Quote from: Bitye West on February 03, 2014, 09:10:55 AM

Quote from: empoweoqwj on February 03, 2014, 08:46:13 AM

Quote from: Bitye West on February 03, 2014, 08:39:09 AM

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange. Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

The exchange itself is a decentralized protocol built on the Bitcoin blockchain, so nobody has to run it.

I don't think Counterparty can disappear as long as the Bitcoin Blockchain doesn't disappear.

I'm synching up my bitcoin-qt blockchain right now, installing the Counterparty client and testing its features.

There have already been a few decentralized, trustless trades of BTC and XCP completed:
http://blockscan.com/order.aspx?p=0

You still have to trust the asset issuer, just not the exchange itself.

It would be awesome if Asicminer transfer over to a Counterparty. It would solve so many headaches like dealing with direct share transfers or unreliable centralized exchanges.

EDIT: BitThink summed it up better than I did^^

Thanks.

Just needs to wait until it's more mature and there's a user friendly web client, suppose to be released soon.