1)https://github.com/bitcoin/bitcoin/commit/41076aad0cbdfa4c4cf376e345114a5c29086f81
seems OP_ CHECKLOCKTIMEVERIFY merging into mainline
Although serial Counterparty disparager Flavien "coinprism" charlon
suggests counterparty cannot benefit from this, I think he may be mistaken. Can anyone chime in to suggest otherwise?
Sounds very interesting. I'd like to know too.
Counterparty doesn't benefit from the introduction of `OP_CHECKLOCKTIMEVERIFY`, but you can easily code identical (or much greater) functionality into Counterparty smart contracts. Counterparty already has infinitely more features than Colored Coins could ever have, because Colored Coins is just Bitcoin + tokens. To add a feature to Colored Coins, you have to fork Bitcoin itself; to add a feature to Counterparty, you just have to write it up and send it out.
Thank you for your answer. I am a layman so my understanding is not the best, but I was under the impression Counterparty might be able to use atomic cross chain swaps.. a variation on something like:
http://upcoder.com/11/atomic-cross-chain-exchange/http://www.coincer.org/2015/02/03/atomic-protocol-2/http://www.coincer.org/2015/01/27/atomic-protocol-1/http://www.coincer.org/2015/02/06/atomic-protocol-3-final/along with bitcoin's integration of CLTV to handle BTCpays (escrow+refunds) securely.
this project below seems not too dissimilar to counterparty and takes an approach to exchanging btc to swapbill in a decentralized way in a way that awards collateral backers should an unbacked seller default on payment of the host currency (Btc) to avoid trolling
https://github.com/crispweed/swapbill http://swapbill.readthedocs.org/en/latest/example/backedsell.html I know similar things has been discussed herehttps://counterpartytalk.org/t/dex-anti-trolling-proposal/91/44
Is it really not possible to bake something like this into the protocol? Basically I'm wondering if it's possible for counterparty to ever support trading BTC again?