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

[visual111]

more than once i have come across concerns about the speed of xcp's transactions and how this may impede trading on any sort of exchange. Is this a valid concern? if so, are there plans to increase tx confirmation speed?

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[GeminiSimba]

more than once i have come across concerns about the speed of xcp's transactions and how this may impede trading on any sort of exchange. Is this a valid concern? if so, are there plans to increase tx confirmation speed?

I heard this as well, the counter argument is usually that yes bitcoin 10 minute authorization speed will perhaps prevent the high speed trading typical in traditional exchanges but is that really a bad thing? Those fast mathematical quick trades that are made by bots and not by informed human beings who want to make a real decision on what to invest in? I'm not an investment pro but seeing the situation from an outsiders perspective I certainly don't require the ability to transact within seconds just to decide I want to buy some stocks in something lol.

[spacerman]

more than once i have come across concerns about the speed of xcp's transactions and how this may impede trading on any sort of exchange. Is this a valid concern? if so, are there plans to increase tx confirmation speed?

I second this question. The wall street journal article today about XCP also cited the Ethereum makers, and the Ethereum team seemed pretty confident that XCP wasn't going to beat out Ether. That Ether still allowed for more applications to be built on top of it and that the transaction speeds were 10 seconds or less, compared to Bitcoin's/XCP's transaction speeds of 10 minutes.

more than once i have come across concerns about the speed of xcp's transactions and how this may impede trading on any sort of exchange. Is this a valid concern? if so, are there plans to increase tx confirmation speed?

I heard this as well, the counter argument is usually that yes bitcoin 10 minute authorization speed will perhaps prevent the high speed trading typical in traditional exchanges but is that really a bad thing? Those fast mathematical quick trades that are made by bots and not by informed human beings who want to make a real decision on what to invest in? I'm not an investment pro but seeing the situation from an outsiders perspective I certainly don't require the ability to transact within seconds just to decide I want to buy some stocks in something lol.

And in reply to this...faster is always better. There is an economic advantage to the faster exchange. You could make 360 transactions per hour on the ethereum protocol and only 6 on bitcoin/counterparty. Businesses are going to be following the money.

[bitcoinpaul]

Could easily become another bitcoin in terms of return over time. I'm holding.

I think this is a sort of misunderstanding.  

Counterparty really *IS* Bitcoin as it is made entirely of bitcoin's blockchain.

[spacerman]

Could easily become another bitcoin in terms of return over time. I'm holding.

I think this is a sort of misunderstanding.  

Counterparty really *IS* Bitcoin as it is made entirely of bitcoin's blockchain.

Which, for long term prospects, may not be a good thing. Ethereum was specifically created to add more features to bitcoin. This ethereum protocol implication may have been overrated by traders today.

[Come-from-Beyond]

Counterparty really *IS* Bitcoin as it is made entirely of bitcoin's blockchain.

This is a philosophical issue , what about Dogeparty? Is it Counterparty or Doge?

Btw, when will we see Smart Contracts on Dogeparty? That will be another train for those who missed this one.

[jabo38]

Wow I just saw the price  
Now I need to read the thread to see what have happened

http://blogs.wsj.com/moneybeat/2014/11/12/bitbeat-bitcoin-2-0-firm-counterparty-adopts-ethereums-software/

Well.... that was an interesting development.  

The way I understand the back story of CounterParty now is.....  A dev was trying to work with MasterCoin but things weren't going well at Mastercoin so said dev just cloned it and improved it by himself.

Now dev sees a product called Ethereum and clones it and puts it in CounterParty.  That must sting for Ethereum, especially if CounterParty gets the first mover advantage and makes it better in someway than Ethereum was originally planning.  

And then what after that..... Dev clones and grabs additionally third application and puts it on Counterparty for a secret project with Overstock?  

One problem with the crypto world is that a lot of people are terrible finishers.  Sooooo many projects with bad GUIs or no GUI, or so many projects have been delayed over and over.  The result is that there is lots of innovation, but no really great end product.  Looks like CounterParty is coming in and finishing things off.  

I am going to watch CounterParty.  I was originally a naysayer because I thought it was a ripoff of Mastercoin, just another clone that was going to be a pump as so often exists in the alt coin world, but since its early days it has become much better than Mastercoin, and actually become quite respectable.  

[Matt Y]

Hey guys,

Some friends and I made this site.

http://donatexcp.com/

When XCP is donated we "timelock" the funds until May 15, 2015 (which was a date chosen fairly arbitrarily). We wanted to donate and show support for Counterparty, however, we did not want to cash out any of our XCP before it goes up a bit more.

I'll be adding the logos of a few companies built on Counterparty who made donations towards the initial wallet balance. If anyone out there, person or company, would like to make a public donation and have their logo displayed on the site, just let me know. To donate privately, simply send funds to the address displayed on the site.

As a side note I'd also like to announce that Bet XCP has been sold. All of the funds from the sale were donated to Donate XCP. The new owner of Bet XCP will likely announce himself shortly.

[pankogulo]

Hey guys,

Some friends and I made this site.

http://donatexcp.com/

When XCP is donated we "timelock" the funds until May 15, 2015 (which was a date chosen fairly arbitrarily). We wanted to donate and show support for Counterparty, however, we did not want to cash out any of our XCP before it goes up a bit more.

I'll be adding the logos of a few companies built on Counterparty who made donations towards the initial wallet balance. If anyone out there, person or company, would like to make a public donation and have their logo displayed on the site, just let me know. To donate privately, simply send funds to the address displayed on the site.

As a side note I'd also like to announce that Bet XCP has been sold. All of the funds from the sale were donated to Donate XCP. The new owner of Bet XCP will likely announce himself shortly.

Great job Matt

[deliciousowl]

Hey guys,

Some friends and I made this site.

http://donatexcp.com/

When XCP is donated we "timelock" the funds until May 15, 2015 (which was a date chosen fairly arbitrarily). We wanted to donate and show support for Counterparty, however, we did not want to cash out any of our XCP before it goes up a bit more.

Thank you for supporting XCP! And I'll vouch for this.

What else is coming in the works for CounterParty?

Now that there is a scripting language for smart contracts, Counterparty users will be able to create their own functionality as needed. (Once it undergoes security testing). But apparently there are a few other things on the horizon as well.

[StarenseN]

Where can I find a "begginer's tutorial" to begin to dive in writing smart contract from a poor knowledge of coding? This should exist anytime soon!

[LifeisGreat88088]

Hey guys,

Some friends and I made this site.

http://donatexcp.com/

When XCP is donated we "timelock" the funds until May 15, 2015 (which was a date chosen fairly arbitrarily). We wanted to donate and show support for Counterparty, however, we did not want to cash out any of our XCP before it goes up a bit more.

I'll be adding the logos of a few companies built on Counterparty who made donations towards the initial wallet balance. If anyone out there, person or company, would like to make a public donation and have their logo displayed on the site, just let me know. To donate privately, simply send funds to the address displayed on the site.

As a side note I'd also like to announce that Bet XCP has been sold. All of the funds from the sale were donated to Donate XCP. The new owner of Bet XCP will likely announce himself shortly.

Great job Matt

+5%

[mitache365]

lol. I am not sure now where XCP can go! 

[jrmg]

Have anyone make asset selling site where can put asset / contact details if want sell some asset what own?

What is this talking about side chains? Can that really risk counterparty future later? What is biggest possible problem what devs thinking can be front of in future? If not count SEC or some USA ban all cryptos..

[lonsharim]

Have anyone make asset selling site where can put asset / contact details if want sell some asset what own?

Not sure if I understood you correctly but https://counterwallet.io/ should do the trick for you. There is a decentralized exchange in place to list/buy/sell your tokens

What is this talking about side chains? Can that really risk counterparty future later?

An alternate way proposed to execute these transactions without bloating the blockchain ledger which is already several gigabytes in size. Counterparty devs have raised security concerns over such an implementation.

Risks to counterparty? Not while sidechains remain unproven and theoretical. Tomorrow if that changes, Counterparty team have shown to be extremely adaptable, as recently demonstrated by the integration of Ethereum programming language on the counterparty platform.

What is biggest possible problem what devs thinking can be front of in future? If not count SEC or some USA ban all cryptos..

Anything is possible. There are however no immediate existential threats

[SalimNagamato]

Have anyone make asset selling site where can put asset / contact details if want sell some asset what own?

What is this talking about side chains? Can that really risk counterparty future later? What is biggest possible problem what devs thinking can be front of in future? If not count SEC or some USA ban all cryptos..

USA need to ban the Internet to stop cryptos completely...

[deliciousowl]

What is this talking about side chains?

Mass hysteria.

[deliciousowl]

My favorite part about scripting smart contracts with Counterparty, Pyethereum, and Serpent:

'Functions can be called either by transactions or by other contracts, and are the way that Serpent contracts provide an "interface" to other contracts and to transactions.'

 

https://github.com/ethereum/wiki/wiki/Serpent
https://blog.ethereum.org/2014/04/10/pyethereum-and-serpent-programming-guide/

Also, the namecoin example in Serpent (ethereum script) is really nifty:

Code:

if not contract.storage[msg.data[0]]:
    contract.storage[msg.data[0]] = msg.data[1]

[NOjust]

such huge trade volume of xcp,
sad to sell at 005,realy pity for that.

[Aterna]

Interested in jumping into this coin. Is it just contracts and an exchange, or is there a marketplace for goods coming out as well?