Chang Hum
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February 17, 2014, 09:30:03 AM |
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Does the seller receive the fee?
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520Bit
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February 17, 2014, 09:33:10 AM |
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Does the seller receive the fee?
The fee will go to the bitcoin network for miners.
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Geenstijl
Legendary
Offline
Activity: 1232
Merit: 1000
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February 17, 2014, 01:21:47 PM |
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How many shareholders are in this coin. It really has to decentralize more to gain more support from new holders, the community is too small. Dump some coins to get new owners that will put efforts in getting to know and promoting the coin for their own interest.
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prabhu.str1
Newbie
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Activity: 28
Merit: 0
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February 17, 2014, 01:30:58 PM |
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How many shareholders are in this coin. It really has to decentralize more to gain more support from new holders, the community is too small. Dump some coins to get new owners that will put efforts in getting to know and promoting the coin for their own interest.
Cant really say how many shareholders or coinholders. The burn was limited to 1BTC per address. The taint analysis showed 1 person burnt around 25 BTC, 5 or 6 in the range 11 - 20. A total of 2124.6 BTCs were burnt http://www.blockscan.com/burn.aspx So my guess is there are atleast 1000 initial shareholders. I burnt 1 BTC. I and many other BTC burners are looking for long term gains not for short term. XCP is doing lot many things which others are promising. There is no hype. Developers are busy building a web wallet, website and wiki pages. Wait until March for the real fireworks
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Geenstijl
Legendary
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Activity: 1232
Merit: 1000
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February 17, 2014, 01:45:50 PM |
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Yeah i know, you dont want to be in it for short-term gains. But more people that didnt notice the launch would like to be shareholders... If the initial shareholders would cash out some of their coins, making like 5x profit or so, that would actually be a good thing. They can still remain to be a shareholder, just not with a bit smaller shares compared to what they have now. I think it would make the community grow largers which is better for realizing longer term goals and succes.
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prabhu.str1
Newbie
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Activity: 28
Merit: 0
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February 17, 2014, 02:04:10 PM |
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Yeah i know, you dont want to be in it for short-term gains. But more people that didnt notice the launch would like to be shareholders... If the initial shareholders would cash out some of their coins, making like 5x profit or so, that would actually be a good thing. They can still remain to be a shareholder, just not with a bit smaller shares compared to what they have now. I think it would make the community grow largers which is better for realizing longer term goals and succes.
A decent volume of trade is taking place in poloniex, our 1st centralised exchange. But, XCP community wants to build the trades in distributed exchange. Also, many people burnt through blockchain.info. Most of them are waiting for webwallet to trade easily, as importing the private key and selling through counterpartyd seems too techy, atleast for me.
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heskey
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February 17, 2014, 02:18:18 PM |
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Is this a fair calculation?
(1000+1500)/2 = 1250 0.0008 * 1250 = 1 0.0008 * 2648756 ~ 2119 2119 * 650 = 1377350
Initial marketcap: $1,377,350
I wish I would have burned a bitcoin or two...
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Anotheranonlol
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February 17, 2014, 02:22:07 PM Last edit: February 17, 2014, 02:40:17 PM by Anotheranonlol |
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Yeah i know, you dont want to be in it for short-term gains. But more people that didnt notice the launch would like to be shareholders... If the initial shareholders would cash out some of their coins, making like 5x profit or so, that would actually be a good thing. They can still remain to be a shareholder, just not with a bit smaller shares compared to what they have now. I think it would make the community grow largers which is better for realizing longer term goals and succes.
You know you can buy 'shares' from 'shareholders' right? But just with any investment vehicle original shareholders need to have an incentive to sell. Buyers need an incentive to buy and you meet in the middle somewhere.. The ones selling ~1 month after investment are short-term speculators. as well as traders capitalising on cycles to increase their holdings, which in crypto world generally begins with a premature boost. Of course there will be some who are not so savvy and never installed counterparty till now, who will likely sell some of their XCP on release of a noob friendly web-wallet, satisfied with the gains already. At the same time release of such wallets would drive up interest considerably. we are in the infancy of this project, and there's a hell of a lot more to come. Is this a fair calculation?
(1000+1500)/2 = 1250 0.0008 * 1250 = 1 0.0008 * 2648756 ~ 2119 2119 * 650 = 1377350
Initial marketcap: $1,377,350
I wish I would have burned a bitcoin or two...
About the shareholders, If you were to compare proportionate distribution to NXT for example. XCP had a much broader range of initial stakeholders. ( NXT raised just 23btc between ~70 unique addresses, yet has grown to a current market cap of 94,554 BTC.!. whilst XCP raised around 100x the amount. 2,000+btc from ~2,539 unique addresses. Yet less than 1/3 market cap currently and a lot of room for growth. Even with, for example Ultracoin, a relatively lacklustre qt copy paste, few tweaked paramaters, premine. you know the drill.. you could of made such gains. I'm hesistant to talk about gains because I really think it distracts from the point of this and not fair to compare exciting protocol layer which fill a real gap and provide real utility with dogcoin or frogcoin or squirrelcoin latest meme to earn free gpu after 2 months. these decentralized solution to centralised problem are not just a quick chance to flip & make some cash. The distribution was fair, open and transparent and anybody who beleived in potential. understood fundamentals, saw the code could of invested, just as they could in bitcoin in 2009,2010,2011,etc and accordingly kick themself retrospectively, well there is always equivalent risk. This protocol has real merit, real innovation, real community behind it. so I wouldn't be surprised to see many who is not planning to sell any part of there stake any time soon. I Personally haven't got a desire to sell anything until 12 months or so as a minimum, regardless of the price fluctuation's that'll occur during the period, but could be open to offering up some portion as independent bounties and would prefer to use it directly into the xcp ecosystem
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nakaone
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February 17, 2014, 02:24:39 PM |
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Guys
it is still ultra early days, but one thing we should keep in mind and adopt from other succesfull communities like nxt or even doge is that in order to be succesfull we need to
DONATE
I just reviewed the official donation adress 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs and saw that there is still only little donations.
When I burnt my BTC, I decided to give around 10% of my account for donation, I will do that for an entire year, so I send some XCP today for development. The next XCP I'll send in a month
IF EVERY BURNER SPENDS A LITTLE AMOUNT OF HIS BURNINGS TO DEVELOPMENT THIS WILL BE AN EXTREMELY SUCCESSFULL PROJECT, THIS IS ESPECIALLY TRUE FOR THE GUYS LIKE ME WHO ARE NOT SOFTWARE DEVELOPERS
in a month or two the same holds true for the early adopters who buy some xcp now.
I think after all we have seen until now we can trust the developers, they did a great, almost perfect job until now and they are as well as most burners and early adopters interested in the long term success of the project.
DONATE 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs
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Tirapon
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February 17, 2014, 02:33:50 PM |
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Anyone able to help with something: How to create XCP transactions using Armory?
Is there a way of manually entering an unsigned transaction (created by the counterparty software), in such a way as that Armory will recognise it and allow me to sign it offline?
Thanks.
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Anotheranonlol
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February 17, 2014, 03:09:45 PM |
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to see the balance of address try to issue: counterpartyd balances 14RAyA4JabgVftF1ezKQqUkaQi8iaPqX9K
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hill
Member
Offline
Activity: 68
Merit: 10
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February 17, 2014, 03:25:12 PM Last edit: November 16, 2014, 04:10:13 PM by hill |
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XCP is not another altcoin. The key is to improve the Dex. Without a working reliable DEX, put it on more exchanges is just a pump and dump. It may make the early investors rich quickly, but never a real success. For those who have tens of thousands of XCP, I don't think you can liquidate all you holding by just pump and dump. A real DEX is a must.
I agree, its too early to list on a bunch of centralized exchanges, and that's really not the goal of the project anyways. Totally agree!
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Good Luck For Everyone!
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ddink7
Legendary
Offline
Activity: 1120
Merit: 1000
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February 17, 2014, 04:16:14 PM |
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XCP is not another altcoin. The key is to improve the Dex. Without a working reliable DEX, put it on more exchanges is just a pump and dump. It may make the early investors rich quickly, but never a real success. For those who have tens of thousands of XCP, I don't think you can liquidate all you holding by just pump and dump. A real DEX is a must.
I agree, its too early to list on a bunch of centralized exchanges, and that's really not the goal of the project anyways. totally agree! Agreed as well. The DEX is the be-all-end-all of Counterparty. Without it, we're just another alt coin. That being said, we also need to attract attention to the protocol. History is replete with examples of great innovations that have fallen into the dustbin because they failed to gain a critical mass. I think we need to balance the two sides of the publicity coin...slow so as not to outpace development but somewhat fast so as to gain enough attention to keep the project in people's minds.
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qtgwith
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February 17, 2014, 04:18:15 PM |
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Guys
it is still ultra early days, but one thing we should keep in mind and adopt from other succesfull communities like nxt or even doge is that in order to be succesfull we need to
DONATE
I just reviewed the official donation adress 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs and saw that there is still only little donations.
When I burnt my BTC, I decided to give around 10% of my account for donation, I will do that for an entire year, so I send some XCP today for development. The next XCP I'll send in a month
IF EVERY BURNER SPENDS A LITTLE AMOUNT OF HIS BURNINGS TO DEVELOPMENT THIS WILL BE AN EXTREMELY SUCCESSFULL PROJECT, THIS IS ESPECIALLY TRUE FOR THE GUYS LIKE ME WHO ARE NOT SOFTWARE DEVELOPERS
in a month or two the same holds true for the early adopters who buy some xcp now.
I think after all we have seen until now we can trust the developers, they did a great, almost perfect job until now and they are as well as most burners and early adopters interested in the long term success of the project.
DONATE 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs
Support. I have donated some earlier. I will continue to donate some.
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cosmofly
Full Member
Offline
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
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February 17, 2014, 04:23:26 PM |
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i think the following are the big mistakes this greedy community did:
1. You were all too greedy and tried to overprice this coin from the start 2. You should've waiting till a stable GUI client released before even thinking of launching on exchanges 3. No one bothered to donate to dev, so they r broke now 4. You got greedy
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Patel
Legendary
Online
Activity: 1321
Merit: 1007
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February 17, 2014, 04:31:50 PM |
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Devs are self sufficient, if they need donations, they can always ask for them and people will donate to them.
The donation addresses are for bounties anyways.
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nakaone
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February 17, 2014, 04:39:30 PM |
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i think the following are the big mistakes this greedy community did:
1. You were all too greedy and tried to overprice this coin from the start 2. You should've waiting till a stable GUI client released before even thinking of launching on exchanges 3. No one bothered to donate to dev, so they r broke now 4. You got greedy
Yeah let us sell a running version of msc for half of the price.... oh wait. Xcp is an unshaved jewel and it is still early days
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IamNotSure
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February 17, 2014, 04:49:45 PM |
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i think the following are the big mistakes this greedy community did:
1. You were all too greedy and tried to overprice this coin from the start 2. You should've waiting till a stable GUI client released before even thinking of launching on exchanges 3. No one bothered to donate to dev, so they r broke now 4. You got greedy
Indeed, but you can't get greed out of the equation. Every coin, every stock, every asset, every currency has been pumped one day, dumped another by greedy people, manipulators, whatever... At least you should admit that PoB was a nice way to deal with the launch of a something new in this greedy sea of whales, sharkes and littles fishes...
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