[ANN] [XCH] ★ ClearingHouse - Freedom by Blockchain ★

[andreibi]

Drak,

I got a problem. I issued 100 tokens http://xch.blockscan.com/address.aspx?q=Vwzp25TDA387BxaJBeFyyG6yBo2VCy4ai3 with no problems. But I don't know why with Firefox, Clearwallet accidentally issued additional 100 tokens. I didn't refresh the browser, all I did was click on the exchange tab and then went back to balance tab. Anyway, the block explorer reported it as a double-spent attempt. http://explorer.viacoin.org/tx/4bd7ca8862e96820582697ab72d62f7627656081de6268b390ec03eaefd73196

Now, I intentionally issued 100 more tokens. This time after some hours, the transaction is still unconfirmed http://explorer.viacoin.org/tx/29724707af22db794f73c5d39a8f5920032868382f634e2507b720d230f11223 .

I was wondering if there's something not functioning with issuing additional tokens or asset management. I'm worried that I could not transfer asset ownership as I promised someone to transfer it to them.

I checked Counterparty assets. It seems that with Storj coin, it works. http://blockscan.com/assetInfo.aspx?q=SJCX#issuance

[btcdrak]

Drak,

I got a problem. I issued 100 tokens http://xch.blockscan.com/address.aspx?q=Vwzp25TDA387BxaJBeFyyG6yBo2VCy4ai3 with no problems. But I don't know why with Firefox, Clearwallet accidentally issued additional 100 tokens. I didn't refresh the browser, all I did was click on the exchange tab and then went back to balance tab. Anyway, the block explorer reported it as a double-spent attempt. http://explorer.viacoin.org/tx/4bd7ca8862e96820582697ab72d62f7627656081de6268b390ec03eaefd73196

Now, I intentionally issued 100 more tokens. This time after some hours, the transaction is still unconfirmed http://explorer.viacoin.org/tx/29724707af22db794f73c5d39a8f5920032868382f634e2507b720d230f11223 .

I was wondering if there's something not functioning with issuing additional tokens or asset management. I'm worried that I could not transfer asset ownership as I promised someone to transfer it to them.

I checked Counterparty assets. It seems that with Storj coin, it works. http://blockscan.com/assetInfo.aspx?q=SJCX#issuance

If a viacoin transaction remains unconfirmed, then it hasnt happened. For future, please get support by PM/IRC. Need screenshots. In any case, it will just be a display issue, because unless it is confirmed on the blockchain, nothing has happened.

[KryptoFoo]

Curious if anyone can comment on perceived weaknesses of counterparty and clearinghouse etc which are raised in this other thread posting. The poster brings up issues of weakened security for contracts when running a protocol on top of bitcoin, and that the proprietary blockchain solutions are superior.

VERIFICATION - HOW CONTRACTS WORK

Now think of a contracts protocol that's much more complex than Bitcoin's. Those contracts have their own "confirmation" rules which are governed by the "meta" protocol that's managed off the Bitcoin blockchain. Although the bitcoin blockchain can act as the "transport" mechanism for those contracts, it can't actually validate them because it doesn't understand the contract protocol.

Furthermore, a new Bitcoin block containing a contracts transaction is NOT a "hash" of all the contract confirmations that went before it - that still has to be done by the meta protocol which then has to potentially thread it's way back through the whole ancestry of transaction history for that particular contract, effectively requiring it to scan the whole Bitcoin blockchain just to confirm.

FUNCTIONALITY - HOW PROPRIETARY BLOCKCHAINS WORK

On the other hand, when these Bitcoin 2.0 protocols use proprietary blockchains, the blockchain *can* behave in a manner more analogous to bitcoin because they inherit the contracts protocol for the purpose of verification. That's why the approach that NxT, Etherium etc have taken will always blow the Bitcoin metacoin approach out of the water for speed, functionality, user experience.

I guess I don't understand how clearinghouse makes use of SPV, if it is required for clearinghouse to work or just makes the clients run faster. Does anybody know some source material to help gain a better technical understanding of clearinghouse? Any good posts providing a good counter-argument to Vitalik's opinion on the matter of SPV?

TIA

Edit: found some discussion on counterparty forums. Guess I had it backwards, Vitalik's argument is that clearinghouse et. al. do not inherit SPV so have to scan back to the beginning of the blockchain to verify transactions as valid, making the process slow and unscalable. 
https://forums.counterparty.io/discussion/214/vitalik-s-debate

[kjn311]

I think Clearinghouse should use http://codius.org/ and not Ethereum turing language but hey whateva.

[KryptoFoo]

A new service to leverage clearinghouse:

blocktrust.org  - A secure Crowdfund hosting platform utilizing MultiSig Escrow and ClearingHouse notarization services. Coming Soon

ARCH ASSETS – STATUS OVERVIEW
BLOCKTRUST.org – Our latest arch asset developed by one of our own CEOs. This is the pinnacle of crypto services intended to give a simple trustworthy independent solution to hosting Self-Funding services with the support of the advanced crowdsale software already developed for ARCHcoin. This platform will allow notarized Proof of Development certification for any coin or decentralized service. Anyone interested in funding their crypto-currency project will have a great advantage, trust and escrow wise, using our proprietary unique software. @cryptostoner is our lead project CEO of BlockTrust

Looks like blocktrust may be trying to emulate Koinify. They may have something to do with ARCHcoin, whose white paper I tried to read but couldn't find any useful info from it because it kept screaming scam to me. Nevertheless it's good to know that new folks are turning to VIA/XCH for their solutions.

edit: just reread BTCdrak's forum post rules. I am in no way involved with the abovementioned project, this is not an advertisement! Just thought it interesting to see who is using the network, and how.

[karmala]

A new service to leverage clearinghouse:

blocktrust.org  - A secure Crowdfund hosting platform utilizing MultiSig Escrow and ClearingHouse notarization services. Coming Soon

ARCH ASSETS – STATUS OVERVIEW
BLOCKTRUST.org – Our latest arch asset developed by one of our own CEOs. This is the pinnacle of crypto services intended to give a simple trustworthy independent solution to hosting Self-Funding services with the support of the advanced crowdsale software already developed for ARCHcoin. This platform will allow notarized Proof of Development certification for any coin or decentralized service. Anyone interested in funding their crypto-currency project will have a great advantage, trust and escrow wise, using our proprietary unique software. @cryptostoner is our lead project CEO of BlockTrust

Looks like blocktrust may be trying to emulate Koinify. They may have something to do with ARCHcoin, whose white paper I tried to read but couldn't find any useful info from it because it kept screaming scam to me. Nevertheless it's good to know that new folks are turning to VIA/XCH for their solutions.

edit: just reread BTCdrak's forum post rules. I am in no way involved with the abovementioned project, this is not an advertisement! Just thought it interesting to see who is using the network, and how.

Thank you for your contribution. Its appreciated!

[fox19891989]

A new service to leverage clearinghouse:

blocktrust.org  - A secure Crowdfund hosting platform utilizing MultiSig Escrow and ClearingHouse notarization services. Coming Soon

ARCH ASSETS – STATUS OVERVIEW
BLOCKTRUST.org – Our latest arch asset developed by one of our own CEOs. This is the pinnacle of crypto services intended to give a simple trustworthy independent solution to hosting Self-Funding services with the support of the advanced crowdsale software already developed for ARCHcoin. This platform will allow notarized Proof of Development certification for any coin or decentralized service. Anyone interested in funding their crypto-currency project will have a great advantage, trust and escrow wise, using our proprietary unique software. @cryptostoner is our lead project CEO of BlockTrust

Looks like blocktrust may be trying to emulate Koinify. They may have something to do with ARCHcoin, whose white paper I tried to read but couldn't find any useful info from it because it kept screaming scam to me. Nevertheless it's good to know that new folks are turning to VIA/XCH for their solutions.

edit: just reread BTCdrak's forum post rules. I am in no way involved with the abovementioned project, this is not an advertisement! Just thought it interesting to see who is using the network, and how.

Thank you for your contribution. Its appreciated!

Great, that will be a great project on XCH

[litecoin111]

So I understand how to release tokens/dividends etc, but how would one create a Decentralized Autonomous Corporation on Clearing house?

[karmala]

He guys,

is it normal to wait looong time for xch withdrawal from bter? It says: Waiting for balance... on bter

[ElTomeko27]

He guys,

is it normal to wait looong time for xch withdrawal from bter? It says: Waiting for balance... on bter

Its unusual . Yesterday I withdraw XCH twice from BTEr and it was very fast(about 5-10min)...

[karmala]

He guys,

is it normal to wait looong time for xch withdrawal from bter? It says: Waiting for balance... on bter

Its unusual . Yesterday I withdraw XCH twice from BTEr and it was very fast(about 5-10min)...

yeah yesterday was also fine for me. That was my test. Today I tried to withdraw 100000 xch and it still stucks. opend a support ticket.

[CryptoTrout]

I've had Bter XCH withdrawals take anywhere from 5 minutes to 18 hours.  My first deposit took almost a full day too. 

[karmala]

I've had Bter XCH withdrawals take anywhere from 5 minutes to 18 hours.  My first deposit took almost a full day too.  

Thanks, I will withdraw everything as soon as possible bter sucks. We need to get Bittrex to add XCH! Please all twett @Bittrex to add XCH!!!!!

[karmala]

I've had Bter XCH withdrawals take anywhere from 5 minutes to 18 hours.  My first deposit took almost a full day too.  

Thanks, I will withdraw everything as soon as possible bter sucks. We need to get Bittrex to add XCH! Please all twett @Bittrex to add XCH!!!!!

24 hours later bter gave me a tx f42ff1037b517dab44919ac292d94a701a4e860c3e1afbbd5f9c2cdfae2048a3 which does not show on the network and no 100000 xch in my wallet after more than 2 hours....

[ElTomeko27]

I've had Bter XCH withdrawals take anywhere from 5 minutes to 18 hours.  My first deposit took almost a full day too.  

Thanks, I will withdraw everything as soon as possible bter sucks. We need to get Bittrex to add XCH! Please all twett @Bittrex to add XCH!!!!!

24 hours later bter gave me a tx f42ff1037b517dab44919ac292d94a701a4e860c3e1afbbd5f9c2cdfae2048a3 which does not show on the network and no 100000 xch in my wallet after more than 2 hours....

hmmm Blockskan showing last transactions 1 day and 13h ago...

[ElTomeko27]

BTW what is Morellian project if I can ask??

[karmala]

I've had Bter XCH withdrawals take anywhere from 5 minutes to 18 hours.  My first deposit took almost a full day too.  

Thanks, I will withdraw everything as soon as possible bter sucks. We need to get Bittrex to add XCH! Please all twett @Bittrex to add XCH!!!!!

24 hours later bter gave me a tx f42ff1037b517dab44919ac292d94a701a4e860c3e1afbbd5f9c2cdfae2048a3 which does not show on the network and no 100000 xch in my wallet after more than 2 hours....

hmmm Blockskan showing last transactions 1 day and 13h ago...

I manually transfered xch which did work fine and its also showing up in the explorer. There must be something wrong on bter's end  

edit: I did a second withdrawal from bter wich also did not come through. Could anybody here please make a test withdrawal from bter please.

[spookycoins]

After more than 24 hours, my XCH have finally been deposited to BTER from Polo.
Geez, That took a long time.

[waterlily456]

I've had Bter XCH withdrawals take anywhere from 5 minutes to 18 hours.  My first deposit took almost a full day too.  

Thanks, I will withdraw everything as soon as possible bter sucks. We need to get Bittrex to add XCH! Please all twett @Bittrex to add XCH!!!!!

24 hours later bter gave me a tx f42ff1037b517dab44919ac292d94a701a4e860c3e1afbbd5f9c2cdfae2048a3 which does not show on the network and no 100000 xch in my wallet after more than 2 hours....

hmmm Blockskan showing last transactions 1 day and 13h ago...

Checked the transaction from Bter's wallet  and found it was confirmed 3304 times already

[prophetx]

anything interesting going on with this coin?

how is the VIA coin we gave being spent?

coin seems like it dead to me and with all those funds why is nothing being accomplished to get users....