biodieselchris
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February 15, 2014, 11:35:10 PM |
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Yeah, no hype. True, but we need to market to bring many people on board.
I want create a divisible asset from scratch (burning a small amount of BTC is fine). Can someone help me in PM? I have Windows 7 ATM...
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naturallin
Newbie
Offline
Activity: 17
Merit: 0
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February 15, 2014, 11:58:21 PM |
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What happens when all btc are burnt? How does xcp work then?
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NewLiberty
Legendary
Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
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February 16, 2014, 12:00:42 AM |
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Yeah, no hype. True, but we need to market to bring many people on board.
I want create a divisible asset from scratch (burning a small amount of BTC is fine). Can someone help me in PM? I have Windows 7 ATM... This is the better way to bring people, through usage. Marketing has the tendency to create unmet expectations.
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heskey
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February 16, 2014, 12:01:18 AM |
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Current reward for burning 1 btc? Will this coin remain scarce?
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Anotheranonlol
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February 16, 2014, 12:13:05 AM Last edit: February 16, 2014, 01:05:26 AM by Anotheranonlol |
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Current reward for burning 1 btc? Will this coin remain scarce?
The burn period is over. Buy orders via centralised exchange (poloniex) is currently at 0.01BTC per XCP meaning 100 XCP for every 1BTC. XCP has a fixed supply of no more than 2,648,756 XCP. This would not increase day to day, month to month or year to year, because there is no concept of proof-of-work mining to introduce fresh coins to the supply on regular intervals (and therefore inflate- Bitcoin would need approx 2.3 million $ of fresh income per 24hours in order to maintain it's current price level, XCP does not need to compensate miners ). This number could only ever decrease. (for example, with loss of private keypairs) so to answer your question, yes this coin has scarcity-value if that is what interests you. The real excitement will come when we begin to see web wallets, dramatically lowering the barrier to entry. real use of decentralised aspects of exchange, for example an asset issuer taking advantage of this mechanism
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heskey
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February 16, 2014, 12:15:18 AM |
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Ok thanks guys!
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roede94105
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February 16, 2014, 12:36:44 AM |
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Noobie question here: I own a couple hundred of those XCPs, but they are linked to my BTC paper wallet in which I also have some BTC. Now, I am not in a hurry to get neither of those out of the paper wallet, but if I were to do so, what would be the proper procedure to not lose anything? Thanks for your time.
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heskey
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February 16, 2014, 12:41:52 AM |
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Some serious volume over at poloniex!
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Anotheranonlol
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February 16, 2014, 12:43:02 AM |
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Noobie question here: I own a couple hundred of those XCPs, but they are linked to my BTC paper wallet in which I also have some BTC. Now, I am not in a hurry to get neither of those out of the paper wallet, but if I were to do so, what would be the proper procedure to not lose anything? Thanks for your time.
I believe you can simply import the private key (sweep) into a running Bitcoin-QT client with Counterpartyd side-by side when you are ready. It may also be possible with the forthcoming counterwallet, which is a web-wallet front end to counterwalletd, talking to counterpartyd back-end, but don't quote me on that
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ojman28
Newbie
Offline
Activity: 24
Merit: 0
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February 16, 2014, 12:44:37 AM |
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Some serious volume over at poloniex!
Fireworks haven't started yet
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IamNotSure
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February 16, 2014, 12:47:41 AM |
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Some serious volume over at poloniex!
Fireworks haven't started yet Woosh, almost 0.2 !
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busoni
Sr. Member
Offline
Activity: 364
Merit: 250
Owner of Poloniex
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February 16, 2014, 12:52:42 AM |
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Oh, phooey. I knew I should have bought more when it first went up.
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Poloniex.com - Fast crypto exchange with margin trading, advanced charts, and stop-limit orders
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ojman28
Newbie
Offline
Activity: 24
Merit: 0
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February 16, 2014, 12:54:00 AM |
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Oh, phooey. I knew I should have bought more when it first went up.
Thanks Busoni for listing XCP in your exchange
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kdrop22
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February 16, 2014, 12:57:27 AM |
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I regret selling some of my XCP.
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ojman28
Newbie
Offline
Activity: 24
Merit: 0
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February 16, 2014, 01:00:26 AM |
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I regret selling XCP so cheap in the first week. Sold all XCPs you had?
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sparta_cuss
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February 16, 2014, 01:02:47 AM |
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I can't reach Poloniex. Anyone else getting a timeout?
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"We must be willing to let go of the life we have planned, so as to have the life that is waiting for us." - E.M. Forster NXT: NXT-Z24T-YU6D-688W-EARDT BTC: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s
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kwest
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February 16, 2014, 01:05:25 AM |
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I can't reach Poloniex. Anyone else getting a timeout?
Yes. Just as I deposited 1 BTC.
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roede94105
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February 16, 2014, 01:06:03 AM |
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Noobie question here: I own a couple hundred of those XCPs, but they are linked to my BTC paper wallet in which I also have some BTC. Now, I am not in a hurry to get neither of those out of the paper wallet, but if I were to do so, what would be the proper procedure to not lose anything? Thanks for your time.
I believe you can simply import the private key (sweep) into a running Bitcoin-QT client with Counterpartyd side-by side when you are ready. It may also be possible with the forthcoming counterwallet, which is a web-wallet front end to counterwalletd, talking to counterpartyd back-end, but don't quote me on that Thanks, I'll still wait until things are more "user friendly", I just don't want to, like, withdraw my BTCs and then someone can steal my XCPs or something
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