Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
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.
Sorry, but it's true.
The BTC fee isn't burned though, it goes directly to J.R. Willett.
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.
P.S. Your point is actually exactly the same I have been trying to make. Mastercoin was made to pump its own value artificially and make MSC holders rich at the expense of others. Just because Counterparty isn't fuelled and motivated by greed, does not mean it doesn't have inherent value.
Satoshi didn't create Bitcoin to get rich, and Counterparty devs did not create XCP to get rich. They want to make the ecosystem healthier and a better place, not run a get rich quick scheme..... There's enough pump and dumps around if you want to focus on that...