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

[digit]

Don't forget, when this Eth "Merge" hype ends and POS isn't very promising without all the leveraged platforms and VC loans, XCP will have a very promising use of its own that it will do on a better blockchain and network than "ETH" ever has:

https://counterparty.io/docs/faq-smartcontracts/

Is there currently development going on somewhere? I would be interested to follow the code progression, as I'm interested in the concept of turing complete smart contracts on the BTC chain.

They mention the following in the FAQ:

A new proposal is being built for a specific Counterparty VM.

I however don't know when this part was added to the FAQ site, and if it's also outdated.

Another concept I'm interested on is Picopayments - which would be Counterparty tokens on Lightning:

https://github.com/CounterpartyXCP/picopayments-hub

But it seems to have been abandoned in 2017, albeit there are a few forks (this one seems however be the only one which has some own commits ...). Anyone has an idea if there is someone working on this still? Just because of the fee issue some of you mentioned this would be very useful, although of course there's also OmniBOLT in this niche.

The problem is all the Counterparty development was from volunteers and the main developer sadly passed away a few years ago. There is no one being paid the big bucks from ICOs or companies to create or develop it further.
Whats tragic is this Picopayments looks like it would be a solid development in the furthering of a Bitcoin layer DEX that would remove the biggest issues of waiting for new blocks and fees.

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[nutildah]

The problem is all the Counterparty development was from volunteers and the main developer sadly passed away a few years ago.

Wonder who you're talking about as Adam K. was last online on this forum on Sept 21st.

There is no one being paid the big bucks from ICOs or companies to create or develop it further.

No there is not but it still receives regular updates, largely thanks to J-Dog who is committed to keeping the protocol alive.

https://twitter.com/jdogresorg/status/1582775606055297026

Devs developing on top of Counterparty are always at odds with figuring out how to get compensated for their work... it has to be at least partially a passion project or they won't have the motivation to get through it.

[digit]

The problem is all the Counterparty development was from volunteers and the main developer sadly passed away a few years ago.

Wonder who you're talking about as Adam K. was last online on this forum on Sept 21st.

Passing of Core Developer John Villar
It is our unfortunate duty to inform the community of the passing of one of our developers on March 8th of this year. John Villar was a friendly, insightful and kind hearted integral member of the Counterparty development team and the wider crypto community. In his wake the community came together to raise funds for his family for their unforeseen expenses. A commemorative token was created and set up in a dispenser (xchain.io/tx/1551579) with all sales being forwarded periodically to the family. John was known for not only most of the recent Counterparty protocol improvements (CIPs) but also for developing the RarePepeParty game with his company in Venezuela. A burn address has been created as a shrine to John and if users would like to send him tokens of appreciation, they can do so at : 1JohnViLLARchiguireitorxxxxwhsz7P

Not the only dev but he was the main one whose name i notced the most with the updates and they had the most commits since 2015 (https://github.com/CounterpartyXCP/counterparty-lib/graphs/contributors?from=2015-01-30&to=2022-11-12&type=c)
He was also the dev of the UniversalMolecule [UMO] Blake256 altcoin: https://bitcointalk.org/index.php?topic=702519.0

Its nice to learn that there is a still a few devs spending some time on it, perhaps the collapse of FTX will be a drawcard again for XCP and its development as it was in the past after Gox.
There must be more than a few people around who would like to see a bitcoin based alternative to the DEXs on other blockchains like Ethereum which are insecure and constantly in the news about being hacked and drained.

[nutildah]

Looking to buy old Counterparty assets (2014-2016) for BTC, please PM.

[nutildah]

Suffice it to say that Evan, Robby and I will all be working on Counterparty for the forseeable future.

I see that PhantomPhreak logged in last month and am wondering if he could possibly address what happened with this plan... His activity on the forum really dropped off after March 2015.

I realize things change, people change, and he went on to work with Symbiont.

But I have to say, Counterparty could really use your guidance & direction if you have even the slightest interest in returning!

[HowToCrypto]

Looking to buy old Counterparty assets (2014-2017) for BTC. DM

[DaCryptoRaccoon]

Heads up guys the site seems to be suffering some issues with missing pages for the documentation

Can't find/load data at path: /var/www/virtual/counterparty.io-docs-html/forum.html

All of the sub links to the about counterpart are down.

Also very sad to hear of John's passing he will be missed for sure.  RIP John.

Best Regards.

Magic

[freedomno1]

Why do you speak of it as decided that data storage in the Blockchain constitutes abuse?

It's abuse because you're forcing others to download/store your data against their free choice.
Every full node must download the full blockchain (prunable or not!).
Every full node has consented to download and store financial transactions.
NOT every full node has consented to store anything else.
You need 100% consensus for this, not merely some subset (ie, not miners; not developers) or even a majority.

Furthermore, everyone is free to store data that isn't in the blockchain.
There is nothing to be gained by putting it in the blockchain except that you force it on those who don't want it.
Explain how this is anything but abuse...

Whether you think there are better implementations than the current one is not the problem, but rather that you are making a protocol change for something that miners are, by design, supposed to decide for themselves, and acting autocratically over Bitcoin.

Miners are not supposed to decide protocol changes any more than developers.
Protocol changes, in general, require consensus of the economic majority (or, more practically, "will this person I want to pay accept my forked-blockchain bitcoins?").

Colored Coins are Back Baby ^^
Long live the Inordinate Ordinals for ordinary Bitcoiners

[nutildah]

^^^

Something a bit more directly on-topic is a new Counterparty series named Rare Ordinals.

The idea is tokenization of an Ordinal via Counterparty.

The owner of the Ordinal-minting address creates a 1 of 1 divisible token that represents "shares" of the Ordinal. I think its a pretty clever way to combine both platforms.

This is the first one of Series 1:



Here is its entry on an Ordinals explorer:

https://ordinals.com/inscription/eeb5baf826a0a093c85f738443aa800a70795c38d8c01768c32f48f06f7893a7i0

Here is its entry on a Counterparty explorer:

https://xchain.io/asset/ORDINALPEPE

A bunch of them have been made already, including the first gif, which was minted just today. Pretty cool stuff.

[nutildah]

Just sharing a nice J-Dog meme



Out of Ordinals came Bitcoin Stamps, which are <10 kb jpgs tucked away as base64-encoded date in the Description field of a Counterparty token.

https://tokenstamps.io/

But most of them are now SRC-20 (a stamps token protocol, lol) so you can to go back to the first page to see what they actually look like.

SRC-20 was causing problems for Counterparty as each transaction can require the issuance of 3 numeric assets, causing a strain on server resources.

After stern communication with their main dev / bullshit peddler, they agreed to halt for the time being.

I'm all for stamps. SRC is just as stupid as BRC, totally wasteful & useless. Hope it goes away with the rest of the degens.

[nutildah]

Hey all

Between June 25th - July 7th, 2014, I registered all the NFL team names as tokens for a project described in the quoted post below and in this thread:

The Counterparty BitBowl - Decentralized Super Bowl Wagering

I have burned (destroyed) the supplies of all 32 tokens down to 100 and am putting them up for sale via dispenser. The first sale, which is 20 sets of all 32 teams on one dispenser, will begin in about 7-8 hours from now. The dispenser link & address will be posted in the above thread.

There will be two additional full-set sales: one starting on the 1st day of NFL preseason and the 2nd on the 1st day of the regular season. I will also open up individual team dispensers on those dates, as well. Feel free to ask if you have any questions!

Hi Guys,

I have an idea for a super bowl betting pool that utilizes the Counterparty asset exchange and I would appreciate some feedback on it.

Basically the game involves purchasing a token over the asset exchange that correspond to the NFL team you think is going to win the super bowl, and if that team wins the issuer buys back those tokens for the grand prize (probably .1 BTC, per token).

Team tokens sold by the issuer correspond to their current Vegas super bowl odds and will be updated weekly to reflect changes. Owners of the tokens may do with them what they wish; they will not be recalled and may be traded openly on the exchange for whatever else is there.

I already registered all the team names as assets(except somebody had taken "BEARS" already... hey guy who owns it, want to sell it to me?), as well as a handful of domain names. You can check out a bare bones version of the site:

http://thebitbowl.com/    or
http://counterbowl.com/

I have an instructions / rules list and FAQ I am working on that hammers out the details, but I thought I would open myself up to comments and criticism right now in case I am about to jump off a legal ledge or something. I'd like all the advice I can get.

I'm also thinking of associating image files for each asset but don't want to run into copyright issues.

What do you think? Thanks.

[nutildah]

Nobody's bothered to mention it here yet, which speaks more about the current popularity of the forum than anything else, but both Adam K. (Phantom Phreak) and Robby D. (xnova) have returned to Counterparty & have already contributed a lot to development (or re-development).

https://twitter.com/agkrellenstein/status/1756968626765058249

As a result, the price of XCP has surged from about $3 to $9.50. Wish I hadn't sold the rest of my bag at about $3.80    



Still, I'm more bullish on the future of Counterparty than possibly ever. Excited to see what comes next.

[satocard]

Nobody's bothered to mention it here yet, which speaks more about the current popularity of the forum than anything else, but both Adam K. (Phantom Phreak) and Robby D. (xnova) have returned to Counterparty & have already contributed a lot to development (or re-development).

https://twitter.com/agkrellenstein/status/1756968626765058249

As a result, the price of XCP has surged from about $3 to $9.50. Wish I hadn't sold the rest of my bag at about $3.80    

https://talkimg.com/images/2024/02/25/Y9fcH.png

Still, I'm more bullish on the future of Counterparty than possibly ever. Excited to see what comes next.

Counterpraty cofounders back,

[nutildah]

$XCP already up to $13.07... still has about $27 to go before it reaches the initial BTC burn parity price.

[wendy107th]

lol

[wendy107th]

i have 1524 of this dont get it out af the wallet LOL seed words dont work 

[nutildah]

i have 1524 of this dont get it out af the wallet LOL seed words dont work  

Uh, there's a few ways around that. I'm a bit busy now but I can talk you through it later. Feel free to send me a DM. Just don't accept offers from newbies or red trusted members who want to "help" you before then -- they are scammers.

[RoxxR]

i have 1524 of this dont get it out af the wallet LOL seed words dont work 

Can you clarify, 1524 of what?   According to xchain there is no address with 1524 XCP...

[MarquiseMuseum]

Where is the Counterparty forum?

I have a project from 2017 and the forum contains a causality link between the vault and art which is probably worth in the vicinity of $500m.

https://forums.counterparty.io/t/ticker-marquimuseum-now-in-float-on-counterparty-platform-pegged-to-xcp-1-1/4396

How is it humanly possible that a forum that remained untouched for 6 years is SUDDENLY gone missing a few months after I presented the causality as requested by bitcointalk legendaries?

HOW IS THIS POSSIBLE

Naturally I predicted this and saved screenshots:

waves can hit 50usd in 2024?

$15-$30 no problem.

Synthetics and NFTs, $100+


Marquise Museum with $60k cash buyout and $60k exchanged into 1.5m gwx can be pumped and sustained from $70k cap to $500m-$5bn within 12 months.
https://www.coinlore.com/coin/marquise-museum

It is a 2017 image vault the only one of its type, other ABTs from 2017 backed by fiat or gold are mostly worthless. the 60 images collection were ported to NFT in 21/22 and the token vault is a first to market invention by the museum with patent study 1800-14-04, today widely copied in the NFT industry.

https://tc.prv.se/aktinsyn/servlet/akt/?lang=sv&ansnr=18001404

Appraised to $2m in 2021 by swedish chamber of commerce when reference project like Cryptopunks were trading x10 lower floor than today.

https://docdro.id/d42ND6g

Recent alien punk NFT sale at $16 million is a good reference where the 2017 images could auction for with christies and artbasel partnership. That's $500m for the published lot of 30 1/1's and $1bn for the combined 60 including 30 unpublished artworks from the pimp fashion collection.

As expected the most important source to certify causality between tokens and images were deleted so this is the screenshots from counterparty forum to prove the claim that the 3 vaults on eth, xcp and waves were created with the art as backing asset.

https://forums.counterparty.io/t/ticker-marquimuseum-now-in-float-on-counterparty-platform-pegged-to-xcp-1-1/4396





https://xchain.io/asset/MARQUIMUSEUM
https://bitcointalk.org/index.php?topic=2966730.msg30480040#msg30480040


There are other provenance sources to verify this claim aswell.

The entire counterparty forum was deleted a few months after I rediscovered the causality link, think about that for a second. A vital link between the tokens and art worth $500m deleted a few months after 6 years online undisturbed...

There are no coincidences here friends.

When waves NFT marketplace is ready the vault and images will have similar swap design as the ERC-20 main asset:

https://matcha.xyz/tokens/ethereum/0xa4daae9552cd2390ee1dcdd1a76bc8d0eea22609
https://opensea.io/collection/pimpfashion3

Here you will find that the Opensea NFTs were all published using the 2017 holding wallet of the vault supply
https://etherscan.io/tx/0xa259c427bb211a2147a09f0acb35a3b030e2aceb9e95aabac4e59605667d7a16

The waves publication will follow this structure using the 2018 mint wallet:
https://wavesexplorer.com/assets/BS1KFNR8zrXKBEWdUUvpaP6G57Hic3aESkwK7qQKdLpB

The ERC-20 version is for sale OTC at $3m pre-christies for 99.85% of the vault stock and 100% of NFTs

The waves vault is currently trading at $75 000 to $130 000 cap and its NFT base asset will be published using Sign art 2.0 puzzle or waves native NFT marketplace at $1000 per NFT which should prove a lucrative starting point for collectors and speculators.

I am inclined to sell the waves sandbox version and NFTs as a combined lot OTC to a single buyer or consortium of well connected industry players for $60 000. I will then navigate them through the $500m monetization phase because Christies dont accept submissions from the source artist, we need a third party sale first preferably with established aftermarket sales over a 6-12 month period.

The ERC-20 is appraised at $2m-$20m and could appreciate to $500m I am not sure that the waves version will be worth as much. This is still a high risk investment.

You received a bid of $1M for 49% of the collection and you didn't take it?  

The ERC20 tokens being from 2017 is a good start, and it appears the images are also from around that time, but last I looked at it I didn't see anything that necessarily connected the art with the tokens on the blockchain or elsewhere.

What would help is links to something that proves the "off-chain provenance" of the artwork being associated with the tokens.

https://web.archive.org/web/20230129081852/https://forums.counterparty.io/t/ticker-marquimuseum-now-in-float-on-counterparty-platform-pegged-to-xcp-1-1/4396

[*Sakura*]

What wallet are you use for XCP now? Counterwallet io seems not working.