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Author Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread  (Read 1276302 times)
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biodieselchris
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February 15, 2014, 11:35:10 PM
 #3021

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
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February 15, 2014, 11:58:21 PM
 #3022

What happens when all btc are burnt? How does xcp work then?
NewLiberty
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February 16, 2014, 12:00:42 AM
 #3023

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.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
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heskey
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February 16, 2014, 12:01:18 AM
 #3024

Current reward for burning 1 btc? Will this coin remain scarce?

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gvans
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February 16, 2014, 12:10:06 AM
 #3025

Current reward for burning 1 btc? Will this coin remain scarce?

The burn period is over. Try out the distributed exchange! It says on page one. I was late to discover this, too.
https://bitcointalk.org/index.php?topic=395761.msg4271279#msg4271279

BTC 1Mye3mqB9WQdCj3uFwx6zcRArnzbUiq6Ro  ★ [NXT] NXT-RA49-RXFR-V6WE-97HT9
★ [ORA] LOGO  ★ [NEM] LOGO  ★ [NXT] MONOLITH  ★ [EXO] LOGO  ★ [FIMK] LOGO  ★ [NODE] LOGO
Anotheranonlol
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February 16, 2014, 12:13:05 AM
Last edit: February 16, 2014, 01:05:26 AM by Anotheranonlol
 #3026

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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February 16, 2014, 12:14:56 AM
Last edit: February 16, 2014, 12:31:57 AM by kdrop22
 #3027

Current reward for burning 1 btc? Will this coin remain scarce?

Do not burn any more BTC, burn period is over weeks ago. If you need to get some hands on counterparty checkout, the distributed marketplace or https://poloniex.com/exchange/btc_xcp.

Distributed Exchange:
http://blockscan.com/order_book.aspx
(This is the very first Distributed Exchange created on top of the Bitcoin platform).

Stock issuance and Dividend payments on top of the Counterparty platform
http://www.blockscan.com/assetInfo.aspx?q=MPTSTOCK


Other useful sites:
https://counterparty.co/
heskey
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February 16, 2014, 12:15:18 AM
 #3028

Ok thanks guys!

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roede94105
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February 16, 2014, 12:36:44 AM
 #3029

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.
heskey
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February 16, 2014, 12:41:52 AM
 #3030

Some serious volume over at poloniex!

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▓▓▓▓▓  BIT-X.comvvvvvvvvvvvvvvi
→ CREATE ACCOUNT 
▓▓▓▓▓
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Anotheranonlol
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February 16, 2014, 12:43:02 AM
 #3031

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

ojman28
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February 16, 2014, 12:44:37 AM
 #3032

Some serious volume over at poloniex!

Fireworks haven't started yet
IamNotSure
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February 16, 2014, 12:47:41 AM
 #3033

Some serious volume over at poloniex!

Fireworks haven't started yet

Woosh, almost 0.2 !
busoni
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February 16, 2014, 12:52:42 AM
 #3034

Oh, phooey. I knew I should have bought more when it first went up.

Poloniex.com - Fast crypto exchange with margin trading, advanced charts, and stop-limit orders
ojman28
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February 16, 2014, 12:54:00 AM
 #3035

Oh, phooey. I knew I should have bought more when it first went up.

Thanks Busoni for listing XCP in your exchange
kdrop22
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February 16, 2014, 12:57:27 AM
 #3036

I regret selling some of my XCP.    Sad
ojman28
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February 16, 2014, 01:00:26 AM
 #3037

I regret selling XCP so cheap in the first week.   Sad

Sold all XCPs you had?
sparta_cuss
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February 16, 2014, 01:02:47 AM
 #3038

I can't reach Poloniex. Anyone else getting a timeout?

"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
kwest
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February 16, 2014, 01:05:25 AM
 #3039

I can't reach Poloniex. Anyone else getting a timeout?

Yes. Just as I deposited 1 BTC. Sad
roede94105
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February 16, 2014, 01:06:03 AM
 #3040

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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