Its definitely an interesting Proof Of Concept.

http://shitco.in/2016/10/09/rare-pepe-fomo-and-the-alt-pump-dump-cycle/
I've been a bit interested in Counterparty and this article makes some good points,
but its hard to know what to believe when someone tells you
"this one coin (XMR) is shit, let me tell you why this other coin (XCP) is way more amazing!"
That makes me almost certain that someone is pushing an agenda.