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

[freedomfighter]

When do we expect a simple non-technical person's GUI that will allow access to the burned XCPs without having to run a command line?

[ddink7]

When do we expect a simple non-technical person's GUI that will allow access to the burned XCPs without having to run a command line?

I was just wondering the same thing. I think you and I may have to wait for the web wallet =(

[metraX]

The amount of BTC owed to people is recorded, and I will pay it off gradually, starting with the 35 BTC left behind by the hacker.

busoni, an idea, for transparency, Please publish a list of users with stolen BTC and how much they are missing!
So we can verify you are "on the same page" and everyone know what is going on.

To protect privacy you can post SHA256 of their email along with Amount BTC lost,

So for example my email was "test@example.com" I could go to www.xorbin.com/tools/sha256-hash-calculator
and figure out my hash, then find on list:

user hash / amount btc missing due to hacker:

973dfe463ec85785f5f95af5ba3906eedb2d931c24e69824a89ea65dba4e813b     3.2 BTC

Again, so we see you have us listed, how much is lost. And also everyone sees progress, maybe post weekly update. it is "too abstract" now not transparent enough. Thank you. I know you are frustrated and trying your best, you have all my sympathy!

[ddink7]

Just did a test transaction...sell of 5.75 XCP...works like a charm! Awesome work devs and Busoni!

[gitinahang]

someone explain why and when a normal person off the street will use counterparty.

Thanks.

They won't. This isn't dogecoin. Nobody will be able to buy a sandwich with xcp. XCP is used for decentralized trading, DACs, Betting, Contracts,
IPOs, Dividend payments wall st stuffs

[frozen123]

hi busoni  can you  consider this suggestion: all the accounts should be unsuspended(group of people assume all the liability of the entire incident), with limitations placed on withdrawls, but allowing them to view all the information and trade . that also increase the income to you website from trading fee

i think this solution can make those  suspended account more active and contribute more fees.

[xnova]

Developers: The API has changed a decent amount in the newest updates to the develop branch. This includes several enhancements, function name changes, changes in semantics, etc.

Please check out the updated API documentation at: http://counterpartyd.readthedocs.org/en/develop/API.html

[hamiltino]

someone explain why and when a normal person off the street will use counterparty.

Thanks.

They won't. This isn't dogecoin. Nobody will be able to buy a sandwich with xcp. XCP is used for decentralized trading, DACs, Betting, Contracts,
IPOs, Dividend payments wall st stuffs

I thought that was what mastercoin did 

[Bountyful]

Developers: The API has changed a decent amount in the newest updates to the develop branch. This includes several enhancements, function name changes, changes in semantics, etc.

Please check out the updated API documentation at: http://counterpartyd.readthedocs.org/en/develop/API.html

When will these changes be pushed to master? They appear very comprehensive.
EDIT: It appears they are already in v6.1.

[led_lcd]

someone explain why and when a normal person off the street will use counterparty.

Thanks.

They won't. This isn't dogecoin. Nobody will be able to buy a sandwich with xcp. XCP is used for decentralized trading, DACs, Betting, Contracts,
IPOs, Dividend payments wall st stuffs

I thought that was what mastercoin did 

Some of the more advanced use cases for XCP will be targetting Wall St and institutional investors. However, for the small investor, XCP offers trustless betting, spread betting, ownership of shares in assets. You can also use XCP to protect yourself say in the value of BTC going down against USD. Who wouldn't want that?

Regarding the overlap of functionality between Mastercoin and Counterparty, that is where the similarity starts and ends. Counterparty is here developed for the community. Not to line the pockets of the developers. Read about how Mastercoin inflates their currency to 'pay the developers'. Read how the developers of Counterparty are funding everything themselves and not asking for a handout.

[lonsharim]

Its commendable that the community does not mind higher trading charges on the centralized exchange Poloniex to help Busoni recover some of the lost BTC.

The community largely consists of people already sold on the virtues of XCP, many of whom have participated in PoB and the rest have joined in shortly. Charging them 2.5% for their sell orders is perfectly fine because they understand the project, its protocol exploit issue that caused the mayhem and the loss it caused and as a community it seems the best way to help recoup losses.

However, I believe those joining the community have neither the involvement nor the understanding of the community. Therefore they are less likely to be sympathetic and pay a hefty commission to buy some XCP.

This will result in
1. Lower trade volumes @ Poloniex (we averaged 200+ BTC a day before the exploit)
2. Once the GUI wallet is stable result in better volume on the DEX.

I really hope this works out for Poloniex, they have maybe 1 or 2 weeks before gui wallets are more stable to use and a web wallet is out. If 2.5% does not work then maybe lower to 1% or charge 2.5% to sellers and not the buyers.

[halfcab123]

Who still needs help setting up counterpartyd ? I'm 100% trustworthy and willing to help

[flatfly]

Self-contained Windows builds for the JahPowerBit GUI client can be found in this thread:

https://forums.counterparty.co/index.php?topic=74.15

Note that they are still in alpha. I would greatly appreciate your feedback (especially, does it install properly on 64-bit Windows? No DLL errors?) so I can improve future builds.

[mtbitcoin]

Developers: The API has changed a decent amount in the newest updates to the develop branch. This includes several enhancements, function name changes, changes in semantics, etc.

Please check out the updated API documentation at: http://counterpartyd.readthedocs.org/en/develop/API.html

So it looks like a database rebuild is required for the develop commit?

[zhaochong]

How's going on with online wallet?

[cityglut]

How's going on with online wallet?

xnova plans to release Counterwallet on testnet in about a week. We are then hoping to have at least two weeks of (extensive) testing on testnet.

[qtgwith]

How's going on with online wallet?

xnova plans to release Counterwallet on testnet in about a week. We are then hoping to have at least two weeks of (extensive) testing on testnet.

Excited for this good news.

[nakaone]

is there a new send command - the one in the explanation of 520Bit is not working for me any more


C:\Users\xxx>counterpartyd send --from=xxxx--to=
15buRLRW47AY9Md3mpFj17Yp6w4BtfMRjc --quantity=5 --asset=XCP

C:\Users\xxxx>echo off
usage: counterpartyd send [-h] --source SOURCE --destination DESTINATION
                          --quantity QUANTITY --asset ASSET
counterpartyd send: error: argument --source is required

[peled1986]

is there a new send command - the one in the explanation of 520Bit is not working for me any more


C:\Users\xxx>counterpartyd send --from=xxxx--to=
15buRLRW47AY9Md3mpFj17Yp6w4BtfMRjc --quantity=5 --asset=XCP

C:\Users\xxxx>echo off
usage: counterpartyd send [-h] --source SOURCE --destination DESTINATION
                          --quantity QUANTITY --asset ASSET
counterpartyd send: error: argument --source is required

change the word from for the word source
change the word to for the word destination

[brenzi]

I'm glad to see the first DEX in action, but I'm slightly disappointed by how it is done right now.

Especially the fee-policy seems strange to me. It can't be that a DEX is much more expensive than a centralized one. I see the need for trolling prevention, but what's the point of having a troll-free DEX that is not used because it's too expensive? There is one fundamental problem if users can set the fee required when placing an offer: The market does not necessarily converge to one price. There might be one price for low fees and another for high fees. this makes the whole thing very complicated to use.

And the following DEX features are lacking (or please point me to the docs if I'm not up to date):

• minimum match quantity should be selectable when placing an offer. If I want to sell 100x<asset> I might not want to to have 100 trades of 1x<asset>, especially if the process is not automized
• multisig escrow solution. Trading XCP/BTC is ok now because both are built on top of the same blockchain and the protocol can act as the escrow. But If I would like to trade PPC for BTC, how would that work trustlessly?

However: keep going on, the bleeding edge of crypto is exciting....