- 01 September 2018 (55 messages)
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Foldingcoin Public Meeting will start in half an hour - please watch it here: https://www.youtube.com/watch?v=-Ci3SeJlSVMFoldingCoin Public Meeting September 2018
Come join the FoldingCoin and Curecoin communities to discuss the recent news and updates relating to the project. The Meeting Recap Notes can be found at th...
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Mafia Wars
The 3rd MAFIACASH Distribution has been completed! https://t.co/9M4OPqJRHO Check out the Mafia Wars game at https://t.co/avriFAKxRj to start earning MAFIACASH today! #MafiaWars #MafiaCash #Bitcoin #BTC #Counterparty #XCP #BlockchainGaming
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Hey can someone explain why it cost 750 FLDC to withdraw fldc from polo? I understand that counterparty transactions need to pay a btc fee but if fees are this high then how will it be feasible to transact or trade with counterparty assets?
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That's about a $2.25 fee to withdraw from the exchange. You can trade rare pepes for about $.04 right now. Neither seem unreasonable.
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I suggest you ask Polo support if you do not think their fees are reasonable. Also other exchanges charge similar fees for withdrawing other counterparty assets. Please note that you could post a sell order on openbazaar now at zero fee, pay nothing for the trade and nothing for withdrawal (other than the regular TX fees for any token movements you make).
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Keep in mind that centralized exchanges will charge fees that are high enough to cover themselves in case of sudden price fluctuations, and as a convenience to users, they don't force you to actually deposit btc to pay the fee for sending the TX, but let you pay in whatever token you want to withdraw. They need to then sell those tokens for BTC to cover the miner fees which also may end up losing them some money when the exchange rates change abruptly.
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Ok thanks. Yes I’ve asked polo - no response.
I think it’s not reasonable as percentage of value moved. It’s more the issue counterparty assets will face if the asset value is priced significantly lower than btc. Is there a solution for this going forward? -
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It's pretty expensive to withdraw PEPECASH and XCP from TUX, so I do it as seldom as possible.
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Ah ok cool
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The fee however is an issue since it’s independent of the tokens moved for the reason stated above
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That implies that even if a dex is used the btcp fee could end up being a large portion of the tokens moved
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How does that work? Doesn’t the network have to pay btc to miners?
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Right but is that feasible? Imagine trading counterparty assets on a liquid dex. Let’s say the assets represent gold or another asset. Can one wait to trade if prices are fluid?
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The prices are set in stone for the duration the orders up, so as long as your order matches.
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I guess if it isn’t a liquid market sure
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But liquidity is what one wants to create
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There must be a way to lock in prices and trade but settlement to occur when fees are low
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I suggest you have a look at rarepepewallet.com and see how easy it can be to make trades of Rare Pepes on the DEX with a user friendly UI.
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Ok I’ll check it out
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If you're filling an order settlement is then and there, you judge yourself the fees.
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Why can’t one trade rate Pepe’s with btc?
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Is it possible but not done or not possible
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Are you guys using tokenmarkets for FLDC in some capacity?
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actually we are implementing a way to distribute tokens to users that allows the users to pay in the token being withdrawn for the miners fees, and withdraw when they want rather than waiting for monthly distributions. this was all discussed at todays meeting which you can watch here https://foldingcoin.net/index.php/news/335-news-public-meeting-september-2018News - Public meeting september 2018
FoldingCoin is a rewards program that distributes reward tokens (similar to a retail store point program) to participants of the global Folding@home network.
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FoldingCoin Public Meeting September 2018
Come join the FoldingCoin and Curecoin communities to discuss the recent news and updates relating to the project. The Meeting Recap Notes can be found at th...
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Very interesting, tokenmarkets looked intriguing and I certainly like the sound of those changes. You've been doing solid work in the background for some time, and all for a good cause to boot. Gonna give it a watch through in a minute.
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as in, when you want to distribute a token to many users, there are now problems with blockchain saturation on ethereum (similar to what we had a year ago on bitcoin) and distributions get stuck, you have to send with exaggerated fees and TXs get dropped completely at times. Ethereum fees need to be paid for gas no matter what ERC20 token you are distributing. With this new method we are about to implement, we can now allow the users to withdraw themselves when they have accumulated enough coins to make it worthwhile, and pay the fee in foldingcoin rather than BTC. This also ends the problem of people all turning around and immediately dumping their coins on exchanges right after the monthly distribution, hurting the price
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Last I checked ETH they were trying (and struggling) to cleanly implement a 'pay in any token'
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Even aside from anything more than a cursory technical understanding of that development (yet) the convenience/slipstreaming of that from and end user experience POV sounds awesome.
That's the kind if innovation that needs to be communicated to those devs &, architects building up token ecosystems. Hope it gets a thorough mentiom in the upcoming newsletter -
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Nope I don't believe they have. +1 to counterparty and +1 to you guys. 👍😌
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I do hope this innovation gets condensed down into A) Eli5 version for users (who'll notice regardless) and for developers. Or in general gets broadcast. Definitely warrants more than a casual mention
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The parties just need to hear about it that's all, the interested will follow. Discoverability hasn't traditionally been crazy high (need dat PR campaign $$s) but it's not gone unnoticed. I'm confident it'll all pile up gradually . Keep up the good work 👍😀
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I shall keep an eye out.
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Here is the new dedicated website https://mergedfolding.net/ Of course, we are going to contact the reps of the projects that have previously expressed interest in our merged folding platform shortly with more details. If anyone who has not previously contacted us is interested, you can send us email to rross@foldingcoin.net
- 02 September 2018 (7 messages)
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Looking good. I've forwarded to someone that might well be interested in that new 'pay in what's being withdrawn' aspect especially.
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We are announcing our first cause, brought to us by community member M.G. Report, to get XCP listed on a new exchange! Check it: https://bitcorn.org/causes/5
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New CIP proposal: https://counterpartytalk.org/t/cip-proposal-18-configuration-flag-to-remove-api-query-limit-defaults/5017CIP Proposal 18 - Configuration flag to remove API query limit defaults
This is the discussion thread for the proposed CIP 18 to remove API query limits by configuration flags. Link to the CIP: https://github.com/CounterpartyXCP/cips/blob/cip18/cip-0018.md Please, discuss.
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please weigh in
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changes to the master codebase should all be done in cips, even more if it modifies API behaviour
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after all, it's a Counterparty Improvement Proposal
- 03 September 2018 (7 messages)
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Why?
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"A Standards Track CIP describes any change that affects most or all Counterparty implementations, such as a change to the network protocol, a change in block or transaction validity rules, or any change or addition that affects the interoperability of applications using Counterparty."
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emphasis on "... that affects the interoperability of applications using Counterparty "
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cips/cip-0001.md at master · CounterpartyXCP/cips
Counterparty Improvement Proposals. Contribute to CounterpartyXCP/cips development by creating an account on GitHub.
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it does... there's no way in the api to know if you've reached end of the dataset or if your data got limited
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i.e. currently, if you receive 1000 results on a get_* call, you can't know if you got limited or reached end of data
- 04 September 2018 (1 messages)
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Maybe the team could contact Gate exchange. Since BIter which is the previous name of Gate exchange had xcp before changing the name. And it says no charge for listing
- 05 September 2018 (16 messages)
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I'd been in close touch with the founder previously, he was amenable to counterparty and supported what it was doing but the technicalities of running on the nonstandard varations XCP requires were not ideal. An upcoming update to support 0.16 would be v helpful to them.
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In other news there's this exchange that's added XCP trading
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Hello everyone! XCP is now traded on Coinsoda Exchange with 0% trading fees, forever. Coinsoda is a brand new exchange and we have recently launched our fully functional beta exchange with over 30+ pre-listed currencies. XCP has been listed upon review & we would like to welcome the community for trading! Enjoy.
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I would not endorse the above thus far and encourage due diligence- not sending any large balance etc; as this is a brand new exchange with slim to no feedback so far. Just sharing that post for visibility
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Do you also trade xcp tokens ?
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I’ve seen cam soda ads, they seem legit.
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I trade tokens on the dex, for centralized exchanges I'm primarily concerned with with additional liquidity sources and outlets being made available for new users to be able to discover, acquire XCP and ultimately interact with the ecosystem. An ecosystem that's broader that the market has given it credit. Many would love to play with blockchain collectibles as just one example but have never even heard of counterparty, and possibly won't for some time. For some a listing on an exchange (again many users do not visit some of the historical US exchanges any longer) may be their first discovery of counterparty and an introduction to explore further.
If XCP was available on one less exchange, or zero exchanges discoverability too would be close to zero for new users. Sourcing XCP to be able to create assets or develop would become problematic. For this reason I think increasing existing visibility within the constraints we can collectively should be a small, but larger part of the focus of the community right now. -
I just made an account on coinsoda to check out what coins are listed. Looks like so far only XCP is listed as far as counterparty tokens go. There is a page on their website to request coin listings, so should be pretty easy for projects that run on XCP to ask to get listed, such as Pepecash, Foldingcoin, Bitcrystals etc
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It's nice to see the addition there, jurys out on their platform for now. I'm in the progress of testing it out with a small amount. They've said API feeds are underway in the next day or two.
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yes I can see they still could make a lot of improvements, however many counterparty based projects have had troubles to get their token listed on any exchange, and Age of Rust even is in the process of leaving counterparty altogether for that reason now. In order to be on coinmarketcap, you need to be listed on an exchange they support, otherwise you got basically no visibility. I am happy to see a new exchange venture into the counterparty space and hope others are too.
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I will be contributing a bit, talk to me privately
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a bit busy atm
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Thanks 👍 & No worries. Will ping you in a bit then.
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Mafia Wars
Announcing a monthly design contest with prizes for the top 3 card designs totaling over 50,000+ MAFIACASH, a 75% card stats boost, and being a featured card! Learn more at https://t.co/25gvxiO8Tz #MafiaWars #Bitcoin #Counterparty #XCP #RarePepe #Artists #BlockchainGaming
- 10 September 2018 (21 messages)
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Counterparty
@brucefenton https://t.co/GSD6tHWnLR
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Waiting 2 minutes at two Am and being impatient
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High standards
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Is it a counterparty project?
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What's 50,000 MafiaCash worth these days anyway is it gonna be on TUX?
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Oh great so my XCP rustbits will soon be worthless 🙈
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becoming Eth token right?
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what was rustbits again?
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Shitcoin
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😂
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it’s a video game
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Age of Rust
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Link
Age of Rust is a blockchain, dark sci-fi action adventure game set in the vast expanse of the universe.
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wow a new sticker pack imagine that. a good one too
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fake rare sticker kit ;)
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quick, airdrop a new token, add a new dex and let's MONETIZE It BABY!
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Would anyone like to donate their Rustbits to someone who wouldn't mind having some? If so I would like to offer my Rustbits Collection Services. In return I can serve up plenty of praise for your altruistic donation.
- 11 September 2018 (21 messages)
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Guys rustbits will be exchanged for their new token on ethereum whenever they switch over and then you can sell them on some eth exchange that will probably list it if you want to get rid of the rustbits. The game itself does look it has potential though them switching to eth is a disappointment at least the tokens are not completely worthless imho
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Ascendency - Age of Chains Card 015 available now and limited to 1000 cards.
https://medium.com/@ageofchains/ascendency-age-of-chains-card-015-52ad66c845ec
https://tokenmarkets.com/item/ascendency-age-of-chains-card-015
The sale is organized in tiers as follows:
200 cards for 0,0018 BTC or 3 XCP each.
200 cards for 0,0037 BTC or 6 XCP each.
100 cards for 0,009 BTC or 14 XCP each.Ascendency — Age of Chains Card 015The center of power within the Andromeda Galaxy is the planet Sarda within the Aereus solar system. It is the home planet of an ancient…
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100% It has massive potential. While it is a tough move for Counterparty believers Rustbits will remain an in game currency and also paired ETH for other uses. Or so I understand. As for the DEX I've placed a 1XCP order for BTC I saw yesterday so I could get some Rustbits and the BTC/XCP still has not gone through.
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Thank you @droplister that makes sense
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But I was trying to trade BTC for XCP same thing I suppose
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Solid info. Will remember in the future. So as long as it is a Counterparty coin (token) it will act atomic if there are standing orders?
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My name is Lisa Renee and I am the Admin for the worlds largest online Cryptocurrency Community with a network of 450,000 crypto enthusiasts. Ive taken a look at your project and would like to increase awareness and the user base of Counterparty on our platform. Let me know if you are interested and I can send you our partnership info.
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Hey guys someone actually thinks counterparty is good enough to merit DM spamming its group admins about paid promotions - we're gonna make it after all boyz and gurlz! 🤦♂️💹 If this is legit offer should we pursue?
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wassup Dan! 🐸
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somebody's buying? seems pointless.
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XCP is dirt cheap on bittrex, just dipped below 60k satoshis
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Someone just bought 447 XCP @ 55k Satoshis each
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A SOLID BID
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I certainly think so.
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Market orders are available at 59k Satoshis
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I just calculated my average BTC/XCP price since last December. Shouldn't have done that
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Gotta buy more and lower that average
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CIP Proposal 18 - Configuration flag to remove API query limit defaults
This is the discussion thread for the proposed CIP 18 to remove API query limits by configuration flags. Link to the CIP: https://github.com/CounterpartyXCP/cips/blob/cip18/cip-0018.md Please, discuss.
- 12 September 2018 (10 messages)
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Awesome
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DEx for the win
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i really want the FU asset
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When LL???
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definitely need some SW and enter into 2017
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I haven’t heard about Vertex. Why this project is useful?
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Just charge more xcp to register premium asset names.
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I agree. I see increasing concern about the rampant oversaturation of ETH tokens (1000+ created in the last years- many dubious cash grabs) scaling issues there, smart contract hacks -- coupled with BTC's increasing dominance recently (30% rise in 4 months and a 1 year ATH) Plus increased XCP exposure probable in the coming months.
all the while XCP which launched before ethereum and arguably had a huge hand in kickstarting this 'blockchain 2.0 movement' has just been chugging along in the background.. currently enjoying a smaller mkt cap than the BTC burnt to bring it into existence!! it just seems the potential here is so great if a group of people collectively can work together on bringing it back to relevance and showcasing its utility, the benefits it affords. - 13 September 2018 (8 messages)
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Eterbase.com Listing
Representatives from Eterbase.com recently reached out via email and indicated that they had an interest in Counterparty and would like for me to submit Counterparty for inclusion in their upcoming digital asset exchange. After filling out the project application and having a brief phone conversation, it seems they are interested in supporting Counterparty and could offer BTC / ETH / EUR and possibly USD markets for Counterparty. They are requesting a listing fee of $10,000 to cover their devel...
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Interesting, I see they're a new entrant. Incorporated in a favorable jurisdiction and aiming for fiat integration (IBAN/euro). Could possibly become a big player.
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Yeah, they laid out some of their plans and they definitely sound like they are going the 100% legal route.
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They actually listed 2 options for getting CP listed... 1.) a token swap XCP for XBASE (100-200 ETH worth requested).... or 2.) a listing fee of $10,000 (they asked for ETH, but I got USD amount value)
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Personally I am against paying for a listing on any exchange.... but, others in the community feel differently... so worth mentioning in case anyone like MG or the Bitcorn foundation wanted to get behind it.
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Nice work
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Yes... I snagged it... mainly just to hold it for the XBASE guys if they want it... no plans to use it.
- 14 September 2018 (6 messages)
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lol
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from yesterday,
that looks like a 1000% natural conversation. not scripted
all three accounts went offline within a two-minute window.
"public sale starts in 16 hours"
offtopic vaporware talk can GTFO.
no real redemption explanation needed.
simple ban and delete is good, imho -
banned
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Thank you.
- 15 September 2018 (14 messages)
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Also September newsletter in case any did not notice it https://counterparty.io/news/counterparty-newsletter-09-05-2018/September Newsletter | Counterparty
It's been a progressive month as CIP development continues with help from developers in the Counterparty community. Alongside some other interesting updates from projects in the community, check out this month's update below!
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CIP19 - Upgrade to Bitcoin 0.16.2 and Indexd
Proposal to update counterparty to latest Bitcoin version + usage of addrindex. As usual, feel free to discuss.
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+1 Fully support this CIP.
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Offtopic question.. but aside from ideological oppositions: Would it be technically feasible to to implement some kind of inflation (supply increase) into the counterparty protocol, ostensibly for the purpose for funding development? Assuming for example: A) either all future 'mined' XCP would flow into a ringfenced account and be disbursed either directly to a 'development foundation' or B) backers would donate BTC, ETH in exchange for developXCP token or similar that is proportionally awarded XCP by the protocol at a later date
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could be possible.... it is also possible to create another avenues of income tho
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Hmm. I was just wondering because it seems the altruistic donation based model has certain shortcomings and counterParty is one of the few totally deflationary projects, I feel a small, transparent, inflation that tapers down would long-run be a net win for all.
Major cryptocurrency supply inflation: Bitcoin: 3.8% XRP: 2.5% Bitcoin cash: 3.7% Monero: 6.3% Dash: 6.3% Zcash: 56%
What are the other plausible avenues you could think of that would further incentivize continuing developmemt contributions from yourself/other devs into the future? -
i think one idea could be JP Janssen's lottery, where say, 10% of the proceeds go to bounty address
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Interesting idea. The lottery like systems on eth certainly get a lot of inflow.
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Do i have to pay taxes on rare pepe, xcp, tokens, or crypto?
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- 16 September 2018 (1 messages)
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Response to Raven
What’s sad about Ethereum is they took a cryptocurrency culture of hacking and innovation and discovery, stripped away actual useful coding and innovation, kept the buzzwords, and focused entirely on…
- 17 September 2018 (14 messages)
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excellent tutorial for anyone wanting to get started with Counterparty https://medium.com/@droplister/counterparty-dex-tutorial-b38dcab102e5Counterparty DEX Tutorial
Learn how to trade using Counterparty technology.
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You can create a new 'altcoin' on the dex and trade it, yeah
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Unless you mean can you import litecoin, dash, dentacoin or whatnot and trade on the dex, nope. That's cross chain atomic swaps chain and nobodys cohesively solved that yet
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just like eth cannot trade btc or xcp counterparty cannot trade eth or eth tokens.
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The link above covers it well I think from the point of view of someone who wants to trade on the dex. Just use mainnet instead of testnet. If you want to issue your own asset, instead of buying or selling existing pairs simply log on to counterparty and issue your own. For 0.5 XCP ($2.00) it will be stored permanently on the blockchain, protected by the same securiyy as the bitcoin blockchain.
In theory you can trade tokeens redeemable for eth or anything else. But then users have to trust you will back them..which is a non starter. XCP-XCP tokens (or even XCP-BTC) does not have the same problems, they can be exchanged trustlessly with no counterparty risk -
If you want to create a "dex" i might have the product just for you
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Sure
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Pm me
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John Mcafee: Decentralized Exchanges Will Trigger ‘Largest Economic Boom in History’
https://bitcoinist.com/john-mcafee-predicts-that-advent-of-decentralized-exchanges-will-trigger-the-largest-economic-expansion-in-history/John Mcafee: Decentralized Exchanges Will Trigger ‘Largest Economic Boom in History’John McAfee, developer of the first antivirus software, is a cryptocurrency advocate. McAfee predicts that centralized exchanges will cease
- 18 September 2018 (2 messages)
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https://counterpartytalk.org/t/cip-draft-instant-lottery/3020 Reading through this thread in more depth now, I this is a fascinating proposal I hadn't looked at as that closely until now, especially with @chiguireitor 's idea about how such a system could simultaneously allocate some percentage of rewards to a development bounty pool. Thoughts?CIP Draft - Instant Lottery
Before I submit the CIP I would like to hear your thoughts Updated 6/1/2017 Abstract Always have an active bet that users can play against and with settlement every few hours. This is achieved by adding an automated contract addresses… Automated oracle feed that broadcasts a random value based on the blockhash Automated bets placed on “the house” side with a slight edge Motivation Stimulate usage of the Counterparty betting system. Lotteries will always be available and not require an...
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would love to see some powh.trade like project running on Counterparty 😊
- 19 September 2018 (49 messages)
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completely possible with a CPVM :D
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When CPVM?
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cip19 indexd branch already on develop
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Will these CIPs help RPP?
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CIP19 helps anyone developing or integrating a counterparty based project
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And lays sturdier groundwork for the future
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Totally
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Cip18 will certainly make rpp Leess buggy
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I know distributing all the dank rares ppl donated is a big one
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Some PRs that are gonna get merged during cip19 are surely needed for rpp
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Yup
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And getting a real simple cpvm will help with a lot of automation
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Especially stuff like nfts
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Much potential there indeed. Super interested in keeping abreast of developments on the VM front
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I'm picturing a real byte code vm, which just has some event driven code and can only interact with immediate values and Counterparty ops
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And 0 loops
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Important 18/09/18 Update your full nodes ASAP re CVE-2018-17144
https://bitcoincore.org/bin/bitcoin-core-0.16.3/
https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2018-September/000060.html
https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures#CVE-2018-17144 -
Wow... Gotta fast track that 0.16.x branch release
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Doesn't states if it affects<v0.14 but that's probably because that's not tested anymore
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There was a huge amount of ready-to-be unleashed creativity and experimentation atop of counterparty when serpent integration was announced. Whilst theDAO etc debacles proved at the time it wasn't ready for prime time. It did pave the way for a bit of a rush to the exit IMO as some felt bait and switched. (And of course ETh based smart contract thirst became insatiable) A counterparty specific vm makes a ton of sense somewhat neutered, lean, sensible with a whole ton of new cases opening up.
had read the initial proposal with interest, very keen on following its dev. nice work 💪 -
r/counterparty_xcp - Rocket.Chat now supports CounterParty XCP tokens!
1 vote and 0 comments so far on Reddit
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😱
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Cool integration (and sensible use case some have been dreaming about for years) that went under the radar
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I use rocket chat
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Have it as customer support app
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Works wonders
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Get in on the ground floor of the 600 Bitcorn pyramid @ShawnLeary
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L1Nk????
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@ShawnLeary
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Here is how it works...
Below is a list of Counterparty addresses (you'll see it as you read further). Each of these people has already taken part in this system. When someone new comes along (such as yourself) he/she removes #1 off of the list, moves the other five email addresses up one position (i.e. #6 goes to #5, #5 to #4, etc.), and places their Counterparty address in the #6 position. This process is what develops the power of compounding.
INSTRUCTIONS:
STEP 1:
Save this message.
Step 2:
Send 100 Bitcorns to each of the 6 addresses on the current list from your Counterparty address.
Here is the current Counterparty address list:
*************************
1.
2. 16FafZ8xqZv8eAoffX9D5pfmS47YqFwYez
3. 1KacrYMuQW5eqLbrYUotQ1mdsVpxin6hC9
4. 1DMCrvh4NbkToZi9xmssQoEaFcNk33CC51
5. 1DLyyj4LonwkngVKFuj2yXMHhPAYsNyJH8
6. 14MsDSuPb6aMj9S1PNGAuYMudxft2HJaHV
STEP 3:
Take the #1 address off of the list that you see above, move the other addresses up (6 becomes 5, 5 becomes 4, etc.) and add YOUR address (the one used for your Bitcorn send) as number 6 on the list.
STEP 4:
Share your amended message created in Step 3 for maximum exposure. -
link?
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^^^read above @ShawnLeary
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read, what does it mean
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where is the longer list?
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not sure. i think it's a scam.
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it could be a way to get BITCORN rich quick. not sure.
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Many thanks.
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Atm we're focusing efforts on getting Counterparty updated, as there's a huge risk of hitting a showstopping bug with btcdrak's Bitcoin fork
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Then we're gonna bring long requested features from backlogged cips
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And then begin adding new features via the cip process we all know and love
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Cointelegraph.com reports that Zaif exchange was hacked a few days ago
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- 20 September 2018 (58 messages)
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Yeah 196,000 XCP are still there in their wallet
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Check out @NicolasSierro’s Tweet: https://twitter.com/NicolasSierro/status/1042602349603315712?s=09Nicolas Sierro
My @BitCrystals @SpellsofGenesis @SpellsJP @a_table_game colleagues are ready for Tokyo Game Show #TokyoGameShow #tgs2018 visit our booth Hall2 N14 for a cocktail of products around #blockchain #gaming #collectibles #casatookan #Wallet #Bitcoin #Ethereum #bitcrystals #swissgames
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. Historical BTC:XCP ratios
0.018 FEB 2014
0.02 BTC NOV 2014
0.008 NOV 2014
0.0083 AUG 2015
0.0084 JUN 2017
0.0081 JAN 2018
0.000051 SEP 2018
xxxxx : 2019 -
0.05 : 2019 😛
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Could well be.
Many alts are down 1 year but there's no sense with the extent this has been oversold IMO. I'm putting some of it down to shallow markets exacerbating moves in either direction (small volume can easily double current price.. hell current price can 10x with moderate buy pressure) maybe last of the buy high sell low dec 2017 crowd needing rent money is almost. gone. noticing some patient accumulation. Let's see how it plays out -
Based on what? Hopes and dreams?
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Based on the fact that we have had little to no dev work done over the past year, and now we have a developer who is moving forward on a bunch of initiatives to improve CP including a CPVM which could bring it up to par with ETH and make it a pretty serious competitor.... and based on the fact that a large quantity of XCP is in the hands of a few holders who have no interest in selling anytime soon..... seems primed for a pump at some point this year.... who knows how high it will go, but seems like serious potential if we get the CPVM
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so yeah... hopes and dreams ... nothing is guaranteed 🙂
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Price pumped the highest to 0.02 BTC when the EVM announcement was "accidentally" announced early..... still lots of conspiracy theories surrounding that... but it did show that there was serious interest in the VM at the time.... now that the EVM newness has worn off and some of the centralized "decentralized" smart contracts are being exposed..... perhaps the market will welcome a simpler non-turing complete VM.
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Can you ELI5 the rationale for a simple VM? Does anyone really need this?
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Proof-of-concept VM Development
So i’ve recently started to develop a minimal pure python Virtual Machine tailored specifically for counterparty. I’m starting this thread to keep note of development and design decisions, and also to get input from the community regarding what should the VM do. FAQ Why not use EVM? EVM was designed with ethereum blocktimes and specifics in mind. CP has already a lot of groundwork regarding tokens, bets and a lot of useful functions that don’t need to be recoded in a smart contract. Isn’t...
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Absolutely.
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ELI5..... 99.9% of programming can be done without the need for turing-completeness.... turing-complete is very very VERY hard to do correct and not necessary for most stuff.
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I'd say a huge majority of buyers brought in on the premise of a VM (just like ethereum itself) even if some portions didn't fully grasp the implications that was a major selling point, and a point for developers to play around with new, advanced use cases. and while it was probably the right call to make not pushing in port of the serpent to mainnet after theDAO (and many other debacles) ETH brushed them off, it had obvious effects. While eth is doing a ton of work on securing things up, wanting to migrate to wasm etc, a simplistic VM makes a ton of sense.
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I still haven't heard the "why" - there would seem to be very little functionality that can be added by having a VM and clearly potential for problems. Why would the tradeoff be worthwhile? BTW I don't think RSK is a wise way to go.
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Is it all about marketing?
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"very little functionality that can be added by having a VM".... hrm... I tend to disagree.... with a minimal VM, we could do almost everything that ETH can do but also eliminate some of the security issues that the EVM has..... for tech details, probably better to ask a dev like John or Devon or Joe looney... I only have a very cursory understanding of the CPVM and the functionality it will provide.
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Naww... CP has never really been all about marketing.... its one of the weak points of CP, so definitely not all about marketing... more about adding tools to the platform to allow people to play around...... make a big sandbox, the other kids will want to come and play 🙂
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I suppose my belief is that most of what can be done via Ethereum smart contracts can already be done on Counterparty with some ingenuity, and the rest can be accomplished with minor additions via CIP.
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True... with a little work you can make CP work for almost anything... but currently still need the "middleware" to run on a centralized server.... with the CPVM, the entire thing could run from the blockchain, like ETH does. Opens up possibilities to run things like powh.io (not that I encourage pyramid schemes, but having them be provably fair and truly decentralized does have some appeal)
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Agreed.
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Personally I don't see implementation of a specific/somewhat neutered VM as any kind a trade off.
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Good point. But to be fair, everyone rolling their own platform is problematic too. Now I guess we're all basically using the same contracts as implemented in CP protocol. If everyone can customize every time, aka Ethereum contracts, then security becomes a persistent problem.
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the risk reduction for the CPVM comes from two design decisions being made early on
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1) No contract can "loop" over arbitrary data, only map-reduce semantics over predefined sets (holders)
2) Interaction semantics are what's already there on CP: orders, sells, etc. No way to have random function calls. -
2 seems to really lock things down security-wise, that's huge. But 1 might only partially mitigate the turing-complete class of problems, it's not just looping that's problematic, no?
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Will I be able to write a smart contract to factor a huge number that has only huge prime factors, such that most nodes will not be able to perform calculation before the next block?
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Removing looping and limiting code jumps to be only forward effectively makes a machine non Turing complete
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Nope
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No looping
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👍👍👍
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no recursion
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In fact, most contracts will want to be less than 40 bytes long
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neither recursion, no call semantics
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no jump back
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only branch forward semantics
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prolly reducing instruction set to 16 instructions, tops
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+common counterparty instructions (which will be called by a special op)
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4 bits ops with 16 registers
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so an op can operate in a register with just an 8 bits call
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jump forward up to 16 bytes
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etc etc
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That's a VERY simple instruction set and model. I might've been prematurely skeptical about the risk potential. 😁
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Yup
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Modeling it to be really simple
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I've done several projects with pic mcus before
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And I'm modeling some stuff from their instruction set
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Thinking of each contact more as a "clause" than a whole contract
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Are you the only one working on it or are there others?
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cpvm?
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me
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Yes
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let's just hope i don't get a stroke or a heart attack loooool
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Haha yes. Don't follow any crazy crypto diets.
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we need a health insurance bounty for you!!
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Augur prediction market maybe. Will Johns heart survive coding the vm?
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- 24 September 2018 (5 messages)
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Can Bitcoin core ever reduce op_return to 0? Rendering xcp useless?
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👍thanks for the reply. Just been a lingering thought of mine that need to be checked.
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Iam glad to finally see a potential for updates in the future
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🎉
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Also the fact that on that compromise the opposing part just obtained what they wanted, pruning op_returns from their dataset
- 25 September 2018 (5 messages)
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Counterparty is so cheap (HOW CHEAP IS IT?) Counterparty is so cheap, every time I think of buying more I ___.
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Curl up fetal position and cry in a corner
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Think opportunity opportunity opportunity, rekt.
- 26 September 2018 (5 messages)
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- 28 September 2018 (1 messages)
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- 29 September 2018 (1 messages)
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Hello
- 30 September 2018 (3 messages)
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Its a bot
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