Quote from: mtbitcoin on March 02, 2014, 12:22:51 PM

Quote from: RoxxR on March 02, 2014, 09:02:02 AM

Quote from: 520Bit on February 03, 2014, 12:58:14 AM

Great, the burn period is over now. It is funny, the last burn is also an advertisement.
https://blockchain.info/tx/4560d0e3d04927108b615ab106040489aca9c4aceedcf69d2b71f63b3139c7ae

Totally burned BTC: 2,130.83722537 BTC
Totally created XCP: 2,648,755.9218 XCP

As the developer mentioned: Try out the distributed exchange if you missed this period.

Sorry if this is a dumb question, but how come blockscan now says:
Total XCP Supply: 2,648,735.92

Why the 20 XCP difference?

The difference is from the Asset Issuance fees.

From what I understand it was supposed to be 5 XCP per asset issuance but there was a bug in the calculation (which I already reported very much earlier) which only deducted the divisible amount instead of a full 5 XCP.

This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty.

I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new