Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
Alias
on 29/01/2014, 11:23:13 UTC
I'd appreciate someone answering the following 3 questions:

1) In the XCP blockscan balances the highest address has 6000+ XCP. How is it possible if there can be no more than 1BTC per address burned and the maximum reward was 1500XCP per 1BTC?

2) As to the burn instructions using blockchain.info: just to make sure I understood: say I want to burn 1BTC- is it recommended to open a brand new address with 1BTC and send to the XCP address? and than minus the fee the actual burn will be 0.999BTC for whatever XCP?

3) Lastly, what happens after the last block is burned? will the XCP balances sent to the address from which the BTC came? (I understand that it is the same as BTC as far as the blockchain.info is concerned? in other words-- how will an ïnvestor receive his XCP?

Thank you in advance. 



[1] One can send XCP now, so the individuals with more than 1500+ just consolidated multiple burns into one address.
[2] That's true. If you want to burn the full 1BTC you should start with an address with 1.0001 BTC. Then send the 1 BTC (plus the 0.0001 miners fee) to the address - 1CounterpartyXXXXXXXXXXXXXXXUWLpVr. Just take your time and follow the instructions exactly.
[3] The XCP are almost immediately attributed to the BTC addresses from which they came. The individuals in point [1] have already received their XCP and are sending/spending them already.