Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
Matt Y
on 07/04/2015, 23:30:36 UTC
Hello!
I have been finding my self re-searching 2.0 protocols lately.
My first memory of Counterparty was when the "burn" was taking place. I thought it was a crazy idea at the time. It's nice to see the project is moving forward a year+ later.
So, as I keep reading through the previous forum posts and researching cases XCP being utilized, I do have one question.

Should I keep XCP on counterwallet mid to long term? What recourse or precautions can I take if the site goes MIA?

For larger amounts the best way is to do Armory cold storage with transaction signing in Counterwallet, I think.

http://support.counterparty.io/support/solutions/articles/5000004858-cold-storage-of-counterparty-assets-btc-using-armory-