Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
PhantomPhreak
on 13/03/2014, 21:57:33 UTC

At some point they should probably be given an option to pay for issuance (before block xx) or relinquish asset rights ~

I believe that I brought this idea of subscription fees for the asset in discussion previously here: https://forums.counterparty.co/index.php/topic,150.0.html

I am not sure what the devs have decided, but the recommendation by Global_trade_Repo and by GLaDOS were very helpful.

It's my view that asset issuance will be hobbled by this 5XCP price and this will also depress the value of XCP as companies cannot build quickly enough on the platform.

This is a fine idea, but with such things the devil is realyl in the details. It's very important to keep the Counterparty protocol as simple as possible... especially at this stage, when people are not using the existing functionality anywhere near as much as they could. The network has a great potential to scale, and we have to avoid hard-coded values, fees, etc. wherever possible. Worse is better.