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

[led_lcd]

I was having a look at an order match. I'm not sure why it wasn't 100% filled.

Code:

Give 0.085 XBTC get 10 XCP
sqlite> select * from orders where tx_index=5265;
5265|667f1bfb97499e9450c81d9bf0c8914442938a634e6d22b74ee0f5a0dd2dd86c|289101|1G38xjStnniS5Pjh2jryQeCMisu1EwnjYe|XBTC|8500000|1|XCP|1000000000|118|1440|290541|0|0|10000|10000|valid

Give 10 XCP get 0.085 XBTC
sqlite> select * from orders where tx_index=5281;
5281|5317f9078208edc792db754bc3085c52364d8a5a5eb4fd3df05cfbe0ada4d2ba|289287|1xXCPxBC7kRkkYnTeS4ARk3YYwLF5Y5QT|XCP|1000000000|118|XBTC|8500000|1|240|289527|0|0|10000|10000|valid

Order match
sqlite> select * from order_matches where tx1_index=5281;
667f1bfb97499e9450c81d9bf0c8914442938a634e6d22b74ee0f5a0dd2dd86c5317f9078208edc792db754bc3085c52364d8a5a5eb4fd3df05cfbe0ada4d2ba|5265|667f1bfb97499e9450c81d9bf0c8914442938a634e6d22b74ee0f5a0dd2dd86c|1G38xjStnniS5Pjh2jryQeCMisu1EwnjYe|5281|5317f9078208edc792db754bc3085c52364d8a5a5eb4fd3df05cfbe0ada4d2ba|1xXCPxBC7kRkkYnTeS4ARk3YYwLF5Y5QT|XBTC|8499999|XCP|999999882|289101|289287|1440|240|289297|completed

Isn't that the rounding error i've heard about ?

On a side note, it's nice to see a trade (the first?) with XBTC !!

Maybe blockscan should add BTC/XBTC market to see if we can buy XBTCs directly from the DEX and at what price.

If XBTC and BTC are '=' then why the need to add it to blockscan ?

Yes there is a separate order book for XBTC/XCP:

http://www.blockscan.com/order_book.aspx?f=2

There will be a price spread between BTC and XBTC because of the different mechanism in obtaining XBTC. ie the premium to exchange in and out of XBTC. It's therefore a separate market

[led_lcd]

If XBTC and BTC are '=' then why the need to add it to blockscan ?

Just adding to my last reply. Yes, there's a price difference at the moment and that *should* get arbitraged. As volumes increase on the DEX the arbitrage will decrease to the point where the premium is only due to the cost of obtaining XBTC.

Of course XBTC and BTC are different assets so they trade independently on the DEX.

[xnova]

I did setup.py update

 Do I need to clone and reinstall again or uh

Yeah I think you'll need to git clone to get the latest fixes if you don't want to wait for the next release.
It shouldn't take more than a few seconds.
If you are still getting the error after that, please post the actual output.

Do I need to make a copy of the me latest database so it doesn't have to rebuild

Ok so just to be clear the update function does not get all the updates unless a major or minor version change occurs?

Edit: like commits are not pulled through setup.py update?  Unless PP designates a version change in github?  I'm new to this Sup.

setup.py update will do a git update for both counterpartyd and counterpartyd_build. So if there are updates on the branch you're on (normally 'master', for mainline releases), it should pull those. The exception would be if you've modified the code yourself and there is a conflict (in that case, it will give you an error that you should be able to see when you run the command).

tl;dr - if you are using the build system and running from source, normally, you should just have to run setup.py update to update your code. Then just relaunch counterpartyd. If it needs to reparse the transactions or rebuild the database, it will detect that, and do so automatically.

[xnova]

it seems that there are some mistakes when i installed the XCP client. anyone can help me?

c:\counterpartyd_build>counterpartyd server

c:\counterpartyd_build>echo off
Traceback (most recent call last):
  File "c:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 419, i
n <module>
    bitcoin.bitcoind_check(db)
  File "c:\counterpartyd_build\dist\counterpartyd\lib\bitcoin.py", line 40, in b
itcoind_check
    block_count = rpc('getblockcount', [])
  File "c:\counterpartyd_build\dist\counterpartyd\lib\bitcoin.py", line 96, in r
pc
    raise exceptions.BitcoindRPCError(str(response.status_code) + ' ' + response
.reason)
lib.exceptions.BitcoindRPCError: 401 Authorization Required

c:\counterpartyd_build>

You need to set up the bitcoind connection values in your counterpartyd.conf file.

See http://counterpartyd-build.readthedocs.org/en/latest/AdditionalTopics.html#finding-the-data-directory
and http://counterpartyd-build.readthedocs.org/en/latest/AdditionalTopics.html#editing-the-config

[Matt Y]

Nicely done halfcab.

[maxmint]

Someone sent 0.099 XBTC to the XBTC exchange address:
https://blockchain.info/tx/2930938e0319407336379cfc5bfac6a59b143d24f6235c74432d754bf271b966

As stated here, there's a minimum amount of 0.1 (for both XBTC > BTC and BTC > XBTC). But 0.099 is so close that I assume a rounding error this time, I sent back the corresponding amount of BTC.

Please try to respect the minimum amount of 0.1 – amounts below that will be refunded to the sending address.

[wizzardTim]

Can someone tell me the function of XBTC? It is used to eliminate BTCPAY?

When someone exchanges XCP for XBTC then his wallet is filled with BTC?

[sdersdf2]

Is it just me, or has the launch of this coin - which seems to have so much innovation - been an unmitigated disaster, exchange-market-wise?

[TheMightyX]

VBCOIN - A coin for Virginia Beach

- IPO 4/1 - 4/7
- Proof-of-stake
- 5,000,000 Coins
- 50% coins reserved for City of Virginia Beach projects
- 10% reserved for marketing efforts
- 40% reserved for IPO
- 1 BTC     = 1,000 VBCOINS
- 100 XCP = 1,000 VBCOINS
- Counterparty issued asset

Blah blah

So you made an asset in counterparty and you want people to buy it off you...
I get it, you saw the developer of auroracoin get rich and you would like the same. I get that. I would like to become rich overnight too. But this?

This is really fucking lame.
At least auroracoin planned to give it away for free, not sell it. ><

[520Bit]

VBCOIN - A coin for Virginia Beach

Do you mean we can buy VBCOIN via counterparty now? Or do we have to wait till 4/1.

Who will develop the VBCOIN wallet?

[TheMightyX]

VBCOIN - A coin for Virginia Beach

Do you mean we can buy VBCOIN via counterparty now? Or do we have to wait till 4/1.

Who will develop the VBCOIN wallet?

"- Counterparty issued asset"

[520Bit]

VBCOIN - A coin for Virginia Beach

Do you mean we can buy VBCOIN via counterparty now? Or do we have to wait till 4/1.

Who will develop the VBCOIN wallet?

"- Counterparty issued asset"

If it is counterparty issued asset without a real company, it is useless!!!

[TheMightyX]

VBCOIN - A coin for Virginia Beach

Do you mean we can buy VBCOIN via counterparty now? Or do we have to wait till 4/1.

Who will develop the VBCOIN wallet?

"- Counterparty issued asset"

If it is counterparty issued asset without a real company, it is useless!!!

no kidding 

[halfcab123]

Is it just me, or has the launch of this coin - which seems to have so much innovation - been an unmitigated disaster, exchange-market-wise?

lightweight web wallet will save us all.

[Bellebite2014]

Update 2014.03.07

I have learned about BlackCoin and DarkCoin. But it seems that both of them mining a bit too fast. I am a bit afraid on this.
I'll go on spending time on NXT as it's a bit complex for me. If you have any data related to NXT or XCP, please post them here or on our own forum(prefered, thanks!).

I'll checked the data and post of some other most voted coins tomorrow.(It's deep night in China now.)
Hope all of you who read this post happy.



Follow us on twitter for more information.
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Can anybody help www.btc38.com with adding XCP to the platform? They are interested in XCP.

https://bitcointalk.org/index.php?topic=501963.msg5525645#msg5525645

+100

Someone, please help. Being listed on BTC38 will triple our XCP awareness and trading volume.

Triple ? Based on what ? People have to stop thinking being in a pool with 432432 shitcoins will X100 the value. Give money for the bounties or the GUI instead, this is the only smart thing to do.

[halfcab123]

VBCOIN - A coin for Virginia Beach

Do you mean we can buy VBCOIN via counterparty now? Or do we have to wait till 4/1.

Who will develop the VBCOIN wallet?

"- Counterparty issued asset"

If it is counterparty issued asset without a real company, it is useless!!!

I think you guys are sincerely missing the point here. A clone coin is useless and yet it is not. Anything issued with counterparty can be used as a store of value, you guys sound like old-world money holders arguing against Bitcoin lol. You think I'm aiming to get rich ? that's real cute, pay attention to the 50% for the city part. I want to user Counterparty to create a store of value that can raise funds for a city, potentially even become of some currency adoption in the area. All the BS issued assets, at least I'm trying to do something with mine. I think you guys are being unfair, but thats cool.

[520Bit]

VBCOIN - A coin for Virginia Beach

Do you mean we can buy VBCOIN via counterparty now? Or do we have to wait till 4/1.

Who will develop the VBCOIN wallet?

"- Counterparty issued asset"

If it is counterparty issued asset without a real company, it is useless!!!

I think you guys are sincerely missing the point here. A clone coin is useless and yet it is not. Anything issued with counterparty can be used as a store of value, you guys sound like old-world money holders arguing against Bitcoin lol. You think I'm aiming to get rich ? that's real cute, pay attention to the 50% for the city part. I want to user Counterparty to create a store of value that can raise funds for a city, potentially even become of some currency adoption in the area. All the BS issued assets, at least I'm trying to do something with mine. I think you guys are being unfair, but thats cool.

The second question: who will develop VBCOIN wallet/client? How can you guarantee VBCOIN will be useful in Counterparty? Are you holding a company?

[halfcab123]

VBCOIN - A coin for Virginia Beach

Do you mean we can buy VBCOIN via counterparty now? Or do we have to wait till 4/1.

Who will develop the VBCOIN wallet?

"- Counterparty issued asset"

If it is counterparty issued asset without a real company, it is useless!!!

I think you guys are sincerely missing the point here. A clone coin is useless and yet it is not. Anything issued with counterparty can be used as a store of value, you guys sound like old-world money holders arguing against Bitcoin lol. You think I'm aiming to get rich ? that's real cute, pay attention to the 50% for the city part. I want to user Counterparty to create a store of value that can raise funds for a city, potentially even become of some currency adoption in the area. All the BS issued assets, at least I'm trying to do something with mine. I think you guys are being unfair, but thats cool.

The second question: who will develop VBCOIN wallet/client? How can you guarantee VBCOIN will be useful in Counterparty? Are you holding a company?

any wallet that is made to support counterparty protocol will be useful for any asset issued. How can you guarantee any asset is useful ? How can you guarantee Bitcoin has value ? Is it backed by gold ? I don't feel like I should have to explain these things, its quite obvious that the value of any asset is necessarily backed by the usefulness of the protocol. It is then the marketing and adoption rate of the user based which adds value to the specific asset. I honestly do not see any difference between issuing a coin in Counterparty and cloning litecoin and calling it cutecoin and holding an IPO. In any case, I'm going to give it a go and see what happens.

[led_lcd]

VBCOIN - A coin for Virginia Beach

Do you mean we can buy VBCOIN via counterparty now? Or do we have to wait till 4/1.

Who will develop the VBCOIN wallet?

"- Counterparty issued asset"

If it is counterparty issued asset without a real company, it is useless!!!

no kidding 

That's wrong.

I could issue shares for example because I am raising funds to buy a big lottery ticket and share any winnings with shareholders. The shareholders would need to trust me I would pay them out if I won.

You still have to trust companies that they will pay dividends.

[led_lcd]

Can someone tell me the function of XBTC? It is used to eliminate BTCPAY?

When someone exchanges XCP for XBTC then his wallet is filled with BTC?

Yes, it simplifies trading on the DEX and allows you to avoid the need to btcpay and avoids troll orders.

There is however an additional step to then cash back out to BTC if you didn't want to continue to hold XBTC. You send your XBTC to:

13sGFVPgcrj9mMRokyXztdAJtg6kReofdV

And you will 'automatically' get BTC. The service isn't fully automated yet and maxmint is performing the exchange at a fee of 1%. When the automatic service is live the fee will be 0.1%

For example:

Code:

counterpartyd send --source SOURCEADDRESS --destination 13sGFVPgcrj9mMRokyXztdAJtg6kReofdV --quantity 0.1 --asset XBTC