deliciousowl
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April 16, 2014, 08:52:18 PM |
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I wouldn't use Mastercoin as toilet paper. It reeks of arrogance and greed.
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Bountyful
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Merit: 0
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April 16, 2014, 08:58:33 PM |
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Counterparty gets more Press from the Finance Industry: The People Who Burn BitcoinsIn January, in one of the lesser-known corners of the Internet, people were burning bitcoins. Depending on where you pegged the price, anywhere from $1.6 million to $2 million worth of the digital currency was effectively destroyed, and a website called Counterparty.co was stoking the coals. Run by a group of anonymous developers, Counterparty was distributing a newly created digital currency in exchange for bitcoins.
Full Read: http://www.minyanville.com/business-news/editors-pick/articles/The-People-Who-Burn-Bitcoins-bitcoin/4/16/2014/id/54627
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reader31
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April 16, 2014, 09:11:40 PM |
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With Counterparty Protocol technology, we are the tip of the serrated, bleeding, and profitable edge of bitcoin2.0 innovation! We don't need to wait for sidechains! April 10, 2014 - Abstract: The next major wave of Bitcoin regulation will likely be aimed at financial instruments, including securities and derivatives, as well as prediction markets and even gambling. While there are many easily regulated intermediaries when it comes to traditional securities and derivatives, emerging bitcoin-denominated instruments rely much less on traditional intermediaries. Additionally, the block chain technology that Bitcoin introduced for the first time makes completely decentralized markets and exchanges possible, thus eliminating the need for intermediaries in complex financial transactions.
In this article we survey the type of financial instruments and transactions that will most likely be of interest to regulators, including traditional securities and derivatives, new bitcoin-denominated instruments, and completely decentralized markets and exchanges. We find that bitcoin derivatives would likely not be subject to the full scope of regulation under the Commodities and Exchange Act because such derivatives would likely involve physical delivery (as opposed to cash settlement) and would not be capable of being centrally cleared. We also find that some laws, including those aimed at online gambling, do not contemplate a payment method like Bitcoin, thus placing many transactions in a legal gray area.
Following the approach to Bitcoin taken by FinCEN, we conclude that other financial regulators should consider exempting or excluding certain financial transactions denominated in Bitcoin from the full scope of the regulations, much like private securities offerings and forward contracts are treated. We also suggest that to the extent that regulation and enforcement becomes more costly than its benefits, policymakers should consider and pursue strategies consistent with that new reality, such as efforts to encourage resilience and adaptation.Download your copy and go build something awesome on Counterparty today!: https://www.dropbox.com/s/n76dosa3hcaldqi/SSRN-id2423461.pdfGreat thx for this! I just got some time to play around with counterparty. Was looking to integrate it with a project I'm working on. I need a few high level clarifications regarding this, I want to be able create and move a bunch of counterparty assets amongst bitcoin addresses on my server. So far I have used the BitcoinSCI library to create the bitcoin addresses on my server(using php framework). Now I need figure out the best way to create and distribute counterparty assets between these addresses. Here are two specific questions, 1) I want to create one main asset and a bunch of subassets under that. Does counterparty support subassets yet? 2) I want to be able to move an asset from an issuer address(Address A) to another address(Address B) without Address B needing to make any payment. Think of it as a free asset or "token" that I would like to award to Address B. Is this possible? Any and all help from knowledgeable people is appreciated. Thx.
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danielpbarron
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Daniel P. Barron
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April 16, 2014, 09:16:04 PM |
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2) I want to be able to move an asset from an issuer address(Address A) to another address(Address B) without Address B needing to make any payment. Think of it as a free asset or "token" that I would like to award to Address B. Is this possible? Yes; you can send assets to any bitcoin address you like. The owner of that address doesn't have to know that you sent him anything, or even be aware that counterparty exists.
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Marriage is a permanent bond (or should be) between a man and a woman. Scripture reveals a man has the freedom to have this marriage bond with more than one woman, if he so desires. But, anything beyond this is a perversion. -- Darwin Fish
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freedomfighter
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April 16, 2014, 09:25:28 PM |
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I still didnt touch my XCPs from the burning period (as well as from other purchases through BTER).
I'd like to unify them all in one wallet later in the week.
Is there a ramification between new and old counterwallet? should I just go ahead and use the NEW counterwallet for performing this?
TY
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BitcoinTangibleTrust
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Merit: 10
Digitizing Valuable Hard Assets with Crypto
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April 16, 2014, 10:02:55 PM |
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Excellent efforts! +1 for getting out and meeting folks.
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Mrrr
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April 16, 2014, 10:52:09 PM |
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Is this VHS or Beta?
I've mentioned it before and I need to mention it again. I'm a little dismayed that MSC is moving up in price while XCP is moving down. I like XCP better for some reason, although I'm not completely sure why. I think MSC's initial lack of progress turned me off.
Any really sober and unemotional comments on this?
, Sober not completely but unemotional yes: A, still, good argument against POB is that, while it is the most fair distribution model available, it leaves little room for development. Phantom and Xnova have been paying the whole ride out of their own pockets up till this very day. MSC had a rather badass development fund from the start. MSC can light a cigar, lean back and plan the strategy while Counterparty can only do so much planning after coming home from work at 6:30. MSC was the first. It has a community with interests they are determined to defend. Counterparty only just got here. In short: I suppose MSC's community support and 'anciennety' make it a more interesting object for speculation. (the Vulcan High Council just informed me that this comment is not entirely unemotional also. I beg you pardon) The Counterparty team is all full-time. Counterparty is clearly leading the space with regards to technology. Thanks for the edit: Counterparty is 24/7 even when there is no dev fund to pay the rent. I say rock&roll
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burp...
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x0rcist
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April 16, 2014, 11:43:47 PM |
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Been folowing this silent for a few weeks now. Looks like a great time to get on board!!
+1
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halfcab123
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Merit: 100
CabTrader v2 | crypto-folio.com
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April 17, 2014, 12:37:29 AM |
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Something worth mentioning to those concerned about MSC price .... As far as I can tell Mastercoin has not appreciated in value in terms of Bitcoin in the past week or so maybe longer.
In addition for a project like Mastercoin with so much invested, so much PR, so much presence on the Crypto-stage, the trade volume might as well be $0. Counterparty, although having more centralized exchange footprint, has 30% more 24 Hour volume, and has had much much more than that at times in the past weeks, despite a self sufficient development team, and virtually zero organized marketing effort.
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DayTrade with less exposure to risk, by setting buy and sell spreads with CabTrader v2, buy now @ crypto-folio.com
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Mrrr
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April 17, 2014, 01:24:31 AM |
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Something worth mentioning to those concerned about MSC price .... As far as I can tell Mastercoin has not appreciated in value in terms of Bitcoin in the past week or so maybe longer.
In addition for a project like Mastercoin with so much invested, so much PR, so much presence on the Crypto-stage, the trade volume might as well be $0. Counterparty, although having more centralized exchange footprint, has 30% more 24 Hour volume, and has had much much more than that at times in the past weeks, despite a self sufficient development team, and virtually zero organized marketing effort.
halfcab: this is the argument I wanted to make but didn't manage to. Thanks.
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burp...
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Mrrr
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April 17, 2014, 01:59:27 AM |
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We're received a report of a loss (e.g. potential theft) of ~0.385 BTC from a Counterwallet user. No XCP or any other asset was removed, and the loss was from a "new wallet" (counterwallet.co) address that the user manually moved BTC to from their old (old.counterwallet.co) wallet. The funds went to: https://blockchain.info/address/1K31gDdh5n1GjXtbR8G2WpqnZawWEroQGDAt this point, we don't believe this is an issue with the wallet itself, but we are asking anyone with BTC in their wallet that have used the new wallet version (with the changed addresses) to log in and verify their funds are still intact. If this is NOT the case, and you have experienced an unexpected loss (of BTC especially), please (after doublechecking things) email dev@counterparty.co directly, with a report (include screenshots as well). For now, we advise people to minimize their use of the new wallet system, but we are keeping the new system up to allow continued access to funds (and if it appears that this issue is affecting other users, we will change our stance here). The difference from the "old" counterwallet to the "new" counterwallet was basically an update of bitcoinjs-lib (the javascript bitcoin library we use). We are in touch with the bitcoinjs-lib team about a potential issue here. As a precautionary measure, to avoid the risk of issue in the future (even if this specific loss of funds incident does not involve counterwallet code), we are currently in the process of modifying the previous version of bitcoinjs-lib -- that we have used successfully from Counterwallet launch to yesterday -- to work with the new wallet addresses (i.e. correct HD Wallet addresses). Once this work is complete, we will resume using this previous version, and stick with it until there is a) a major point release of bitcoinjs that b) we can independently verify. Once this issue has been fully resolved, we will be in a better position to assess the root causes, as well the impact. Thanks for your patience. I am the user referred to here. Ask me anything. What are you wearing?
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burp...
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romerun
Legendary
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Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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April 17, 2014, 03:33:41 AM |
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Who else lost coins by switching to the new counterwallet and how ? Mine is fine as of today. I hear 2 users see 0 balances, danbarron lost btc.
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halfcab123
Full Member
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Activity: 224
Merit: 100
CabTrader v2 | crypto-folio.com
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April 17, 2014, 03:37:48 AM |
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Who else lost coins by switching to the new counterwallet and how ? Mine is fine as of today. I hear 2 users see 0 balances, danbarron lost btc.
I did the switch. But I imported my private key into QT and used counterpartyd to do the send to my new wallet. So I'm not of any help probably, anyways needless to say it seems to have worked fine...
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DayTrade with less exposure to risk, by setting buy and sell spreads with CabTrader v2, buy now @ crypto-folio.com
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PhantomPhreak (OP)
Sr. Member
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Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
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April 17, 2014, 04:04:37 AM |
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Who else lost coins by switching to the new counterwallet and how ? Mine is fine as of today. I hear 2 users see 0 balances, danbarron lost btc.
The theft of danielpbarron's BTC is separate from the (predictable) confusion resulting from switching to the new address-generation algorithm, which requires the sweeping of funds from old.counterparty.co. If the former was due to a bug in BitcoinJS (unclear), then it was independent of the latter.
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sparta_cuss
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April 17, 2014, 04:09:17 AM |
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Who else lost coins by switching to the new counterwallet and how ? Mine is fine as of today. I hear 2 users see 0 balances, danbarron lost btc.
The theft of danielpbarron's BTC is separate from the (predictable) confusion resulting from switching to the new address-generation algorithm, which requires the sweeping of funds from old.counterparty.co. If the former was due to a bug in BitcoinJS (unclear), then it was independent of the latter. I did not sweep. I just did individual sends for BTC and XCP. (That will work, right?) I'm in the middle of my last BTC send now, and everything has gone smoothly.
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"We must be willing to let go of the life we have planned, so as to have the life that is waiting for us." - E.M. Forster NXT: NXT-Z24T-YU6D-688W-EARDT BTC: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s
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flayway
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April 17, 2014, 04:13:18 AM |
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I cant sweep because that saying no btc in address.
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XCP: 19zzpgk3oakH2b7zd63mw3DadtNkvefVfo BTC: 1ASSkiRsqRUUp5Y8YQYnuc41fBbYR3iRD2
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PhantomPhreak (OP)
Sr. Member
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Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
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April 17, 2014, 04:22:10 AM |
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I cant sweep because that saying no btc in address.
Can you send a small amount of BTC there and try again? (Say, .001 BTC.)
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