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

[prophetx]

The thing I really got from all these discussions is that Bitcoin is controlled by 12 miners. This is scary and is opposite to the decentralized nature.
I guess when big money comes in greed overrules everything and power grab happens.

If that's what you got from it, then you're either assuming that a majority of people would do things differently (unlikely), or that Bitcoin being controlled by 12 developers is somehow better (no thanks)...

Luke will you shut the fuck up? If your not gonna listen to what the community wants, then get out of this thread. You've sounded nothing short of a arrogant prick in all your posts.

If you don't like Counterparty, close the door on your way out.

What a clown. XCP is 100% dependent of BTC. Keep biting the hand feeding you, this is the only proper thing to do, you are right.

Don't come here crying once the value of XCP is 0 because of arrogant, clueless bozos like you.

all you need to do is fund some mining pools to run op_return 80 ... it ain't that hard... soon with this tx fee lowering the miners will be scrambling for dollars as the network starts the long road to making money off only tx fees.

mark my words... they will jump at anyone offering them cash so they can pay their electric bill.  you know ever boom is followed by a bust.

mining is a business they could care less if they are mining gold, bitcoins or your mothers underwear. as long as it makes a profit.

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[onebutton]

We don't even have an acceptable logo yet though right ?

When it brings us benefits, but also with the pipe he has no marks, or right?
 

[onebutton]

We can trade XCP on Bter now.

https://bter.com/trade/xcp_btc

Thank you for such a good site
It is very comprehensive and very safe, I trade a lot inside!

[lti4301]

I don't think the fee should be destroyed. It would be a much better idea to pay it to Bitcoin miners or XCP holders. No? Maybe I don't understand it well enough.

But yeah 5 xcp seems a bit much.

Yes, XCP is a very promising a coin,
Let us work together to hold it.
I believe this coin

[lti4301]

SO what's XCP worth now? The burn price ?

As long as people recognized it, it has a price.
Like the dollar, people recognize it!

[valarmg]

Interesting discussion. It seems the OP_RETURN argument is not really about CounterParty. The problem the core devs have with the datasize of a CounterParty transaction is part of a deeper problem. Removing the CounterParty transactions to a sidechain doesn't solve the core problem. If Satoshi dice could cause these issues unknowingly, then it seems that down-the-line malicious(or otherwise) spam will cause huge problems.

Seems like the core devs have to assume a future in which there are very few full nodes running compared to the number of transactions. Having tech savvy people downloading the full blockchain supporting the network can't be the future of bitcoin. Possibly, there needs to be a solution where light wallets can support the network without requiring the full blockchain. Very good posts from atweiden.

[l4p7]

The thing I really got from all these discussions is that Bitcoin is controlled by 12 miners. This is scary and is opposite to the decentralized nature.
I guess when big money comes in greed overrules everything and power grab happens.

If that's what you got from it, then you're either assuming that a majority of people would do things differently (unlikely), or that Bitcoin being controlled by 12 developers is somehow better (no thanks)...

Luke will you shut the fuck up? If your not gonna listen to what the community wants, then get out of this thread. You've sounded nothing short of a arrogant prick in all your posts.

If you don't like Counterparty, close the door on your way out.

Who do you think you helping with such a comment? The more bad words you throw at Luke the more confrontative he will get. This all is childish!

It should be ok to have different views!! Accepting that is the first and only way for finding a solution together!

[Spekulatius]

We can trade XCP on Bter now.

https://bter.com/trade/xcp_btc

Thank you for such a good site
It is very comprehensive and very safe, I trade a lot inside!

With Bitcoin ban looming over China I think bter just got alot more risky. I wouldnt leave any coins laying around there!

[maaku]

Seems like the core devs have to assume a future in which there are very few full nodes running compared to the number of transactions. Having tech savvy people downloading the full blockchain supporting the network can't be the future of bitcoin. Possibly, there needs to be a solution where light wallets can support the network without requiring the full blockchain.

I'd like a unicorn too, please.

[l4p7]

We can trade XCP on Bter now.

https://bter.com/trade/xcp_btc

Thank you for such a good site
It is very comprehensive and very safe, I trade a lot inside!

With Bitcoin ban looming over China I think bter just got alot more risky. I wouldnt leave any coins laying around there!

Why? There is no sign that the Chinese government would confiscate the coins on bter. In which way would it be dangerous?!

[lingyong1992]

We can trade XCP on Bter now.

https://bter.com/trade/xcp_btc

Thank you for such a good site
It is very comprehensive and very safe, I trade a lot inside!

With Bitcoin ban looming over China I think bter just got alot more risky. I wouldnt leave any coins laying around there!

Why? There is no sign that the Chinese government would confiscate the coins on bter. In which way would it be dangerous?!

China won't confiscate the coins on bter.
China won't confiscate all the coins in China.
Yes, China would ban the bank taking part in coin exchange . But I think the btc is belong to the whole world, not the China.
I don't care about whether China ban the btc.
Don't care.
And , as a Chinese, I would like the China ban the btc . I think it is good for BTC.
Do you think so ?

[prophetx]

I'm helping the Ethereum, Mastercoin and BitAngels folks with the hackathon at the Toronto conference

http://www.hackathon.io/events/1984/

If this community is interested in sponsoring this hackathon...

https://docs.google.com/document/d/1a1Ld_HlV8xiUseUDEozKDQmSCIRhDgW43uuWV9dTmHY/edit


If we want to do a separate fund for an XCP "prize"...

You all would need to give the funds to someone anonymous and the winners and judging can be public via that website.

[flyaway2sky]

Interesting discussion. It seems the OP_RETURN argument is not really about CounterParty. The problem the core devs have with the datasize of a CounterParty transaction is part of a deeper problem. Removing the CounterParty transactions to a sidechain doesn't solve the core problem. If Satoshi dice could cause these issues unknowingly, then it seems that down-the-line malicious(or otherwise) spam will cause huge problems.

Seems like the core devs have to assume a future in which there are very few full nodes running compared to the number of transactions. Having tech savvy people downloading the full blockchain supporting the network can't be the future of bitcoin. Possibly, there needs to be a solution where light wallets can support the network without requiring the full blockchain. Very good posts from atweiden.

[goldenmail]

xnova has done a wonderful job developing Counterwallet,thanks very much!

[valarmg]

Seems like the core devs have to assume a future in which there are very few full nodes running compared to the number of transactions. Having tech savvy people downloading the full blockchain supporting the network can't be the future of bitcoin. Possibly, there needs to be a solution where light wallets can support the network without requiring the full blockchain.

I'd like a unicorn too, please.

I'm not knowledgeable enough to argue this with you. But it seemed that Peter Todd, and the Electrum guy talked about some streamlining possibilities.

If there's no incentive for full nodes outside of mining, and development, then I think you either have to imagine that in the future there won't be many full nodes, or else something has to be done to create that incentive.

[prophetx]

Seems like the core devs have to assume a future in which there are very few full nodes running compared to the number of transactions. Having tech savvy people downloading the full blockchain supporting the network can't be the future of bitcoin. Possibly, there needs to be a solution where light wallets can support the network without requiring the full blockchain.

I'd like a unicorn too, please.

I'm not knowledgeable enough to argue this with you. But it seemed that Peter Todd, and the Electrum guy talked about some streamlining possibilities.

If there's no incentive for full nodes outside of mining, and development, then I think you either have to imagine that in the future there won't be many full nodes, or else something has to be done to create that incentive.

i came across this magic pixie dust that solves problems like this

https://www.youtube.com/watch?v=3nbEeU2dRBg

[Just4andy]

So at the end of the price is a good time to buy, at the end of the price also can invest!
Good luck.
 Smiley Smiley

[helloge]

I think the current price is still a bit high  until the open of web wallet.

[prophetx]

I think the current price is still a bit high  until the open of web wallet.

in the old days (1990s) VCs in the valley used to value companies at $1m per developer, given inflation, I would say that the price is a bit undervalued at this stage.

I would say the valuation should be somewhere in the $10M range and not higher.  The lower amount partially b/c this is a decentralized effort with no real business development people to actually engage partners - as you can see from the recent shitstorm with LukeJr.

if this actually had a CEO type and some Head of BizDev, LukeJr and the rest of the Bitcoin dev team would have been treated in a more partner oriented fashion rather than devolving into monkey's throwing poo at each other.

[BitcoinTangibleTrust]

OP_RETURN can be used to store references to external resources, say for example very long meta transactions that don't fit into 40 byte, an asset contract or whatever. The storage pointed to could be a website which lists something like <hash_used_in_op_return_tx><very_long_message> (for the sake of an example), a side chain or a P2P structure like a DHT. To my knowledge this was discussed several times, but never tested on a broader scale.

You know, an interesting question to ask yourself is if it's totally ok to just embed a hash of the actual data in the blockchain, and rely on the data itself being made available by some DHT or something, why can't Bitcoin itself do that to make blocks smaller and improve scalability?

Remember that Bitcoin would work just fine if miners didn't validate transactions if clients implemented client-side validation, as is done in Mastercoin and Counterparty, and to a lesser extent, Colored Coins. What's so special about actually putting those tx's in the block?

+1000 awesome point. 

Agreed. An excellent point. Thank you Peter.