- 14 March 2025 (15 messages)
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Good that he changed is attitude towards counterparty. -
Gm, does anyone have trouble with getting the dispenser list to work on Freewallet? What's the best tech to use for dispensers these days -
Freewallet has btc dispensers for example. I'll check out Horizon though thanks
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Yeah, I've successfully bought and sold from btc dispensers through Freewallet in the past (and XCP/PEPECASH on the rarepepewallet/rpw UI's)
- 17 March 2025 (41 messages)
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? So I see this chat and the official cp chat ? Which is it lol -
Perfect !! Noted and pinned !!
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Hey cp people !
I had an idea
Before btc skyrockets
To help drive people to the og btc nft rare pepe and xcp asset world
I minted a cool name and wanted to do a big collab of amazing artists ?!!
Any takers ? Not in to make money off anyone just help drive some adoption and get some info out -
Throwing this out there !
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What exactly is counterparty protocol? Is it just software that uses and interacts with Bitcoin? A sidechain? A completely separate chain? -
The Counterparty protocol is a platform built on top of the Bitcoin blockchain that enables the creation and trading of custom digital assets, tokens, and smart contracts. It extends Bitcoin’s functionality by embedding additional data into Bitcoin transactions, allowing users to issue their own assets (like tokens or collectibles), create decentralized applications, and execute peer-to-peer financial agreements without relying on a separate blockchain.
Counterparty uses Bitcoin’s security and infrastructure while adding features like user-defined tokens, decentralized exchanges, and smart contract capabilities. Its native token, XCP, was created in 2014 through a "proof-of-burn" process where users destroyed bitcoins to receive XCP, giving it a fixed supply. It’s often compared to Ethereum for its smart contract features, but it remains tightly integrated with Bitcoin. -
Is xcp basically to act as a currency to pay node operators to process/store counterparty data?
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What is the xcp for thenM
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Maybe I'm misunderstanding, so xcp isn't required to utilize the functionality of the protocol?
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Xcp is used to create assets -
Xcp is used to gas transactions
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So this is ultimately to protect bloat/spam for node operators
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Yes it's anti spam mechanism to limit mass asset creation
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You want to create an asset on btc blockchain you need to pay a fee to create the asset via xcp
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So xcp is always burned when used for asset creation or gas?
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You can create numerical assets for free but to create named assets on btc you need xcp
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Yes 2.6 mill xcp created by burning btc for proof of burn.
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No more emissions
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But yes burning for asset creation makes xcp deflaitionary
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Xcp is access to named assets stored in btc blockchain plus way more
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So there is a limit on some of the functionality of the protocol
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Eventually all the xcp will get used up
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The plan is to make a dynamic fee so as usage increases and coins become unavailable fees will change
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Xcp has eight decimal points just like BTC
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gm, where's the best place to create dispensers atm
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So there will be a "difficulty" adjust based on demand that will adjust the cost to making transactions to limit the burn rate of xcp
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Yes dev has a proposal for dynamic fees.
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So costs are fixed right now ? What's the fee structure?
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I’ve been burning 🔥 lol
Love issueing trying to catch important events
That will be cool to look at in -10-15-20 years haha -
Named asset equals .5 xcp
Subasset .25
Sweep address requires xcp -
The XCP disappears by its magic
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THE COUNT OF COUNTERPARTY IS THE MAGIC MAKER. THE COUNT OF COUNTERPARTY IS ONE OF THE MOST RARE OF ALL COUNTERFEIT SUPERFAKE FAKE RARE RARE PEPES. HE TRAVELS THROUGH THE MERKLETREE FORESTS LATE AT NIGHT USING XCP TOKENS TO COLLECT THE MOST RARE & FAKE FROG PEPES IN THE LAND. DO NOT ATTEMPT TO HODL COUNTOFXCP FOR TOO LONG. AS IT IS BEST USED TO OBTAIN MORE FAKE AND RARE PEPES. HP: 69 MAGIC:7 ATTACK: 🐸✍🏾ELE:🔥
- 18 March 2025 (4 messages)
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None -
LoL, what is it?
tokenscan.io/asset/COPPERGOLD -
There should be a physical NFT
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Thanks for correcting 🙂
- 19 March 2025 (33 messages)
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Jdogs bobdobbs only 5btc! Lol 😆
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Wtf -
Nobody's buying, but he wants to sell the supreme shit for only 5 BTC.
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I thought that ad was placed by pimpingkek a few years ago -
Lol I'm not admin anymore!?
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Petty shit, @teysol
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Sure like turning up the competition for no reason
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Too bad this coward is unwilling to have a conversation
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$0.50 Bitcoin fee to create assets right now, unreal -
Don’t see anything wrong with it
Why wouldn’t he advertise his stuff on his own site -
You should never have been Administration
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Users should be informed how unwilling he is to back his lip service
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Who's he? And main dev busy developing... he's the best thing to happen to xcp since he started this
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He's got 9 years of making up on dev to do
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@teysol any plans to bring back bet feature
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When cp meet up ?
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It's still enabled! People just don't use it. I frankly haven't looked into why. Would be curious to hear people's thoughts. There's actually an open issue to disable it in the protocol at some point in the future, but there's no particularly good justification for doing that either. -
I thought it was abandoned due to Legal issues... I used to make bets on sports games 8 years ago and loved that
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Back when counter wallet was flagship
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How does it work? I’ve never used it.
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Another seller getting burnt by a dispenser
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Fire sale. 🔥🔥 -
Could be intentional or Missed a zero.
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Not really a "Dispenser" fault
- 20 March 2025 (12 messages)
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Prediction markets (such as Polymarket) could be a huge use case:
https://vitalik.eth.limo/general/2024/11/09/infofinance.html -
"From prediction markets to info finance"
2024 Nov 09
"One of the Ethereum applications that has always excited me the most are prediction markets. I wrote about futarchy, a model of prediction-based governance conceived by Robin Hanson, in 2014. I was an active user and supporter of Augur back in 2015 (look, mommy, my name is in the Wikipedia article!). I earned $58,000 betting on the election in 2020. And this year, I have been a close supporter and follower of Polymarket.
To many people, prediction markets are about betting on elections, and betting on elections is gambling - nice if it helps people enjoy themselves, but fundamentally not more interesting than buying random coins on pump.fun. From this perspective, my interest in prediction markets may seem confusing. And so in this post I aim to explain what it is about the concept that excites me. In short, I believe that (i) prediction markets even as they exist today are a very useful tool for the world, but furthermore (ii) prediction markets are only one example of a much larger incredibly powerful category, with potential to create better implementations of social media, science, news, governance, and other fields. I shall label this category "info finance"." -
None -
S16 E14: Adam Krellenstein on Counterparty & Bitcoin TokensAdam Krellenstein is one of the founders of Counterparty – a protocol that launched on Bitcoin in January of 2014, with the purpose of making it easy to create tokens on the Bitcoin blockchain. Originally, Counterparty was meant to bring real world assets (stocks, commodities, company shares) to Bitcoin – but the most popular use case turned out to be art via Rare Pepes, Spells of Genesis, and Bitcoin Heads. In this episode, we talk about Counterparty's continued existence, its relevance in the era of Solana and Ethereum, and more! Also, expect an airdrop for DAVIDPEPEBTC: https://tokenscan.io/asset/DAVIDPEPEBTC
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Hey @teysol, when you spoke about CP adding inscription like image storage with CP
Will the asset and image be connected?
One of my issues with ordinals is there is no connection between the ordinal and inscription. It’s arbitrary as you know. -
With CP, the image link and asset description are directly connected.
With inscriptions, it’s an arbitrary decision to use x SAT order which means you can’t start at the inscription and work your way backwards to determine which sat owns X inscription - 21 March 2025 (11 messages)
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Yeah the most natural thing is just to put the whole image data in the description. That'll be straightforward.
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Numeric subasset is the art -
Joined. -
This 1,000% I’ve been saying this for a long time.
A problem getting the point across was that the Stamps ‘protocol’ conversations muddied the waters and non-tech people don’t understand the difference in a protocol and a collection. Stamps started as a collection and morphed into a sidechain of a sidechain. The later stamps stuff is/was great. Too bad that the clash of heads of recent times created division amongst devs and power users. If xcp, stamps, src-20 and btns were all rolled into one, we would have a killer protocol. Each has strong points to bring to the table. Stamps were not the first to encode data in description, just the first with traction and marketing. Jpj, Data & art on-chain and a few others were the pioneers. Most vitriol over stamps was that they used free numbered assets, instead of paid named assets. Complainers missed the point.
Encoding in P2SH is my preference for immutability, if that is a concern, even with the slight hit to cost. -
You prefer P2SH to Taproot because of the prunability of the latter?
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Absolutely
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Okay that's good to know.
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Thanks for your time and everything
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Joined. -
COUNTERPARTY & RARE PEPES: The Forgotten History of Bitcoin NFTs (with Dan Anderson)
In this episode of the Hell Money Podcast, we sit down with Dan Anderson (@droplister), a self-described "internet nobody" with deep roots in crypto-native culture. Dan shares his journey from the early days of Bitcoin, Counterparty, and Rare Pepes, and the history of NFT experiments on Bitcoin. We explore: - The origins of Counterparty and its impact on Bitcoin and crypto culture - The history of NFT and token experiments on Bitcoin - Ethereum's ICO and smart contracts on Bitcoin - Rare Pepe Science - Counterparty 2.0 Get bonus content by subscribing to @hellmoneypod on X: https://x.com/hellmoneypod/creator-subscriptions/subscribe Or support the podcast by sending a BTC donation: bc1qztncp7lmcxdgude4px2vzh72p2yu2aud0eyzys FOLLOW DAN ANDERSON: https://x.com/droplister 10% OFF INSCRIBING VEGAS: https://pretix.eu/inscribing/vegas/redeem?voucher=HELLMONEY 10% OFF BITCOIN VEGAS: https://tickets.b.tc/code/inscribing/event/bitcoin-2025 ORDINALS PROTOCOL SHIRT: https://shop.inscribing.com/products/ordinals-protocol-shirt FOLLOW HELL MONEY PODCAST: → HMP: https://x.com/hellmoneypod → Casey: https://x.com/rodarmor → Erin: https://x.com/realizingerin → Podcast Links: https://hell.money/ TIMESTAMPS: 0:00 Intro & Dan's early inscriptions 6:25 Dan's journey to Bitcoin (and why he never went full Ethereum) 12:58 Counterparty (XCP), Rare Pepes, and the emergence of crypto-native culture 16:25 Counterparty's fair launch via Bitcoin burn 20:00 Namecoin & Mastercoin launches, OP_RETURN 24:30 Stamps vs. Ordinal Inscriptions 27:30 Mastercoin, Tether, & Colored Coins 33:00 Ordinals as an improvement on colored coins 36:30 Counterparty founding & design 38:30 Ethereum's ICO and influence from Counterparty 41:00 Smart contracts on Bitcoin vs Ethereum 43:00 What do people want to do with Bitcoin and digital assets? 51:00 Tether, Omni, hard forks, & the risk of economic nodes controlling protocols 57:15 Early Counterparty token experiments 59:30 The success of Ordinals 1:02:00 The value of simplicity in development 1:03:00 Spells of Genesis, Rare Pepe origins 1:05:00 Rare Pepe Scientists, certifications for rare vs. fake pepes 1:08:50 "NFT" was a term invented by lawyers 1:11:00 Pepe as a symbol for the collective unconscious 1:13:00 Migration from Counterparty to Ethereum, the success of NFTs 1:18:00 The timing of Ordinals' success 1:23:40 The future of Counterparty & Counterparty 2.0 1:32:00 Community-driven curation in meme culture 1:35:10 Bitcoin Uncensored foreshadowing the breakup of Hell Money Podcast 1:39:00 Casey's egregious digital footprint 1:40:00 The Dan Files & closing remarks
- 22 March 2025 (19 messages)
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I thought ordinals and inscriptions were two separate things.
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The ordinal is what represents ownership of the inscription but they are completely detached from one another IMO
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Some XCP stats in dispensers
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I think you can inscribe something on a ordinal sat like a "rare" sat for example but making inscriptions doesn't require using the ordinal serial number system the way I understand it.
I'm just starting to learn about it though so I have zero experience actually doing the stuff. -
You’re not inscribing anything on Sats as Sats are just an abstraction. The art data gets encoded into the witness data and through social consensus we all agree that a particular UTXO represents ownership of the inscribed art. -
What site is this
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Something I’ve been working on, coming soon
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XCP for the Win, without a doubt. Takeover Time
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Did they find the person ?! And settle it ?!
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Exciting!!!
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Wen!!!
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I hadn't seen a complaint..they accepted their mistake or it was an intentional decision- not sure the story behind it
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Hmm crazy or they paid less because of some deal ?!
I’ve done that before otc stuff -
Anyone want a bad burger day? OTC
https://tokenscan.io/asset/BADBURGERDAY
HMU - 23 March 2025 (21 messages)
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Maybe tomorow
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They set the price so how can they complain?
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Joined. -
It's a bit sad to see the price going down endlessly.
Perhaps, if people no longer want their XCP, we should set up some kind of donation box where people can just dump them and artists can pick them up to experiment with.
Is it possible to set up a dispenser (faucet?) address where people can donate the XCP they no longer need, and anyone who wants 1 or 2 XCP to play with can get a dispense of just 1 per day so that no one comes in and just grabs them all? -
I hope that the devs/maintainers can also appreciate that in a market where it is only possible to place standing orders to sell XCP (either dispensers or atomic swaps), we have a sell only order book and that will inevitably exert downward pressure on the price of XCP, which then leads people to wonder if the project is some sort of danger.
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OT:
From Gmoney:
JUST IN: 🇺🇸 US Government lifts Tornado Cash sanctions and ban.
GAME ON
======
Seems like great speculation to buy some TORN. Anyone know where to buy it without getting raped by the bid/ask spread? -
It's pretty much the same in most financial markets.
If a buyer sees only sellers, he is likely to hold back on buying until the sell orders thin out and there is a balance between buyers and sellers.
If you go to look at buying a house in a particular neighborhood, and you see a large number of sell offers but no news of anyone try to buy, would you consider buying at that moment, or waiting until the buy/sell pressure evens out?
The current "sell only" trading environment for XCP does not instill confidence in buyers/holders. -
People put up buy orders through their brokers
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Bidding War Strategies For Homebuyers And Sellers | Bankrate
Bidding wars aren't as common anymore as the housing market slows down, but they can still happen. Here's how to win.
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Double edged because you need sellers to get the ball rolling with lots of buyers the price will go up but not until mega whales have spread supply around a bit. More holders will bring the price up I 🤔
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Fun game
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The same way all roads lead back to btc, when those roads start converging, that's when the OG protocol really takes flight.
When the real estate market takes a turn for the worst, I'd imagine the real estate giants turning to bitcoin, and its OG protocol -
Market cap says under 20m, but the reality is, the amt of btc burned (its value) is part of the marketcap unaccounted for at first glance
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lmao since bitcoin is virtual, it relies even more on its real world grounding. it's just trying to sweep that under the rug. -
I think you have it backwards
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Or maybe this is a moment of duality, which is inherent
- 24 March 2025 (24 messages)
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anyone thinking about making a "Counterscriptions" Inscription protocol?
On chain files as counterparty assets, with inscription numbers? -
Sounds like stampscriptions. It’s all a larp anyway -
LOL wut?
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whats larping what?
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Bitcoinstamps are CounterParty's onchain collection
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I thought Bitcoin stamps moved away from counterparty? or am I mistaken
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Those are src20s specifically
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The art and recursive applications are still done utilizing CounterParty
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hmm, i think there could still be a counterparty based inscription protocol that uses witness data like ordinals does
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You can literally do that right now using ORD: protocol.
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with counterparty assets?
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The art is stored in the witness but counterparty tokens reference that Art
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if done with ordinals, wouldn't that create 2 assets?
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J Loone Brickens 🧱 (@wasthatawolf) on X
GM! All image referencing methods now supported on Rare Pepe Wallet! Includes EasyAsset, Freeport/Imgur, ORD, IPFS, json and image links!
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Yeah there’s the sat on ordinals and the token on CP. you could burn the sat tho
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hmm thats a manual step
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Wrong tweet, I meant this one: https://x.com/wasthatawolf/status/1623167779330265089?s=46&t=h1IrRMWKX4jvwsMxM_AqDQJ Loone Brickens 🧱 (@wasthatawolf) on X
Data stored on bitcoin can be leveraged by ALL bitcoin NFTs including Counterparty. To attach your ordinal inscription to your Counterparty asset, head over to https://t.co/nMVZZ3cOCx and update your asset description. https://t.co/ErTcJCfbAX
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I guess you have to ask yourself: who will this appeal to? Why wouldn’t they just use Ordinals?
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Counterparty assets have some neat features
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For sure. Which is why we built Stamps on it
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For sure
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Isn’t that basically what Adam mentioned above, putting the image data in the description using segwit discount?
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Too battle tested to lose at this stage in the game :)
- 25 March 2025 (8 messages)
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How are imagines stored with counterparty? Is it a hash of the image or something?
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CounterParty has a few methods of asset creations. There is pointing to a link, or technique such as Bitcoinstamps where we break up data and broadcast it in utxos
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None -
None -
I won't be there, but I hope some Counterparty people represent
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I think there is a TEST party but Sean removed me from the group because of his feelings or something. I'm also going to have a frog party meetup one night - 26 March 2025 (21 messages)
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Where will the location be at? I would love to pull up in my frogbus. -
Frog bus? 👀
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Is there any disadvantage with using a bc1 address with CP?
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Something like that hehe.
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Pull up in the driveway in a frogbus to a frog party.
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Sounds very pepe to me. Aye
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Pic of frogbus
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Actually i would like to show it in person.. pull up and wow everybody.
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You really got a frog bus or not?
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I smell fed....
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I would have showed you but then, if you see it in public you would already know that’s the prime minister’s frogbus. Plus, everything is FAKE out here.
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Not technically -
The prime minister has a frog bus?
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- 27 March 2025 (15 messages)
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Always
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Explain your story (bitboy's story?) before asking other people for their opinion or for help.
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I call BS
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Why are you taking it personal? You want to know if the prime minister really has a FrogBus? Lol
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You can de cypher it actually. But first you need to figure out what country, what prime minister, is he green or white? Does he like frogs or toads.
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Nope I don't have to do anything 😁
I just think it sounds like a BS story -
😂
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🏁 Press Release: Introducing SlowFastFun — A Racing Game Built on Bitcoin
[b]SlowFastFun[/b] is the first on-chain racing game built on [b]Bitcoin[/b] and [b]Counterparty[/b]. [b]Mint, burn, and race[/b] for prizes — or hold your collectibles and play the long game.
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XCPISDIBESSS
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- 28 March 2025 (12 messages)
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Amazing stuff.
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Does having the rarest or most minted race card necessarily mean you'll win the race?
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Does this help?
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No, each dispenser is its own race.
The lower the supply, the lower number of possible race participants (competition). -
For instance, this race has 21 max racers, and these prizes are live on the DEX now for a RACETEN token.
The RACETEN token becomes available on the DEX for the Mint token after the mint sells out and the block delay completes. -
The race would never start if it doesn’t sell out.
I will come up with a solution, likely a dividend in XCP returned to buyers I’m thinking. -
yep there's the "soft cap" feature. there are some barebones docs here: https://docs.counterparty.io/docs/advanced/specifications/fairminter/Fair Minting | Counterparty
Fair Minting is a process whereby users are able to “mint” tokens in a decentralized manner. One user initiates a minter (either with or without a “premint”), and others are able to trigger it to mint tokens for themselves. Fair Minting was likely inspired by the original Counterparty Proof-of-Burn mechanism, by which users sent BTC to an unspendable address and XCP tokens were generated for them.
- 31 March 2025 (6 messages)
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where can we trade xcp? -
Would appreciate a PEPECASH one as well
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Joined.
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