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

[raleit2014]

Crypto Analytics has rated XCP as a BUY!
for analyst opinion http://cryptoanalytics.trade/xcp/


http://cryptoanalytics.trade/

[jokumat]

counterwallet user: it's really frustrating to use counterparty exchange. Generally I like the idea, I want to use trustless exchange but there are so many problems. It's irrational. Everything matches (orders) and nothing happens for hours and hours. Probably because the other party is not online. And I can't log out. Fees are wasted.

[jokumat]

and another thing.

The so called current market rate used when making orders is misleading. It's probably some sort of average price. I noticed (in btc/swarmpre trades) quite a lot of buyers do not use the override option, leave the "current market rate" and again nothing happens because actually nobody sells at "current market rate". This should be corrected

[PhantomPhreak]

counterwallet user: it's really frustrating to use counterparty exchange. Generally I like the idea, I want to use trustless exchange but there are so many problems. It's irrational. Everything matches (orders) and nothing happens for hours and hours. Probably because the other party is not online. And I can't log out. Fees are wasted.

and another thing.

The so called current market rate used when making orders is misleading. It's probably some sort of average price. I noticed (in btc/swarmpre trades) quite a lot of buyers do not use the override option, leave the "current market rate" and again nothing happens because actually nobody sells at "current market rate". This should be corrected

Yes, we're currently tweaking how Counterwallet calculates the current market price (Counterwallet GitHub issue #227). Also, fees aren't wasted if you don't log out (unless your order never gets matched). If you want to trade more quickly, easily, and cheaply, try purchasing assets with XCP.

[xnova]

Counterwallet will be down for 2-5 hours while we perform some urgent maintenance and system level tasks.

EDIT: Counterwallet is back up.

[IamNotSure]

counterwallet user: it's really frustrating to use counterparty exchange. Generally I like the idea, I want to use trustless exchange but there are so many problems. It's irrational. Everything matches (orders) and nothing happens for hours and hours. Probably because the other party is not online. And I can't log out. Fees are wasted.

and another thing.

The so called current market rate used when making orders is misleading. It's probably some sort of average price. I noticed (in btc/swarmpre trades) quite a lot of buyers do not use the override option, leave the "current market rate" and again nothing happens because actually nobody sells at "current market rate". This should be corrected

Yes, we're currently tweaking how Counterwallet calculates the current market price (Counterwallet GitHub issue #227). Also, fees aren't wasted if you don't log out (unless your order never gets matched). If you want to trade more quickly, easily, and cheaply, try purchasing assets with XCP.

Great ! The "current market rate" was misleading a lot of people with unfilled orders. It should actually be the "lowest ask rate" and labelled accordingly

Purchasing assets with XCP is really a great experience. BTW you can have a discount rate for SWARMPRE by purchasing them with XCP (at least 5625 SWARMPRE / BTC) as explained here

[baddw]

Question... I'm looking at the LTBCOIN market here.



First off, the "Order Book" orders under "Selling BTC" and the "Open Orders Selling BTC" don't seem to match up.  E.g. the first line under "Open Orders Selling BTC" has a price of 10,000 LTBCOIN/BTC, while a "Unit Price" of 10,000 LTBCOIN/BTC does not show up under the "Order Book".  

Secondly, take a look at that first "Open Order", Tx ID 72a38.  It shows a "Price" of 10,000 LTBCOIN/BTC.  The "Buy Qty Left" is 100,000 LTBCOIN.  To me, this means that they have an order to buy 100,000 LTBCOIN at a price of 10,000 LTBCOIN/BTC, or 10 BTC worth.  But under "Sell Qty Left" it only shows 0.01 BTC.  If they are only willing to sell 0.01 BTC at a price of 10,000 LTBCOIN/BTC, then they only want to buy 100 LTBCOIN.  These two numbers seem to be in contradiction, or am I missing something here?

EDIT: Also, it would be nice to see BTC transactions under the "Account History" part of Counterwallet.  I am currently using Counterwallet as my main BTC wallet, so it would be nice to see when I have sent/received BTC without having to check my address on a 3rd party site.

[illiki23]

Counterwallet.co is hurting users, causing loss of real money, and needs to go back to unit testing before released to the public.

I am now down several days of mining worth of fees trying to get just one order to go through, as I have had to cancel it several times.

The buy and sell order lists don't match, I have tried setting my buy order low and left it overnight with no luck and have also tried matching directly several sell orders with no luck.

Please stop fining us for trying to use a buggy system unsuccessfully, all of these problems could have been tested.

[xnova]

Counterwallet.co is hurting users, causing loss of real money, and needs to go back to unit testing before released to the public.

I am now down several days of mining worth of fees trying to get just one order to go through, as I have had to cancel it several times.

The buy and sell order lists don't match, I have tried setting my buy order low and left it overnight with no luck and have also tried matching directly several sell orders with no luck.

Please stop fining us for trying to use a buggy system unsuccessfully, all of these problems could have been tested.

We are clear to users from the start that the functioning of the system (*especially* with regards to BTC payments for counterparty assets, which you are having issues with) is still evolving, rapidly.

Moreover, https://github.com/CounterpartyXCP/counterwallet/issues/227 takes care of the market price issue, and will be implemented in the next Counterwallet update.

If you let an order expire naturally, you are not out any BTC. The loss of BTC comes from miner fees paid to issue the cancel transaction on the Bitcoin network. Currently this is anywhere from a few cents to around 20 (or so) cents per transaction, depending on several factors. Recently, many transactions on Counterparty, especially bulk sends with modified fees, are quite cheap, and we are working hard on further minimizing fees paid, as well as making the whole experience a lot more smooth. We are also adding a warning notice on the cancel dialog stating that the operation will cost BTC fees (which we have no control over, Counterparty itself does NOT charge fees that enrich anyone) -- see https://github.com/CounterpartyXCP/counterwallet/issues/254.

We have heard your complaints on numerous channels, numerous times, and have factored in your criticism into changes to the UI and code (along with other users). Thank you for that. But unless you are making US $1.50 per day mining and this conversation is ultimately about that, perhaps you should personally wait a few more months before trying to use Counterwallet with BTC-based orders.

[nikauforest]

Hi ,

I recently created a Counterparty web wallet. Very cool, and I was able to purchase some SwarmPre with BTC.

I have been trying to get some XCP in the wallet from Poloniex.  I have tried twice to send XCP from Poloniex Exchange to my Counterparty wallet. Each time the transactions have resulted in error. Poloniex has been great about crediting the XCP back to my account on the exchange. However, the question I have is, what is the best way to get XCP into my Counterparty wallet? Strangely this has been the most difficult thing to do.

Any suggestions or help would be appreciated.

[jokumat]

Yes, we're currently tweaking how Counterwallet calculates the current market price (Counterwallet GitHub issue #227). Also, fees aren't wasted if you don't log out (unless your order never gets matched). If you want to trade more quickly, easily, and cheaply, try purchasing assets with XCP.

thanks for your answer.

1.  Yes, I have better experience with XCP. But the possibility to exchange bitcoins directly is a big plus, one of the reasons to use counterparty and not nxt ae, for example. And another reason to use BTC - there might be better exchange rates on BTC markets. Some people seem to prefer to sell their assets in exchange for BTC, they don't want XCP.

And it's also weird to be forced to buy XCP on a centralized exchange. I think everything should be done to make it easier to buy XCP directly in the counterparty exchange. For many people this will be their first try to use counterparty and they will make their judgements accordingly.  

2. There should be sane defaults for newbies. Why is the default fee for BTC trades 1%?  How much lower can I go? If the fee goes to bitcoin miners, then why something like 0.2 miliBTC is not sufficient?

[jrmg]

I have been trying to get some XCP in the wallet from Poloniex.  I have tried twice to send XCP from Poloniex Exchange to my Counterparty wallet. Each time the transactions have resulted in error. Poloniex has been great about crediting the XCP back to my account on the exchange. However, the question I have is, what is the best way to get XCP into my Counterparty wallet? Strangely this has been the most difficult thing to do.

Any suggestions or help would be appreciated.

I have take last time yesterday morning XCP from Poloniex to counterwallet without any problem and before that ~5 time, never any problem. Best and easiest way get XCP into Counterwallet is Poloniex and Bter, next way is dex what is still little confused but hope not long anymore.

[CryptoBomg]

coin 16 hours goes on poloniex , it is normal or Exchange frozed again?

[nikauforest]

I have been trying to get some XCP in the wallet from Poloniex.  I have tried twice to send XCP from Poloniex Exchange to my Counterparty wallet. Each time the transactions have resulted in error. Poloniex has been great about crediting the XCP back to my account on the exchange. However, the question I have is, what is the best way to get XCP into my Counterparty wallet? Strangely this has been the most difficult thing to do.

Any suggestions or help would be appreciated.

I have take last time yesterday morning XCP from Poloniex to counterwallet without any problem and before that ~5 time, never any problem. Best and easiest way get XCP into Counterwallet is Poloniex and Bter, next way is dex what is still little confused but hope not long anymore.

Thanks, do I need to keep the counter wallet (web version ) open when I am transferring xcp there from Poloniex? anyways thanks for your help.

[impulsecorp]

I talk about CounterParty in my latest blog posting at
http://www.impulsecorp.com/bitcoin_2_making_money

- Eric

[baddw]

I have been trying to get some XCP in the wallet from Poloniex.  I have tried twice to send XCP from Poloniex Exchange to my Counterparty wallet. Each time the transactions have resulted in error. Poloniex has been great about crediting the XCP back to my account on the exchange. However, the question I have is, what is the best way to get XCP into my Counterparty wallet? Strangely this has been the most difficult thing to do.

Any suggestions or help would be appreciated.

I have take last time yesterday morning XCP from Poloniex to counterwallet without any problem and before that ~5 time, never any problem. Best and easiest way get XCP into Counterwallet is Poloniex and Bter, next way is dex what is still little confused but hope not long anymore.

Thanks, do I need to keep the counter wallet (web version ) open when I am transferring xcp there from Poloniex? anyways thanks for your help.

No, the addresses in your Counterwallet act the same as any other Bitcoin addresses.  You can send XCP to them at any time and (after confirmed in a block or two) they will show up there forever.

[cityglut]

Announcement: Peter Todd has begun his security audit on the Counterparty protocol and reference client.

[frozen123]

I talk about CounterParty in my latest blog posting at
http://www.impulsecorp.com/bitcoin_2_making_money

- Eric

Updated.   Counterparty Information Collection     https://forums.counterparty.co/index.php?topic=264.msg1962#msg1962

[sparta_cuss]

Announcement: Peter Todd has begun his security audit on the Counterparty protocol and reference client.

Hey, this is a big deal. 

[deliciousowl]

Announcement: Peter Todd has begun his security audit on the Counterparty protocol and reference client.

This is amazing. Peter Todd has some intense software security knowledge. And "much of his research covers Proof of Publication and Embedded Consensus systems, both highly relevant to Counterparty technology." (https://www.counterparty.co/team/)