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

[BitcoinTangibleTrust]

Product and Service Updates April 29, 2014
Our mission is to digitize all valuable assets into the Counterparty platform and to build a trustless, yet reputable service that delivers unmatched ability to access asset markets, globally.

BitcoinTangibleTrust changes to DigitalTangibleTrust
We've changed our name and our website. We are now Digital Tangible Trust and we have soft-launched our updated website today. You may visit our new site at http://www.digitaltangibletrust.com.

For those who don't know us, we currently have digitized over $17,000 in precious metals assets on Counterparty in just 1 month.

we still have much work to do to help explain and educate the market about our value proposition. Thanks for the feedback from Matt Y and led_cd for the directions. We have more to come!


New Product: Netagio's Gold Bullion Coin
We now accept Gold Bullion purchases of 100g Swiss Gold into Counterparty Gold Bullion Coins with Netagio. You may read more about our partnership with Netagio here: http://www.digitaltangibletrust.com/blog/


The DigitalTangibleTrust Team
We are powered by XCP!
Cross Posted to Counterparty Forums: https://forums.counterparty.co/index.php/topic,203.0.html

[kelvin123]

Hi Guys,

I have a question, I bought 200 xcp before and the guy sent to my blockchain bitcoin address. Now I want to sell them all. Can somebody tell me how to transfer them to some exchange platform and sell them?

Thanks

[halfcab123]

Hi Guys,

I have a question, I bought 200 xcp before and the guy sent to my blockchain bitcoin address. Now I want to sell them all. Can somebody tell me how to transfer them to some exchange platform and sell them?

Thanks

Create new wallet on Counterwallet.co and then import your private key for your address you burned from (Bitcoin QT format) seems to work fine. You also want to make sure that the address you burned from has about 0.001 BTC on it. Open a BTER.com account and generate an XCP address, send XCP from counterwallet.co to BTER and then sell there. (Only reason I wouldn't suggest selling via counterwallet.co is that the volume seems to be low, however correct me if I'm wrong, 200xcp might be a small enough amount to sell directly from counterwallet.co exchange.

[halfcab123]

IDEA for CityGlut, Xnova, and Matt Y.

Why not issue a secondary token on Counterparty like XCP, but this time hold a crowdfund, so that the funds are not burned but collected, and then launch a marketing missile built with those monies. I would say aim to raise 2,000 BTC. This entire community including other communities has nothing but trust for this project and its initiators. Word has gotten well around, that there is no greed at the foundation here.

I'm not sure of the specifics, but something could be issued that might be pegged with something else at a later date ? Or devise something to give incentive to investors.. its very possible.

[frozen123]

IDEA for CityGlut, Xnova, and Matt Y.

Why not issue a secondary token on Counterparty like XCP, but this time hold a crowdfund, so that the funds are not burned but collected, and then launch a marketing missile built with those monies. I would say aim to raise 2,000 BTC. This entire community including other communities has nothing but trust for this project and its initiators. Word has gotten well around, that there is no greed at the foundation here.

I'm not sure of the specifics, but something could be issued that might be pegged with something else at a later date ? Or devise something to give incentive to investors.. its very possible.

Hi halfcab123

Thanks for what you did for the Counterparty project.

personally i don't agree with this idea  "issue a  new coin for marketing Fund" .

because i think the reputation is very important for  Counterparty ,Counterparty is building the A PEER-TO-PEER FINANCIAL PLATFORM.  Not like other coins.

We all knew the Counterparty project isn't short-term project and they are trying to make sure that selected media outlets will be approaching their strategically to help ensure Counterparty get a positive result.

example  :DOGECOIN had a very good marketing strategic but i don't think that plan is good for the Counterparty.

[pvkpgp]

hello 
     
     I'm very interested.

     I want join it, get a share.

     I believe you will be successful！！！

    thank you!

[BldSwtTrs]

IDEA for CityGlut, Xnova, and Matt Y.

Why not issue a secondary token on Counterparty like XCP, but this time hold a crowdfund, so that the funds are not burned but collected, and then launch a marketing missile built with those monies. I would say aim to raise 2,000 BTC. This entire community including other communities has nothing but trust for this project and its initiators. Word has gotten well around, that there is no greed at the foundation here.

I'm not sure of the specifics, but something could be issued that might be pegged with something else at a later date ? Or devise something to give incentive to investors.. its very possible.

That would dilute the value of XCP, we would all lose money, and that would be disastrous for the trust in the coin.

We might as well give directly our XCP to the devs, at least that would save us the reputation to be the only coin which increase its money supply on a whim.

[duola9527]

It's built into both the sidechain-BTC and mainnet-BTC.  If you have 1 sidechain BTC, it will always be redeemable for 1 mainnet BTC directly through the transfer process.

[Chang Hum]

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market   of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price                      Madesafe per Mastercoin                      Mastercoin required for IPO                %of mastercoin in existance                                      
0.0001 (real value, pre ipo)                    1.7                                                       252645135                                         40700%
0.06 (maidsafe move price 1)                1020                                                      421075                                            68% (lol)
0.08 (maidsafe move price 2)                1360                                                      315806                                            51%
0.2  (crowdsource incentive price)     3400                                                                  126322                                                       20%  

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

Edited to change real value (missed a .0) as explained here: https://bitcointalk.org/index.php?topic=395761.7860

[delulo]

IDEA for CityGlut, Xnova, and Matt Y.

Why not issue a secondary token on Counterparty like XCP, but this time hold a crowdfund, so that the funds are not burned but collected, and then launch a marketing missile built with those monies. I would say aim to raise 2,000 BTC. This entire community including other communities has nothing but trust for this project and its initiators. Word has gotten well around, that there is no greed at the foundation here.

I'm not sure of the specifics, but something could be issued that might be pegged with something else at a later date ? Or devise something to give incentive to investors.. its very possible.

That would dilute the value of XCP, we would all lose money, and that would be disastrous for the trust in the coin.

We might as well give directly our XCP to the devs, at least that would save us the reputation to be the only coin which increase its money supply on a whim.

I would be happy to donate even a big amount of my stake if I know everyone else does so it actually has an effect.

[Chang Hum]

Interested coin
It is the other way to BTC

If you are subversively suggesting we are now at the bottom of the intelligence bell curve in terms of market participants and the markets are likely to implode due to stupidity and blind greed I agree. 

[romerun]

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market   of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price                      Madesafe per Mastercoin                      Mastercoin required for IPO                %of mastercoin in existance                                      
0.001 (real value, pre ipo)                    17                                                        25264513                                         4000%
0.06 (maidsafe move price 1)                1020                                                      421075                                            68% (lol)
0.08 (maidsafe move price 2)                1360                                                      315806                                            51%
0.2  (crowdsource incentive price)     3400                                                                  126322                                                       20%  

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

I don't get, how could a serious project be involved with this kind of scheme.

[TheMightyX]

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market   of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price                      Madesafe per Mastercoin                      Mastercoin required for IPO                %of mastercoin in existance                                      
0.001 (real value, pre ipo)                    17                                                        25264513                                         4000%
0.06 (maidsafe move price 1)                1020                                                      421075                                            68% (lol)
0.08 (maidsafe move price 2)                1360                                                      315806                                            51%
0.2  (crowdsource incentive price)     3400                                                                  126322                                                       20%  

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

I already knew about this,
But seeing it put in a nice little chart like that really pisses me off.
It's hard to know what to think. I've been following maidsafe for years, and I would like to think the developers wear white hats.
Maybe more like grey hats now...

[nakaone]

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market   of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price                      Madesafe per Mastercoin                      Mastercoin required for IPO                %of mastercoin in existance                                      
0.001 (real value, pre ipo)                    17                                                        25264513                                         4000%
0.06 (maidsafe move price 1)                1020                                                      421075                                            68% (lol)
0.08 (maidsafe move price 2)                1360                                                      315806                                            51%
0.2  (crowdsource incentive price)     3400                                                                  126322                                                       20%  

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

I already knew about this,
But seeing it put in a nice little chart like that really pisses me off.
It's hard to know what to think. I've been following maidsafe for years, and I would like to think the developers wear white hats.
Maybe more like grey hats now...

it is of course a fishy market manipulation, but why do we even care? I even do not see a reason why maidsafe wouldn't work with bitcoins as native currency, I think storj is doin basically the same with bitcoin as native currency.
I think the maidsafe guys are new in the cryptocurrency area and were interconnected with david johnston before. He is a supporter of mastercoin and wanted to set an incentive for buying or using mastercoin. The funding did not work out that well and so some people are angry. But no one was forcing you to participate on this scheme. Anyway we can learn a lot from this and that said I really like that counterparty is trying to grow organically.

[mishax1]

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market   of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price                      Madesafe per Mastercoin                      Mastercoin required for IPO                %of mastercoin in existance                                      
0.001 (real value, pre ipo)                    17                                                        25264513                                         4000%
0.06 (maidsafe move price 1)                1020                                                      421075                                            68% (lol)
0.08 (maidsafe move price 2)                1360                                                      315806                                            51%
0.2  (crowdsource incentive price)     3400                                                                  126322                                                       20%  

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

"0.001 (real value, pre ipo)"

It was actually 0.01

0.001 was XCP's IPO price

[Chang Hum]

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market   of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price                      Madesafe per Mastercoin                      Mastercoin required for IPO                %of mastercoin in existance                                      
0.001 (real value, pre ipo)                    17                                                        25264513                                         4000%
0.06 (maidsafe move price 1)                1020                                                      421075                                            68% (lol)
0.08 (maidsafe move price 2)                1360                                                      315806                                            51%
0.2  (crowdsource incentive price)     3400                                                                  126322                                                       20%  

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

"0.001 (real value, pre ipo)"

It was actually 0.01

0.001 was XCP's IPO price

Whoops missed a .0 out!!

Somethings only worth what you can sell it for. The entire buy side of Masterxchange was $26000. 26000/429496729 = 0.00006, which I rounded up to 0.0001

So at a rate of 0.00006 Mastercoins wouldn't have been diluting Bitcoins in the same way (Also this would have been impossible as per the table above, would have required more mastercoin than exist).

Since the IPO the speculative value of Mastercoins have increased and the current value in relation to this IPO is 0.0001

[mishax1]

Hey.. do you remember XCP's IPO ?   where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

[mishax1]

Hey.. do you remember XCP's IPO ?   where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

Dump them on what market? buyers had to go through the same process so there was no real market  

Because I have 1000000 widgets and I sell a widget to a friend for $1, it doesn't mean the market for my widgets now becomes $1000000!

Even after it got on Poloniex most of the investors couldn't use send thair xcp..

[porqupine]

Hey.. do you remember XCP's IPO ?   where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

The super complex installation you refer to involved running a build script, and using a command line to set the send destination, amount, source and asset ? The former obviously has nothing to do with the dev's - since anybody could do it.
Of course burning Bitcoins on the same footing as your average-Joe was a shameless way for the dev's to take advantage of the community. Do you even understand what you're saying? If anything it was fair to the point of stupidity.

[bitcoinrocks]

IDEA for CityGlut, Xnova, and Matt Y.

Why not issue a secondary token on Counterparty like XCP, but this time hold a crowdfund, so that the funds are not burned but collected, and then launch a marketing missile built with those monies. I would say aim to raise 2,000 BTC. This entire community including other communities has nothing but trust for this project and its initiators. Word has gotten well around, that there is no greed at the foundation here.

I'm not sure of the specifics, but something could be issued that might be pegged with something else at a later date ? Or devise something to give incentive to investors.. its very possible.

This gave me an idea, but then again I don't have the clear understanding of Counterparty that many here have, so maybe this is silly or redundant.

How about issuing a Counterparty asset (XCPNOW?) which uses half of its invested funds to market or otherwise benefit Counterparty and half to buy XCP.  The fact that the XCPNOW organization holds half of its invested funds in XCP would give its shares some intrinsic value.  Besides benefiting Counterparty, this would be a good way to demonstrate and show off the asset system and let people gain some experience with it.  Buying XCP directly would have more potential for profit, so half of this investment would essentially be a donation.