Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
Thank you for all of the replies. Yes, I came away with the same general consensus as you all seem to present. I wanted to ask the questions straight though so as not to influence the outcome.
Yes, FinCen could be a problem for the coin space depending on a million factors. It would probably be best to just wait for November 4th to see what kind of gems are announced. I am still confused on "6 companies in BTC to be handed enforcement actions" and what that means precisely, but I suppose we will all know soon enough.
Anyway, thank you again. And if anyone has any other insights on using the XCP system to bring out a coin (token), it would be much appreciated. It does seem to be a great option and more attractive than say, Ripple or NEXT (or at least it appears that way thus far). Let's hope FinCen is kind!
Yes, FinCen could be a problem for the coin space depending on a million factors. It would probably be best to just wait for November 4th to see what kind of gems are announced. I am still confused on "6 companies in BTC to be handed enforcement actions" and what that means precisely, but I suppose we will all know soon enough.
Anyway, thank you again. And if anyone has any other insights on using the XCP system to bring out a coin (token), it would be much appreciated. It does seem to be a great option and more attractive than say, Ripple or NEXT (or at least it appears that way thus far). Let's hope FinCen is kind!
Joel from Swarm created a document that compiled many of the answers he found in his search a few months ago. Even in that short a time, much has probably changed, but that document is probably still going to be of at least some value to you. Swarm has a thread here on BCT that may have a link to the Google document. If there is no link, just PM the OP of the Swarm thread and that will be Joel. He'll be able to send you a link. Joel may be able to provide additional insight as well, since Swarm is in the business of launching coins and such.
By the way, Overstock hired lawyers and anticipated regulation for Counterparty / Medici. One step ahead.