Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
fractastical
on 28/06/2014, 10:40:05 UTC


Thinking out loud here, but is there any chance of getting a BTC proxy token that is tradable. My ideal token would be composed of the amount of XCP that corresponds to a single BTC. This means I would effectively be trading XCP but I would not have to think about the value of XCP, I could still price everything in BTC.  

I say this because as I see it one of the main issues right now with the decentralized exchange is the additional mental cost of calculating things in XCP as opposed to BTC.


I am not sure exactly what you are asking for, but will XBTC do the trick? It serves as a BTC proxy. Unfortunately, it's not a part of the Counterparty core.
See what you think.

https://forums.counterparty.co/index.php/topic,404.msg2683.html#msg2683

I know what XBTC is but it doesn't work since it's not trustless and you actually have to convert to XBTC. Much better would be a sort of wrapper around XCP that you could use immediately. We really need a vending machine that has 1 confirmation BTC -> XCP so that people near immediately get a tradable token and a super easy UI so they can easily trade it.