Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
Fernandez
on 24/03/2014, 10:49:46 UTC
Even with multisig neither Counterparty or Mastecoin need to be contributing to the UTXO set: just have one of the pubkeys be valid, with a secret key known to the user, and have their wallet software spend that txout the next time it needs to spend some money.

Well yes. That's why I don't understand the "utxo bloat" argument - at least not completely. Assuming each multisig recipient is counted as utxo and say for each redeemed XCP/MSC transaction a new one is spawned, then one could say the total amount of utxo is indeed increased due to the one or two additional multisig recipients. But a) is this the case? (I assume yes) and b) is this the case, if pubkeys are created in a way that they do not form a valid ECDSA point? Anything with a length between 33 and 65 byte seems to be accepted as recipient.

Redeeming multisig outputs is fun, by the way! Wink

If you don't get it completely, like 99% of the people on this thread, just let the big boys discuss about it, and keep it quiet instead of adding your uneducated 2 cents. Anyone else than PP, Xnova discussing with the core devs is just noise and adding more crap to the already existing confusion.

You are very precious, aren't you? Why are you even here? I thought you had dumped all and went to get some Ether.

Having 200 non technical people trying to protect their 2 burnt BTC insulting the BTC devs and adding their irrelevant 2 cents is the way to go, definitely.

Back to reality, no one from the core devs has been consulted, and they can get rid of the 'XCP parasite' in one commit if they want.

It was an interesting project, with talented devs, but the greed and overall retardness of the so called 'community' on top of the terrible lack of communication in general was the last nail in the coffin.

Time to dump until the news spreads, and move to something else. Thanks for the five folds profit. Hopefully Ether or whatever will make things right, control their community, and have a clear communication with all people involved.