Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
delulo
on 20/01/2015, 15:56:17 UTC
Can someone explain medici?

Medici is to stocks and shares what bitcoin is to money.

edit: bitcoin with a lower case b, as both use the Bitcoin network.

So it's like asset exchange on Next? Forgive my ignorance

Counterparty has its own asset exchange. Medici brings regulatory compliance, user interfaces, professional services, off-chain stuff, etc., so that users can trade shares of public companies, e.g., (on Counterparty) legally and easily. Counterparty is the primary technological platform; Medici is an application and service. (Think Bitcoin/Coinbase.)
Can you make a comment on the following questions?
Will Medici have it's own blockchain and therefore their own native token?
Will Medici track company shares on the Bitcoin blockchain and utilize the Counterparty protocol to do this?  
After the Las Vegas conference it was communicated that Medici will be a front end interface to Counterparty. Did this change in any way?  

Will the video be online at some point? Maybe someone from the Counterparty team could put it online Smiley