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

[wizzardTim]

at the time being MAX seems much better to buy and hold till Thursday (at least)

What's the short term story on Max?

reward halving + check Keisers tweeter account. He was interviewed in some online magazine I think + the promotion of maxcoin with videos is ongoing.
think about selling all XCPs for MAX and then buy more XCP later. Or drink a mojito in Bahamas...what a dilemma 

[1715030838]

1715030838

[BitcoinTangibleTrust]

Product and Service Updates March 26, 2014
Our mission is to digitize all valuable assets into the Counterparty platform and to build a trustless, yet reputable service that delivers unmatched ability to access asset markets, globally.

BitcoinTangible Trust partners with Diamond Depository
This was a particularly important relationship to establish and we're pleased that we are able to announce. BitcoinTangibleTrust has established a Corporate Master Sub Segregate Custodian Agreement with Diamond Depository. This is a substantial accomplishment as it allows us to accomplish the following that are currently impossible to accomplish in any of the metals and BTC exchnages or marketplaces.

• Direct Routing of all Agora Commodities purchases to BTC address linked physical custody accounts
• Segregate all BTT customer assets into individual accounts by name or BTC Address
• Deliver trustless, independent Proof Audit by individual account (Special thanks to Sparta_cuss for direction in this innovation)
• Allow for trustless redemption and recovery of physical assets by private key, without BTT intervention
• Allow for easy retirement of redeemed digital gold or silver assets with physical verification

BitcoinTangible Trust proposes annual custodian pricing
We would like to explore a new pricing fee structure and secure your feedback. BTT Custodian pricing will be a flat, annual fee of 99 basis points, payable on first purchase. Custody charges are calculated daily using the Diamond Depository formula:

   closing spot x total ounces in the account x annual rate / by 365.
   Spot price is based on the daily Chicago Mercantile Exchange (CME) near month futures closing price of
   each metal type. The daily storage charge for each metal type is then summed to yield the monthly fee
   (or summed for the applicable portion of the month to yield a partial monthly fee, if appropriate).

Given that your gold may trade on the DEX upon purchase, we invoice for 1 year of custody at time of purchase. At the end of 1 year, custodian fees will be invoiced to you, if you are still the account holder or to the new owner of your digital gold, if traded on the DEX or our website to a new owner.

Example:
1 oz. Perth Mint Gold Bar: $1,327.24
Bitcoin Tangible Custodian Fee: 99bps = 13USD or 0.02215 BTC for 1 year.

We welcome your criticisms and comments on this pricing model as we think the community may be able to help us improve how we think about trustless custodian servicing.

Thank you Counterparty Community,
Bitcoin Tangible Trust Team

[Fernandez]

Hey, luizchen, I notice that you copied my entire post from yesterday word-for-word, and represented my words as if they are yours.   What are you doing?

You have an admirer. Embrace it.

[ko6028]

at the time being MAX seems much better to buy and hold till Thursday (at least)

Hope everything as you wish
Good luck to you
Wish us luck

[ko6028]

a solution within the bitcoin protocol would be much better, the charme of xcp and msc is the network security and that you do not need to move your bitcoins on any exchange to get them

Security is a very important factor we consider
Of course, value

[halfcab123]

at the time being MAX seems much better to buy and hold till Thursday (at least)

What's the short term story on Max?

reward halving + check Keisers tweeter account. He was interviewed in some online magazine I think + the promotion of maxcoin with videos is ongoing.
think about selling all XCPs for MAX and then buy more XCP later. Or drink a mojito in Bahamas...what a dilemma 

Whoa maxcoin uses sha-3 pretty cool

[miscreanity]

Whoa maxcoin uses sha-3 pretty cool

Check Blake2. The performance charts are interesting.

[freedomfighter]

[–]mike_hearn 2 points 13 minutes ago
Well, be fair - lots of projects have promised the moon in this regard (e.g. Mastercoin) and then not delivered. Counterparty has actual code and specs, which is great, but when I poked around yesterday the only GUI I found is perhaps better described as a command line in a window. I question whether this can be described as a "functioning distributed exchange".

shocking really, I expected better.

A command line in a window, behave yourself.

To be fair he continued by saying:

".................So though I haven't weighed in on the Counterparty thread, people who take a relatively unknown project and claim Bitcoin will die without their amazing hack that works in a totally different way to how I am expecting it to work, start out with slightly negative credibility in my view. Certainly I'm willing (happy!) to be proven wrong though!

I highly suggest that one of the devs respond to him directly via PM or at the thread and show him otherwise. we need these key guys to see the entire pic.

+1

I'm PMing him.

Hi, Anything came out of this? (or is it in process)? TY

[nakaone]

one (probably better informed) individual is buying all of bters xcp

I think yesterday he started

[halfcab123]

one (probably better informed) individual is buying all of bters xcp

I think yesterday he started

That buy volume is scary, I'm going to have to sit down for this one _/  O_o

[samperi649]

one (probably better informed) individual is buying all of bters xcp

I think yesterday he started

That buy volume is scary, I'm going to have to sit down for this one _/  O_o

Was it you halfcab?

[halfcab123]

one (probably better informed) individual is buying all of bters xcp

I think yesterday he started

That buy volume is scary, I'm going to have to sit down for this one _/  O_o

Was it you halfcab?

Negative. I'm actually looking to maybe dump a little bit more to ride out
this drop in price. I don't see how it can hold up even as high as it is
without a mainnet web wallet...

[Bellebite2014]

one (probably better informed) individual is buying all of bters xcp

I think yesterday he started

That buy volume is scary, I'm going to have to sit down for this one _/  O_o

We didn't even break the 10K volume, everything is under control

[halfcab123]

So one day in the near future, maybe 2 - 5 years out, when 1% - 5% of online transactions take place in Bitcoin, and 1% - 5% of the stock market has moved to Counterparty, I think it becomes obvious that pretty quickly it will no longer be feasible to run your own node that actually keeps the entire blockchain. Anyone have any thoughts on that ?

[Bellebite2014]

So one day in the near future, maybe 2 - 5 years out, when 1% - 5% of online transactions take place in Bitcoin, and 1% - 5% of the stock market has moved to Counterparty, I think it becomes obvious that pretty quickly it will no longer be feasible to run your own node that actually keeps the entire blockchain. Anyone have any thoughts on that ?

2 - 5 years out ? Wow. Just try to tell us the price of BTC and XCP in 6 months from now, and let's all laugh (or not) end of September...

[halfcab123]

So one day in the near future, maybe 2 - 5 years out, when 1% - 5% of online transactions take place in Bitcoin, and 1% - 5% of the stock market has moved to Counterparty, I think it becomes obvious that pretty quickly it will no longer be feasible to run your own node that actually keeps the entire blockchain. Anyone have any thoughts on that ?

2 - 5 years out ? Wow. Just try to tell us the price of BTC and XCP in 6 months from now, and let's all laugh (or not) end of September...

You lost me.

[halfcab123]

Paypal has been around for 14+ years and it is now responsible for about 18% of ecommerce transactions. Who knows I guess it could be sooner than that for Bitcoin, was just trying to err on the side of conservative.

[Bellebite2014]

So one day in the near future, maybe 2 - 5 years out, when 1% - 5% of online transactions take place in Bitcoin, and 1% - 5% of the stock market has moved to Counterparty, I think it becomes obvious that pretty quickly it will no longer be feasible to run your own node that actually keeps the entire blockchain. Anyone have any thoughts on that ?

2 - 5 years out ? Wow. Just try to tell us the price of BTC and XCP in 6 months from now, and let's all laugh (or not) end of September...

You lost me.

You are thinking of what will happen in 2 - 5 years, while no one can predict what will happen in just 6 months time.

[BitzMD]

So one day in the near future, maybe 2 - 5 years out, when 1% - 5% of online transactions take place in Bitcoin, and 1% - 5% of the stock market has moved to Counterparty, I think it becomes obvious that pretty quickly it will no longer be feasible to run your own node that actually keeps the entire blockchain. Anyone have any thoughts on that ?

If so , what would it imply for xcp and the like?

[halfcab123]

So one day in the near future, maybe 2 - 5 years out, when 1% - 5% of online transactions take place in Bitcoin, and 1% - 5% of the stock market has moved to Counterparty, I think it becomes obvious that pretty quickly it will no longer be feasible to run your own node that actually keeps the entire blockchain. Anyone have any thoughts on that ?

If so , what would it imply for xcp and the like?

Well it would imply that (which some might argue even now is the case) that running your own personal "HEAVY" wallet, would be infeasible, without commercial grade hardware and connection speeds.

I believe this might be where Chris Odom's ideas come in with open transactions and trustless servers. We're going to have to get a little less decentralized but keep the trustless nature. I think its inevitable, unless we find some way to more efficiently store HUMONGOUS amounts of data, like petabytes...

EDIT: Similarly if you look back in time to the dawn of the internet (publicly usable) you may have been able to store every known website for a few years, imagine how much space the whole internet would take to store now on each node. While transaction data is tiny in comparison to large amounts of media related data, eventually you get enough TX data and it really doesn't matter.