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

[romerun]

Crossposting an interview of PhantomPhreak - https://forums.counterparty.co/index.php?topic=313.99999

[Chang Hum]

Thanks Romerun

[BitcoinTangibleTrust]

Counterparty Digital Asset company DigitalTangibleTrust makes Business Insider's Article:

"10 Most Promising Startups Building Stuff with Blockchain Technology"

http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5

[prophetx]

I think all XCP's should be re-burnt and replaced with a shared ownership of some of kind of fee structure within the system (then dividends can be paid to shareholders). XCP's are a pretty pointless design element of the system (unless someone can explain otherwise) and there doesn't seem to be any element in the system to provide financial incentives in any way.

The main price driver and use case for XCP is binary and complex betting as XCP is the only currency that can be escrewed. When betting functionality goes live in Counterwallet and feed sites pop up, the price of XCP will increase.

I understand myself as a small venture capitalist in the cryptoworld. this project has by far the funniest market valueation. AFAIK at least 3 people (you, xnova and phantomfreak) are working full time on this project, jahpowerbit and cityglut at least half-time (I think jah also full-time), there is much progress been made and some real-world projects are growing. counterwallet has unique features and xcp is the only currency which can be used for escrow and betting (although complicated). This project never stucked due to money reasons - even some of the most known guys in the bitcoin-sphere (peter and sergio) were hired to check the code, the developers have shown a very high level of coding skills as well as high intellectual capabilities - and the price does one thing: it goes down all the time and even losing with regard to other cryptocurrencies.

I am in 6-8 Projects where prices at least make some sense, one also was massively undervalued and corrected over the last weeks. I do not even know why I write this down and not simply buy more - but either me is stupid or this complete market is stupid. Anyway PLEASE KEEP THIS HIGH QUALITY OF WORK and do not care for the price. Prices are not always an indicator of quality. Let me know if I can help you. 

btw which was the project that corrected?  what do you think was the reason(s) for the correction?

[xnova]

Counterwallet testnet (testnet.counterparty.co) should be back up and working properly.

[Matt Y]

After the Ethereum Meetup Robby had an impromptu whiteboard discussion with interested developers. Robby will be creating a technical video series which will give entrepreneurs the information they need to build on Counterparty's platform.

https://www.bitcoinregime.com/2014/05/05/counterparty-co-tech-overview-by-robby-dermody/

[sparta_cuss]

Counterparty Digital Asset company DigitalTangibleTrust makes Business Insider's Article:

"10 Most Promising Startups Building Stuff with Blockchain Technology"

http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5

Congratulations! Nice exposure.

I like that I can say, "Hey, I sorta know those guys."

Edit: How did BI hear about your project?

[BitcoinTangibleTrust]

Counterparty Digital Asset company DigitalTangibleTrust makes Business Insider's Article:

"10 Most Promising Startups Building Stuff with Blockchain Technology"

http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5

Congratulations! Nice exposure.

I like that I can say, "Hey, I sorta know those guys."

Edit: How did BI hear about your project?

Thanks. We were quite surprised ourselves as we're laboring here in obscurity on our side. However, we're happy that someone took notice. Our 15 seconds of fame.

[Janitor]

I think all XCP's should be re-burnt and replaced with a shared ownership of some of kind of fee structure within the system (then dividends can be paid to shareholders). XCP's are a pretty pointless design element of the system (unless someone can explain otherwise) and there doesn't seem to be any element in the system to provide financial incentives in any way.

I disagree.

XCP's are necessary tools for using the Counterparty platform.
They don't need to provide any "incentives".

As someone mentioned in another comment to this idea, once people start using Counterparty, there will be demand for the only means of using this platform, and that is XCP.

[greatway]

How fast is the confirmation of XCP... is it tied to the 10 minutes confirmation of BTC?

[BitThink]

How fast is the confirmation of XCP... is it tied to the 10 minutes confirmation of BTC?

Yes.

[TheMightyX]

How fast is the confirmation of XCP... is it tied to the 10 minutes confirmation of BTC?

Yes.

What he meant to say was:
Unfortunately, yes

[romerun]

How fast is the confirmation of XCP... is it tied to the 10 minutes confirmation of BTC?

Yes.

Although only one confirmation is needed

[prophetx]

How fast is the confirmation of XCP... is it tied to the 10 minutes confirmation of BTC?

Yes.

Although only one confirmation is needed

not true.  there could be a re-org resulting from an orphaned chain.

[wendy5]

is there some good news？

[Anotheranonlol]

Do devs have strings file of counterwallet available? we can begin some localizations to make the app accessible for non native english speakers

[porqupine]

A very simple interface for Broadcasts / Bets: http://xcpfeeds.info/

[bahatassafus]

A very simple interface for Broadcasts / Bets: http://xcpfeeds.info/

+1
what are the plans for this project? is it / will it be open?

[porqupine]

A very simple interface for Broadcasts / Bets: http://xcpfeeds.info/

+1
what are the plans for this project? is it / will it be open?

It works now, at least as far as finding feeds and making a raw bet transaction, which I thought people might like to have until Counterwallet betting is implemented.

The plan is probably to do whatever will help make Counterparty bets/CFD's more fluent and user friendly - so any suggestions would be welcome, I'll post a topic for it.

[BitcoinTangibleTrust]

A very simple interface for Broadcasts / Bets: http://xcpfeeds.info/

We Approve! Nice work!
http://xcpfeeds.info/search/?q=gold