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

[ssmc2]

Even now I still have XCP's in a counterwallet.io account and after I copy and paste the 12-word password to login, I quickly copy a random word to replace the paste buffer and I have a Mousepad (Linux notepad) for test-pasting.  These few seconds in between are stressful for me, what if I get interrupted at work and forget to replace the buffer, what if I accidentally paste it in an irc chatroom (most of the channels I'm in are crypto-related, lol), what if I accidentally paste it in a google search or google chrome address bar (and now part of the google index search term that people can pickup maybe).

Having local access and control means someone 15K miles away shouldn't be able to wipe me out of my Counterparty assets 

What about just using the virtual keyboard?

[palawan]

Even now I still have XCP's in a counterwallet.io account and after I copy and paste the 12-word password to login, I quickly copy a random word to replace the paste buffer and I have a Mousepad (Linux notepad) for test-pasting.  These few seconds in between are stressful for me, what if I get interrupted at work and forget to replace the buffer, what if I accidentally paste it in an irc chatroom (most of the channels I'm in are crypto-related, lol), what if I accidentally paste it in a google search or google chrome address bar (and now part of the google index search term that people can pickup maybe).

Having local access and control means someone 15K miles away shouldn't be able to wipe me out of my Counterparty assets 

What about just using the virtual keyboard?

For typing the 12-word password?  Yes, it's safer.  I can also use the keyboard as I'm confident I don't have malware keyboard logger on my laptop running Linux.  It's every person's tolerance-level that dictates their setups.  A password that can be typed from Timbuktu on an online wallet (imho) should not be enough to wipe out valuable assets.  I think later on we'll have 2FA support and/or counterwallet-qt.

[pankogulo]

Here's a nice summary of the Counterparty AMA on Monday: http://counterparty.io/news/top-10-questions-from-counterparty-reddit-ama/

Thanks again to everyone who participated!

[deliciousowl]

Here's a nice summary of the Counterparty AMA on Monday: http://counterparty.io/news/top-10-questions-from-counterparty-reddit-ama/

Thanks again to everyone who participated!

Sidechains are highly theoretical and still have major security concerns. However, if these problems can somehow be overcome, we'd certainly consider moving to a sidechain [...] but there is a major security advantage to running on mainnet, especially for the lower-frequency, higher value type financial transactions that are our target.

 

[fnxt]

Here's a nice summary of the Counterparty AMA on Monday: http://counterparty.io/news/top-10-questions-from-counterparty-reddit-ama/

Thanks again to everyone who participated!

Sidechains are highly theoretical and still have major security concerns. However, if these problems can somehow be overcome, we'd certainly consider moving to a sidechain [...] but there is a major security advantage to running on mainnet, especially for the lower-frequency, higher value type financial transactions that are our target.

 

      Yes

[yufu571]

Here's a nice summary of the Counterparty AMA on Monday: http://counterparty.io/news/top-10-questions-from-counterparty-reddit-ama/

Thanks again to everyone who participated!

Sidechains are highly theoretical and still have major security concerns. However, if these problems can somehow be overcome, we'd certainly consider moving to a sidechain [...] but there is a major security advantage to running on mainnet, especially for the lower-frequency, higher value type financial transactions that are our target.

 

Question:
what is " the lower-frequency, higher value type financial transactions"?

[weex]

Here's a nice summary of the Counterparty AMA on Monday: http://counterparty.io/news/top-10-questions-from-counterparty-reddit-ama/

Thanks again to everyone who participated!

Sidechains are highly theoretical and still have major security concerns. However, if these problems can somehow be overcome, we'd certainly consider moving to a sidechain [...] but there is a major security advantage to running on mainnet, especially for the lower-frequency, higher value type financial transactions that are our target.

 

Question:
what is " the lower-frequency, higher value type financial transactions"?

Trading 1000 shares of Overstock instead of tipping someone for a funny quip.

[psychocoin]

XCP is going to #2 market cap. Give it a month or two.

[BitThink]

XCP is going to #2 market cap. Give it a month or two.

To increase another 15 times in one or two months does not seem to be possible, although I wish I am wrong. Unless we see many popular applications built on the smart contract, but verifying security itself may take more than two months.

[ElTomeko27]

0.01800  2176.307  39.17353BTC Nice sell wall on BTER... Someone really want to push the price down...

[deliciousowl]

XCP is going to #2 market cap. Give it a month or two.

I'd say six months... possibly a year.

0.01800  2176.307  39.17353BTC Nice sell wall on BTER... Someone really want to push the price down...

Great. I'll pick some up. 

[LordMeowMeow]

0.01800  2176.307  39.17353BTC Nice sell wall on BTER... Someone really want to push the price down...

That's been going on for a while. It's working, and the smart investors are buying on the dips. The great thing about XCP is that the long-term holders have and will continue to hold for a long time so there's a very solid floor which limits potential downside.

[pankogulo]

Hi all, another community update is here with a monthly summary of all the exciting news from the last 30 days http://counterparty.io/news/counterparty-community-update-november-25/

[getts]

Analysis Please:

The White Paper for Paycoin just came out. https://c91475e716c8925e05c6-d2659d433205cf4410415f8dd63807af.ssl.cf5.rackcdn.com/Paycoin_Whitepaper.pdf   (starting on about page 16, the descriptions overlapping Counterparty-like functionality is addressed)

To cut to the chase, there are a number of functionalities that appear to be very similar to Counterparty.   Maybe too early to tell, but does anyone believe that this has been originally coded, or "lifted" from the work Counterparty has so brilliantly developed?

BTW, the Vice Chairman of Cantor Fitzgerald, Stuart Fraser, is apparently providing $100 million+ in venture capital.  https://twitter.com/GTAUKSTER

For those of you following the Counterparty "copycats" or whatever you want to call them, here is a Wall St. Journal article.  Paycoin may have a market cap among the top 3  alt coins right out of the gate:

[Suspicious link removed]j.com/moneybeat/2014/11/25/bitbeat-gaw-miners-to-launch-bitcoin-challenger-paycoin/

Interesting that it states that Paycoin will be built right on top of the Bitcoin blockchain, apparently like Counterparty without a sidechain?

[deliciousowl]

Interesting that it states that Paycoin will be built right on top of the Bitcoin blockchain, apparently like Counterparty without a sidechain?

This is not the Paycoin thread, and Counterparty does not have a sidechain (and is not on a sidechain).

[pikuchato]

XCP is going to #2 market cap. Give it a month or two.

I'd say six months... possibly a year.

0.01800  2176.307  39.17353BTC Nice sell wall on BTER... Someone really want to push the price down...

Great. I'll pick some up.  

As a former xcp holder, I used to follow XCP trading quite closely.

XCP was traded for 0.003 for months,
30-45 days before the announcement about the etherum protocol implementation on top of xcp someone with inside information begun to buy massive amounts of xcp's.
The price drove up slowly up to 0.017 at the day of the announcement itself.
The hype took it higher to the range of 0.022-0.023 and after few days of trading someone pulled like 80% of the buy orders resulting in a very thick buy book.

You can call me paranoid, but that is my opinion (just look at the graphs before you kill me for fudding)


edit: I am saying this because in my opinion we still have a way until *real* floor is reached.
I am keeping an eye as well although currently I have no free btc to invest anyway (xcp is a great project with a great team I am just not sure about its current price).

The floor should be a bit higher then 0.003 which was the price before the insider pump, anyway I won't touch xcp again because they are playing with inside information - honest investors have no chance in here.

[getts]

Interesting that it states that Paycoin will be built right on top of the Bitcoin blockchain, apparently like Counterparty without a sidechain?

This is not the Paycoin thread, and Counterparty does not have a sidechain (and is not on a sidechain).

deliciousowl, if you take the time to read carefully, you will see that I am referring to Counterparty WITHOUT a side chain.  It is quite obvious that Counterparty is built into the Bitcoin blockchain.  However, it is not yet that obvious with Paycoin, but from the WSJ article, this also appears to be the case?

I would think that anyone involved with Counterparty, at least from an investment prospective, would want to know about other coins that pro port to carry out the same functions.  Apparently, there is no protection of the valuable coding to prevent cloning of the code.

[Matt Y]

Counterparty is not on a sidechain, genius.

[GeminiSimba]

Interesting that it states that Paycoin will be built right on top of the Bitcoin blockchain, apparently like Counterparty without a sidechain?

This is not the Paycoin thread, and Counterparty does not have a sidechain (and is not on a sidechain).

deliciousowl, if you take the time to read carefully, you will see that I am referring to Counterparty WITHOUT a side chain.  It is quite obvious that Counterparty is built into the Bitcoin blockchain.  However, it is not yet that obvious with Paycoin, but from the WSJ article, this also appears to be the case?

I would think that anyone involved with Counterparty, at least from an investment prospective, would want to know about other coins that pro port to carry out the same functions.  Apparently, there is no protection of the valuable coding to prevent cloning of the code.

getts, this forum is more about people who have interest in discussing the impacts and innovations of "Counterparty". It is ok to once in a while mention here or there some alt coin that has peaked your interest, however I've been tracking your comments. You have 7 messages to your account and over half of them are on this page and they are all about an alt coins that you feel will compete with counterparty. I am not normally the type to start conflict, but at this point you are obviously spreading FUD, and you are starting to become an annoyance...

[getts]

You have it totally wrong, GeminiSimba.

I am sincerely interested in investing, possibly a lot of money into Counteryparty, as I recenlty have into Bitcoin itself on this pullback.  However, up to this point, I am not finding the answers that I need as an investor to justify putting out all this money, just to have it wiped out because someone else came up with the same coding in a different coin that took off and became the standard for these functionalists.  You can't just bury your head in the sand and believe that just because the Counterparty coders are the brightest and have done the best job, with integrity, doesn't mean that it will ultimately become the most valuable coin.   And yes, it is an alt coin, even though it is coded onto the Bitcoin blockchain.

If you, or anyone else, could address this beyond the "first to market" argument, I am eagerly awaiting a reason to put my money to work.