Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
prophetx
on 27/06/2014, 11:09:22 UTC
As you can see from the post just above this, there is a reason for a comparison style chart and really the effort should go beyond that into more detailed comparisons of each project, including usability.

Competition is a sign of a market maturing and I personally can't wait for a little more of it. Competition has moved the 2.0 space forward dramatically already and it will continue to do so in the future. It's important that people have a number of platforms to choose from so that they can work through their decision making process and choose whatever solution is best for their needs.

You should probably also mention the following:

  • NXT only supports trading between NXT and assets, not assets with assets. Counterparty supports trading between Bitcoin, assets, and XCP
  • Mastercoin requires you to send a small amount of BTC to the founder every time you use its features. They claim this is necessary, but Counterparty doesn't do it.
  • Mastercoin will charge 0.3% for trading Bitcoin as well as user-created assets. Counterparty does not.

There are a number of other fields that could be added. This is a simple list that focuses on functionality and forgoes any discussion of model choices (with the exception of "is this project built on Bitcoin"). I'll hand it off to the Counterparty Founders and you guys to do what you want with it. My hope is that it can be added to Counterparty.co/comparison so that it's easy to link to and can be updated as time goes on.


i dont recall that the 0.3% is taken on btc trades, only meta coin trades. then the msc fee is burned which lowers the total supply of msc.

and as a holder of coins from both projects i would hope that the xcp community realize that if all the features of something are free to use there is no underlying value for it.  it is good that there at least is a small fee for issuing currencies on xcp...

bitcoin has mining fee and a transaction subsidy which is essentially a tax on current holders as the currency inflates.  obviously xcp or msc cannot be mined but there needs to be some cost imposed so people don't just leech from the work others do.

satoshi smartly designed a pretty damn good economic model to provide compensation for mining work and development work is tied to that as the more tx that can pushed to the blockchain the higher the value of BTC. it is not perfected yet as there is some of a disconnect between core dev's and miners but it works somewhat as we can see from the price of BTC.

i don't see a well thought out economic model for xcp.  don't take offense guys, we all have met in person, but this part needs to be boned up a lot if you all are going to be able to eat.

maybe there should be a vote on this issue...