Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
PhantomPhreak
on 18/06/2014, 15:00:36 UTC
Thanks for your answer.

1/ With 0.5 XCP for each assets, it needs 40 000 assets and many years to gain 1% value...
Let's eventually forget this point, all of us !

2/ There is no such word as "impatience" when investing. You compare investments and determine best buy, and when.
We can't interest people with 1% gain in 5 years. Sorry to be profit-driven, but if community doesn't want profits with XCP, it is just entertainment or philanthropy. And 90 % less people, money and projects. Speculation is not greed. It means "foresee", that's all.

Let's say : If I can convince Apple to use Counterparty next week, will XCP price explode ? We hope so but answer is NO, .
Worst :
- For every other coin, it would be yes
- And Apple wouldn't be really satisfied because there is no investor, no hype, no user anyway.

Why and how precisely XCP can and will gain value ? From my point of view, there is no incitative to invest now. The consensus is "I can buy later at the same price, or hardly more" or "little gain to expect compared to others investments".

And we should not be naive : investors will choose competitors and others altcoins instead. And they ultimately prefer using coins in which they invested, so it is twice loss.

I am not the first, nor last to ask and to be fed up with answers like : "someday when everybody uses bitcoin perhaps".
We must list precisely why and how XCP can gain value (I have no idea now, just faith). I am sure, with such a technology, there are hidden points we won't figure out until we list it together. It is a 100 M$ list from my point of view.

Some reasons why XCP has value:

1) Trading with XCP on the distributed exchange is (and always will be) cheaper and faster than with BTC.

2) You can use only XCP for making bets, CFDs and asset callbacks. Forthcoming complex features and financial instruments will also likely be restricted to denomination in XCP.

3) All future proof-of-stake voting, e.g. for protocol changes, voting functionality, DACs, etc. will be determined by XCP holdings.

XCP is the native currency of Counterparty and its sole first-class citizen. If the Counterparty protocol has great value (as I'm sure that it does), then so does XCP.