Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
Really? Satoshi didn't create BTC to get rich? Have you asked him why he hasn't distributed to charity the 1 million or so btc he mined?
As far as I know, none of Satoshis funds have been moved. This ensures the safety of the value of Bitcoin. If the 1 million started moving, faith in Bitcoin would be destroyed.
you probably don't get that and that is why xcp will continue to devalue relative to btc. (hey if i am wrong i have a shit ton of xcp 
) currently the only inherent value is attached to the issuance fee... oh those greedy developers making people pay a fee.
) currently the only inherent value is attached to the issuance fee... oh those greedy developers making people pay a fee.That the only value is attached to the issuance fee is absolutely false .
First of all the XCP fee is destroyed, and not sent to anyone. The inherent value is that it's 700% faster, easier, and cheaper to use for Counterparty features than BTC. It's necessary for many Counterparty features. Phantomphreak already addressed this several times in this thread.
Counterparty started out fair in every aspect, including letting people use Bitcoin without restriction. This establishes XCP with its legitimate starting value.
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.
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.
P.S.
Please explain how artificially limiting the features of an open-source protocol is a 'rational economic decision'. If enough people use it, then enough people will implement a different solution which will result in a flash-crash because of the artificial limitations. Is that rational? No, it's called a pump and dump.
Look at the post above mine for a good explanation of why Counterparty has legitimate instead of artificial value. This is the reason why I listed my assets on Counterparty, and only Counterparty. Bitcoin is money for a free market. Counterparty is the market for a free society.