull from ~/counterpartyd today, but forgot to also run git pull in ~/counterpartyd/dist/counterpartyd , which I'm guessing is what has bitten me.

Would you do another test purchase now, so that I can be absolutely sure that the problem has in fact been fixed for you? As stated, the devs will compensate you for the BTC you send in those transactions.

[mtbitcoin]

I am confused. Does the exchange ensures the lowest asks will be filled first? If not, it's quite counter-intuitive. Previously, dgex, the Nxt exchange also did not ensure this and it's quite easy for people to manipulate the price.

counterpartyd matches orders based on the best available price, yes, if the fee conditions are satisfied.

Then may I ask how come the price listed in blockscan as others pointed out can be matched? Is it a bug, or just there were no better price? Thanks a lot.

Actually what I noticed is that you can technically "overpay" for an existing order if I am not mistaken. So this would mean that when an order is matched, the matched prices would not necessarily be the same the order requested price. Most of the times this would not be an issue as both prices would be the same.

I am not entirely sure which price to display at blockscan so at the moment I am sticking to ask order price and not the actual (possibly overpaid) price paid. I am waiting this out till the official web gui comes out and then will standardize the prices and other variables

Cheers

[PhantomPhreak]

Attention: I'm removing the asset name checksum in the next commit to develop.

Hey PhantomPhreak how'd you feel about a phone interview so I can write an article and also make a youtube video advertising the project ? Or maybe a Skype interview ? I have all the necessary equipment and media outlets to make some serious content shine! 

Sorry, but that's not very likely to happen.

[PhantomPhreak]

I am confused. Does the exchange ensures the lowest asks will be filled first? If not, it's quite counter-intuitive. Previously, dgex, the Nxt exchange also did not ensure this and it's quite easy for people to manipulate the price.

counterpartyd matches orders based on the best available price, yes, if the fee conditions are satisfied.

Then may I ask how come the price listed in blockscan as others pointed out can be matched? Is it a bug, or just there were no better price? Thanks a lot.

Actually what I noticed is that you can technically "overpay" for an existing order if I am not mistaken. So this would mean that when an order is matched, the matched prices would not necessarily be the same the order requested price. Most of the times this would not be an issue as both prices would be the same.

I am not entirely sure which price to display at blockscan so at the moment I am sticking to ask order price and not the actual (possibly overpaid) price paid. I am waiting this out till the official web gui comes out and then will standardize the prices and other variables

Cheers

When two orders at different prices are matched, the final price is always that of the earlier order. (It's the same with bets and odds.)