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lonsharim
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March 28, 2014, 05:55:28 AM |
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I think you are making great points. Only I still can't find any esteem for the 'implicit' and 'social contract' arguments - if extra data storage is bad - then why not charge extra fees for OP_return proportional to their burden on the network - there is no absolutely no conclusive logic behind 'these types of transactions are part of the social contract' 'these types of transactions are not' - it's just political posturing - it's like if someone came out to tell people that the Internet was designed for X and not for Y: ergo should not be used for Y.
If his Freimarkets proposal is better than Counterparty, than he can implement it and market forces will decide which is better.
The problem is that Bitcoin's current fee model is definitely "less-than-ideal". It is both static (i.e. non adaptive) and does not compensate full node operators who store the data. This whole debate, I suspect, is a consequence of that. The model can be adjusted, and there has been copious amounts of talk on doing that, but to the credit of the core devs, it's quite hard to change a flat tire on a 2 ton dump truck going down the road at 70 miles an hour.  Full Nodes have never received any fees - and it's been okay all this time - but then you add .003% more Data and it's abuse? Besides that I think Counterparty users are the straight up largest percent wise group of Full Node operators  Take this analogy - you have a highway whose maintenance is paid for by toll fees, and a logging company's trucks cause more wear to the highway surface than your average passenger vehicle - but instead of saying, hey let's do an analysis of how much more wear the logging trucks are causing and charge them higher fees accordingly - they are saying those trucks are evil and hurting all other car owners. Isn't there a problem with this mentality? Sure your average toll paying driver does not need the 'logging trucks', but they are in fact, perhaps essential to the state's economical development in a very important sector. It's economically backward minded - sure that can change with time and I think it will; I just have a problem with libertarians turning free-market economics into 'social ideology that ought to be good enough for everyone' as soon as it violates their favorite order of things. That's a very good analogy porqupine and accurately reflects our predicament. |
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utuxia
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March 28, 2014, 06:01:36 AM |
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how do i fund the wallet on testnet?
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utuxia
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March 28, 2014, 06:43:56 AM |
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worked like a charm. so what's the process? I get btc in wallet, buy xcp, and then I can trade xpc for other shit on the exchange?? |
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deliciousowl
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March 28, 2014, 07:06:59 AM |
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How is this a comment from a bright individual you can reach out to? It's just another Luke Jr. What we are against is extorting other participants of the bitcoin network into processing your transactions which were not in the original social contract of bitcoin, especially when clearly explained alternatives exist. That is frankly evil, although I'll give you the benefit of the doubt and chalk it up to ignorance. This time. Sounds like a mobster threat or a condescending middle school teacher. He can inhale my pubes for all i care, until he learns some manners |
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Matt Y
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March 28, 2014, 07:17:22 AM |
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worked like a charm. so what's the process? I get btc in wallet, buy xcp, and then I can trade xpc for other shit on the exchange?? You can buy/sell on the DEx or, since it's testnet, you can burn some of the BTC into XCP. Once that's done, you can create assets and mess around with that side of things, paying dividends and so on. |
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ko6028
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March 28, 2014, 07:59:15 AM |
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I'll make a video tutorial today long over due
Look forward to your video tutorial , I believe it will give us great help! |
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ko6028
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March 28, 2014, 08:03:19 AM |
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Please lower the fee on poloniex when the loss are get back, I want to buy more xcps!
me too, i want to buy more xcp. Buy when the price bottom, sell when the price is high, so many people are of benefit! But to see the price trend, otherwise will only lose!  |
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komije5363
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March 28, 2014, 08:16:34 AM |
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too low!!!
So at the end of the price is a good time to buy, at the end of the price also can invest! Good luck. |
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komije5363
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March 28, 2014, 08:24:23 AM |
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Oh man, that is hilarious!
What makes you feel so hilarious. I really want to know! |
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BitcoinTangibleTrust
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Digitizing Valuable Hard Assets with Crypto
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March 28, 2014, 08:29:54 AM |
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Oh dearie my! Will you look at that! |
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freedomfighter
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March 28, 2014, 10:31:30 AM |
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http://www.coindesk.com/developers-battle-bitcoin-block-chain/The coindesk "Featured comment" with 23 likes is yours truly. Another step in the right direction.... -------------------------------- Featured Comment Let reason win • 3 days ago Counterparty adds important functionality and features to Bitcoin that will further to its penetration to mainstream adaptation. A solution is better found for this in a friendly and cooperative manner. Counterparty was the world's first trustless decentralized exchange, and especially with centralized exchanges collapsing around us in the past quarter, there is no better and greater need than BOTH counterparty and MSC establishing their presence on top of the BTC protocol asap Etherium is not there yet and NXT is young and both are not tested. BTC is and is the leader. But it must stay vibrant and continue to rapidly evolve to keep market share. working together is a win win for BTC core devs and CP's. 23 •Share ›
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CryptoFinanceUK
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March 28, 2014, 11:07:18 AM |
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Oh dearie my! Will you look at that! Congrats on the mention! |
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Bellebite2014
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March 28, 2014, 11:08:58 AM |
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Oh dearie my! Will you look at that! Congrats on the mention! Yeah, this will change EVERYTHING, thanks once again. |
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l4p7
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March 28, 2014, 12:31:59 PM |
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Oh dearie my! Will you look at that! Congrats on the mention! Yeah, this will change EVERYTHING, thanks once again. Matt, do you promote this on reddit and whatever other platforms? |
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l4p7
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March 28, 2014, 12:41:49 PM
Last edit: March 28, 2014, 05:55:17 PM by l4p7 |
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So you would send me the Gold via post mail. Did I get that right?
How do I know that you have the gold?
And you also provide a BTC/1ozGold price feed? What data is that feed based on exactly?
Answer1: We don't send you the gold. Our system is setup that gold goes directly from the gold seller to the custodian. We never touch your gold. Answer 2:With our special custody agreement, you can conduct an independent audit on the gold in custody. Again, we never touch your gold. It's in professional, bonded, insured, guarded custody. Answer 3:We will provide a feed on spot gold. I just need to figure out how to do that on Counterparty, but it's not a blocker to trading your gold coin on the DEX. EDIT: Super Thanks for these questions, l4p7. I will add them to our FAQ right now. You are welcome. This is a good practical application to understand Counterparty What advantage (fees?) do you have from doing this service? Is there some kidn of trust rating within Counterparty? So that if you come up with a silver Trust in 2015, how do I know that this issuer is actually the BitcoinTangible guy that issues the XGold in a trustful manner since Spring 2014? Some kind of private key authentication? Further feedback: Apply high industry standards: (More) professional website, publish independent audits from a industry standard audit company frequently on your website. Edit: And I would remove the big BUY NOW buttons that are twice on the homepage, one right below the other one  Looks scamy (subtext: Buy fast (give us your money) without us explaining you first how it works and what the service is). A "buy now" button should be subtle but visible and not twice right next to each other! Other than that, a great service! |
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