- 14 June 2019 (186 messages)
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if the fund is 2btc
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then no
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it's 15k xcp not USD ($)
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the slippage would be significant
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xcp is punk rock what do you expect?
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scrappy
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of course, wheeler is just an instigator
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go big or go home
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2btc market buy would pamp it to .0005
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lol now that we're looking at it you'd need 108BTC to clear tux books
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and that would make the price of XCP 315% of BTC
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Cant understand the language yet -
Can anyone or the foundation do something with binance ...bitfinex or kucoin exchange?? -
Binance no longer allowing us residents to trade -
There is a post about Exchange outreach on the forum -
it's very interesting, we should organize like monkey is saying in the post
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(it's frustrating that it's impossible to post links here ><)
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At least we can get in more volumes and xcp value can increase..
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U.S. Customers Won't Be Able To Trade On Binance Exchange After 90 Days (Approx from 12th September 2019) In Terms Of Service Under 3. "Prohibition of Use"
However, To Serve US Customers They Are Planning To Launch Binance.US
Read The Article Here: https://www.binance.com/en/support/articles/360029196512Terms of Use Review | BinanceFellow Binancians, As part of our continuing compliance efforts, Binance co
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i see nothing in the Counterparty_Foundation_Bylaws.md about getting listed on exchanges. Therefore afaik it is not an activity limited to the Board or an officially chosen agent. However, it is important that this group differentiates itself from the official board/organization. Only the actual organization can enter into contracts and any exchange approached with the efforts should be informed that it is a group of voluntary members/users -
Yeah
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Exchange outreachFor direct updates on progress and how you can help: see the following post Exchange outreach If you want to read the rationale on why this thread has been created-- rant below Exchange Outreach It has come to my attention that over the course of the past several years, we, collectively as a community of this leaderless, decentralized organization have not done much in the way of exchange outreach. And that’s a bit of an understatement. I have scoured through CMC and the various other agg...
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👍 the example of raven gives hope
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Thats the point..!!!
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Yes we need exxhange support
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And I think we should have our own community owned public exchange honestly... I created one for us to use as a credit faculity base for this but we need the rest with having our own public external exchange pegged to a professional index of XCP tokens
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I joined brother
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I have the financial assistance coming ... Have a group of Vets gather to joins us and combine their gov hemp projects with us
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Some exciting stuff, John why have you continued to work on XCP for so long when you could of gone elsewhere? -
I’m just really amazed at some your guys dedication to XCP
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Ive done in the whitepapers Ive done for us... Explaining how xcp is really a DRS system for the blockchain
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A blind person can see xcp and btc go together like eggs and bacon
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Will do bro
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That’s good enough for me, much respect, I feel same way
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Does anyone know off any possible legal consequences of being a member on the foundation?
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None if we do it as a open community and in public trust
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Someone should register public trading vehicle
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We should make satoshis genesis block wallet the burn address, sounds dangerous
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Shit like that makes xcp amazing, fun, history making, it’s awesome
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Can’t the burn address be used to issue XCP again? If so, that window should be opened up for people to easily acquire XCP. I’d make it 100,000 SATs/XCP. The supply side is still limited. -
Right, but if I were to send it 1 BTC to burn, I should get 1,000 XCP is what I’m saying.
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The burn window was for a month Jan-Feb 2014 to create XCP. Let’s open it back up indefinitely.
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Great idea. I joined 👍
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The Counterparty proof-of-burn was set up so that anyone who sent bitcoin to the address 1CounterpartyXXXXXXXXXXXXXXXUWLpVr during the one-time burn period in January 2014 automatically received XCP in return in proportion to the amount of bitcoin they burnt. This ensured that all 2,648,755 XCP that will ever exist were created and distributed in a fair, transparent and public manner.
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Since the start of the project it has been said/understood there would only ever be one burn..... changing that now is a no go
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in any chat and on the board, i'm seeing too many quick fixes and not enough CIPs. the way i read it, the board is allowed to move forward with another issuance, but i doubt that will be seriously considered. There are too many variables at play to simply tack on some bandaid and expect it to be durable.
pegging btc to xcp in an open burn window makes them the same thing. there would be no point in having to destroy btc for xcp to register named assets. that all being said, xcp also shows as being -=unlocked=- -
that is an easy CIP?
lock the issuance of XCP until there are only XXX# in existence. -
in the distant future, when there are less than a million (or so) XCP in circulation, then there should be another burn. imho this is not a mechanism to be taken lightly and should be considered when the resource becomes so scarce that half an XCP is valued over $9000 and no longer available to the common user to forge assets. Getting a plan like this secured well in advance will set a president when it is needed, and get people to stop suggesting it until then. :P
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no.
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the conversation should not be "done" simply because you say so
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dont ban me bro
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ok, moving on
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Send some tokens to Satoshis historic wallet - Helene - we already have burn address 😂
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I am doing this as we speak now for us
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i think that plan would find more resistance and not be practical. where do the funcs currently "go" when used?
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who is "us"??
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Who is the community my guess would be
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Can we have an official unofficial chat where people like me can chat and not take away from the important things said by important people so it doesn’t get lost
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how knows with this user. Flashed some paperwork about starting a company Counter Party Centralized or somesuch. Only the elected board members are allowed to enter into contracts as "the community"
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@Counterparty if you please
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not sure what you are trying to imply with your use of sarcasm. poes law
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No I don’t like the way they put jdog on blast - jdog does so much for community, and they pin some stupid post, not supporting that
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he trying to shoot a slug at me
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The inflation would still be limited by Bitcoin’s supply limit. The “founders” still got their XCP at a slight discount by getting up to 1,500XCP/BTC.
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yeah. im not into the pinned post in that group. twice the people and a tenth of the discussion.
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Who posted that message, who is that?
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That was you?
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䷰䷸䷣䷝䷞䷊䷾䷝ 😵 was shooting a slug a me trying to attack the work I am doing for the community
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this is what his sarcasm is about .....
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naw. being real.
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solo is a no go
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i mean, you've been nominated to be part of the board. instead of following protocol, you seem to have jumped into taking all of counterparty under your own lead. please correct me if i am wrong. BUT it seems to me that you are jeopardizing your candidacy by acting on your own by starting a new organization and entering into contracts ahead of time.
Patience should be exercised in order to ascertain the likelihood that there is a consensus behind these actions -
Xcp is a protocol that can be used for profit - he has right to do whatever he wants
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correct me if i am wrong, but please dont try to ding my character. im not into baseless drive-by insults // hate on the game, not the player.
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thank you
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I think you need to take your own advice in this case I said nothing toward your character
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I wish you peacefull day
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can do whatever he wants, indeed. then he is acting on his own will, and not that of "us"
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naw, you just accused me of shooting you. that is not peace.
you cant handle criticism? -
so one person can't establish something for a whole??? I think this is a baseless attack .... everyone here knows what shooting a slug is and you did it simple lol ahahahahahah 😏😋 NEXT TOPIC please
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If you want to profit from hons profiteer ways, hold xcp... simple
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I encourage everyone to attempt to profit from xcp on their own accord if it’s legal in your jurisdiction
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i just call out delusions when i see them. thinking your personal interest based actions represent the community is baseless. that is the cut of it. not my problem, it is yours. understand it or not. still exists, arguing with me will not change the value of your actions
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so, yes. moving on
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again
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Good ty
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I think your arguing with yourself lol but moving on!
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you are using whose name to "register a public trading vehicle as we speak?"
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enough red herrings
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How about you go ask the others who have projects that are counterparty base using the names they own, the same questions instead of trying to find an excuse to fight me lol
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asking for accountability is not too hard unless ther is deciet involved.
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you said it is for US, who is us?
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you know what. enough pearls for you. oink
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no you make no sense to no but yourself this is already a transparent system!
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So you making up stuff to justify a baseless attack on the work I am doing another member just told you this simple
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Xcer just told you who it is for and who benefits sorry you lack comprehension of this and can't get it and have to find a baseless excuse to attack me... I am open for questioning all day but I know when I being profiled buddy lol
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Man, dude, you’re just hard to talk to.
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The plan has always been to switch from hard-coded burn amounts to dynamic burn amounts so that the amount of XCP required to be burned would scale down based on how much XCP is in existence... we are still pretty far off from a point where we need to consider implenting this formula.... but AFAIK the intention has always been to only ever have ONE burn period, and deal with the diminishing supply with a formula which will ensure that we will never run out of XCP..... As to switching from "burning" XCP to some other method like the 'burned' funds going to a general dev fund, that is open for discussion.... XCP is intended as an anti-spam mechanism.... the anti-spam mechanism works fine wether the XCP is burned, or moved to a dev fund.... just my $0.02
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Of course! the cost to register needed diminishing makes sense
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Could do dynamic burn rate using same elliptical curve as btc with a stoic exhaustion date
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yeah, im hard to talk at. I ask a question, and I don't accept some excuse of a metal fallacy as a response. bottom line is that I asked questions today, and in turn, saw some pretty accurate psychological projection coming from self-justified actors who hide behind nonsensical arguments instead of coming clean.
Case in point this "Honorary" user claimed to be entering into a contract on behalf of the community. I asked in whose name. The simple answer could be that i am mistaken, that there is no contract. Any answer would have satisfied my curiosity, instead the aggressive alibies only secure doubts. Intention is already questionable for the actions of someone that took it upon himself to pre-register all the new world's currencies. I simply gave him a chance to explain himself. Instead his attempt to distract only increased the probability of ignorance or criminality, or both, in the discerning mind. -
Who are you? What’s your name? Want to call me?
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I’m feee to talk right now
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I’m sorry, but I vote to ban Cornhoilio from this room until he can prove he has the fortitude to operate peacefully.
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Satoshi wouldn’t like that and everyone in this room works for him
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I’m not worried about the diminishing supply. My concern is the on-ramp for potential new users. Simply sending any amount of BTC to a known address and getting XCP in return is the easiest method by far. The initial burn offering was cool, but considering the exchange situation, a new burn period should be given some thought.
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Wait, what?
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there are supposed to be more fiat onramps with this new sidechain addon from what i understand
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Sorry wampum ?????????
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like really who are you, I told you from the jump you was off, you wanted the attention, I showed legal documents showing who I am lol Questioning my "HONORARY" position from verified organizations. ALL IN YOUR PERSONAL INBOX... THIS LACK OF ACKNOWLEDGMENT OFFICIAL WEBSITES AND DOCUMENTS .... MAKE YOU LOOK CRIMINAL AND ALL THAT YOUR PROTECTING TO CLAIM IS MY WHAT I AM COMING OFF AS ... when actually its YOU and you hiding on HERE and I am sorry you don't know what a smart contract is and the fact I can do this all I want, and you don't know this is a smart contract platform and I have the right to contract unlimited and with my project I standing representation of the whole community just like anyone else so you keep making up delusional stuff and you not making any sense when your hiding behind a fake profile right! HOW MANY TIME YOUR FIRST QUESTIONED WAS ANSWER YOU NOT MAKING SENSE... YOU KEEP PUSHING THE ISSUE AND YOU STILL ARE..... You were even told this by others .... and Nice try on trying to give legal break down but YOU asked in who name but you have the documents see for yourself. If the legal document say CENTRAL COUNTERPARTY TRUST.... and all of us are beneficiaries and everyone we all a community with the system and protocol already in place elect new foundation members to act as the administration. You continuation of this and your omitting of what others are actually doing in badfaith and something way worse then me helping to push the new legal foundation forward after I mentioned I am a legal advocate in the group many times and I been in these group for at least 3 years besides the time I was banned... DUDE WHO ARE YOU??? Its many in here can verify my identify and who I am and where I am from but what about you??
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Not you, sorry Cornhoilio
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This problem (Send BTC to an address, get XCP back) will be solved shortly by CIP21 'dispensers' soon.... https://github.com/CounterpartyXCP/cips/blob/cip21/cip-0021.mdcips/cip-0021.md at cip21 · CounterpartyXCP/cips
Counterparty Improvement Proposals. Contribute to CounterpartyXCP/cips development by creating an account on GitHub.
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thank you for targeting me personally for asking you plain questions about facts. this shows your true character.
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reference code: iuzGq
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Okay, interesting
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looking forward to this fee-less swapping system
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kindly can you stop harassing me??
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im going to keep this bad taste out of my mouth
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Please and thank you
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interesting what google reverse lookup tells you about people's avatars.
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Wow, CIP21 is amazing. How do you set the sell price for a dispenser?
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Sorry I see.
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Yeah, using BTC on CP with just a single tx is big... much simpler than using BTC on the DEX.
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big ups to John for coming up with this goodness 🙂
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CIP 22 - burned wallet with dispenser funds being distributed to x token holders
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Create a post on counterpartytalk.org to discuss your idea... if enough ppl think it is a good idea, someone will write up a CIP for it.
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I’ll do that, gives huge incentive to develop on xcp. Thank you.
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Just sent $100 to bounty address - ty John, not much but something
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🙇❤ 🙊
- 15 June 2019 (193 messages)
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is there any idea about how the dispenser txns would look in current DEx interfaces?
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ideally they would essentially replace, or at least be as easily accessible as current BTCpay based txns are in current DEx interfaces
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even if it's a seperate tab, they would still allow 'books' if i am understanding this correctly since multiple people could set up 'dispenser' txns at different prices
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and are said dispencers bidirectional? such that you could have the equivilant of "buy" and "sell" orders using this order matching system?
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(but yes agree with this sentiment)
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can you explain the attack by a malicious party?
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i'm probably just dense just not code literate enough
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so you can sell any token for btc, including xcp
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and orders will match when btc is sent?
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but how would that effect the market?
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if your autobuying aren't they you btc?
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if you auto by someone else's higher price after you that's just like a market order that moves the books up no?
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Thank you 🙏
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okay so the txns don't truely "have to match"
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that's the danger
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cas no escrow (as you said from the begining)
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still brilliant
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i just want want those perfect matching DEx like you get on XCP or any other tokens pairs with BTC
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i've been annoying j dog with questions like this for years
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so fucking great idea, even if it's not perfect
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it gets us closer
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oh i didn't know santa would be there
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or well
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i was looking for more of that
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this is boiling over interesting in my head with a conversation happening in the rare af 2 room today where they were discussing "why would someone want to put thier art on the blockchain"
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say you had this dispenser set up so people could really easy just buy your xcp token art on your site with btc
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your blockchain reputation would be important becuase of this type of attack
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if you are buying from a dispensing address that has 'street cred' you can rest, realitevly assured, that the seller is not gonna pull a fast one on you
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or i think it was in the art decentralized room
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FYI.. the coindaddy reputation system allows for reputation feedback on assets AND addresses.... so, if someone does operate a dispenser and starts doing shady stuff, pretty easy to leave negative feedback.... no reputation system is perfect, but at least it is gives a general idea of the reputation of the address/asset owner.
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Yep its pretty much our own internal credit rating system...
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at least some overview of history over past month, 6 months, year, etc.
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The dispenser owner could also bond his account thru a third party with x amount of btc to show trust
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Yep sound up my alley there Xcer
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Can use the tx total to see if incoming tx are greater than bond, then buyer beware signal
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A burned wallet dispenser with the dividend function I refer to above could make a built in bond system
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Dividends require xcp as an anti-spam mechanism.... and you wouldn’t want to do a dividend on every dispenser vend/tx....so not as easy as one would think.... can accomplish the same thing outside of the protocol.... ie, watch for a btc tx to an address (or better yet wait until the address hits X amount of BTC) and then perform some action (dividend to specific token holders, mpma batch send to ppl, etc)
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Cool - I like that, but the dividend solution I refer to is to have a wallet pay mechanism without anyone actually controlling the key to the wallet so the wallet is trustless of funds contained. I’m sure there are tons of technical hurdles that are not easily solved but CIP21 is an amazing start to the future no matter what it is.
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Thanks for explaining! Didn’t think of this scenario. -
@jdogresorg may I ask you about infrastructure load structure? I have a few pre-paid t2.small instances sitting idle. Is there any chance I can run some xcp infrastructure on it to help a little?
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For me, the whole concept of one person running the infrastructure is a little scary. I would solve this first, so I am happy to help, just don’t know how.
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If you are willing to share your ideas on how to build it in a simple way, I can build it myself.
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I can do coding with no problem, but I am not so knowledgeable on components to use to build it right
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I purchased Hazama token, where should I donate it to?
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And freewallet pretty awesome
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I run 2 servers, both are powerful 8-core machines with 64GB of RAM, 2 TB hard drives and unlimited bandwidth. We have tried running things on AWS servers but the operating costs were significantly higher than they are now running on dedicated machines. You could run Counterparty on a slower server, but the performance would be slower.... and for the block explorer and public development servers, we want things to be fast.
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Thanks for sharing!
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Thank you for this 👑🙌
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Freewallet is the truth lol I suggest it to all counterparty members and direct people to it on the sites I am part of
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If someone like myself wanted to run on AWS, does it take a maintenance after it’s setup and how long of a setup would it take with the right technical knowledge?
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Johns exchange plus Jays freewallet..the dispensers and updates. And along with some type of free Counterpay similar to bitpay..and BTMs. It will be major lol
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Running a fednode is actually pretty easy to setup/maintain... the initial syncing process can take a long time due to needing to sync all of the BTC blockchain, then index every block, etc.... but once it is up and running, it doesn't really require much maintenance.... I would suggest you take a look at the documentation on running a node at https://counterparty.io/docs/federated_node/Running a Node | Counterparty
Installation/federated_node.md
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This part I understand, what I don’t know is how to manage inevitable mess of UTXOs for xcp-btc gateway. I can come up with logic to do so, but I don’t know which libraries (if any) to use
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I was hoping he’s got an idea here
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@chiguireitor would be the best person to ask 🙂
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Yea John is a great source for help
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In terms of hours, how long to setup and how many hours of maintenance per year. That’s like a spaceship manual. And what’s your guess cost on AWS per month?
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as I have said, I do NOT run on aws... I run on dedicated servers from ovh.com
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'spaceship manual' ? really.... setup is almost as simple as just typing fednode install full master... everything is downloaded and installed for you.... all the other documentation is just telling you how to setup your system so that fednode works fine... pretty straightforward... takes about 5-10 minutes to get a fednode install started
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Syncing can take a few days or a week depending on the speed of the machine
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Ha spaceship manual for me. I’d have to learn so much to get to that point.
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once fednode is installed... updating counterparty when a new release comes out is as simple as just typing fednode update
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Cool sounds easy
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the fednode scripts have GREATLY simplified the process of installing and running CP, as it wrapps everything up in dockers and configures everything so you don't need to setup each component separately 🙂
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I can code a bit, but I never set up a server. Just a little intimidating.
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I been having difficulty with this no lie lol hahahahaha🙌😅😃😂 its took me six months just to figure out what I was doing wrong lol
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yeah, many ppl complained about what a pain the setup was, so the fednode installer process was created to simplifiy things 🙂
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I am getting it now... I actually got the GUI up before but thats as far I gotten
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Are you on CP slack?
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Adding more servers does what for us? Besides the obvious of having more backups. It doesn’t result in anything more or less than that?
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Yes, but not this moment
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Yes, but haven’t been in a while
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You can read up in the Dev channel on the server knowledge this is where I am waiting to refer back to myself when I get the blockchain up and the CP gui again. I will be diving in completely...
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Extra nodes secure the network as well from what I remember
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Every node is independent and does not communicate with other nodes... so, running a node does not help secure the network..... but, having CP running in multiple places (like counterwallet.io and counterwallet.coindaddy.io) does help as it gives users multiple counterwallet instances to use in case one goes down.
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The only reason to run a CP node is if you want to actually interact with CP, or to run a public counterwallet instance for others to use 🙂
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That’s excellent. What if California fell off the cliff due to an earthquake and we have no backup nodes at the time. We could still get it up and running afterwards with prior data? I think you told me yes to this before, sorry for being repetitive.
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The nodes are hosted in Toronto canada.... not california... and, all the CP data is encoded in bitcoin transactions, so even if no nodes were run for a year, at any point someone could simpy spin up a Counterparty instance, parse in all the transactions from the bitcoin blockchain, and then be ready to use counterparty.... there is no chance of losing data as all data lives in BTC transactions.
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Clarity right there lol
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🙌👑🙌
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Now off to spend the day with my son... catch up with you gents l8r
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Have a bless day bro
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I’ll save my questions for later, ty
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Enjoy!
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From where did you got it? From DEX? I might be interested in aquiring some -
It’s for Joe. It’s value is 0.
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What’s the name of the asset? HAZAMA?
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It’s not for sale.
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How does the situation change when there are two regular users sending btc to dispenser concurrently and there are not enough tokens for both ?
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I am not sure I understand how these two situations are different.
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However situation is very real for any ICO type of activity. Is it for dispenser creator to resolve all the mess after it is drained?
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That’s true. But any ICO operator has the ability to make it right if this occurs when no malicious intent is involved. They could bond the wallet themselves by reserving bond tokens for this situation.
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For example, issue 1,000,000 tokens for dispenser. Reserve 200,000 for bond. No issues, burn bond remainder.
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I’m curious if I can set up dispenser with assets I didn’t create. Can I set up an XCP dispenser if I own XCP tokens?
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Or just send BTC back or whatever asset. It’s only a problem when the dispenser owner is trying to screw people. But that’s true with any transaction. Can you buy anything in life without the possibility of getting screwed over?
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The dispenser can be setup by anyone to sell any token for BTC.
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Even concurrent run of two incompatible tx?
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Wowowow
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I don’t see how to make it happen
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incompatible tx? The only potential issue with a dispenser is that a tx arrives and the dispenser is out of tokens to sell.... at which point, the dispenser operator would need to send the token manually, or refund the BTC...
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Yes, that’s what I mean by incompatible txs: you cannot satisfy them all together
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It is basically just a vending machine... you put your money in, you get a token back
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Vending machine is sequential
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It will not sell me a sandwich unless it has one)
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You seem to be stuck on a minor issue... if a dispenser runs out of tokens, it is on the dispenser operator to make the user whole. again... just like a vending machine.. if you put money in and you don't get what you wanted to purchase out, you contact the vending machine operator and report the situation and ask for a refund.
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I don’t think it is minor, it blocks major use cases and requires trustful relationships
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dispensers are a great thing, a big advancement... not sure why hung up on the "what if I send money in and no tokens are sent back"... that would only happen when the vending machine is almost empty, the UI should warn the user that the vending machine is almost empty, and if you don't get the token returned, you simply tell the operator of the vending machine and you get your money back
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And dispenser has a window
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You look before you buy
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Blocks major use cases? howso? the UI used to purchase from a dispensor would tell you how much is available... and in the chance that oyu happen to be the last customer to purchase when the vending machine is out, you can simply ask for your money back
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we are not talking about a situation where hundreds of users are all using the vending machine at the exact same moment and are all out of tokens.
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No one uses vending machine with eyes shut
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What does it allow to do what’s not possible now? The only thing I see is ‘trusted’ sell orders of XCP
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It allows you to buy things on CP using BTC
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From trusted buyers
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right now to use BTC on the DEX it requires 2 transactions... 1.) place order to buy something with BTC... 2.) order matches and you have 20 blocks to pay... 3.) You send the btcpay payment or your order expires.
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Sorry calling you Joe, John 🤯
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This part is clear to me
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I didn’t not realize before that it enables only ‘trusted orders’ for BTC
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Now I do
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It is somehow interesting to have ‘trusted orders’ on DEX)
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Which is fine, still better than before
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Which ones?
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Makes perfect sense
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Ok, understood
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With 1:1 pegged sidechain most of that may be solved anyway)
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I was thinking about this today
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There are two things which do not look trivial:
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1. Liquidity
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2. Pricing
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In the current market conditions
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Any thoughts on that?
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And John just single handily made exchanges worthless 😂
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This not really to new of a concept more like a upgrade right from the past vending machine we use to have? Just seeking clarity
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past vending machines required a separate service to run (swapbots).... this is a vending machine built directly into the protocol
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Oh snap lol okay .... I think I am starting to understand the benefits much much better now
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Working on this now... With the CES componant and how we can link into the exchanges
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It is already fully funded.
- 16 June 2019 (60 messages)
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Since binance is planning to set up another exchange...isnt it a good chance to list xcp there..since there will be limited coins available for US citizens..maybe Xcp can offer to list there..
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Roads? Where we're going, we don't need roads. -
Does anyone know if Zaif worked out their counterparty wallet glitch issues, they weren't allowing withdrawals a while back?
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perhaps Zaif is the black hole of XCP.... everything goes in, nothing comes out?
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i mean with zaif we have at least one country in this clown world that has offically realized XCP as legitmate
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Is there an easy way to do airdrop?
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This is why I say yesterday we need our own exchange spearheaded by the whole CP community
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Dividend would be like an airdrop? No?
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If enough people hold an asset you own?
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Used dividend function it looks like.
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We don’t need an exchange, we need a token that is distributed to a lot of wallets I’m thinking, then use dividend function to airdrop
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I don’t know. Just thinking. If we have a community coin, the foundation could do airdrops for people OR you could sell that service.
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I think I would target active wallets
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Could an exchange do an airdrop? I don’t think this would be technically possible?
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I may be wrong, it’s a good thought.
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Xcp is the community coin
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So I guess an exchange could do an airdrop centralized, but it would cost them a bunch of money to send out.
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Cool thanks
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What is the point of an airdrop of a new coin? -
But I can’t use the xcp coin dividend function
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What if I want to advertise to wallet holders?
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Or give them a gift
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Foldingcoin does have a technique that can be used by the new foundation to redistribute XCP and have it sent back to a general wallet like Jdog mention before
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Yea that’s pretty awesome. I know a little about them, very cool.
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What do you mean redistribute xcp?
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The XCP that is held by the exchanges and the volumes they hold has go to somewhere and it makes no sense not being able to get it XCP from our own exchange or dispensary.....
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Ohhh I see what your saying. By using their dividend function, I’m helping them because it’s incentivizing their users. And they stand for a good cause. That’s amazing.
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That’s brilliant and awesome
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and we do this for every project token so they have a place in the community each one teach type of thing for a true sharing economy
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Yes. And the user gets to decide if they want it or not by ultimately holding the token that powers the dividend
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For instance, xyz token is always dividending me spam, I send their token elsewhere to not get that spam anymore.
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When MPMA is released, you will be able to send a bunch of tokens to a bunch of users all in a single transactions..... dividends are only available to the asset owner... so, if you wanted to say airdrop a token on everyone who had the PEPECASH token, you currently would not be able to unless you were the creator/owner of the PEPECASH token.
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I proposed removing the "dividends can only be paid out by asset owners" requirement a while ago..... it can be done by removing only 4 lines of code... but, need to get community consensus first. https://counterpartytalk.org/t/allow-anyone-to-pay-dividends/3846/2Allow anyone to pay dividends?
There has been some discussion on Telegram recently about removing the requirement that only asset owners can pay dividends. Removing this requirement would allow any user to pay a dividend to all of the users of any asset. Thoughts? Is this something you counterparty users want?
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The mergedfolding.net site does allow you to do airdrops, but it costs a pretty penny still since every airdrop to an address is a separate transaction which requires a separate tx fee... if you wanted to airdrop to 1000 people, that would be 1000 bitcoin transactions (0.0001 BTC per tx * 1000 transactions = 0.10 BTC)... so not exactly cheap.
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Interesting. What about the dividend tx cost to 1000 wallets, is that cheap?
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I like the no dividend rule now that I realize it prevents spam.
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yes, dividend tx cost is 1 BTC tx fee plus a small XCP fee (every dividend pays a small XCP anti-spam fee per receipient)
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Got it
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Ty
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Yes, I think MPMA is probably going to be the best way to do airdrops, many addresses, many tokens, a single tx... should be out in the next release or two.. just need to finish up the p2sh data encoding so that CP can encode large amounts of data into a single tx... MPMA is essentially done now, but with current encoding methods we can only send to 2-3 addresses in a single tx, not very useful... p2sh data encoding will allow for sending to many more addresses in a single tx.
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You da man!
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Yes, it is a great tool using the current standards.... much easier than sending 1000 tokens manually 🙂
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All we need is one highly distributed token to do dividend airdrops cheaply. Right? That’s not a big deal.
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well, only the token owner can do dividends currently, so, you would need a token distributed widely, and would need to be the asset owner, or get the asset owner to agree to do a dividend for ya.
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That’s okay though. And when people share a token, they are also sharing the dividend function of that token. That’s really cool.
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A trusted source of quality dividends
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Or data
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What’s cool is a token can identify a non compliant wallet. For example, if a particular wallet was non compliant in a particular jurisdiction, you could send it a non compliance token. They could send that to someone else to rid it.
However, we can go back and reference the original tx address to identify non compliant wallets. Where it goes after makes no difference. - 17 June 2019 (181 messages)
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It took 3 years after Hal Finney posted the first mention of Bitcoin on Twitter for someone to respond to him
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Looks awesome John, how does one turn off a dispenser? And what happens if a dispenser sends to another dispenser, will it just keep dispensing back and forth until btc exhausted?
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Going to check it out asap
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a dispenser only ACCEPTS btc... so, a dispenser can not send to another dispenser
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Ok thanks, sorry need to read cip better
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But Hazama is going to use the dispenser to peg in and out? Is that correct?
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Not the xcp dispenser, but another type of dispenser?
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dispensers are just tokens held in escrow (which is blockchain verifieable) that will pay out a token in response to a txn of BTC to said dispenser
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(as far as i understand)
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The dispenser has no expiration?
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i'd assume it's 8064 (? i think that's teh right number) of bocks
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like a XCP DEx order
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Ok got it
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but that may either be technically different or open to modification since they are not analogous to traditional DEx orders
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Why is the number set at 8064?
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It’s about 56 days
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i think it was just set as the max block time
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for expiry
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not sure who or why it was choosen
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Hazama is something entirely different... it will allow peg in/out, but it does not use a dispenser I don't think.
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Jdog, be nice if freewallet could collect a small % of the btc tx fee
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Almost like a miner, but instead of protecting and verifying, it’s paying an incentive to platform and UI developers for creating
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I just withdrew a bag of XCP from tux. 5xcp withdraw fee... damn -
In the future, dispensing limits per tx would be nice. So you could give away free tokens or cheap tokens without the user emptying the wallet every time. You could just make the price really small and issue 1,000,000,000,000’s of tokens, but then it messes with the dividend feature if the dispenser has no dispense limit per tx
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Jdog really like the way you verify wallets with coindaddy, very slick 😃, pretty awesome
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The next two weeks, I’m going to work on getting more people to apply for foundation.
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I’d like to be in it, but that’s up to voters. I’d rather have a strong team than me in it.
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If that gets me not elected, than so be it.
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Can someone please actually create links to answers on these topics and I will make an refactored CSS/SVG that has animations as the books open. -
?
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I have read about it all a while ago now, especially Counterparty 101 and Proof of burn, I know I have found tutorials and wiki entries but I think that a couple of sucinct paragraphs illistrating novelty use cases or explainations.
As mentioned I would be happy to work on the media as an excuse to relearn how it all works. @jdogresorg is the only member recall but I am have to hear from anyone who is involved. -
On second thought, its a bit lame, but those are the books I want to read and I wish they were links.
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Also, is this good press for the community projects page?
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If I send a broadcast with a $0.001 fee, and no miners pick it up, it will not be returned for 8064 blocks?
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What’s NVO? Are you the founder? How does it utilize XCP?
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Love the design, pretty cool and clean
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NVO is decentralised exchange ICO that I just remembered looking at last year when I saw it is listed here https://counterparty.io/projects/#6528
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Yes we need NVO it is a great user case for CP
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Hasnt seen much action though
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It was a scam.
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Unless someone knows otherwise
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All their social media is gone
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the github is empty with issues mentioning legal action
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Oh wow
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Yes, they closed down a while ago.
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what? huh.... the 8064 blocks is when an order expires AFTER it is valid... nothing to do with miners fees and picking it up
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every CP tx pays a miners fee... larger fee means it gets processed faster
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Is there any others that need to go? I could attempt a PR
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AFTER the tx is processed, then the expiration block comes into play.
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was looking forward to that project maybe John and couple of us can replace it with something real
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Steal their mockups
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Its need
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Just build it.
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Am still learn John and Jay would have to take lead on it
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Counterparty has a decentralized exchange built into the protocol... no need to rebuilt it... IMO the devs should be spending their time working on improvements to CP (like MPMA, dispensers, sweep functionality, p2sh data encoding, etc).... things that will make the protocol easier to use
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So what happens if I submit to send 100BTC with a 0.00000001 tx fee? I’ve read this before in Ants book; I need to revisit again.
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Yeah but thats the shit I can't do.
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Agree 100%
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Immediately
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