Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
So you would send me the Gold via post mail. Did I get that right?
How do I know that you have the gold?
And you also provide a BTC/1ozGold price feed? What data is that feed based on exactly?
Answer1:
We don't send you the gold. Our system is setup that gold goes directly from the gold seller to the custodian. We never touch your gold.
Answer 2:
With our special custody agreement, you can conduct an independent audit on the gold in custody. Again, we never touch your gold. It's in professional, bonded, insured, guarded custody.
Answer 3:
We will provide a feed on spot gold. I just need to figure out how to do that on Counterparty, but it's not a blocker to trading your gold coin on the DEX.
EDIT: Super Thanks for these questions, l4p7. I will add them to our FAQ right now.
You are welcome. This is a good practical application to understand Counterparty
What advantage (fees?) do you have from doing this service?
Is there some kidn of trust rating within Counterparty? So that if you come up with a silver Trust in 2015, how do I know that this issuer is actually the BitcoinTangible guy that issues the XGold in a trustful manner since Spring 2014? Some kind of private key authentication?
Further feedback: Apply high industry standards: (More) professional website, publish independent audits from a industry standard audit company frequently on your website.
Edit: And I would remove the big BUY NOW buttons that are twice on the homepage, one right below the other one
Looks scamy (subtext: Buy fast (give us your money) without us explaining you first how it works and what the service is). A "buy now" button should be subtle but visible and not twice right next to each other! Other than that, a great service! 