Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
I love the counterparty project but I think Overstock and others went for colored coin because
1) They have a working wallet which is stable. Counterwallet is unstable for me
2) Colored Coin can be stored on Trezor. People want a safe way to store large amount of money!
3) There is no intermediary coin with Colored coins
4) Nasdaq will use Open Assets
I don't think much need to be done for restoring trust in XCP but the minimum is a "working" wallet + Trezor and and an efficient decentralized exchange
Good Luck guys
1) They have a working wallet which is stable. Counterwallet is unstable for me
2) Colored Coin can be stored on Trezor. People want a safe way to store large amount of money!
3) There is no intermediary coin with Colored coins
4) Nasdaq will use Open Assets
I don't think much need to be done for restoring trust in XCP but the minimum is a "working" wallet + Trezor and and an efficient decentralized exchange
Good Luck guys
1) What is a stable wallet? Counterwallet is one is it not?
2) righr , that's a good point; however counterparty and counterwallet supports multisig. I think they may also be support ledger wallet in the future.. They have certainly been in discussions with the devs there..ledger is another hardware wallet, that has suffered less problems than trezor
3) you don't need any intermediary coin to register assets in counterparty either...xcp cost is for anti spam and advanced features colored coins could not recreate.
4) no wonder since they can centralize some components and keep control by using colored coins. As well as earning fees by routing tx and tracking assets
Coinprism is based on the Open Assets Protocol.
Colored coins
Uses the Bitcoin blockchain
Uses no intermediate currency
http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/
Colored coins
Uses the Bitcoin blockchain
Uses no intermediate currency
http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/
Biased, intentionally crafted comparison table by coinprism devs to represent their developments in the best possible way whilst throwing the others under the bus. They have been message about incorrect information but refused to update it.
the following entries for example
Quote
Send to multisig address, Native Android Wallet, Other platforms , Open source, Support for unconfirmed transactions , Asset icon , Associate contract with asset, Proof of authenticity , Send assets to multiple recipients.
are ALL marked as an X in the counterparty table column (ie they claim counterparty does not support any of those features) when in fact the platform supports every one of those.
only coinprism open source? seriously?.. That's just negligent. They have purposefully left of a bunch of argument points that would paint coinprism in a less positive light an
e.g open assets doesn't support true spv, requires use of either a centralized asset tracking server or running your own server, does not allow locking of assets (their genius solution is to delete the private key
), not compatible with vanilla bitcoin addresses, stores certain data in centralized manner, (they try and somehow push this as a benefit ) DOES NOT HAVE DECENTRALIZED EXCHANGE FUNCTIONALITY, unwieldy tracking of complex colors, opens gates for asset tracking gateways to monetize transactions - their business model (and likely some reasons nasdaq chose it ) Counterparty has at least:
* the same functionality as colored coins (it costs 0 XCP to create an asset, only bitcoin is required)
* decentralized asset trading with automatic order matching <-- this is the reason we're here...
* assets that can pay distributions (dividends)
* assets can be customized (divisibility, callback, locked or issueable, total amount, description)
* peer-to-peer betting
* broadcasts
* contracts for difference
* smart contracts