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Counterparty: Peer-to-Peer Finance on Bitcoin
- guiomie 12y agoRead the following "with approximately 2.6 million XCP created by burning bitcoins in January 2014" on the wiki ... Is someone knowledgable enough to explain what they mean? https://wiki.counterparty.co/w/Main_Page https://wiki.counterparty.co/w/Main_Page
- PhantomPhreak 12y agoBitcoins were sent by the Bitcoin community to an unspendable address (1CounterpartyXXXXXXXXXXXXXXXUWLpVr, which has no knowable private key), and the Counterparty protocol detects this and creates XCP in proportion to the destroyed bitcoins, crediting them to the sending address. (This was only for the month of January... don't send any bitcoins to that address now!)
- deleted 12y ago[deleted]
- officialjunk 12y agowhat is the significance of the tail end ...UWLpVr? why not just X's all the way?
- 178 12y agoEvery Bitcoin address includes a checksum at the end, so while you can make up any address like in this example, the checksum still needs to be correct in order to form a valid address. It's a great feature against typos, btw.
- cjg 12y agoIt says "Enter your 12 word passphrase" at their bitcoin wallet login prompt. Hard core.
- bshabba88 12y agoLooks like a standard deterministic seed used by most SPV clients (electrum etc)
- PhantomPhreak 12y agoHi, all! I'm one of the developers of this project, and I'm also a long-time Hacker News reader. If you have any questions about Counterparty, please don't hesitate to ask! Better yet, if you think you might want to build something on top of Counterparty (which is a totally open platform), we welcome all contributions to any of our GitHub repositories (https://github.com/CounterpartyXCP/ https://github.com/CounterpartyXCP/).
- MattYY 12y agoHere is the web wallet, which includes decentralized exchange, smart property creation, and dividend distributions. https://www.youtube.com/channel/UC8L6aXXyobFGD2ADJVwRGoQ https://www.youtube.com/channel/UC8L6aXXyobFGD2ADJVwRGoQ
- wesley 12y agoAlternatives are: http://mastercoin.org http://mastercoin.org and http://nxt.org http://nxt.org
- bshabba88 12y agois xbet (built using counterparty) the first truly decentralised, trustlesss p2p betting platforms? the possibility of using broadcasts as heartbeats and warrant canaries too interest me greatly this seems to fit the job exciting stuff. Bookmarked for reading later.
- nivertech 12y agoCan you please post a link to xbet? The only one I found is this one [1], which I doubt to be using XCP. [1] http://xbet.ucoz.com/ http://xbet.ucoz.com/
- healingplasma 12y agohttps://xbet.io https://xbet.io
- nivertech 12y agoI wish somebody would write a blog post summarizing and comparing all the developments in this field. First I heard about Colored Coins / BitcoinX [1], then Mastercoin [2], then Etherium [3], then CounterParty [4], nxt.org [5] and TruthCoin [6]. Some people think, that Bitcoin protocol can and eventually will be extended for smart properties and there is no need in all of this. [1] http://coloredcoins.org/ http://coloredcoins.org/ [2] http://www.mastercoin.org/ http://www.mastercoin.org/ [3] https://www.ethereum.org/ https://www.ethereum.org/ [4] https://www.counterparty.co/ https://www.counterparty.co/ [5] http://nxt.org http://nxt.org [6] https://github.com/psztorc/Truthcoin https://github.com/psztorc/Truthcoin
- healingplasma 12y agoTim Swanson has a really good post on this http://www.ofnumbers.com/2014/03/04/chapter-3-next-generation-platforms/ http://www.ofnumbers.com/2014/03/04/chapter-3-next-generatio...