Quote from: PhantomPhreak on February 03, 2014, 12:11:48 AM

Quote from: Bitye West on February 02, 2014, 11:57:40 PM

Quote from: jimhsu on February 02, 2014, 11:55:24 PM

Install bitcoin, install the counterparty client, place an order:

C:\counterpartyd>python counterpartyd.py order
usage: counterpartyd order [-h] --from SOURCE --get-quantity GET_QUANTITY
--get-asset GET_ASSET --give-quantity GIVE_QUANTITY
--give-asset GIVE_ASSET --expiration EXPIRATION
[--fee_required FEE_REQUIRED]
[--fee_provided FEE_PROVIDED]

GET_ASSET would be XCP and GIVE_ASSET would be BTC if buying XCP. Expiration is in blocks.

Submit, and wait for an order match. Then use btcpay to pay for the order.

There, completely trustless and decentralized.

The asset "BTC" is just an asset name though right?

These aren't actual Bitcoins you're buying then. You would be buying an asset named "BTC" in the Counterparty system?

Quote from: buybitcoinscanada on February 03, 2014, 12:00:33 AM

Quote from: jimhsu on February 02, 2014, 11:55:24 PM

Install bitcoin, install the counterparty client, place an order:

C:\counterpartyd>python counterpartyd.py order
usage: counterpartyd order [-h] --from SOURCE --get-quantity GET_QUANTITY
--get-asset GET_ASSET --give-quantity GIVE_QUANTITY
--give-asset GIVE_ASSET --expiration EXPIRATION
[--fee_required FEE_REQUIRED]
[--fee_provided FEE_PROVIDED]

GET_ASSET would be XCP and GIVE_ASSET would be BTC if buying XCP. Expiration is in blocks.

Submit, and wait for an order match. Then use btcpay to pay for the order.

There, completely trustless and decentralized.

You are just buying an asset named bitcoin. With the mastercoin implementation you are actually exchanging btc for msc.

So xcp has an asset exchange, not a Dex.

Counterparty trades actual bitcoins ('BTC') for XCP, and it has a much better order matching system.

Damn that's crazy.

Mastercoin is offering a 300 BTC bounty for such a feature, and it still isn't fully implemented.

PhantomPhreak = 2nd coming of Satoshi?