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

[romerun]

Wow ! Stolen fund has been returned for the 2nd time.

[Matt Y]

So awesome.

[ddink7]

We have received the full amount of stolen funds at the donation address.

Thank you to the white hat for returning the funds. We greatly appreciate it.

To those members who lost funds: We will be sending your donation funds to the new addresses you provided in the next day. Sorry for the delay, and thank you for your patience.

Wow thank goodness!! I have been stressing so hard!

[Fernandez]

We have received the full amount of stolen funds at the donation address.

Thank you to the white hat for returning the funds. We greatly appreciate it.

To those members who lost funds: We will be sending your donation funds to the new addresses you provided in the next day. Sorry for the delay, and thank you for your patience.

Can anybody point to the original post which shows how and what was stolen?

[Matt Y]

Counterparty: Enabling Decentralization with Insight

http://bitcore.io/blog/articles/counterparty-enabling-decentralization-with-insight/

[frozen123]

Counterparty: Enabling Decentralization with Insight

http://bitcore.io/blog/articles/counterparty-enabling-decentralization-with-insight/

Cross-post:Counterparty Information Collections (news/artcles)<unofficial>         https://forums.counterparty.co/index.php/topic,264.0.html

[PhantomPhreak]

What does it mean if an order match is expired?

The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.

By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

I'm confused. Is the relevant issue that it's BTC that is being sold? Or does the seller of any asset need to remain logged in?  

What does it mean if an order match is expired?

The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.

By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

That sounds like a major inconvenience. An quite frankly I dont get why this has to be. Can somepne pls explain? How could we fully automate the process?

It's just for selling BTC. Because the Counterwallet servers hold none of your funds, the process cannot be further automated, no.

[frozen123]

The Insight developer said "Users happy with our work, also makes me happy"  


I think there is a colors function problem on Counterparty forums when i trying to highlight some words.

[mcjavar]

What does it mean if an order match is expired?

The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.

By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

I'm confused. Is the relevant issue that it's BTC that is being sold? Or does the seller of any asset need to remain logged in?  

What does it mean if an order match is expired?

The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.

By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

That sounds like a major inconvenience. An quite frankly I dont get why this has to be. Can somepne pls explain? How could we fully automate the process?

It's just for selling BTC. Because the Counterwallet servers hold none of your funds, the process cannot be further automated, no.

Good to have this cleared. In this case, it should be stated at least on the trading page...

[freedomfighter]

Dev's: a few questions please:

1) I saw the "creating an asset" clip. I noticed that dividends can be paid with any currency and not just XCP. what was the reasoning behind this? it would seem that this can be a legitimate area for creating an exclusive need and use for xcp.

2) what (if at all) is in your view the potential affect of side chains on the CP future plans and development. Assuming that the potential security and implementation flaws in that are solved, and it is launched by the end of say 2014?

3) what is the road map for enabling XCP exclusive uses on the CP platform?

4) Are you for example planning to create actual real world samples of XCP exclusive advanced applications (such as advanced financial products and betting applications) or is your role expected to exclusively provide tools for entrepreneurs to go ahead  (or not) and use the platform for development of such products? or is it a combination of both?
 

[freedomfighter]

Also, since the funds were returned (great!), please use my donation for the marketing fund. TY

[romerun]

1) I saw the "creating an asset" clip. I noticed that dividends can be paid with any currency and not just XCP. what was the reasoning behind this? it would seem that this can be a legitimate area for creating an exclusive need and use for xcp.
 

I guess dividend paid as BTC is not on the protocol level, but grabbing the addresses from the protocol and sendmany to them, thus might ended up with higher transaction fee, and no record on blockscan,

dividend paid as an asset, for example XBTC, requires trusting 3rd party

so ideally dividend should be paid in XCP, but due to volatility and market depth as the current stage, it's might not be suitable for a good size company

[ddink7]

Thank you to both the white hat and the devs. My 12.5 BTC have been restored. I am IMMENSELY grateful.

Devs: Actions like yours (intending to reimburse losses from your own pockets, before the white hat came forward) demonstrate amazing integrity and show great promise for the future of this protocol!

[Patel]

If you can issue assets denominated in BTC, and issue dividends in BTC, what gives XCP it's value?

Is there features you can only do with XCP?

[cityglut]

If you can issue assets denominated in BTC, and issue dividends in BTC, what gives XCP it's value?

Is there features you can only do with XCP?

Bets and CFDs can only be made with XCP.

[BitcoinTangibleTrust]

Counterparty: Enabling Decentralization with Insight

http://bitcore.io/blog/articles/counterparty-enabling-decentralization-with-insight/

+1 An excellent post. Congratulations Robby!

[Anotheranonlol]

If you can issue assets denominated in BTC, and issue dividends in BTC, what gives XCP it's value?

Is there features you can only do with XCP?

Besides features that require the use of XCP, you can think of XCP as 'shares' in the counterparty protocol in the same sense BTC are shares in the Bitcoin protocol, despite both being open source

Dev's: a few questions please:

1) I saw the "creating an asset" clip. I noticed that dividends can be paid with any currency and not just XCP. what was the reasoning behind this? it would seem that this can be a legitimate area for creating an exclusive need and use for xcp.

For a mining bond for example; there is no sense whatsoever in mining BTC, then every week attempting to use low liquidity exchange to convert that BTC to XCP, then paying your shareholders in XCP for them to convert back to BTC. The process would be a nightmare. The same goes for a myriad of other  situations where the issuer would like to either raise or send BTC directly. With current implementation they can take advantage of the decentralised exchange without being exposed to a proprietary token like XCP.

[xnova]

Hey guys, we did an update to Counterwallet last night (1.1.4).

This update should have fixed numerous outstanding bugs. Especially if you were having issues with sweeping, etc. feel free to try it again.

The history page is currently having issues, which we will get resolved today.

Any other issues, please post on the issues thread, or email to dev@counterparty.co (with a screenshot, if applicable).

Once the history page is resolved, I'll get a changelog out for it.

By popular demand , the next update will have an enhanced View Prices page that provides a better market overview

[Chang Hum]

Hello I'm attempting to move the xcp from my compromised wallet, but I'm unable to  select any action such as send using a chrome browser!

He/she has left  0.0007653 Bitcoin in dust in the account.

I've tried using internet explorer but can't even log in with this (and I have logged out of chrome and closed chrome browser first)!

Can someone please advise what I should do?

Thanks

[flayway]

If you can issue assets denominated in BTC, and issue dividends in BTC, what gives XCP it's value?

Is there features you can only do with XCP?

Bets and CFDs can only be made with XCP.

Betting need one or more verification from network?