Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
xnova
on 27/03/2014, 12:58:50 UTC
Can anyone tell me what happened in the last three days here? Any reason for the recent little price drop?  
What about something like this http://www.nxtcoins.nl/50-2/ for Counterparty?

And another, more general question regarding the DEX: Can I atm only trade BTC to XCP on there or more? Let's say n the future there will be more con (LTC for example) can I then, after I bought LTC with BTC on the DEX, withdraw those LTC into my LTC wallet? 

You have at least one working eye, an internet connection, and you can hopefully click on the pages on top. People are so lazy nowadays, incredible.

What about requiring the issuer to put collateral (xcp) into the system. For example: I issue LTC within Counterparty and have to put up xcp worth the amount of LTC that is bought from me. This would make the system more safe/reliable and boost the demand for xcp. 

The Counterparty distributed exchange doesn't work with blockchain-based currencies other than the one it is built on (Bitcoin). The reason for this is that it would necessitate enhancing all of the software to download and integrate with the additional blockchain and daemon (e.g. litecoin and litecoind). Moreover, the security of the Counterparty network as a whole would be only as strong as the weakest chain, if XCP were free to "float" across chains in some way. The implementation complexity would also rise greatly, and it would significantly enhance the complexity of the Counterwallet UI. At this point at least, the tradeoffs here seem not worth the benefits (however this may change in the future). Our first concerns with Counterparty are security and simplicity of implementation, and the latter highly influences the rate of development that we have been able to deliver at thus far.

On the DEx you can trade Counterparty user-defined assets. This is an emerging area, and I can tell you, that by the end of the year, this will be exponentially more useful than it seems now.