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

[bitwhizz]

What's happening with the XCP price?  Are people worried about sidechains?  I noticed XCP and MSC prices have been moving in sync lately, but XCP is way down in comparison over the last 24 hours:

http://coinmarketcap.com/xcp_7.html
http://coinmarketcap.com/msc_7.html

Anyone know what that's about?

XCP down 20 % in the past week
UP 420% in a couple months

go figure

[bitcoinrocks]

XCP down 20 % in the past week
UP 420% in a couple months

Are we talking about the same XCP?

http://coinmarketcap.com/xcp_90.html

[bitwhizz]

XCP down 20 % in the past week
UP 420% in a couple months

Are we talking about the same XCP?

http://coinmarketcap.com/xcp_90.html

Yes burn/IPO was under 0.001/xcp

[bitcoinrocks]

Sure but that price wasn't set by the market.  Anyway, I'm not knocking XCP.  I think it's great.  I'm just wondering if anyone has an explanation for the recent deviation in price between it and MSC.

[qwertyqwerty]

the price is just correcting as the initial hype is over. the buy wall on bter looks to be thinning out, keep an eye out for cheap coins.

[stereotype]

so should I use counterwallet now or bter?? What do you guys use?

Simple send and receive seems to work fine.
Asset buying and selling on the other hand, is a minefield, and is going to need re-thinking/working, if its to be adopted in a meaningful way, IMO.

Send and receive works for XCP or for BTC too ?

Yes. Sent BTC tx was instantly shown on blockchain.

[johnybyo]

XCP down 20 % in the past week
UP 420% in a couple months

Are we talking about the same XCP?

http://coinmarketcap.com/xcp_90.html

Yes burn/IPO was under 0.001/xcp

MSC few big holders can manipulate price.

[BitThink]

What's happening with the XCP price?  Are people worried about sidechains?  I noticed XCP and MSC prices have been moving in sync lately, but XCP is way down in comparison over the last 24 hours:

http://coinmarketcap.com/xcp_7.html
http://coinmarketcap.com/msc_7.html

Anyone know what that's about?

Web wallet makes the early adopters much easier to sell. That's not a surprise.

[led_lcd]

Crossposted from https://forums.counterparty.co/index.php?topic=249

I'm proud to announce the immediate launch of the Spolcyc Mining Experiment for Gigahashes (SMEG). SMEG is demonstration of the super awesome-ness of Counterparty and what can be set up over a cup of orange juice. My friends and I had a few spare ASICs lying around. I decided I might as well do something interesting with them and here it is.

Would you like to mine some Bitcoins with the spare change in your Counterparty wallet?
Are you a Bitcoin miner and want to hedge against the cost of your investment reducing?
Would you like to speculate on the cost of a gigahash?
Would you like to know more?

Mine from your Counterparty wallet
For immediate sale is the asset GIGAHASH. Each GIGAHASH is backed with at least 100% of the value of each GIGAHASH. The price of each GIGAHASH is being sold at an initial rate equal to the volume weighted average price for the 14th April 2014 (GMT) on CEX.IO . Furthermore you will receive 10% more GIGAHASH when you pay in XBTC.

Proof of hash power can be found at:
http://eligius.st/~wizkid057/newstats/userstats.php/1cQ7qhBbV4JmefCRCawsvqEP7QLU2jUh7

Payouts from Eligius (yes we still love you Luke-jr) will be paid directly to the address in which controls the issuance of GIGAHASH. Dividends will be paid in BTC to all shareholders within 24 hours of a payout from Eligius. Keep an eye on the statistics when pricing your orders on the DEX! Management fees for the cost of running the hardware is set at 3% and will be deducted from the payout prior to dividend payment.

The volume weighted average price on CEX.IO for 13/04/2014 (GMT) was 0.01067424 BTC/GHS.

The price for you is 0.01067424 BTC/GIGAHASH or 0.009606816 XBTC/GIGAHASH.

Mining operations have already commenced and the first payout is only 24 hours away from the time of writing.

Hedging against price movements of GHS/BTC
I'd like to also announce the development of the CEX.IO GHS/BTC VWAP (Volume Weighted Average Price) broadcast. Each day, just after 00:00 GMT the VWAP price of GHS/BTC on CEX.IO will be broadcast. You may use this to hedge against the price of a GIGAHASH falling! Test broadcasts will start in approximately 1 week's time and I hope the feed will be production-worthy by the time Counterwallet has betting available on main-net.

More details and scenerios to follow soon.


FAQ
Why is there a discount for GIGAHASH when purchasing in XBTC?
Because I issued XBTC and I want you to use it :-). Seriously, this is an experiment on the DEX and I want you to use as many features of Counterparty as possible.

Will I start earning BTC immediately when I hold some GIGAHASH?
No this is not CEX.IO. You will receive a dividend proportional to your holdings of GIGAHASH within 24 hours of when Eligius pays SMEG. Part of the fun when pricing your order is to consider the expected time to dividend payment :-)

How secure is the equipment backing GIGAHASH?
All GIGAHASH is undersubscribed by 10% to cover small unforseen circumstances. Should something go catastrophically wrong, I will pay the dividend from my own pocket. You will also see I have started hashing ahead of the public sale of GIGAHASH.

What are your plans for the future?
This is an experiment. What happens in the future depends on you the community. You can see the amount of hash power backing GIGAHASH is very small. If you take action and there is interest, I will progressively add hash power and issue more GIGAHASH for sale. I have the knowledge and contacts to scale this experiment to a fully functioning market if you want it to be one.

[relm9]

Sure but that price wasn't set by the market.  Anyway, I'm not knocking XCP.  I think it's great.  I'm just wondering if anyone has an explanation for the recent deviation in price between it and MSC.

MSC volume is pretty low, less than half that of XCP in the last 24 hours.

[kdrop22]

Crossposted from https://forums.counterparty.co/index.php?topic=249

I'm proud to announce the immediate launch of the Spolcyc Mining Experiment for Gigahashes (SMEG). SMEG is demonstration of the super awesome-ness of Counterparty and what can be set up over a cup of orange juice. My friends and I had a few spare ASICs lying around. I decided I might as well do something interesting with them and here it is.

Thank you for setting this up, this is the kind of innovation and services we need on top of this platform.

[BitcoinTangibleTrust]

Crossposted from https://forums.counterparty.co/index.php?topic=249

I'm proud to announce the immediate launch of the Spolcyc Mining Experiment for Gigahashes (SMEG). SMEG is demonstration of the super awesome-ness of Counterparty and what can be set up over a cup of orange juice. My friends and I had a few spare ASICs lying around. I decided I might as well do something interesting with them and here it is.

We at BitcoinTangibleTrust vouch for led_lcd he supported us with our initial launch and has shown that he is willing to help Counterparty applications and features succeed.

We look forward to supporting this experiment because he not only supported our launch, but he is ridiculously smart and is a Counterparty member to watch carefully.

Go led_lcd!
Make it rain GIGAHASHES!

[CryptoFinanceUK]

Crossposted from https://forums.counterparty.co/index.php?topic=249

I'm proud to announce the immediate launch of the Spolcyc Mining Experiment for Gigahashes (SMEG). SMEG is demonstration of the super awesome-ness of Counterparty and what can be set up over a cup of orange juice. My friends and I had a few spare ASICs lying around. I decided I might as well do something interesting with them and here it is.

We at BitcoinTangibleTrust vouch for led_lcd he supported us with our initial launch and has shown that he is willing to help Counterparty applications and features succeed.

We look forward to supporting this experiment because he not only supported our launch, but he is ridiculously smart and is a Counterparty member to watch carefully.

Go led_lcd!
Make it rain GIGAHASHES!

I'd like to echo this. led_lcd has been extremely generous, both with his time and expertise, in helping me to refine my ideas for building a ratings agency on top of Counterparty. Brilliant guy.

[mtbitcoin]

Crossposted from https://forums.counterparty.co/index.php?topic=249

I'm proud to announce the immediate launch of the Spolcyc Mining Experiment for Gigahashes (SMEG). SMEG is demonstration of the super awesome-ness of Counterparty and what can be set up over a cup of orange juice. My friends and I had a few spare ASICs lying around. I decided I might as well do something interesting with them and here it is

Congrats +1

[prophetx]

Mine from your Counterparty wallet
For immediate sale is the asset GIGAHASH. Each GIGAHASH is backed with at least 100% of the value of each GIGAHASH. The price of each GIGAHASH is being sold at an initial rate equal to the volume weighted average price for the 14th April 2014 (GMT) on CEX.IO . Furthermore you will receive 10% more GIGAHASH when you pay in XBTC.

seems like you are losing 10%, why should we invest in a business that is losing money?

[BigWait]

$ ./counterpartyd.py -v --rpc-password=$BTCPASS server
Traceback (most recent call last):
  File "./counterpartyd.py", line 21, in <module>
    from lib import (config, api, util, exceptions, bitcoin, blocks)
  File "/home/counterpartycoin/counterpartyd/lib/api.py", line 7, in <module>
    from werkzeug.wrappers import Request, Response
  File "/usr/local/lib/python3.2/dist-packages/werkzeug/__init__.py", line 154, in <module>
    __import__('werkzeug.exceptions')
  File "/usr/local/lib/python3.2/dist-packages/werkzeug/exceptions.py", line 111
    return u'<p>%s</p>' % escape(self.description)
                      ^
SyntaxError: invalid syntax

[freedomfighter]

As to the exchange rate decline in the XCP token/platform value:

As I kept trying to bring up in the past, there should be clear marketing message that will emphasize the areas in which XCP is needed exclusively. There is a difference between Counterparty the platform on which for 73 USD cents in current rates (0.5xcp) one can create assets, and XCP the token that is the exclusive token on which betting and other financial products can be created.

Examples/ideas:

Demo or real decentralized betting assets and better yet a demo or real betting platform on top of CP will go a long way to establish a higher value for xcp and market cap.  

Also, maybe someone that can answer technical/modeling/marketing can contact coindesk and the likes to get interviewed and have them make a feature on CP and its potential.  

btw: i think that reducing the price per asset to 0.5 xcp is not good for the platform and for xcp's value. maybe not 5 but why 0.5?

[led_lcd]

Mine from your Counterparty wallet
For immediate sale is the asset GIGAHASH. Each GIGAHASH is backed with at least 100% of the value of each GIGAHASH. The price of each GIGAHASH is being sold at an initial rate equal to the volume weighted average price for the 14th April 2014 (GMT) on CEX.IO . Furthermore you will receive 10% more GIGAHASH when you pay in XBTC.

seems like you are losing 10%, why should we invest in a business that is losing money?

Thanks for pointing out the ambiguity. The 10% incentive only exists for the initial release of GIGAHASH and not going forward.

[ShroomsKit_Disgrace]

Soooo, Did finally the "Bosses of BTC" let you run your protocol on top of BTC??

[helloge]

why dumping of the price recently?