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MemberActivity: 62Merit: 10 Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread June 22, 2014, 08:11:54 PM #8346 We wanted to let our users know that our hosting company is experiencing some issues, thus our website is currently unavailable.



We will allow them to sort things out for a few hours and after that we will run our own tests to make sure our system is healthy.



This process will take several hours to complete and therefore we will not broadcast results for several hours.



Our information is backed up so there is no need to be concerned about open bets you have made. All broadcasts will take place as soon as we will be back online.



We can be contacted through bitcointalk.



Thank you for your patience.

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MemberActivity: 62Merit: 10 Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread June 23, 2014, 10:09:58 AM #8348 Quote from: xbet.io on June 22, 2014, 08:11:54 PM We wanted to let our users know that our hosting company is experiencing some issues, thus our website is currently unavailable.



We will allow them to sort things out for a few hours and after that we will run our own tests to make sure our system is healthy.



This process will take several hours to complete and therefore we will not broadcast results for several hours.



Our information is backed up so there is no need to be concerned about open bets you have made. All broadcasts will take place as soon as we will be back online.



We can be contacted through bitcointalk.



Thank you for your patience.



We have completed our testing.



Website is back online.



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LegendaryActivity: 1022Merit: 1000 Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread June 23, 2014, 01:19:38 PM #8352 What will happen if someone puts up an illegal asset? Has anybody raised that question yet?



Lets say somone anonymous creates an asset that infringes on some companies copyrights, called "Facebook" or "Nintendo" for example?

Or if I create an asset that makes money with illegal activities like DDOS blackmail or sale of drugs. Would a SilkRoad-asset be allowed to exist and is there any way to remove it? What is the official policy of the devs if they have regarding those cases?

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Full MemberActivity: 180Merit: 100 Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread June 23, 2014, 01:50:14 PM #8353 Questions about the escrow:



If I understand correctly, all actions in counterparty send some dust amounts of BTC and embeds some metadata. Since OP-return only allows 40 bytes, and this is not enough, the escrow function is used as well. One of the addresses is my own and the other is non-existing address. The non-existing address contains some metadata. (1) Did I get this right?



I find on blockchain.info that 0.1086 mBTC are locked on each escrow. (2) Is there any way to release these?

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Counterparty Chief Scientist and Co-Founder







Sr. MemberActivity: 476Merit: 250Counterparty Chief Scientist and Co-Founder Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread June 23, 2014, 01:51:05 PM #8354 Quote from: Spekulatius on June 23, 2014, 01:19:38 PM What will happen if someone puts up an illegal asset? Has anybody raised that question yet?



Lets say somone anonymous creates an asset that infringes on some companies copyrights, called "Facebook" or "Nintendo" for example?

Or if I create an asset that makes money with illegal activities like DDOS blackmail or sale of drugs. Would a SilkRoad-asset be allowed to exist and is there any way to remove it? What is the official policy of the devs if they have regarding those cases?



Counterparty is an open platform, like Bitcoin itself, and no one (not even a dev) is capable of removing or renaming other users' assets Counterparty is an open platform, like Bitcoin itself, and no one (not even a dev) is capable of removing or renaming other users' assets

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Hero MemberActivity: 728Merit: 504 Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread June 23, 2014, 09:02:16 PM #8357





Before we even get to slick videos, The 1st post on the thread also needs a total revamp . XCP is highly confusing for the newbie and spoon feeding is required for elementary things.



The 1st post on thread and homepage on website should have EASY TO UNDERSTAND paragraphs on each below:



1) What is counterparty ? [ in tech and easy speak]



2) Why should I be interested in counterparty ? [with real and potential simple examples]



3) How do I buy XCP ? [ past[proof of burn,etc] & present way ]



4) How do I store XCP ? [ simple explanations of the 3 wallet types and again why one may need the entire bitcoin blockchain & qt ]



5) A quick outline of future plans for Counterparty including other ALT blockchain links, etc, etc







The above is a basic start that would have maybe 50-75% of the people hanging around to maybe even try to understand the more complex issues like asset creation, etc















Quote from: deliciousowl on June 23, 2014, 11:57:04 AM Quote from: hughjays77 on June 23, 2014, 10:45:59 AM please explain to me how I can store my XCp on my computer. I cannot find a wallet for my windows 7 computer.



I am totally confused. Is their actually a functioning wallet I can use to store XCP ?

Is XCP related to bitcoin ?



XCP is the internal Counterparty currency and technically "a part of Bitcoin" and can be stored on normal Bitcoin addresses.



Maybe this can help:

There is also a web wallet:



You can send XCP to any Bitcoin address and redeem them later, as long as you have the private key.

XCP is the internal Counterparty currency and technically "a part of Bitcoin" and can be stored on normal Bitcoin addresses.Maybe this can help: https://www.counterparty.co/get-started/ There is also a web wallet: http://counterwallet.co You can send XCP to any Bitcoin address and redeem them later, as long as you have the private key. Thank you. The site helped a bit as well as the first & last 20pages of the thread. I think the whole concept is brilliant yet after 40pages + extra reading I still dont feel I have a handle on what exactly Counterparty is and its potential. I can see 90% of people that end up here would never hang around. Its all very very confusing even to people with some technical ability. So you have some level of my ability.. my first computer was a TRS-80, I can do some basic C+ programming and I can compile in Linux. 90% of ALT coin users are windows based non technical users. I am surprised if even 10% of people that initially visit would hang around.Before we even get to slick videos, https://www.counterparty.co/get-started/ needs a total revamp for newbies.. XCP is highly confusing for the newbie and spoon feeding is required for elementary things.1) What is counterparty ? [ in tech and easy speak]2) Why should I be interested in counterparty ? [with real and potentialexamples]3) How do I buy XCP ? [ past[proof of burn,etc] & present way ]4) How do I store XCP ? [ simple explanations of the 3 wallet types and again why one may need the entire bitcoin blockchain & qt ]5) A quick outline of future plans for Counterparty including other ALT blockchain links, etc, etc

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Hero MemberActivity: 647Merit: 500Counterpartying Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread June 23, 2014, 10:34:38 PM

Last edit: June 23, 2014, 11:34:06 PM by Matt Y #8358 I agree for the most part with the above post. Here is a contribution to new text should it be changed.



(For the "description" part of the OP)



For people who are dissatisfied with centralized financial solutions and institutions, Counterparty is a peer-to-peer financial market which provides a medium for secure transactions that do not require a trusted third party. Unlike Wall Street, we have assembled a free to use software platform that allows everyone access to financial instruments that were previously cost prohibitive or not available. http://donatexcp.com/

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Hero MemberActivity: 728Merit: 504 Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread June 24, 2014, 12:30:36 AM #8359



I like your write up. This would be part 1 of my suggestion. I would add a few examples. Perhaps an example of a bet, a contract and a loan between friends/family



Quote from: Matt Y on June 23, 2014, 10:34:38 PM I agree for the most part with the above post. Here is a contribution to new text should it be changed.



(For the "description" part of the OP)



For people who are dissatisfied with centralized financial solutions and institutions, Counterparty is a peer-to-peer financial market which provides a medium for secure transactions that do not require a trusted third party. Unlike Wall Street, we have assembled a free to use software platform that allows everyone access to financial instruments that were previously cost prohibitive or not available.



eg. A







eg. B







eg. C





Thanks Matt,I like your write up. This would be part 1 of my suggestion. I would add a few examples. Perhaps an example of a bet, a contract and a loan between friends/family