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

[xnova]

Ooo wait... spoke too soon.

I am now getting this...

> counterpartyd send --source <sorry> --destination <hidden> --quantity 123 --asset XCP
Transaction (unsigned): XXXXX
Sign and broadcast? (y/N) y
Transaction (signed): XXXXX
Traceback (most recent call last):
  File "/home/X/counterpartyd_build/dist/counterpartyd/counterpartyd.py", line 693, in <module>
    args.unsigned)
  File "/home/X/counterpartyd_build/dist/counterpartyd/counterpartyd.py", line 187, in cli
    print('Hash of transaction (broadcasted):', bitcoin.broadcast_tx(signed_tx_hex))
  File "/home/X/counterpartyd_build/dist/counterpartyd/lib/bitcoin.py", line 547, in broadcast_tx
    return send_raw_transaction(signed_tx_hex)
  File "/home/X/counterpartyd_build/dist/counterpartyd/lib/bitcoin.py", line 55, in send_raw_transaction
    return rpc('sendrawtransaction', [tx_hex])
  File "/home/X/counterpartyd_build/dist/counterpartyd/lib/bitcoin.py", line 165, in rpc
    raise exceptions.BitcoindError('{}'.format(response_json['error']))
lib.exceptions.BitcoindError: {'message': 'TX rejected', 'code': -22}

How can I send XCP?  Maybe I'm doing something wrong?

Check out: https://www.counterparty.co/resources/faqs/i-got-an-error-tx-rejected-code-22-what-is-that/

[chong ching]

just spreading some screenshots of the new features...

looking real good!

xbet.io have made some big additions to their website.

this is their new control panel for users.

really helped me understand what was going on with my bets and it works perfectly with counterwallet.


https://i.imgur.com/5LKllSh.png


and also one for past bets

https://i.imgur.com/xIQ0RJg.png


I am betting on the world cup only with the only truly safe betting application.

[pikuchato]

Please allow xcp in swarm IPO 

[xibeijan]

Ooo wait... spoke too soon.

I am now getting this...

> counterpartyd send --source <sorry> --destination <hidden> --quantity 123 --asset XCP
Transaction (unsigned): XXXXX
Sign and broadcast? (y/N) y
Transaction (signed): XXXXX
Traceback (most recent call last):
  File "/home/X/counterpartyd_build/dist/counterpartyd/counterpartyd.py", line 693, in <module>
    args.unsigned)
  File "/home/X/counterpartyd_build/dist/counterpartyd/counterpartyd.py", line 187, in cli
    print('Hash of transaction (broadcasted):', bitcoin.broadcast_tx(signed_tx_hex))
  File "/home/X/counterpartyd_build/dist/counterpartyd/lib/bitcoin.py", line 547, in broadcast_tx
    return send_raw_transaction(signed_tx_hex)
  File "/home/X/counterpartyd_build/dist/counterpartyd/lib/bitcoin.py", line 55, in send_raw_transaction
    return rpc('sendrawtransaction', [tx_hex])
  File "/home/X/counterpartyd_build/dist/counterpartyd/lib/bitcoin.py", line 165, in rpc
    raise exceptions.BitcoindError('{}'.format(response_json['error']))
lib.exceptions.BitcoindError: {'message': 'TX rejected', 'code': -22}

How can I send XCP?  Maybe I'm doing something wrong?

Check out: https://www.counterparty.co/resources/faqs/i-got-an-error-tx-rejected-code-22-what-is-that/

Thanks.

I confirm

* Enough BTC: Yes
* At least a few confirmations: overs 1 months
* Bitcoind is running and configured properly: no errors in my debug.log
* Waited 10-20 min, 2 week, 2 months: always get this error

Here's my bug report:

counterpartyd --unsigned send --source <from> --destination <to> --quantity 200 --asset XCP
Transaction (unsigned): 0100000002c1eef0f50d2951e0ce71f70dff630291e6de6b1795a0ccc4f20ab944e4cebaa900000 0001976a914cbeefd1b44465e6f30fb50add2d27ec4d64a771888acffffffff084360e4a725dd0c 4c696f2a002ec7522e8235c32bae2d3e01cfa9240dcd80d9020000001976a914cbeefd1b44465e6 f30fb50add2d27ec4d64a771888acffffffff036c2a0000000000001976a914b22854289bda0c16 0cb353a00e2a2fda86b640ef88ac6c2a000000000000475121032bff26e6179750c88ffb4aa1eb6 a8cfc00878d72222ea0bcd768f28de29a6b29211c434e5452505254590000000000000000000000 0100000004a817c8000000000052ae36150000000000001976a914cbeefd1b44465e6f30fb50add 2d27ec4d64a771888ac00000000

[xnova]

We'll be at several conferences this summer. Check out the full list here:

https://www.counterparty.co/counterparty-coming-to-a-conference-near-you/

If you're going to any of these, please reach out. We'd love to meet you.

[Matt Y]

Please allow xcp in swarm IPO 

I think this is a good suggestion. You are using the counterparty infrastructure, why wouldn't you allow the token to be used as well?

A company raising an early round of financing probably wants the most liquid currency available so that they can start spending the money. What if swarm took in a high percentage of XCP and then wanted to liquidate 25,000 or so XCP in order to pay for various business expenses?

[pikuchato]

Please allow xcp in swarm IPO 

I think this is a good suggestion. You are using the counterparty infrastructure, why wouldn't you allow the token to be used as well?

A company raising an early round of financing probably wants the most liquid currency available so that they can start spending the money. What if swarm took in a high percentage of XCP and then wanted to liquidate 25,000 or so XCP in order to pay for various business expenses?

Fair point and I understand why they would prefer a more liquid token but consider this situation. I have most of my crypto assets in XCP. I want to buy into swarm so I am doing the same thing, moving XCP to the DEX or other exchanges, selling it for BTC and then using that to subscribe for swarm.

I may have missed it in the posts but does swarm benefit XCP other than bringing it some attention via this fundraiser? Please don’t misunderstand me; I like the idea, will be buying in myself and believe it will enhance the overall ecosystem. But will XCP be used within the swarm framework at all? Or just BTC? In order for XCP liquidity to improve, the projects built on top of counterparty should encourage the use of XCP.

+1

[fractastical]

Please allow xcp in swarm IPO  

I think this is a good suggestion. You are using the counterparty infrastructure, why wouldn't you allow the token to be used as well?

I think it's a great suggestion as well. In fact we already set up an XCP -> SWARM vending machine just as we currently have a BTC -> SWARM vending machine.

Problem is we didn't want to turn it on without testing it thoroughly and I haven't had the time.

We also want to integrate it into the feed on www.swarmcorp.com so that you can see both incoming BTC and XCP.

Hopefully I will have time this weekend to make sure everything is working fine and then we will start accepting XCP as well.

[led_lcd]

We'll be at several conferences this summer. Check out the full list here:

https://www.counterparty.co/counterparty-coming-to-a-conference-near-you/

If you're going to any of these, please reach out. We'd love to meet you.

I (Jeremy) will be speaking about crowdfunding with Counterparty and Vennd at Cryptocon Sydney. Cryptocon Sydney runs on the 24th and 25th July. The schedule hasn't been updated yet but it is confirmed with the conference producer.

Both myself and Jonathan will be there. Seek us out and ask all the questions you might have!

http://www.cryptocon.net/

[baddw]

Please allow xcp in swarm IPO  

I think this is a good suggestion. You are using the counterparty infrastructure, why wouldn't you allow the token to be used as well?

I think it's a great suggestion as well. In fact we already set up an XCP -> SWARM vending machine just as we currently have a BTC -> SWARM vending machine.

Problem is we didn't want to turn it on without testing it thoroughly and I haven't had the time.

We also want to integrate it into the feed on www.swarmcorp.com so that you can see both incoming BTC and XCP.

Hopefully I will have time this weekend to make sure everything is working fine and then we will start accepting XCP as well.

Please don't do anything silly like create a fixed exchange rate between BTC and XCP.  Look to the Maidsafecoin debacle to see where that gets you. 

IMO, it's really better to just do one or the other.  It would have been better to go with XCP in the first place, but now that BTC is already announced, better to stick with it.

[daviducsb]

I like what I have read about counterparty and my sixth sense is that it is more legit than competitors. However, I am not technical minded at all.

Could someone please explain the difference between counterparty and some of the other cryptos purporting to do the same thing, like mastercoin, namecoin, ethereum etc?

thank you

[cityglut]

Please allow xcp in swarm IPO  

I think this is a good suggestion. You are using the counterparty infrastructure, why wouldn't you allow the token to be used as well?

I think it's a great suggestion as well. In fact we already set up an XCP -> SWARM vending machine just as we currently have a BTC -> SWARM vending machine.

Problem is we didn't want to turn it on without testing it thoroughly and I haven't had the time.

We also want to integrate it into the feed on www.swarmcorp.com so that you can see both incoming BTC and XCP.

Hopefully I will have time this weekend to make sure everything is working fine and then we will start accepting XCP as well.

Please don't do anything silly like create a fixed exchange rate between BTC and XCP.  Look to the Maidsafecoin debacle to see where that gets you. 

IMO, it's really better to just do one or the other.  It would have been better to go with XCP in the first place, but now that BTC is already announced, better to stick with it.

I do agree with the fixed rate point, was thinking about this as well. As you mention it was a disaster for both maidsafe and mastercoin.

Couldn't you take the coinmarketcap price at the time the XCP is sent? Or is this too difficult to implement?

The peg with Mastercoin in the Maidsafe crowdfund wasn't the problem, in itself. It was, rather, the fact that Mastercoin was pegged to a value well above its market price.

[led_lcd]

I like what I have read about counterparty and my sixth sense is that it is more legit than competitors. However, I am not technical minded at all.

Could someone please explain the difference between counterparty and some of the other cryptos purporting to do the same thing, like mastercoin, namecoin, ethereum etc?

thank you

Functionality-wise, Counterparty has the most features live and available right now. It is also important to note that Counterparty can trade directly against BTC on the Counterparty decentralized exchange - something others cannot do.

The major difference and in my mind though is that Counterparty is developed under the same principles as Satoshi. The platform was developed for the people to use and *never* was there and will there be some IPO that favours and enrichens the developers. The developers of the platform had to buy in exactly the same way in which everyone else during the proof of burn period.

All other platforms either:

* Have an extremely small number of large holders, or
* Have a 'social contract' to 'richly reward early adopters, or
* Have raised funds in a commercial fashion,

Counterparty is built by the people for the people.

[romerun]

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.

17,000 BTC is a very ambitious target, I admit that. We focused at the moment at reaching the 4,000 BTC goal, but if we do actually reach 17,000 BTC we will have a lot of funds to help support projects (e.g. other things that enhance the Counterparty ecosystem), so I hope we do a larger amount.

At the moment we actually need to stay focused on building the platform, like the dashboard we released on launch.

would you be able to push the plan forward if you cannot reach 4000BTC target ? BTC is expected to exponentially grow annually for the next few years, even 1k of BTC should be plenty to keep your cashflow positive, if fait conversion is done at the right times of course.

[daviducsb]

I like what I have read about counterparty and my sixth sense is that it is more legit than competitors. However, I am not technical minded at all.

Could someone please explain the difference between counterparty and some of the other cryptos purporting to do the same thing, like mastercoin, namecoin, ethereum etc?

thank you

Functionality-wise, Counterparty has the most features live and available right now. It is also important to note that Counterparty can trade directly against BTC on the Counterparty decentralized exchange - something others cannot do.

The major difference and in my mind though is that Counterparty is developed under the same principles as Satoshi. The platform was developed for the people to use and *never* was there and will there be some IPO that favours and enrichens the developers. The developers of the platform had to buy in exactly the same way in which everyone else during the proof of burn period.

All other platforms either:

* Have an extremely small number of large holders, or
* Have a 'social contract' to 'richly reward early adopters, or
* Have raised funds in a commercial fashion,

Counterparty is built by the people for the people.

Makes sense regarding the funding at inception. That is definitely a plus. Is there a broad based consensus that the features on there are better? What about the developer team? Are they more skilled or more serious or even just more full time than competitors?

[Matt Y]

I like what I have read about counterparty and my sixth sense is that it is more legit than competitors. However, I am not technical minded at all.

Could someone please explain the difference between counterparty and some of the other cryptos purporting to do the same thing, like mastercoin, namecoin, ethereum etc?

thank you

Functionality-wise, Counterparty has the most features live and available right now. It is also important to note that Counterparty can trade directly against BTC on the Counterparty decentralized exchange - something others cannot do.

The major difference and in my mind though is that Counterparty is developed under the same principles as Satoshi. The platform was developed for the people to use and *never* was there and will there be some IPO that favours and enrichens the developers. The developers of the platform had to buy in exactly the same way in which everyone else during the proof of burn period.

All other platforms either:

* Have an extremely small number of large holders, or
* Have a 'social contract' to 'richly reward early adopters, or
* Have raised funds in a commercial fashion,

Counterparty is built by the people for the people.

Makes sense regarding the funding at inception. That is definitely a plus. Is there a broad based consensus that the features on there are better? What about the developer team? Are they more skilled or more serious or even just more full time than competitors?

Counterparty had a smaller team made entirely of volunteers and had much less development time when compared to competing projects. Counterparty now has the most technologically advanced platform and the best user interface.

[led_lcd]

I like what I have read about counterparty and my sixth sense is that it is more legit than competitors. However, I am not technical minded at all.

Could someone please explain the difference between counterparty and some of the other cryptos purporting to do the same thing, like mastercoin, namecoin, ethereum etc?

thank you

Functionality-wise, Counterparty has the most features live and available right now. It is also important to note that Counterparty can trade directly against BTC on the Counterparty decentralized exchange - something others cannot do.

The major difference and in my mind though is that Counterparty is developed under the same principles as Satoshi. The platform was developed for the people to use and *never* was there and will there be some IPO that favours and enrichens the developers. The developers of the platform had to buy in exactly the same way in which everyone else during the proof of burn period.

All other platforms either:

* Have an extremely small number of large holders, or
* Have a 'social contract' to 'richly reward early adopters, or
* Have raised funds in a commercial fashion,

Counterparty is built by the people for the people.

Makes sense regarding the funding at inception. That is definitely a plus. Is there a broad based consensus that the features on there are better? What about the developer team? Are they more skilled or more serious or even just more full time than competitors?

This is just my personal opinion and experience:

When the Counterparty team made the initial announcement and made available the code to counterpartyd for everyone, I was naturally skeptical. I cloned the git hub, ran the reference client and looked at the code. From a technical point of view, I could see it was *extremely* tight code. Functionally, it was like they just dropped a bomb on everyone - day 1 on launch, the platform was operational. It was all command lined based so it was technically difficult to evaluate but it worked.

I had never heard of any alt/metacoin that released simultaneously with a fully functioning platform during the 'funding' period (though proof of burn wasn't funding the developers, it was funding the economy of XCP).

Despite what the detractors say, no one can deny the execution ability of a small focused team when compared to the relative juggernauts of the competing platforms.

[BitThink]

The price of XCP vs BTC is better to be determined by the market rather than the Swarm IPO. Therefore, it's risky to accept both BTC and XCP in the IPO. To adjust XCP price regularly will add a lot of trouble to the IPO organizer, but to set a fix rate will hurt the market severely when there's no enough liquidity at all.

Moreover, I suggest to start a new thread for Swarm. I don't think it is a good idea to bind the Swarm project tightly with Counterparty. Counterparty is just a DEX accepting the IPO of Swarm. Nothing more.  I wish all the best to the Swarm project, but in case there's anything not so good happen on Swarm, we don't want to see the Counterparty will be affected. A DEX should not endorse any IPO in my opinion.

[sparta_cuss]

The price of XCP vs BTC is better to be determined by the market rather than the Swarm IPO. Therefore, it's risky to accept both BTC and XCP in the IPO. To adjust XCP price regularly will add a lot of trouble to the IPO organizer, but to set a fix rate will hurt the market severely when there's no enough liquidity at all.

Moreover, I suggest to start a new thread for Swarm. I don't think it is a good idea to bind the Swarm project tightly with Counterparty. Counterparty is just a DEX accepting the IPO of Swarm. Nothing more.  I wish all the best to the Swarm project, but in case there's anything not so good happen on Swarm, we don't want to see the Counterparty will be affected. A DEX should not endorse any IPO in my opinion.

If Swarm accepts XCP, then the DEX is not endorsing Swarm; Swarm is endorsing Counterparty. Ideally, this sounds like a good thing. It offers tacit support and gives use value (and thereby financial value) to XCP. However, your larger point still stands: this creates a risk for XCP if Swarm encounters significant problems.

At this point in Counterparty's and Swarm's lifespan, this risk is very high for Counterparty if Swarm accepts XCP. Going forward, as more companies raise funds via Counterparty, the risk of any single one of them jeopardizing Counterparty grows smaller. So perhaps now Swarm should not accept XCP, but I don't think this should become a standard for future fundraising initiatives.

Edit: I see that I might have misread your post. You were suggesting a new thread for Swarm in order to decouple Counterparty and Swarm. I don't think you were making the argument that Swarm accepting XCP poses a risk to Counterparty in case Swarm encounters trouble, were you? Sorry if I overstated your position. I agree with your recommendation to decouple the two projects.

[xibeijan]

I like what I have read about counterparty and my sixth sense is that it is more legit than competitors. However, I am not technical minded at all.

Could someone please explain the difference between counterparty and some of the other cryptos purporting to do the same thing, like mastercoin, namecoin, ethereum etc?

thank you

Functionality-wise, Counterparty has the most features live and available right now. It is also important to note that Counterparty can trade directly against BTC on the Counterparty decentralized exchange - something others cannot do.

The major difference and in my mind though is that Counterparty is developed under the same principles as Satoshi. The platform was developed for the people to use and *never* was there and will there be some IPO that favours and enrichens the developers. The developers of the platform had to buy in exactly the same way in which everyone else during the proof of burn period.

All other platforms either:

* Have an extremely small number of large holders, or
* Have a 'social contract' to 'richly reward early adopters, or
* Have raised funds in a commercial fashion,

Counterparty is built by the people for the people.

Yeah! We don't want the developers backing the technology to have any funding!

It's so taboo of Swam's and Ethereum's founders to try to support their work by raising funds.  This is sooooo different than Satoshi whose retargeting parameters for baby bitcoin did not favour early miners.