Robby Dermody - Counterparty – Assets, Dividends andThis actually makes a lot more sense even though it sort of encourages hoarding (I can understand why this makes sense in relation to rewarding early adopters).Why would you want the fact that you wanted to buy asset X for Y BTC on the 3rd of November four years ago, stored permanently, verified by thousands of people, and PAY for that.I think we can do better than following in the footsteps of a centralized model.Broadcast your real tx normally, wait for zero-conf acceptance.
Problems With Bitcoin Are Growing | Lets Talk PaymentsMy view on Bitcoin is that I see it as a good replacement for gold, but not much more - for transactional use continually better and better protocols will keep replacing it.The whole business of being a market maker relies on paying as little fees as possible.
If Bitcoin did not have the incentivization aspect baked in, it may well have met the same fate as Diaspora.The People Who Burn Bitcoins. Counterparty benefits Bitcoin by burning.Ultimately assets will probably be up for bidding initially for a set period before issuance, and perhaps at certain intervals thereafter.Thus seems to be the best option if you ignore extra complexity.What only matters is whether a trade was agreed or not, and what the trade was.
So, the Bitcoin fee pays for the costs incurred by the Bitcoin network, and the XCP fee pays for the XCP.EDIT: This has been discussed since the beginning on the Counterparty forums, and there are many avenues for addressing it.
Decentralization would probably have substantially mitigated both of those problems.You MUST verify the integrity of this software before running it.Just be sure to pay the carbon taxes to offset your effect on the environment.How to buy bitcoins worldwide Buying Reddit Gold with bitcoin. I talk to a Bitcoin dominance maximalist.Having to pay fees to place an order, and wait 10 minutes for the order to confirm is clearly what I call a failed experiment.So the effective cost (not taking into account current market price which is even more exagerated) is.00013btc for creating an asset on dogeparty vs.0005btc on counterparty.
The side effect is it aligns the incentives so that adopters of Counterparty are rewarded as the platform gets used more.You also know that your data is still private, and you can access it.Counterparty builds directly on top of the Bitcoin network, and every Counterparty transaction is a Bitcoin transaction as well.So in practice I would consider XCP and CC roughly equivalent in this regard.Either there is a viable mechanism for tying the asset issuance fee to market prices and the price slides high enough that however many XCP are left is plenty, or no such mechanism exists and the price stays low.Well if you buy a pack of gum in a store, you probably trust the merchant.I helped run the Bitcoin Magazine website for 2 years, and we quite frequently had outages that we needed to have some techie attend to.
If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki.Counterparty Highlights Range of New Products, Addresses Bitcoin Spam Transaction.As of now, 10.35799117 BTC was spent out of 22.51357574. If you have ideas for the remaining BTC, see here for more info.Counterparty and the Asset Revolution. In fact I think we should put all the faith we have in Bitcoin in Counterparty for.You can also use Bitcoin Core as a very secure Bitcoin wallet.The problem is, while this is awesome for OTC trading, this cannot be extended into a complete decentralized exchange because orders are not enforceable, so you need a mechanism to filter out spam attacks.This protocol by itself may or may not have flaws, I just came up with it.
Counterparty Experiences Millionth Transaction – Bitcoin IsleThe issuer of asset X can recall your assets, which disappear from address A without you even signing anything.
Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.XCP, besides being poor design, was probably born as a vehicle to monetize Bitcoin 2.0.Pretty much all colored coins businesses, including one that I personally was presenting to VCs back in November before I moved away from the space, have as their primary revenue model taking transaction fees from every trade happening through their centralized (albeit trust-free) exchange.So, colored coins and side chains are two different things and ought not to be conflated.
On Thursday, the smart contract protocol Counterparty reached its millionth transaction.Some will argue that shares should be represented on Ethereum.
Send my thanks to whatever advanced civilization sent you down to Earth to help us mere mortals out.
Prism ExchangeIt is an obstacle, an eyesore on the protocol, a bad idea from the beginning.
The obvious flaw is 2 million and some coins that will literally run out if it gets too popular.
As mentioned above, I think that charging monopolistic fees is more harmful to users than the floating token approach.Bitcoin is a virtual monetary system which is a peer-to-peer currency with no central bank. Know more.Sounds like a speech Microsoft could have given in the eighties to prove that open source has no future.Counterparty has announced the Ethereum Virtual Machine port which will allow users to develop and deploy smart contracts on the Bitcoin blockchain.
How Popular is Counterparty? - Chris DeRose
Color-to-BTC can be made enforceable with high probability (ie. 100% - the probability you have of ) via ANYONECANPAY.So, SPV support works in some cases, but not nearly close enough to 100% of them for people to be able to rely on it.Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.Multi-chain architectures are really fun, would love to chat about that too.