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

[xnova]

Is someone from this group taking the lead on working with Overstock?
They are looking to start a DEX and needing the howto.
It looks like it could be a good project for some of the folks here.

We're about 3 months ahead of you here.

[xnova]

Does the following mean that the money needed for a bet would have to be put into escrow before the bet and that that money would be xcp and that the payout would also be in xcp?  

You can use only XCP for making bets

(https://www.counterparty.co/resources/faqs/aside-from-speculative-investment-why-will-there-be-demand-for-xcp/)

Yes

[NewLiberty]

Is someone from this group taking the lead on working with Overstock?
They are looking to start a DEX and needing the howto.
It looks like it could be a good project for some of the folks here.

We're about 3 months ahead of you here.

I know XCP's DEX is the best and only one that is really working.  They are just looking to implement.
Are you the lead on this Overstock/XCP effort?
Or should this be taken to mean that no one need do anything since it has been done already 3 months ago.

[nutildah]

People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.

[IamNotSure]

People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.

The guy that sold 10 SWARMVOTETWO for 10 XCP probably sold them to himself

That would be fun if someone would actually buy SWARMVOTETWO for XCP

[open82buy]

People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.

  This is really funny coming from a TROLL   

I guess you don't mind it if I post the private messages you've been sending me then and then all can see what a troll you are.

[nutildah]

People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.

  This is really funny coming from a TROLL   

I guess you don't mind it if I post the private messages you've been sending me then and then all can see what a troll you are.

Wow, you went right off the deep end. Pretty original stuff, your comments (that you posted in 12 different threads I commented on -- who is the troll again?):

I guess you don't mind it if I post the private messages you've been sending me then.

You physically threatened me over a coin that didn't even budge in price, despite your assertions that I was "costing you money." Anything someone says after you threaten them, you had it coming. These people don't care about our squabble btw.

[open82buy]

People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.

  This is really funny coming from a TROLL   

I guess you don't mind it if I post the private messages you've been sending me then and then all can see what a troll you are.

Wow, you went right off the deep end. Pretty original stuff, your comments (that you posted in 12 different threads I commented on -- who is the troll again?):

I guess you don't mind it if I post the private messages you've been sending me then.

You physically threatened me over a coin that didn't even budge in price, despite your assertions that I was "costing you money." Anything someone says after you threaten them, you had it coming. These people don't care about our squabble btw.

People just have to read your post history, btw trolling a troll. 

[baddw]

Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

[.....]

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain.  

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.

Is there a a fee table or something?

And are there transactions/processes that cost nothing?

In other words: What costs how much? Is there a summary of this anywhere?

Most transactions are about US $0.06. If you're selling BTC on the DEx, you pay about 1% of the amount as anti-spam fees to Bitcoin miners (not us!).

Ok. Great. The 0,06 USD for most tx are paid in XCP  I guess?
And is it always the cost in XCP (0,06) + tx fees to bitcoin miners?
Does anything on the DEX cost? I mean if I am selling BTC then often for an asset...

No, the six US cents are in Bitcoin tx fees. There aren't any XCP fees at all, except 0.5 XCP for every initial asset creation.

Can you explain how the transaction fee is different from the "anti-spam fee"?  Was this an agreement reached between Counterparty and Bitcoin mining pools/devs, or ...?

The transaction fees are set by Bitcoin miners and are independent of Counterparty. The 0.5 XCP anti-spam measure we set up, and the miners have nothing to do with.

Well AFAIK the mining fee in the reference Bitcoin client is set corresponding to the size of the transaction in kb and coin-age, not transaction amount, and should be the same whether the transaction sends .001 BTC or 100 BTC.  So how/why is the fee about 1% of the transaction for some transactions, and not just $0.06 for every transaction?

[PhantomPhreak]

Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

[.....]

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain.  

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.

Is there a a fee table or something?

And are there transactions/processes that cost nothing?

In other words: What costs how much? Is there a summary of this anywhere?

Most transactions are about US $0.06. If you're selling BTC on the DEx, you pay about 1% of the amount as anti-spam fees to Bitcoin miners (not us!).

Ok. Great. The 0,06 USD for most tx are paid in XCP  I guess?
And is it always the cost in XCP (0,06) + tx fees to bitcoin miners?
Does anything on the DEX cost? I mean if I am selling BTC then often for an asset...

No, the six US cents are in Bitcoin tx fees. There aren't any XCP fees at all, except 0.5 XCP for every initial asset creation.

Can you explain how the transaction fee is different from the "anti-spam fee"?  Was this an agreement reached between Counterparty and Bitcoin mining pools/devs, or ...?

The transaction fees are set by Bitcoin miners and are independent of Counterparty. The 0.5 XCP anti-spam measure we set up, and the miners have nothing to do with.

Well AFAIK the mining fee in the reference Bitcoin client is set corresponding to the size of the transaction in kb and coin-age, not transaction amount, and should be the same whether the transaction sends .001 BTC or 100 BTC.  So how/why is the fee about 1% of the transaction for some transactions, and not just $0.06 for every transaction?

It's part of the Counterparty protocol to prevent troll orders on the XXX/BTC DEx. It's only for orders involving BTC.

[frozen123]

2.august 2014  Counterparty transactions: 1366. link:  http://www.blockscan.com/default.aspx   

[jrmg]

2.august 2014  Counterparty transactions: 1366. link:  http://www.blockscan.com/default.aspx   

When transaction amount reach 10k? Maybe next summer.

[danielpbarron]

What the fuck is MEAT and CAKE ?

Why is there only 2 assets in XCP ?

MEAT is explained here: http://danielpbarron.com/MEAT/

CAKE is one of the first assets ever created on counterparty.

I'm pretty much the only one trading either of them; feel free to join in. I'm willing to give loans if you want to take a short position.

[delulo]

Does the following mean that the money needed for a bet would have to be put into escrow before the bet and that that money would be xcp and that the payout would also be in xcp?  

You can use only XCP for making bets

(https://www.counterparty.co/resources/faqs/aside-from-speculative-investment-why-will-there-be-demand-for-xcp/)

Yes

That was the crucial point. Thanks.

[ranlo]

Can someone please help me out with something related to XCP?

I was given some shares of a stock/asset on Counterparty, to my local BTC address. I just created my XCP account as well to try and see how I can access those shares directly (for trading, keeping up with them, etc.). I'm completely lost as to what I need to do.

I have full control over the address in question (that is linked to the shares), so if I need to sign a message in the client or something that's not an issue. I'm just confused as to what I should be doing right now.

Thanks guys!

[romerun]

Can someone please help me out with something related to XCP?

I was given some shares of a stock/asset on Counterparty, to my local BTC address. I just created my XCP account as well to try and see how I can access those shares directly (for trading, keeping up with them, etc.). I'm completely lost as to what I need to do.

I have full control over the address in question (that is linked to the shares), so if I need to sign a message in the client or something that's not an issue. I'm just confused as to what I should be doing right now.

Thanks guys!

2 options:

1. import private key(sweep assets), to counterwallet.co
2. install counterpartd and learn the command lines

[ranlo]

Can someone please help me out with something related to XCP?

I was given some shares of a stock/asset on Counterparty, to my local BTC address. I just created my XCP account as well to try and see how I can access those shares directly (for trading, keeping up with them, etc.). I'm completely lost as to what I need to do.

I have full control over the address in question (that is linked to the shares), so if I need to sign a message in the client or something that's not an issue. I'm just confused as to what I should be doing right now.

Thanks guys!

2 options:

1. import private key(sweep assets), to counterwallet.co
2. install counterpartd and learn the command lines

Thanks for the confirmation -- I was afraid of that. With the things that have happened in the past with exchanges and such, I've become extremely wary of putting funds on a site where they could potentially get access to the address. Is there anything in place to keep this from happening with Counterparty?

And just to be sure, if I import the private key associated with the shares I have, and have it swept to a new address on Counterparty, those shares will also change ownership over to the new address? Or how does that part work?

[led_lcd]

Thanks for the confirmation -- I was afraid of that. With the things that have happened in the past with exchanges and such, I've become extremely wary of putting funds on a site where they could potentially get access to the address. Is there anything in place to keep this from happening with Counterparty?

And just to be sure, if I import the private key associated with the shares I have, and have it swept to a new address on Counterparty, those shares will also change ownership over to the new address? Or how does that part work?

It's possible for you to download and run Counterwallet locally. I understand that the Counterparty team will be making it even more easy to automatically download and run Counterwallet locally. You can then use the sweep function locally to move your assets into your deterministic wallet.

[romerun]

And just to be sure, if I import the private key associated with the shares I have, and have it swept to a new address on Counterparty, those shares will also change ownership over to the new address? Or how does that part work?

Right, they will be moved to the new address, but you can always click the "Show Private Key" of the address to back up.

[baddw]

Thanks for the confirmation -- I was afraid of that. With the things that have happened in the past with exchanges and such, I've become extremely wary of putting funds on a site where they could potentially get access to the address. Is there anything in place to keep this from happening with Counterparty?

My understanding of the way that Counterwallet works is that the information is never really stored "on the site".  The wallet is generated on-the-fly when you input the 12-word passcode.

Question for Counterparty devs: Is the passcode sent to the server(s) or is it all kept in the user's browser and run through client-side scripting?  If someone compromised the webserver, is there any chance that they could see the passcode "in the clear" in the logs, or as _POST or _GET variables within the webserver software itself?

And just to be sure, if I import the private key associated with the shares I have, and have it swept to a new address on Counterparty, those shares will also change ownership over to the new address? Or how does that part work?

Yes, the shares will be transferred to the new address which is generated as part of the deterministic wallet.