Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
About the future value of XCP: could you just realize that nobody has a clue, please.
Anybody saying that he know is just trolling. Up or Down, same same.
Indeed an instant x100 is very unlikely.
We may even suffer a relative lost during the first week/month after-burn.
Yet MSC is valued at 60 million.
XCP despite it's alpha-stage and few bug has already more presently working functionality than it's concurrent.
Both may succeed, both may crash, one may succeed better than the other.
But if MSC is valued at 60 millions, theoretically there is nothing preventing XCP to reach 30/60/120 millions.
Just don't expect such valuation too fast.
It could happen in 4~6 month, it could happen in 1 month, or it could never happen.
Just as BTC itself could lose most of it's value if a really amazing innovation appear in 6 month.
I personally plan to hold my XCP a few month, and will not sell them at loses.
If I must way 6 month for that, then 6 month it will be.
Middle term I hope a very nice ROI, but it's gambling.
Are we done?
If a troller come trying to lower XCP credibility without quality argument, just ignore him.
Don't feed the troll.
Everyone can think for him/herself.
If you guys can't resist talking about that, open a dedicated topic for speculation.
Most here are not interested in the "tiny war" between metacoin.
Let's keep focusing on XCP testing and improvement in all field.
Obvious reminder:
Don't invest more than you can afford to lose.
Anybody saying that he know is just trolling. Up or Down, same same.
Indeed an instant x100 is very unlikely.
We may even suffer a relative lost during the first week/month after-burn.
Yet MSC is valued at 60 million.
XCP despite it's alpha-stage and few bug has already more presently working functionality than it's concurrent.
Both may succeed, both may crash, one may succeed better than the other.
But if MSC is valued at 60 millions, theoretically there is nothing preventing XCP to reach 30/60/120 millions.
Just don't expect such valuation too fast.
It could happen in 4~6 month, it could happen in 1 month, or it could never happen.
Just as BTC itself could lose most of it's value if a really amazing innovation appear in 6 month.
I personally plan to hold my XCP a few month, and will not sell them at loses.
If I must way 6 month for that, then 6 month it will be.
Middle term I hope a very nice ROI, but it's gambling.
Are we done?
If a troller come trying to lower XCP credibility without quality argument, just ignore him.
Don't feed the troll.
Everyone can think for him/herself.
If you guys can't resist talking about that, open a dedicated topic for speculation.
Most here are not interested in the "tiny war" between metacoin.
Let's keep focusing on XCP testing and improvement in all field.
Obvious reminder:
Don't invest more than you can afford to lose.
Hope everyone who have invest to making fast money have also remember make small donations for XCP project...
Developers: PhantomPhreak, xnova (Bitcointalk usernames)
BTC and XCP donations: 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs
If donate to quoted post, remember look address is right from first orginal post
This is the best advice you can give someone to secure thier investment. If you're the type of person who can sink 10+ BTC into this project you should be willing to give a few BTC to allow development to speed up, otherwise you might not get the x100 gains you're hoping for.
Also, I think there should be a significant fee for asset issuances, otherwise we'll get spammed with "parked" assets from people who just want to reserve nice names.
The problem with having fees for asset issuances is finding a way to keep them floating. Any fixed fee we would pick now would be too high, and then too low, if Counterparty scales as I hope it does. If anyone has a suggestion for a fee schedule that will scale well, I'd love to hear it.
The current system does allow for the transference of asset ownership, so valuable names may indeed be sold for their market value when appropriate.
If we use a fee then you have to do some really trivial up front fee and then have a renewal fee after the expiration date which is a bit larger than the up front fee. If there are no fees at all you will have spam and hoarding. If there is no expiration date at all you end up with the same problems. We will have to find a creative solution.
If the asset is valuable at all then they should have the means to pay the fee. Honestly though this is a difficult problem and I see no way around it. There must be a fee to assign value to any object. So if a name is of value then it must have a cost associated to reflect it's value. Anything in the system must have a way of assigning value to it so how exactly else would you do it if not by a fee?