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

[Chuck]

... I wonder if it is technically realistic?  How would this solution actually be implemented?  

Hard code into the next version, recognizing an address that PhantomPhreak controls as having a balance of 35,000 XCP on the first block. Then, PhantomPhreak sends this to busoni.  I would think it could be a 1 liner, not too hard?

I would hope that, if this is done, we can also set a date for when this type of fix is permanently "off limits". Maybe 6-12 months from now. In other words, a date where we all agree it is no longer Alpha software, but Beta.

And secondly, raise a pool of funds (controlled by PhantomPhreak?) to have a security audit done by an outside party, before we declare the transition from Alpha to Beta.  I would donate to this and I think many others would too.

[halfcab123]

Can anyone link me to a well tested windows GUI that has setup documentation ?

[Cygnify]

Interesting, not sure how this will be played out, but after investing a sizeable amount into counterparty yesterday would be quite disappointed to lose a decent chunk of my coins as a result of the hack.

Would be a perfect time to get those proof of burn coins out

[IamNotSure]

... I wonder if it is technically realistic?  How would this solution actually be implemented?  

Hard code into the next version, recognizing an address that PhantomPhreak controls as having a balance of 35,000 XCP on the first block. Then, PhantomPhreak sends this to busoni.  I would think it could be a 1 liner, not too hard?

I would hope that, if this is done, we can also set a date for when this type of fix is permanently "off limits". Maybe 6-12 months from now. In other words, a date where we all agree it is no longer Alpha software, but Beta.

And secondly, raise a pool of funds (controlled by PhantomPhreak?) to have a security audit done by an outside party, before we declare the transition from Alpha to Beta.  I would donate to this and I think many others would too.

That's completely defeating the purpose of PoB.

Not Going to Happen.

Busoni is still working a solution, wait for a proposal and then we'll start discussing for a compensation if someone is in the red.

It's in alpha, it is written in red in the first post, these kind of things were going to happen, and might happen again (with a lower probability now)

Personally I've traded a tiny part of my XCP on poloniex, because trading more than 2-3% of your holdings at this stage is foolish. If I lose them because of a bug in the alpha, a hack on an exchange, of whatever, I wouldn't complain.

[ginko-B]

... I wonder if it is technically realistic?  How would this solution actually be implemented?  

Hard code into the next version, recognizing an address that PhantomPhreak controls as having a balance of 35,000 XCP on the first block. Then, PhantomPhreak sends this to busoni.  I would think it could be a 1 liner, not too hard?

I would hope that, if this is done, we can also set a date for when this type of fix is permanently "off limits". Maybe 6-12 months from now. In other words, a date where we all agree it is no longer Alpha software, but Beta.

And secondly, raise a pool of funds (controlled by PhantomPhreak?) to have a security audit done by an outside party, before we declare the transition from Alpha to Beta.  I would donate to this and I think many others would too.

OK, so it sounds technically feasible.

To properly address earlier concerns from halfcab123 and lonsharim (and probably many others), it seems we would need to hold a vote of all XCP holders in order to ensure 51% support prior to instituting such a measure.  Is there an easy way to conduct such a vote?

[halfcab123]

Ok so once Bitcoin QT is done reindexing, I can simply import my private keys and then.. install the counterparty exe file ... and then I can start using counterpartyd from command line and I'm good right ? Nothing else ?

I don't think I quite get the Counterpartyd.conf file...


Bitcoin.conf

Code:

rpcuser=bitcoinrpc
rpcpassword=passwordgoeshere
txindex=1
server=1
daemon=1

Counterpartyd.conf

Code:

[Default]
bitcoind-rpc-connect=localhost
bitcoind-rpc-port=8332
bitcoind-rpc-user=bitcoinrpc
bitcoind-rpc-password=passwordgoeshere
rpc-host=localhost
rpc-port=4000
rpc-user=counterpartyrpc
rpc-password=passwordgoeshere

Is this going to allow counterpartyd.exe to work after reindexing the bitcoin block chain ?
Is there ANYTHING ELSE ? I need to do -___-

[broken_pixel]

Last Price:
0.00000006
 
24 Hour High:
0.00000007
 
24 Hour Low:
0.00000003
 
Trade Volume:
81.675 BTC

Hi wtf is this please?

Buy MINT

Amount:  MINT
Price Per MINT:  BTC
Total: 0.00000008 BTC
Trading Fee: 0.00000000 BTC (0.15%)
Net Total: 0.00000008 BTC

 
Sell MINT

Amount:  MINT
Price Per MINT:  BTC
Total: 0.00000007 BTC
Trading Fee: 0.00000000 BTC (0.15%)
Net Total: 0.00000007 BTC

Top Sell Orders

PRICE (BTC)   MINT   BTC
0.00000008   15879096.44142404   1.27032771
0.00000009   100399834.32158365   9.03598508
0.00000010   60295182.09033094   6.02951821
0.00000011   17786663.24052223   1.95653295
0.00000012   113358603.17418453   13.60303237
0.00000013   8900000.00000000   1.15700000
0.00000014   5525984.97581342   0.77363790
0.00000015   19337585.96288900   2.90063789
0.00000016   3016797.70547100   0.48268763
0.00000018   6048886.08103100   1.08879949
0.00000019   2100000.00000000   0.39900000
0.00000020   30484755.85963410   6.09695117
0.00000022   22000000.00000000   4.84000000
0.00000023   50000.00000000   0.01150000
0.00000024   1583333.00000000   0.37999992
0.00000029   1000000.00000000   0.29000000
0.00000030   1010000.00000000   0.30300000
0.00000034   258239.08900000   0.08780129
0.00000036   290000.00000000   0.10440000
0.00000038   125114.51640000   0.04754352
0.00000040   3500000.00000000   1.40000000
0.00000042   24800.00000000   0.01041600
0.00000044   245880.45550000   0.10818740
0.00000045   2000000.00000000   0.90000000
0.00000050   6832765.18555500   3.41638259
0.00000054   455169.52190040   0.24579155
0.00000055   125516.40000000   0.06903402
0.00000059   33333.00000000   0.01966647
0.00000060   1000000.00000000   0.60000000
0.00000064   42871.00000000   0.02743744
 
Top Buy Orders

PRICE (BTC)   MINT   BTC
0.00000007   30604381.26374600   2.14230668
0.00000006   88950656.88518286   5.33703943
0.00000005   243630292.54116221   12.18151463
0.00000004   554800278.67321744   22.19201117
0.00000003   512389288.13110687   15.37167867
0.00000002   217786334.07154210   4.35572668
0.00000001   81708902.69055445   0.81708902
Recent Market History

TIME   TYPE   PRICE (BTC)   MINT   BTC
2014-02-20 08:54:57   SELL   0.00000007   275.66969400   0.00001930
2014-02-20 08:54:15   BUY   0.00000008   100.00000000   0.00000800
2014-02-20 08:52:52   SELL   0.00000007   6066.26998300   0.00042464
2014-02-20 08:49:04   BUY   0.00000008   236350.34947579   0.01890803
2014-02-20 08:47:56   SELL   0.00000007   1300.00000000   0.00009100
2014-02-20 08:47:23   SELL   0.00000007   1301.52605400   0.00009111
2014-02-20 08:47:19   SELL   0.00000007   1800.00000000   0.00012600
2014-02-20 08:46:36   SELL   0.00000007   200.00000000   0.00001400
2014-02-20 08:43:12   BUY   0.00000008   37618291.09488717   3.00946329
2014-02-20 08:43:12   BUY   0.00000008   500000.00000000   0.04000000
2014-02-20 08:43:12   BUY   0.00000008   20000000.00000000   1.60000000
2014-02-20 08:43:12   BUY   0.00000008   438214.00000000   0.03505712
2014-02-20 08:43:12   BUY   0.00000008   89181.34147900   0.00713451
2014-02-20 08:43:12   BUY   0.00000008   5186329.00000000   0.41490632
2014-02-20 08:43:12   BUY   0.00000008   3000000.00000000   0.24000000
2014-02-20 08:43:12   BUY   0.00000008   1000000.00000000   0.08000000
2014-02-20 08:43:12   BUY   0.00000008   500000.00000000   0.04000000
2014-02-20 08:43:11   BUY   0.00000008   1345985.51361700   0.10767884
2014-02-20 08:43:11   BUY   0.00000008   5000.00000000   0.00040000
2014-02-20 08:43:11   BUY   0.00000008   10000.00000000   0.00080000
2014-02-20 08:43:11   BUY   0.00000008   2000002.00000000   0.16000016
2014-02-20 08:43:11   BUY   0.00000008   200000.00000000   0.01600000
2014-02-20 08:43:11   BUY   0.00000008   869952.21453534   0.06959618
2014-02-20 08:43:11   BUY   0.00000008   22714795.40386100   1.81718363
2014-02-20 08:43:11   BUY   0.00000008   9530.41263900   0.00076243
2014-02-20 08:43:11   BUY   0.00000008   489999.99999998   0.03920000
2014-02-20 08:43:11   BUY   0.00000008   2000000.00000000   0.16000000
2014-02-20 08:43:11   BUY   0.00000008   5490.26650300   0.00043922
2014-02-20 08:43:11   BUY   0.00000008   627615.41021801   0.05020923
2014-02-20 08:43:11   BUY   0.00000008   50000.00000000   0.00400000

[halfcab123]

... I wonder if it is technically realistic?  How would this solution actually be implemented?  

Hard code into the next version, recognizing an address that PhantomPhreak controls as having a balance of 35,000 XCP on the first block. Then, PhantomPhreak sends this to busoni.  I would think it could be a 1 liner, not too hard?

I would hope that, if this is done, we can also set a date for when this type of fix is permanently "off limits". Maybe 6-12 months from now. In other words, a date where we all agree it is no longer Alpha software, but Beta.

And secondly, raise a pool of funds (controlled by PhantomPhreak?) to have a security audit done by an outside party, before we declare the transition from Alpha to Beta.  I would donate to this and I think many others would too.

OK, so it sounds technically feasible.

To properly address earlier concerns from halfcab123 and lonsharim, I think we would need to hold a vote of all XCP holders in order to ensure 51% support prior to instituting such a measure.  Is there an easy way to conduct such a vote?

I hope there's a feasible way to organize it. I wonder if we can organize a trustless vote through Counterparty protocol.. SOmething like that possible ?

[halfcab123]

Last Price:
0.00000006
 
24 Hour High:
0.00000007
 
24 Hour Low:
0.00000003
 
Trade Volume:
81.675 BTC

Hi wtf is this please?

Buy MINT

Amount:  MINT
Price Per MINT:  BTC
Total: 0.00000008 BTC
Trading Fee: 0.00000000 BTC (0.15%)
Net Total: 0.00000008 BTC

 
Sell MINT

Amount:  MINT
Price Per MINT:  BTC
Total: 0.00000007 BTC
Trading Fee: 0.00000000 BTC (0.15%)
Net Total: 0.00000007 BTC

Top Sell Orders

PRICE (BTC)   MINT   BTC
0.00000008   15879096.44142404   1.27032771
0.00000009   100399834.32158365   9.03598508
0.00000010   60295182.09033094   6.02951821
0.00000011   17786663.24052223   1.95653295
0.00000012   113358603.17418453   13.60303237
0.00000013   8900000.00000000   1.15700000
0.00000014   5525984.97581342   0.77363790
0.00000015   19337585.96288900   2.90063789
0.00000016   3016797.70547100   0.48268763
0.00000018   6048886.08103100   1.08879949
0.00000019   2100000.00000000   0.39900000
0.00000020   30484755.85963410   6.09695117
0.00000022   22000000.00000000   4.84000000
0.00000023   50000.00000000   0.01150000
0.00000024   1583333.00000000   0.37999992
0.00000029   1000000.00000000   0.29000000
0.00000030   1010000.00000000   0.30300000
0.00000034   258239.08900000   0.08780129
0.00000036   290000.00000000   0.10440000
0.00000038   125114.51640000   0.04754352
0.00000040   3500000.00000000   1.40000000
0.00000042   24800.00000000   0.01041600
0.00000044   245880.45550000   0.10818740
0.00000045   2000000.00000000   0.90000000
0.00000050   6832765.18555500   3.41638259
0.00000054   455169.52190040   0.24579155
0.00000055   125516.40000000   0.06903402
0.00000059   33333.00000000   0.01966647
0.00000060   1000000.00000000   0.60000000
0.00000064   42871.00000000   0.02743744
 
Top Buy Orders

PRICE (BTC)   MINT   BTC
0.00000007   30604381.26374600   2.14230668
0.00000006   88950656.88518286   5.33703943
0.00000005   243630292.54116221   12.18151463
0.00000004   554800278.67321744   22.19201117
0.00000003   512389288.13110687   15.37167867
0.00000002   217786334.07154210   4.35572668
0.00000001   81708902.69055445   0.81708902
Recent Market History

TIME   TYPE   PRICE (BTC)   MINT   BTC
2014-02-20 08:54:57   SELL   0.00000007   275.66969400   0.00001930
2014-02-20 08:54:15   BUY   0.00000008   100.00000000   0.00000800
2014-02-20 08:52:52   SELL   0.00000007   6066.26998300   0.00042464
2014-02-20 08:49:04   BUY   0.00000008   236350.34947579   0.01890803
2014-02-20 08:47:56   SELL   0.00000007   1300.00000000   0.00009100
2014-02-20 08:47:23   SELL   0.00000007   1301.52605400   0.00009111
2014-02-20 08:47:19   SELL   0.00000007   1800.00000000   0.00012600
2014-02-20 08:46:36   SELL   0.00000007   200.00000000   0.00001400
2014-02-20 08:43:12   BUY   0.00000008   37618291.09488717   3.00946329
2014-02-20 08:43:12   BUY   0.00000008   500000.00000000   0.04000000
2014-02-20 08:43:12   BUY   0.00000008   20000000.00000000   1.60000000
2014-02-20 08:43:12   BUY   0.00000008   438214.00000000   0.03505712
2014-02-20 08:43:12   BUY   0.00000008   89181.34147900   0.00713451
2014-02-20 08:43:12   BUY   0.00000008   5186329.00000000   0.41490632
2014-02-20 08:43:12   BUY   0.00000008   3000000.00000000   0.24000000
2014-02-20 08:43:12   BUY   0.00000008   1000000.00000000   0.08000000
2014-02-20 08:43:12   BUY   0.00000008   500000.00000000   0.04000000
2014-02-20 08:43:11   BUY   0.00000008   1345985.51361700   0.10767884
2014-02-20 08:43:11   BUY   0.00000008   5000.00000000   0.00040000
2014-02-20 08:43:11   BUY   0.00000008   10000.00000000   0.00080000
2014-02-20 08:43:11   BUY   0.00000008   2000002.00000000   0.16000016
2014-02-20 08:43:11   BUY   0.00000008   200000.00000000   0.01600000
2014-02-20 08:43:11   BUY   0.00000008   869952.21453534   0.06959618
2014-02-20 08:43:11   BUY   0.00000008   22714795.40386100   1.81718363
2014-02-20 08:43:11   BUY   0.00000008   9530.41263900   0.00076243
2014-02-20 08:43:11   BUY   0.00000008   489999.99999998   0.03920000
2014-02-20 08:43:11   BUY   0.00000008   2000000.00000000   0.16000000
2014-02-20 08:43:11   BUY   0.00000008   5490.26650300   0.00043922
2014-02-20 08:43:11   BUY   0.00000008   627615.41021801   0.05020923
2014-02-20 08:43:11   BUY   0.00000008   50000.00000000   0.00400000

How is this relevant to counterparty and if it is not relevant how is this not spam ?

[ginko-B]

Busoni is still working a solution, wait for a proposal and then we'll start discussing for a compensation if someone is in the red.

Agreed.

That's completely defeating the purpose of PoB.

How so?

[broken_pixel]

 
PPLNS Target   79223
 
Round Shares Submitted shares since last found block (ie. round shares)
Est. Shares   79,052 (done: 118.58%)
Pool Valid   93,737
Your Valid   448
Pool Invalid   1,829 (1.91%)
Your Invalid   0 (0.00%)
 
MNT Estimates
Block   955.86588007
Fees   9.55865880
Donation   0.00000000
Payout   946.30722127
 
Network Info
Difficulty   19.29974554
Est Next Difficulty   21.16864877 (Change in 1846 Blocks)
Est. Avg. Time per Block   0 minutes 30 seconds
Current Block   38477

[broken_pixel]

oops posted into the damn ether man.

[SyRenity]

That's completely defeating the purpose of PoB.

Not Going to Happen.

Busoni is still working a solution, wait for a proposal and then we'll start discussing for a compensation if someone is in the red.

It's in alpha, it is written in red in the first post, these kind of things were going to happen, and might happen again (with a lower probability now)

Personally I've traded a tiny part of my XCP on poloniex, because trading more than 2-3% of your holdings at this stage is foolish. If I lose them because of a bug in the alpha, a hack on an exchange, of whatever, I wouldn't complain.

What about simply for the community agreeing for temporary high fees on Poloniex, until Busoni recovers the lost?
For example - 5% (instead of previous lower fee). This will motivate other exchanges to join, and fairly distribute the fee (the higher you hold and trade, the higher you pay).

[IamNotSure]

That's completely defeating the purpose of PoB.

How so?

We've burned BTC to get a fixed amount of XCP. Issuing more XCP would make counterparty based on a lie.

That's why I think it's not gonna happen, it's completely on the opposite of (what appears to be) the philosophy of the devs.

Please, why don't everybody wait for the smoke to clears out and then we'll discuss. I've not lost a penny in this, but I'll stick together with the community if a bounty/ compensation fund or whatever clever decision is made.

[roede94105]

Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance

[Matt Y]

Speaking only for myself, I agree creating more XCP is not a solution.

This whole situation, while unfortunate, has been handled well and I assume that will continue to be the case. That the Buy/Sell thread did not see a huge influx of panic selling was both surprising and impressive. The security issue has been fixed and the utility of the protocol remains intact. I don't see any other possible course of action other than waiting it out until more information is available. Namely, what the hacker decides to do and what busoni proposes.

[dhanumitra]

Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance

50-50

[roede94105]

Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance

50-50
[/quote

Really? I mean, my xcp did not move from poloniex, they just down the xcp market but they are still in their systems.
What would justify not giving them back?
Sorry for my noobish questions

[led_lcd]

That's completely defeating the purpose of PoB.

How so?

We've burned BTC to get a fixed amount of XCP. Issuing more XCP would make counterparty based on a lie.

That's why I think it's not gonna happen, it's completely on the opposite of (what appears to be) the philosophy of the devs.

Please, why don't everybody wait for the smoke to clears out and then we'll discuss. I've not lost a penny in this, but I'll stick together with the community if a bounty/ compensation fund or whatever clever decision is made.

I agree and IMO creating more XCP would be a contradiction of proof of burn.

I had XCP and buy orders on Poloniex. I will wait until things settle down.

Safe to say though that recovery rate won't be 100%.

[freedomfighter]

Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance

50-50
[/quote

Really? I mean, my xcp did not move from poloniex, they just down the xcp market but they are still in their systems.
What would justify not giving them back?
Sorry for my noobish questions

you shouldnt be affected