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

[canth]

I'm not sure where the 2.5% trading fee is coming from but I don't see that's a problem at this early stage. If that's far beyond other coins or exchanges, then obviously it's to be expect you might adjust that to match later on.

I'd prefer seeing XCP back on Poloniex asap. I'm keen to double down having seen the devs and community work through such an issue so well.

I'd agree - the 2.5% trading fee is preferable as a voluntary 'tax' on those wishing to trade on a centralized exchange for the next few months. It's also not all that burdensome to anyone except the highly speculative traders.

As others have mentioned I believe there's some shared responsibility between the devs, the community and Poloniex for the loss. Poloniex is partly responsible since any exchange that allows for a full hotwallet withdrawal will inevitably end up with a loss that might have been preventable. The devs have contributed, the community will contribute and I'd like to see Busoni forgive a percentage of what was lost.

The devs, most of the community and Busoni have done well to stay calm and work through this minor debacle. Once I get access to the XCP I've got at Poloniex, I'll be kicking in a donation. It's alpha code - that means that for everyone except the most intrepid, keep most (or all) of your XCP off an exchange.

[led_lcd]

To be honest, I'm quite surprised and delighted at how everyone is taking this and handling it. I was half-expecting all hell to break loose when I said that we're going to have to assume the BTC is lost for now. Someone asked which address contains the 115 BTC the hacker took. You can see everything here: https://blockchain.info/address/134V1Rt8tBtz7RuydzBtvfuNNfyHmDCHSp

Two questions for the community:

1. 2.5% trading fee? That's huge--is everyone really okay with this? It would only apply to BTC/XCP.

2. I feel that getting the exchange back up soon is a good idea, so we can start to put this behind us. But someone has suggested waiting a few weeks. Which one do people favor? New security measures on Poloniex will prevent a similar exploit from having any impact, although if the XCP were stolen from a place other than Poloniex and put into Poloniex, a person could still get away with it, provided they made deposits gradually. There is also a 50 BTC minimum daily withdrawal.

We'll leave the decision regarding trading fees to you. A high trading fee may dissuade people to trade so it might be counterproductive.

I know you are busy. When you have re-instated trading, please send me a PM. I'm happy to write down 50% of my losses.

[busoni]

I have just distributed the 35 BTC (actually it was 34.something) to those who have lost BTC. Everyone who had lost BTC now has about 23% of it returned to them.

As soon as I implement the boosted trading fee for XCP, I'll put the market back up.

[shadypepe]

I have just distributed the 35 BTC (actually it was 34.something) to those who have lost BTC. Everyone who had lost BTC now has about 23% of it returned to them.

As soon as I implement the boosted trading fee for XCP, I'll put the market back up.

what about xcp balances on poloniex once trading is resumed? are they lost? i invested 2 days before this thing went on because i thought the idea is revolutionary. now the whole investment is gone?

[TheMightyX]

I have just distributed the 35 BTC (actually it was 34.something) to those who have lost BTC. Everyone who had lost BTC now has about 23% of it returned to them.

As soon as I implement the boosted trading fee for XCP, I'll put the market back up.

what about xcp balances on poloniex once trading is resumed? are they lost? i invested 2 days before this thing went on because i thought the idea is revolutionary. now the whole investment is gone?

Don't be so dramatic.
As you may have read over the past million pages the community is working on returning those funds.
One way or another you will get your funds back.
Some are already started working on recovering those funds via different methods.

[supervine]

XCP balances should be OK. Poloniex have almost all XCP it shoud have, so you'll get your XCP balance as it was before the BIG sale.

[busoni]

XCP balances will remain.

[shadypepe]

I have just distributed the 35 BTC (actually it was 34.something) to those who have lost BTC. Everyone who had lost BTC now has about 23% of it returned to them.

As soon as I implement the boosted trading fee for XCP, I'll put the market back up.

what about xcp balances on poloniex once trading is resumed? are they lost? i invested 2 days before this thing went on because i thought the idea is revolutionary. now the whole investment is gone?

Don't be so dramatic.
As you may have read over the past million pages the community is working on returning those funds.
One way or another you will get your funds back.
Some are already started working on recovering those funds via different methods.

not really being dramatic. just want to know whats going on with my money. so if i bought xcp at any point at poloniex some unidentified hacker stole those xcp?

[busoni]

Okay, BTC/XCP market is back up: https://poloniex.com/exchange/btc_xcp

[ddink7]

I have just distributed the 35 BTC (actually it was 34.something) to those who have lost BTC. Everyone who had lost BTC now has about 23% of it returned to them.

As soon as I implement the boosted trading fee for XCP, I'll put the market back up.

what about xcp balances on poloniex once trading is resumed? are they lost? i invested 2 days before this thing went on because i thought the idea is revolutionary. now the whole investment is gone?

Don't be so dramatic.
As you may have read over the past million pages the community is working on returning those funds.
One way or another you will get your funds back.
Some are already started working on recovering those funds via different methods.

not really being dramatic. just want to know whats going on with my money. so if i bought xcp at any point at poloniex some unidentified hacker stole those xcp?

Nope. Read the thread.

[qtgwith]

Good news! XCP trade on poloniex comes back now. https://www.poloniex.com/exchange/btc_xcp

[roede94105]

Okay, BTC/XCP market is back up: https://poloniex.com/exchange/btc_xcp

Since I got my XCPs back, I'll make some additional transactions to proc the fees.
Respect for this community, these devs, and busoni.

[cris1987]

im buying XCP if someone want to sell send PM

[qtgwith]

Thanks very much to devs,busoni,and all members in Counterpart community!

[DaFockBro]

Okay, BTC/XCP market is back up: https://poloniex.com/exchange/btc_xcp

Awesome, thanks man.  It should only take a couple months to recoup the lost BTC with a 2.5% trading fee.

[flayway]

Thanks busoni make it up again. Now everyone can donate who said donate when polo is back up so we dont need have too long big fee and scary new buyers out

[zhaochong]

Thanks very much for busoni, the way of solving this problem shows power!

[frozen123]

Problem solved thanks busoni

[kdrop22]

As a vote of confidence, I am leaving my XCP on Poloniex.

[ddink7]

As soon as Poloniex reopened, XCP reappeared on coinmarketcap!