Quote from: Herp on March 17, 2014, 08:40:23 PM

Quote from: bitexch on March 17, 2014, 07:43:26 PM

Quote from: Herp on March 17, 2014, 07:38:00 PM

Quote from: bitexch on March 17, 2014, 07:29:00 PM

Counterparty vs. Mastercoin: I am invested in both, and I think the space is big enough that we don't have to pick sides. But calling Counterparty a "copycat" isn't a good criticism, since Mastercoin is open-source (which is very important!) and it's not really about who came up with the ideas first, but who is implementing them more quickly and effectively.

I agree it's very good that Mastercoin has institutional investors, but it's not only about how much money you have backing the project, it's also how many features you have, and Counterparty objectively has more features right now. Actually, you don't want the money to get too far ahead of the project, or else there will be a more drastic reaction if the project fails to make good on what it promises.

Calling Counterparty a "copycat" is calling it as it is. They've copied Mastercoin down to smallest details and Mastercoin's idea of using BTC blockchain.

I agree that space is big enough to allow for more competitors to emerge and competition is healthy.

Please name these specific features Counterparty has right now.

With Counterparty you can create assets, make bets and contracts for difference, and you can trade all assets, not only XCP and BTC, on the distributed exchange. According to Mastercoin's timeline, they only expect to have user-created assets by the end of Q2, and I don't know when they plan to have bets and contracts for difference implemented.

https://www.counterparty.co/faqs/how-do-i-issue-an-asset/ This is how you create an asset. Command prompt style. Not many will bother to use this for quite some time, trust me.

Also check their bounty list https://www.counterparty.co/wiki/bounties-2/ It's empty. They don't have any resources. No cash at hand, just a very small team of guys who bit more than they could chew.

Now go check Mastercoin's bounty list. It's overloaded with bounties many devs working at many different things at once not to mention the recently held hackathlon that will bring some very interesting apps to Mastercoin.

Mastercoin ecosystem is a luxurious exotic garden with many varieties while Counterparty pretty much resembles a desert wasteland. Some of the things in the works at the moment:

   Storj distributed dropbox

   Toroken incentivizing Tor relays

   SharedMiles (smiles) ride-sharing
   (This is also the team that won the Tel Aviv Hackathon)

   Coinvance bounty management for Bitcoin 2.0 workforces

   BlockAuth on-blockchain identify verification

   GoxCoin - purpose of which will be to help out MtGox users recover some of what they've lost.
   More here about GoxCoin http://www.humint.is/goxcoin/

I was not saying that Counterparty has more ideas in the works than Mastercoin does, but rather that you can do more with Counterparty today, than you will be able to do with Mastercoin for the next 3-6 months *according to Mastercoin's timeline*. I am not sure why you say the Counterparty devs have bitten off more than they could chew, since they're the ones who've implemented what so far Mastercoin has only talked about.

There are actually two Desktop GUIs for Counterparty: BoottleXCP and pyrpcwallet. pyrpcwallet is actually a lightweight wallet, so you don't have to download the entire blockchain.

What everyone is really excited for though is Counterwallet, a web wallet that looks really slick and will be available for testing this week. You can find screenshots here: https://www.dropbox.com/sh/738w1f3kgqik1za/ymr1VCWUv6 (and more info about Counterwallet here: https://forums.counterparty.co/index.php/topic,79.0.html.