Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin)

... I wonder if it is technically realistic? How would this solution actually be implemented?

Hard code into the next version, recognizing an address that PhantomPhreak controls as having a balance of 35,000 XCP on the first block. Then, PhantomPhreak sends this to busoni. I would think it could be a 1 liner, not too hard?

I would hope that, if this is done, we can also set a date for when this type of fix is permanently "off limits". Maybe 6-12 months from now. In other words, a date where we all agree it is no longer Alpha software, but Beta.

And secondly, raise a pool of funds (controlled by PhantomPhreak?) to have a security audit done by an outside party, before we declare the transition from Alpha to Beta. I would donate to this and I think many others would too.

That's completely defeating the purpose of PoB.

No it doesn't. Burning again doesn't defeat the purpose of burning, it just reestablishes value.

Quote

Not Going to Happen.

Busoni is still working a solution, wait for a proposal and then we'll start discussing for a compensation if someone is in the red.

It's in alpha, it is written in red in the first post, these kind of things were going to happen, and might happen again (with a lower probability now)

Personally I've traded a tiny part of my XCP on poloniex, because trading more than 2-3% of your holdings at this stage is foolish. If I lose them because of a bug in the alpha, a hack on an exchange, of whatever, I wouldn't complain.

Yeah, it is an alpha and written in red in the first post. One of the things that would happen is you might lose value in your holdings. So why are you complaining about it happening to you when it is an easy fix that would prove the quality of the community? You said yourself, it is OK to lose them due to a bug in the alpha.