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

[deliciousowl]

Ok, thanks. 

Kind of disappointing that it must be a URL and not live entirely within the XCP protocol.  I understand the need/desire for metadata, but there are some bets that are fairly simple and IMO should be able to fit within the constraints of a simple Text Label and Value pair, given that certain metadata (date/timestamp etc.) is embedded by nature of the protocol anyway.  Also, the need to specify an end date or recurring interval is kind of iffy for Bitcoin Difficulty, since each interval could be anywhere from 10 to 16 days, although generally it has been in the 11-13 day range lately.

It's entirely possible to implement something like satoshidice or other betting types using fully peer-to-peer technology. Counterparty has all the fundamentals laid out already. I'm pretty sure we will be seeing something like that in the future. So far the development of the counterparty protocol has exceeded my expectations, and I don't see a foreseeable reason why that would change.

[1715053928]

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[1715053928]

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[Benjig]

I dont know if this is the correct topic but regarding swarm kind of ipo i think the second phase is ridiculous, 17,000 btcs will not be fulfilled and less chance if they dont reveal technical aspecs, they only say this will be a awesome coin, project, bla bla but dont say why.

[PhantomPhreak]

Ok, thanks. 

Kind of disappointing that it must be a URL and not live entirely within the XCP protocol.  I understand the need/desire for metadata, but there are some bets that are fairly simple and IMO should be able to fit within the constraints of a simple Text Label and Value pair, given that certain metadata (date/timestamp etc.) is embedded by nature of the protocol anyway.  Also, the need to specify an end date or recurring interval is kind of iffy for Bitcoin Difficulty, since each interval could be anywhere from 10 to 16 days, although generally it has been in the 11-13 day range lately.

All of the information actually relevant to bets and their resolution is entirely in the protocol. All of the promises and predictions stored in the extended asset info JSON are entirely unenforcable and independent of the parsing, so counterpartyd completely ignores the 'text' field, (unless it is equal to 'lock'). You can put anything you want in there.

[fractastical]

Swarm "Indications of Interest" is now full. Thanks for the interest from all sides. We also are happy to be XCP holders and look forward to building up the ecosystem around Counterparty.

[voldemort628]

+1
Look forward to the crowdsale

Swarm "Indications of Interest" is now full. Thanks for the interest from all sides. We also are happy to be XCP holders and look forward to building up the ecosystem around Counterparty.

[sebdude420]

So is there a way to look at the scrips in counterwallet to see blocks can info to see what user did with their funds.

[sebdude420]

I looked at the blockchain and blockscan.

Am I to assume he sent the BTC to his own wallet instead of trying to buy my token and he is now trying to scam me for BTC or tokens and scapegoat the software counterwallet

[sebdude420]

He says he placed two buy orders for two tokens and one of the orders ate his btc

[ontopicplease]

Since months I have been buying and following XCP. At the moment my faith in succes is getting lower and lower. Being a technical noob myself, I can only come to the conclusion; XCP is way to technically complicated for the regular human being to become a big succes.

[Anotheranonlol]

Since months I have been buying and following XCP. At the moment my faith in succes is getting lower and lower. Being a technical noob myself, I can only come to the conclusion; XCP is way to technically complicated for the regular human being to become a big succes.

Actually, I believe with counterparty we're not even at the tip of the iceberg. Keep an eye out on some of some of the forthcoming developments like vennd.

He says he placed two buy orders for two tokens and one of the orders ate his btc

Try to ask him exactly what he did in his own words. It doesn't quite sound right.

[deliciousowl]

He says he placed two buy orders for two tokens and one of the orders ate his btc

It really sounds like he is trying to scam you. This situation does not seem logical.

Since months I have been buying and following XCP. At the moment my faith in succes is getting lower and lower. Being a technical noob myself, I can only come to the conclusion; XCP is way to technically complicated for the regular human being to become a big succes.

Have you tried Counterwallet? In my opinion it isn't any harder than using a regular Bitcoin wallet whatsoever. Can you please explain what you think is too complicated? What kind of video tutorials would you like to see? I will gladly take the time to explain if need be.

Also, the counterpartyd protocol does not have to be understood by everyone. The point is that it works. More and more higher-level applications and graphical user interfaces will be built, making it super easy for the end user. SWARM will make crowdfunding easier to use, and VENND will make buying tokens as easy as sending BTC to an address.

Instead of concluding something based on no argument provided, it would be beneficial if you pointed out what confuses you, so that we can work on explaining it to the community.

[romerun]

Let's bet on worldcup matches at xbet.io . I just made 7.425 xcp from my first xcp bet on italy ! It was fairly easy experience, no sign up, no money deposit.

[CryptoFinanceUK]

Hi Guys,

We're looking for active volunteers to run Counterparty meetup groups in the 20 world cities listed here -

https://forums.counterparty.co/index.php/topic,361.0.html

If you're the first to get a successful group started in one of these cities, we'll send you -

• 25 XCP to help cover the meetup.com charges,
  
• ... plus, an extra 75 XCP as a little bonus from the founders.

These groups are central to our strategy, and we'd like to get at least a dozen groups running by mid year.

Niki

[voldemort628]

then how much are you selling your stash for ?

Since months I have been buying and following XCP. At the moment my faith in succes is getting lower and lower. Being a technical noob myself, I can only come to the conclusion; XCP is way to technically complicated for the regular human being to become a big succes.

[led_lcd]

XBTC is the easiest and smoothest way to trade on the DEX
Had troubles with orders not matching or going through against BTC on the DEX?
XBTC is the answer. XBTC is worth exactly 1 BTC. XBTC is a native Counterparty asset and can be held in full escrow by Counterparty.
The fee to to get XBTC is only 0.1% + TX costs.

How to get XBTC
An automatic vending machine for XBTC has been created. To get XBTC, simply send BTC in Counterwallet to:

1XBTCxh9HdyQ4y5VMnTzPANZoZZvrMSA6
After 3 confirmations, XBTC will be sent back automatically.

Open Counterwallet, select 'Send' from the address which you want to get XBTC


1) Enter the address from above
2) Enter in the amount of BTC you want to send
3) Click 'Send'


That's it!

How to get back your BTC
Send XBTC from Counterwallet back to the same address as above.

Cross-posted from https://forums.counterparty.co/index.php?topic=404

[led_lcd]

Order Book
View the XBTC/XCP order book at Blockscan: http://www.blockscan.com/order_book.aspx?f=2



Why Trade with XBTC

• When you trade on the DEX using XBTC you can trade without worrying about: fees (fee required, fee provided)
• Troll orders. Every price you see at blockscan is the price you can hit directly. Prices from the bid and ask side will converge.
• Waiting for the other side of the trade to btcpay, nor will you need to be standing by to perform a BTC pay.

XBTC is

• Cheaper to trade than using BTC unless trading in very low amounts (<0.05 BTC). If you trade in larger blocks (>=0.9 BTC) XBTC is cheaper than trading on a centralized exchange! I have created a cost analysis spreadsheet here https://docs.google.com/a/vennd.io/spreadsheets/d/1ymF4Fks4xXLZExhMHM8_8otm1lFD7OHCO0sgsfXKU2I/edit#gid=0
• 100% transparent and auditable
• 100% of BTC is held in reserve https://blockchain.info/address/1XBTCxh9HdyQ4y5VMnTzPANZoZZvrMSA6

Security

• There is no web or user interface. There is no web site to attack.
• The only way to reach the XBTC servers is via the Bitcoin network, via TOR. There are NO other ports open, no SSH, no remote access.

Source Code
XBTC is based upon the source code for Vennd. The full source will be free and available soon. If you wish to gain access early, please send me a PM.

[SyRenity]

How to get XBTC
An automatic vending machine for XBTC has been created. To get XBTC, simply send BTC in Counterwallet to:

1XBTCxh9HdyQ4y5VMnTzPANZoZZvrMSA6
After 3 confirmations, XBTC will be sent back automatically.

Just to clarify, who has access to this BTC address, and how we can be sure that it won't be suddenly emptied?

[led_lcd]

How to get XBTC
An automatic vending machine for XBTC has been created. To get XBTC, simply send BTC in Counterwallet to:

1XBTCxh9HdyQ4y5VMnTzPANZoZZvrMSA6
After 3 confirmations, XBTC will be sent back automatically.

Just to clarify, who has access to this BTC address, and how we can be sure that it won't be suddenly emptied?

I have control to the private key to this BTC address. I'd be happy to sign a message stating that. I'm led_lcd here in Bitcointalk, global_trade_repo in the official Counterparty forums and neither am I anonymous.

XBTC is a product based upon Vennd. XBTC is a service of a (soon to be ) legally incorporated company called vennd.io (http://vennd.io). We have been working in close relationship with the Counterparty developers to bring features, service and value to the Counterparty community.

[stereotype]

http://www.blockscan.com/order_book.aspx?f=1

Why does the BTC/XCP bid/ask show a crossed order book?

[PhantomPhreak]

http://www.blockscan.com/order_book.aspx?f=1

Why does the BTC/XCP bid/ask show a crossed order book?

The order book gets a little crossed when users fail to make BTCpays (usually selling BTC and failing to remain logged in to Counterwallet). This situation should be migitaged by some of the changes in v9.25.0, which increases the frequency with which orders attempt to match with each other.