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XCP Weekly Update #10 - American Banker and Bitnation

Published on August 2nd, 2015 by Robert Ross


Weekly Update #10:

Robert Ross is a Counterparty Foundation Community Director and the Director of FoldingCoin Inc. Each week Robert and various guests will bring you the news of what has been going on in the Counterparty communities and also touching base on the other Bitcoin 2.0 communities. You can find a complete breakdown of everything discussed on this show by going to this XCPassets.org news blog or read the notes below.

I am happy to announce the ability for paid sponsorship’s. I accept any Counterparty Token that is on CoinMarketCap.com in addition to TOPFOLDER tokens, please click below

Thank you to Susanne Tempelhof from Bitnation for coming on the show. Also thank you to Chris DeRose and Joshua Unseth for their recap of the American Banking conference.

Please contact me rross@foldingcoin.net with any Counterparty projects you are working on with suggestions to feature them on the show. Or contact me if you would like assistance or advice on how you can create your project on the Counterparty platform. I may not be able to answer your question or help your project, but I will do my best to find the person who can.

If you are an independent artist and would like to hear your song on this show, please email me at rross@foldingcoin.net and we can arrange something. Thank you to Cyrus Youngman and the Kingfishers for the audio segways.

Thank you to Naomi van der Velde for the ending song “All about that Bitcoin” a cover of Meghan Trainor’s “All about that Bass”.

Please join in the discussions on the forums at letstalkbitcoin.com and counterpartytalk.org

All tips and donations for this podcast will be used to better the FoldingCoin Inc project.

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This show is not intended for investment advice.

Counterparty News:

  • Counterparty Foundation news updates are back and Storj / Counterparty community member Nicola Minichiello has been taking the reigns on writing these updates. You can find these updates at counterpartyfoundation.org

  • Ethereum has now officially launched its “Frontier” platform. A word from our Chief Scientist Adam Krellenstien regarding Smart Contracts, as it relates to the Ethereum Launch date What follows is an official statement from Adam Krellenstein, the lead developer of the counterparty project:
  1. “We’d like to give a quick update where things are at regarding offering the full Ethereum smart contracts functionality on Counterparty mainnet: Currently we’re in a bit of a holding pattern in finishing up the implementation, due to the fact that Ethereum itself is still under heavy testing and development, and its consensus system is still rather centralized. On top of this, the Ethereum Virtual Machine (EVM), which provides the execution environment for the smart contracts, is not ready for prime-time from both a security and maturity of features standpoint. Before we add the EVM into Counterparty mainnet, we’d like to see much more security testing around it, as putting an insecure and still-rapidly-evolving EVM implementation live into mainnet would have severe consequences to the existing Counterparty ecosystem. Once Ethereum’s own implementations are more mature, stable and tested (with at least a few formal security audits behind it), we will be able to complete the Counterparty implementation. At that point, porting it over to Counterparty should be very straightforward.”

Project of the Week:

  • The project of the week is Bitnation and we talk with the CEO and Founder Susanne Tempelhof

Project News:

  • Spells of Genesis moved their crowdsale until this upcoming Tuesday. In a segment from a full report on this move, the Spells of Genesis team stated the following:
  1. We have received a lot of support from different crypto communities that are enthusiast about Spells of Genesis and our BitCrystals Token Sale. By popular demand from the community, we understood how important it was for our supporters that we accept multiple cryptocurrencies during the Token Sale. In order to allow this, we have decided to partner with ShapeShift and Vanbex and switch to a different system.
  • Coinomi is a free secure lightweight open sourced universal HD wallet for Bitcoin and other Crypto-Currencies and describes itself as such on their website. They currently have and Android wallet with one for iOS coming soon. Under their adding coin section they mention that Counterparty could very well be added to this all in one wallet. From the website the following is stated:
  1. I have researched CounterParty support, the strategy is similar to the CounterWallet (web based): The server runs counterpartyd (instead of an electrum server) that connects to the bitcoind. The client connects to the server via web sockets to get the balance, past transactions, etc. To sent coins the client asks the server for a transaction template. It inspects the transaction for a sanity check (is the sending address the correct one?) and signs it as a usual Bitcoin transaction.

Sponsors and Shout Outs:

  • The Shout Out this week goes to Rippler on the Counterpartytalk.org forums. Rippler, also known by the username “something”, is the most active person on the Counterpartytalk forums. He has started the most topics at 175, he has given the most replies at 580, he has entered to most topics at 313, and has been on more days then anyone else at 135 active days. Rippler also completed the tasks of transferring every open support ticket topic from the old support system to the new one. He is also active on slack and has a very good understanding of how counterparty works. When folks ask questions he is almost always the very first person to answer, and on top of that he answers the questions well. Keep up the great work “something”, who ever you are.

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