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

[deliciousowl]

An great article from TsingHua Financial Review.   "Crowdfund Intellectual Property on the Bitcoin Blockchain"   Used Counterparty as the example.  
written by tsinghua university PHD student Feng Han,ShangHai Bitcoin Camp entrepreneur co-founder Ying GU ,Tsinghua
financial review senior editor Hongyu Jia and  Internet financial laboratory director  Zhenlin zhai.    
link:   http://www.thfr.com.cn/post.php?id=2292#0-tsina-1-69488-397232819ff9a47a7b7e80a40613cfe1

Amazing and not surprising at the same time. Tsinghua is often regarded as probably the #1 University in all of China, and is a center for intellectual development. Leon Li, the CEO of Huobi, graduated from Tsinghua a well. If anyone can truly recognize the true potential of Counterparty, it's those guys.

[520Bit]

An great article from TsingHua Financial Review.   "Crowdfund Intellectual Property on the Bitcoin Blockchain"   Used Counterparty as the example.  
written by tsinghua university PHD student Feng Han,ShangHai Bitcoin Camp entrepreneur co-founder Ying GU ,Tsinghua
financial review senior editor Hongyu Jia and  Internet financial laboratory director  Zhenlin zhai.    
link:   http://www.thfr.com.cn/post.php?id=2292#0-tsina-1-69488-397232819ff9a47a7b7e80a40613cfe1

Amazing and not surprising at the same time. Tsinghua is often regarded as probably the #1 University in all of China, and is a center for intellectual development. Leon Li, the CEO of Huobi, graduated from Tsinghua a well. If anyone can truly recognize the true potential of Counterparty, it's those guys.

As I mentioned, XCP is a long term coin/investment, not just a dump & pump coin. Buy and hold some right now, get the profit one or two year later.

[xbet.io]

Announcing XBet.IO– the world's first distributed betting application

For the first time it is now possible to perform Bitcoin-based betting in a decentralized fashion, meaning without the need of entrusting your funds in the hands of a third party – all wagers made using our application are held in escrow by a smart contract until the bet is settled.

Live on XBet.IO

1  minute demonstration:
http://www.dailymotion.com/video/x1yxrn7_xbet-io-how-to-bet-anonymously_sport

Among the benefits:
Secrecy:
Users have complete anonymity when using our services.
 
Security:
Users' funds are kept safe at the protocol level – thanks to the use of Bitcoin 2.0 technologies, the users are not required to transfer their coins into the custody of any application, and there is no centralized party that holds and manages users funds (no Mt.gox etc').
 
Transparency:
Because the application works using the Bitcoin Blockchain, all of its actions are visible to anyone and can be retraced by anyone with great ease.
 
Reliability:
The Counterparty protocol, which is the Bitcoin 2.0 protocol in which XBet.IO is implemented, is based on secured Bitcoin transactions, thus utilizes the Bitcoin network's highly secured and dependable features.
 
General Bitcoin benefits:
The use of Bitcoins holds numerous advantages over fiat currency (such as $, €, etc') - anonymity, independence, no inflation, cryptographic security, instant payments for any amount, and much more. Up until now, Bitcoin did not reach its full potential in existing large scale thriving industries, in which its special attributes gives it a distinctive edge and especially in the field of sport bets. The existence of a distributed and cryptographically secured system in which the operators of a betting application, or anyone else for that matter, have no ability to take / confiscate users funds, but can only decide which one of the participants is the winner of the pot is what distinguishes the XBet.IO application from any and all other sport betting websites, whether Bitcoin-based or Fiat-based. Introducing the sport bets industry into the world of Bitcoin can elevate the Bitcoin economy to great new heights.
 
Better odds:
For any wager, there is a counter wager, commonly referred to as 'The House wager' or 'Lay'. In old fashioned betting websites and casinos, the user bets against the house in the fixed unattractive odds determined by the 'House', and so the 'House' gains if and when the user looses. The XBet.IO application synchronizes users' bets and allows users to choose their own odds and bet directly between users. There is no middleman, thus all arbitrage revenue is there for the users to profit.
* In order to kickstart the application, counter wagers will be made on behalf of the XBet.IO application for bets that are- a. within the odds presented by the website as a non-organic odds (organic, meaning that a verified bet has been placed by a user); b. in lines where no odds-attractive, organic bets exist. This mechanism was set in place for a double purpose – both to allow users to know the real world odds for their wager and to ensure that the first attractive betters of every line will always have their offers matched for at least a portion of their wager.

 
What wagers can I make?


How many times did you get to see a match and said to yourselves "I don't know who will win, but I know there will not be a tie"? In the XBet.IO application you can choose to wager on the option that you think will happen and also for the opposite option, meaning everything but the specified result. For the aforementioned case, it is possible to place a bet that will award you with the pot in case of a draw (placing this kind of bet is called 'back', meaning that you are 'backing' the possibility of a draw),  or alternatively, you could place a bet that will award you with the pot in all cases except the draw, which means that it does not matter which team wins, as long as the result is not a draw, you will take the pot (placing this kind of bet is called 'lay', meaning that you are 'laying' an opposition to the possibility of a draw).
The XBet.IO application currently receives matches from all the major soccer and basketball leagues, including the 2014 world cup in Brazil. At this time the XBet.IO application analyzes results from over 200 different leagues from dozens of countries.
During the summer, the main event will be the 2014 world cup in Brazil, and the NBA finals.
Incorporating additional lines, sports and countries is already in play.
 
How to make a bet?
Check out this one minute tutorial and you will be good to go:
http://www.dailymotion.com/video/x1yxrn7_xbet-io-how-to-bet-anonymously_sport
1.       Browse through the various lines available on the XBet.IO application until you find one that you want your make your bet on.
2.       Insert the details of the bet that you want to make (your betting address, wager amount and your desired odds. All other details are preconfigured to match the bet type which you have selected).
3.       Paste the bet code in your account at Counterwallet.co and hit send.
Done!
Your bet has now been placed and can be matched by other users from the Bitcoin network.
 
Since the XBet.IO application is based on the Bitcoin blockchain, and implemented using the Counterparty protocol, in order to use it, one must acquire some Bitcoins and as many XCP as one would like to place as wagers. All wagers, counter wagers and pots are denominated in the form of XCP, which is the native currency of the Counterparty protocol. It is possible to acquire XCP through a traditional exchange service, such as BTER.COM (http://bter.com/trade/xcp_btc) or POLONIEX.COM (https://www.poloniex.com/exchange/btc_xcp), and it could also be purchased using Counterparty's built-in decentralized exchange.
Placing bets, buy/sell orders on the decentralized exchange, and many other options are made easy through a free service called Counterwallet- a user friendly online wallet, built by the Counterparty protocol original developers.
 
Some of our future plans:
1.       Incorporating additional sports, starting with tennis and horse racing.
2.       Incorporating global events.
3.       Expanding the betting possibilities for each single event.
4.       Binary options.
5.       Issuance of the XBet.IO application on top of the Counterparty protocol.


What is new since the PRE ANN?
As you might have noticed, a test version on testnet was publicly available since may under the name CounterSports.com. Since then, we have made the following enhancements:
Improved UI.
Integrated fully with Counterwallet.
Added the NBA finals and other basketball leagues.
Changed domain, logo and branding.
Completed intense testing on the application.

Live on XBet.IO

1  minute demonstration:
http://www.dailymotion.com/video/x1yxrn7_xbet-io-how-to-bet-anonymously_sport

Cross posting,
Would love to get your feedback

[deliciousowl]

Cross posting,
Would love to get your feedback

A great addition to the betting functionality would be for users to set up arbitrary bets, such as predictions.

Xbet is a great idea but I think your logo is a bit too dark.  Maybe make it green and increase the font size. Or make it entirely white.  Also try to clear up the audio on the video a bit, and then it would be good to  upload it to Youtube, Vimeo, Liveleak, and all the other pages as well.

[zjtwohaha]

An great article from TsingHua Financial Review.   "Crowdfund Intellectual Property on the Bitcoin Blockchain"   Used Counterparty as the example.  
written by tsinghua university PHD student Feng Han,ShangHai Bitcoin Camp entrepreneur co-founder Ying GU ,Tsinghua
financial review senior editor Hongyu Jia and  Internet financial laboratory director  Zhenlin zhai.    
link:   http://www.thfr.com.cn/post.php?id=2292#0-tsina-1-69488-397232819ff9a47a7b7e80a40613cfe1

Amazing and not surprising at the same time. Tsinghua is often regarded as probably the #1 University in all of China, and is a center for intellectual development. Leon Li, the CEO of Huobi, graduated from Tsinghua a well. If anyone can truly recognize the true potential of Counterparty, it's those guys.

As I mentioned, XCP is a long term coin/investment, not just a dump & pump coin. Buy and hold some right now, get the profit one or two year later.

Why not to be a constantly  pumping coin?

[led_lcd]

Do you want to trade your alt-coins on Counterparty?

The future where you don't have to beg/vote/pay to be added to an exchange is fast approaching. It's time for your community to take control.

Apply within. Details to follow soon.

https://forums.counterparty.co/index.php?topic=382

[frozen123]

The chinese volunteer has post article on 8btc: How to bet using counterparty:
http://8btc.com/forum.php?mod=viewthread&tid=5750&page=1&extra=#pid16181

counterparty中国志愿者论坛出品：如何使用xcp参与bet
http://8btc.com/forum.php?mod=viewthread&tid=5750&page=1&extra=#pid16181

Enjoy it!

Thanks amy_bit for the XBet.io betting introduction.

[baddw]

Ok, I have started a Bitcoin Difficulty feed from address

1ADigCqe5tWXBXcM1V82oWaXRNW2wUpXUS

I will attempt to update the feed within 24 hours of every bitcoin difficulty change.  I will definitely try to automate this feed in the future when I get a full counterpartyd installation set up, but I'm doing it manually from Counterwallet now.  So it would be best not to make your bet dates cut too close to the actual change dates -- give it a couple of days

I tried to make a bet from within Counterwallet, but it doesn't pull anything up when I input the feed address.  Is it possible to make a bet using your own feed?  I was going to try to seed it with some small bets

Can anybody walk me through the process of enabling betting on this feed?  I would like for people to be able to bet continuously on the Bitcoin difficulty, and choose their own expiration dates.  E.g. somebody wants to bet that the difficulty will be over X amount by September 1.  If September 1 passes and the difficulty has never reached X or higher, he will lose the bet.  If difficulty reaches X or higher anytime before September 1, he will win the bet.  Of course, he would have to make the bet and then somebody else would have to take the other side of it.

I am using counterwallet, and unfortunately a full counterpartyd installation is not possible for me right now.

[Bidcoind]

Counterparty added to Bidcoind.com as a payment method to buy / sell goods and services with Counterparty.

Generate buzz for Counterparty by listing quality items for sale totaly free of charge and merchant mine MTC on the side,

www.bidcoind.com

http://mobile.marinecoin.org/download/stuff/bidcoind/bidcoind.gifhttp://mobile.marinecoin.org/download/stuff/bidcoind/Buy-and-Sells.jpghttp://mobile.marinecoin.org/download/stuff/bidcoind/globalsign.jpghttp://mobile.marinecoin.org/download/stuff/bidcoind/auctions.jpghttp://mobile.marinecoin.org/download/stuff/bidcoind/mtcalls.jpg


Everyone is talking about merchant integration for their coin, saying that theirs will be the one,

well if you don't start to demonstrate merchant application for it, then who else will?
CPI - The Consumer Price Index for all Crypto Currencies, what will say more about a crypto currency when there is more quality stuff for sale in exchange.

The API for true trade volume based on actual goods and services. The real economic indicator for a crypto currency.
EXAMPLE:
"user wsxrfv made 1375 MTC at the current exchange rate of 0.17 USD per MTC just for listing an item for sale in exchange for Counterparty."
Casper just listed an item for sale on Bidcoind.com, he is selling his old laptop in exchange for Counterparty,
like that is not good enough he is mining 1 MTC block after block at the same rate as the Marinecoin network speed just for listing it.
if someone else does not list an item soon after him, Casper is going to be the richest man in the World.
Who's to stop Casper selling more items in exchange for Counterparty
Merchant Mining, No hardware required, mineable for the next 1000 years just like the Marinecoin Network Mining.
PAYMENTS & MERCHANTS
pay Counterparty direct to the seller no middle wallet. start small, gain more feedback comments and go bigger soon your reputation will speak for itself more coins for more positive feedbacks from buyers.

Win Win Win situation

Sell quality stuff for your coin and generate publicity for your favorite coin +1
Get more of the coins you like by selling your new or used items + 1
Get Marinecoins on the side by merchant mining them without extra effort +1

your accounts are credited 0.5 MTC as gift good for listing upto 5 items with basic settings.

make sure you enter a valid Marinecoin client wallet address during registration but not a mobile or web wallet,

no listings for illegal items,
no spam listings items with picture and detailed description ONLY
valid user registration, do not use fake names fake address your account will be suspended
this is as serious as Ebay
Lisitings of 14 days minimum or longer duration required to qualify for mining block rewards
No listings under crypto currencies category, exchanging coins is not a merchant activity.
You will get results within 180 blocks on the network about 6 hours on target network speed, delayed 180 blocks payouts gives time to delist unwanted or illegal listings and listers who spam the site just for getting MTC.

There is feedback area after each successful sale, seller and buyer can give each other feedbacks the more feedback you have the more coins you make by selling your stuff more easyly.

if more than 1 person lists an item during the same block interval they share the block reward of 1 MTC, how ever if more than 10 people list an item in order for you not to lose your listing fee of 0.1 MTC, the reward auto doubles to 0.2 for each seller,

list an item mine block after block until someone else lists an item,

you can sell your items for Counterparty, you will still get merchant mined Marinecoins,

Mined coins auto cashout to your registered wallet when balance exceeds 5 MTC, but you can also cash out manually if you wish when your balance is below that.

goto www.marinecoin.org to download your MTC wallet to receive your Merchant Mining Block Rewards

then goto www.bidcoind.com register and list an item for sale in Counterparty and wait for the MTC rewards to flood in to your wallet,

Enjoy
Bidcoind.com
direct contact the dev for any questions:
 info@bidcoind.com

[ejinte]

Did anyone complete a list of upcoming crowed sales on the counterparty protocol? Would be interesting to compare with Mastercoin.

[xbet.io]

The chinese volunteer has post article on 8btc: How to bet using counterparty:
http://8btc.com/forum.php?mod=viewthread&tid=5750&page=1&extra=#pid16181

counterparty中国志愿者论坛出品：如何使用xcp参与bet
http://8btc.com/forum.php?mod=viewthread&tid=5750&page=1&extra=#pid16181

Enjoy it!

Thanks amy_bit for the XBet.io betting introduction.

+1

Thank you amy_bit

[Matt Y]

Did anyone complete a list of upcoming crowed sales on the counterparty protocol? Would be interesting to compare with Mastercoin.

Not that I know of. You're welcome to do this of course.

[Matt Y]

Countertalk Episode 1

Countertalk Episode 1: June 7, 2014 we provide network stats, updates on Robby's presentations, new additions to the XCP team, and betting solutions We also discuss future plans with chrome extensions...guest today is Joel Dietz of SWARM!

https://www.youtube.com/watch?v=NQzKgLIGUJs

[bitcoinrocks]

Coindesk article on Swarm which (of course) mentions Counterparty:

http://www.coindesk.com/swarm-take-bitcoin-crowdfunding-new-heights/

[Bitcoin++]

Question about storing XCP in Bitcoin-wallet:

I bought some XCP at Bter and transfered it to a new address in Electrum.

Electrum obviously does not show the XCP but surprisingly it does show 0.1086 mBTC. What happens to my XCPs if Electrum spends these 0.1086 mBTC?
I've understood that when I want to spend to my XCP I need to import the private key of the BTC-address to a wallet which support XCP.

What surprised me even more is that on Blockchain info I found three receiving addresses:
My address received 0.1086 mBTC
An escrow of 0.1086 mBTC
Some other address received 0.1258 mBTC

Blockscan.com does not find my address.

[cAPSLOCK]

Question about storing XCP in Bitcoin-wallet:

I bought some XCP at Bter and transfered it to a new address in Electrum.

Electrum obviously does not show the XCP but surprisingly it does show 0.1086 mBTC. What happens to my XCPs if Electrum spends these 0.1086 mBTC?
I've understood that when I want to spend to my XCP I need to import the private key of the BTC-address to a wallet which support XCP.

What surprised me even more is that on Blockchain info I found three receiving addresses:
My address received 0.1086 mBTC
An escrow of 0.1086 mBTC
Some other address received 0.1258 mBTC

Blockscan.com does not find my address.

The small transactions enable XCP to be exchanged on the network.  They are not tied to the xcp.  You will just need a small amount of BTC for doing transactions in the future with the XCP.

I would suggest using a wallet to manage this address which can handle xcp.  Counterwallet.co may be a good choice.  You can open a wallet there and sweep the funds to counterwallet.  It is deterministic so I do not believe it imports private keys.

[IamNotSure]

Blockscan.com does not find my address.

About blockscan, it's not updated since block 304882. You just have to wait a bit for the server to be restarted manually I guess.

[Anotheranonlol]

Did anyone complete a list of upcoming crowed sales on the counterparty protocol? Would be interesting to compare with Mastercoin.

Not that I know of. You're welcome to do this of course.

quick overview of some of the recent projects being built using CounterParty (may be few errors)

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Swarm - Crypto-crowdfunding, kickstarter on steroids
http://www.swarmcorp.com/

Swarm is bringing true crypto-crowdfunding to the world. Swarm does due diligence on every company listed on the platform. More than that, Swarm will be funding coin-powered accelerators to incubate and coach young businesses. Accepted companies will raise more money faster and with reduced costs. Swarm companies will offer investors real equity in turn for investment dollars instead of being limited to gifts or early access to products.

Recent media coverage: http://www.coindesk.com/swarm-take-bitcoin-crowdfunding-new-heights/


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Xbet – The world's first distributed betting application
https://bitcointalk.org/index.php?topic=645322.msg7211107#msg7211107

With Xbet you can make anonymous, secure and trustless bets completely p2p. Just like Bitcoin enabled you to not rely on central banks CounterSports leverages CounterParty to ensure you don't need to trust your Bookmaker. Nobody can steal the coins you've deposited to the gambling site because no-one receives these coins! they are completely safe being escrowed by the protocol. You don't have to wait for 'withdrawals to process' or to fax in any documentation or wait until someone announces the sites been hacked! the site can be hacked but your coins can't be stolen!.. it's 2014 and this is just the beginning of betting on Counterparty platform

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Vennd - an open source blockchain application
http://www.vennd.io/

Some of the potential uses of the vennd system:

Gateway
Vennd transforms things into representative tokens on the Counterparty platform (for example, BTC into XBTC, LTC into XLTC), kind of like a casino chip; this allows you to trade with ease on Counterparty's Decentralised Exchange. You can then exchange those assets back into their original form at a one-to-one ratio

Vending machine
You send BTC and the vending machine sends back the equivalent Counterparty asset. It makes crowdfunding orderly, transparent and automatic. No more Maidsafe coin launches if you use Vennd!

Recent media coverage: http://letstalkbitcoin.com/blog/post/ltb-113-enabling-tech

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DigitalTangibleTrust - Trade digital Gold tokens backed/secured by custody
http://www.digitaltangibletrust.com/

You can convert BTC into Gold or Silver, then either receive those metals in your physical possession or trade them on the exchange for tokens backed by gold/silver holdings
Easily escape the volatility of BTC and diversify into PM's and back to crypto from comfort of your armchair!

Recent media coverage: http://www.businessweek.com/news/2014-03-28/bitcoin-seen-playing-internet-of-money-role-beyond-payments
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[tangboysomeone]

App is getting rich, but the promotion is not like msc

[bitcoinrocks]

App is getting rich, but the promotion is not like msc

Agreed:

http://wiki.mastercoin.org/index.php/Upcoming_Crowdsales