Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
sparta_cuss
on 23/04/2014, 00:46:29 UTC
any other news ? Is LTBcoin and Permacredits gonna make waves like maidsafe ?

in my opinion no - this is an organically growing project - which is totally fine. https://www.counterparty.co/counterparty-founders-inside-bitcoins-hong-kong

there three reasons for the very low market cap: 1.) the widespread distribution and still relatively good prices to sell for burners. 2.) there is in fact not much use for the currency xcp until now (despite dividend function - I think this will change) 3.) uncertainty due to the discussion with bitcoin core developers.
 

Good list. I would add a 4th item: The assumption that there will be sidechains and that these will solve everyone's problems and make XCP irrelevant. Sidechains got quite a lot of press a few weeks back.

There are still significant problems with implementing sidechains, and there's still not even a whitepaper. Not all of the bitcoin core devs even support sidechains right now.