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heskey
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March 02, 2014, 01:43:08 AM |
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I have a feeling that the Mt.Gox scandal will have a positive effect on this coin!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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grandpa_seth
Sr. Member
 Offline
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
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March 02, 2014, 02:06:40 AM |
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Announcement: Counterparty's weekly blog is live! We will be writing a blog post every week, collating the most important information, so that the community does not have to sift through pages of forum threads to stay up-to-date. The blog will focus on developments within the Counterparty project and community. Topics may include: significant updates to the reference client, announcement of bounties, interesting uses of the Counterparty protocol, as well as new collaborative efforts with members in- and outside the digital currency community. On that note, in the first blog post, we announce that the Counterparty team has hired two Bitcoin security experts to audit Counterparty's code! For further information, continue reading here: https://counterparty.co/news/. Cross-posted from the "blog thread" on the official Counterparty forums. I swear to frikkin gawd you, xnova and phantom make me feel warm, toasty and safe inside my blankie. You are the most professional and foresighted devs on the planet. |
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frozen123
Member
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Activity: 74
Merit: 10
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March 02, 2014, 03:27:48 AM
Last edit: March 02, 2014, 03:38:37 AM by frozen123 |
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exciting news ! Was that blog written by Matt Y?
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havoc117
Newbie
Offline
Activity: 24
Merit: 0
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March 02, 2014, 06:51:20 AM |
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need xcp faucet  |
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ripplebtc
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March 02, 2014, 07:21:26 AM |
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need xcp faucet Good idea!  |
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RoxxR
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March 02, 2014, 09:02:02 AM |
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Sorry if this is a dumb question, but how come blockscan now says: Total XCP Supply: 2,648,735.92 Why the 20 XCP difference? |
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lonsharim
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March 02, 2014, 09:27:25 AM |
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Sorry if this is a dumb question, but how come blockscan now says: Total XCP Supply: 2,648,735.92 Why the 20 XCP difference? Presumably 4 Assets have been created and 4x5 XCP burnt in the process of creating these assets. |
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lonsharim
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March 02, 2014, 10:36:06 AM |
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Announcement: Counterparty's weekly blog is live! We will be writing a blog post every week, collating the most important information, so that the community does not have to sift through pages of forum threads to stay up-to-date. The blog will focus on developments within the Counterparty project and community. Topics may include: significant updates to the reference client, announcement of bounties, interesting uses of the Counterparty protocol, as well as new collaborative efforts with members in- and outside the digital currency community. On that note, in the first blog post, we announce that the Counterparty team has hired two Bitcoin security experts to audit Counterparty's code! For further information, continue reading here: https://counterparty.co/news/. Cross-posted from the "blog thread" on the official Counterparty forums. I thought Sergio sounded very familiar and then I remembered. Sergio was one of the first to point flaws on Ethereum's Dagger PoW function. I remember this being a talking point during the huge Ethereum focus and hype in January. Great to see Sergio's involvement. Khudos to the dev team. |
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mtbitcoin
Legendary
Offline
Activity: 876
Merit: 1000
Etherscan.io
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March 02, 2014, 12:22:51 PM |
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Sorry if this is a dumb question, but how come blockscan now says: Total XCP Supply: 2,648,735.92 Why the 20 XCP difference? The difference is from the Asset Issuance fees. From what I understand it was supposed to be 5 XCP per asset issuance but there was a bug in the calculation (which I already reported very much earlier) which only deducted the divisible amount instead of a full 5 XCP. |
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mtbitcoin
Legendary
Offline
Activity: 876
Merit: 1000
Etherscan.io
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March 02, 2014, 12:25:31 PM |
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Announcement: On that note, in the first blog post, we announce that the Counterparty team has hired two Bitcoin security experts to audit Counterparty's code! For further information, continue reading here: https://counterparty.co/sergio-lerner-peter-todd. +1 Thumbs up. |
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halfcab123
Full Member
Offline
Activity: 224
Merit: 100
CabTrader v2 | crypto-folio.com
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March 02, 2014, 01:52:55 PM |
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Announcement: On that note, in the first blog post, we announce that the Counterparty team has hired two Bitcoin security experts to audit Counterparty's code! For further information, continue reading here: https://counterparty.co/sergio-lerner-peter-todd. +1 Thumbs up. That is very exciting |
DayTrade with less exposure to risk, by setting buy and sell spreads with CabTrader v2, buy now @ crypto-folio.com
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Bountyful
Newbie
Offline
Activity: 45
Merit: 0
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March 02, 2014, 02:50:49 PM |
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Sorry if this is a dumb question, but how come blockscan now says: Total XCP Supply: 2,648,735.92 Why the 20 XCP difference? The difference is from the Asset Issuance fees. From what I understand it was supposed to be 5 XCP per asset issuance but there was a bug in the calculation (which I already reported very much earlier) which only deducted the divisible amount instead of a full 5 XCP. This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty. I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new |
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saras_wati2014
Newbie
Offline
Activity: 32
Merit: 0
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March 02, 2014, 03:02:06 PM |
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This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty. I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new+1 to your proposal |
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PhantomPhreak (OP)
Sr. Member
Offline
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
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March 02, 2014, 04:26:26 PM |
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This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty. I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new+1 to your proposal The hard-coded fee is temporary. It's hard to burn BTC without creating unspendable txouts. |
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Bountyful
Newbie
Offline
Activity: 45
Merit: 0
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March 02, 2014, 05:55:07 PM |
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This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty. I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new+1 to your proposal The hard-coded fee is temporary. It's hard to burn BTC without creating unspendable txouts. Thanks. Cityglut also shared some thoughts and reiterated what you proposed. I updated my proposal with a new approach here: https://forums.counterparty.co/index.php/topic,150.msg1012.html#msg1012 |
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ginko-B
Member
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Activity: 82
Merit: 10
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March 02, 2014, 06:07:04 PM
Last edit: March 02, 2014, 06:29:22 PM by ginko-B |
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Announcement: On that note, in the first blog post, we announce that the Counterparty team has hired two Bitcoin security experts to audit Counterparty's code! For further information, continue reading here: https://counterparty.co/sergio-lerner-peter-todd. +1 Thumbs up. That is very exciting +1 Awesome to have two of the most experienced crytpo and security devs joining the Counterparty team! Peter and Sergio, thank you! |
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halfcab123
Full Member
Offline
Activity: 224
Merit: 100
CabTrader v2 | crypto-folio.com
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March 02, 2014, 06:48:14 PM |
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So would it not be possible for the Bitcoin development team to simply implement all of counterparty features directly into the protocol ? Like say, in version 1.0 ...
And if so would they have any incentive to do so?
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DayTrade with less exposure to risk, by setting buy and sell spreads with CabTrader v2, buy now @ crypto-folio.com
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Bountyful
Newbie
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Activity: 45
Merit: 0
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March 02, 2014, 06:53:38 PM |
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So would it not be possible for the Bitcoin development team to simply implement all of counterparty features directly into the protocol ? Like say, in version 1.0 ...
And if so would they have any incentive to do so?
Yes. It would be possible and the bitcoin development team is always reviewing altcoins and alt protocols. Their incentives are to protect bitcoin and to protect the bitcoin mining pools. Counterparty neither threatens nor improves these in any significant way to warrant much interest, just right now. |
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