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XCP Weekly Update #11 - Old ideas, New Methods

Published on August 9th, 2015 by pooktwo

This weeks episode is sponsored by Coindaddy – a crypto 2.0 services company that makes blockchain technologies easier to understand and use.

Weekly Update #11:

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.

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 Chris DeRose and Joshua Unseth for the chit-chat recap of the week. I am looking into finding a permalink so you can simply click here to join the chit chat (an admin setting in the channel needs to change), but in the meantime please tweet @derosetech and he will grant you access.

Please contact me [email protected] 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 [email protected] and we can arrange something. Thank you to Cyrus Youngman and the Kingfishers for the audio segways.

Thank you to

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.


This show is not intended for investment advice.

Counterparty News:

  • XCPassets has drastically changed. The front page has been replaced with a news feed from every Counterparty project that has an RSS feed. As I find more they will be added, but it is nice to have every blog such as Tokenly or Storj available in one location. Also the front page has quick easy links to wallets, explorers, exchanges, top tokens, and more. There is also a newly redone classfieds section in which anyone can post a task in without the need to sign up for the website. The goal here is to have one place in which project developers can post various tasks that need to be done for their projects. This does not need to be limited to coding, but also social media or forum help. The goal of XCPassets is to basically provide links to everything you would need to know about the counterparty community, to find out more please visit XCPassets.org or if you have an RSS feed that I am missing for your project please email me [email protected] and I will add them right away.
  • A new counterparty community member was asking about the "call-back" ability not being enabled for counterparty anymore as it is stated in the official documents. As a reminder to everyone, call-backs are no longer available, the documents have just not yet been updated. User something on the forums gave this response:

The only way to buy back is to announce buybacks using traditional media, eg use Enhanced Asset Info which is show on Coindaddy and Blockscan to announce a link to buyback schedule or URL with more info. You could also create a "buy wall" using Coindaddy's vending machine, where you could buy back no questions asked.

  • Recently I started to update the Counterparty Wikipedia page as it was outdated and did not have that much information. I plan on slowly adding more information to it as I get the time, but I would love the help of the community to help in building a great wikipedia page so new users can get the information they need. Also a wiki page for each major asset would be nice, naturally I will be working on the FoldingCoin one first.
  • Recently a fake twitter account posing as Cryptsy has been making the rounds asking various coin communities to pay 1 BTC to have their coin added to Cryptsy. BigVern from Cryptsy responded by stating that Cryptsy never asks for BTC to host your coin. If you are a token developer and get this message please do not buy into it, as not only does Cryptsy not accept BTC to host your token, but also Cryptsy does not yet have Counterparty trading integration into their exchange. Always be sure to read into any offer before giving someone money to avoid getting scammed.
  • XCP recently had large buy and sell orders on the exchanges causing the price to jump up to highs of over $3 at one point on Wednesday. At the time of writing the price has settled back down to around $1.75. Many speculate that this price run up was due to the recent Symbiont news.
  • Symbiont has released a new blog about the mysterious block 368,396 which was the very first Bitcoin blockchain security block. In the article written by Evan Wagner, the following is stated:

Symbiont on Tuesday morning digitized and published several of its equity investments to the blockchain, which drives the bitcoin digital currency. That means the stakes will forever be part of that public record, allowing dividend payments or stock-option conversions to happen automatically. Symbiont’s innovation is creating what it calls smart securities. The company is now practicing what it preaches: its founders’ stakes as well as shares and options granted to employees have been converted into encrypted code that lives in the bitcoin blockchain — the same ledger where any purchases and sales of the digital currency are recorded. Symbiont customers can do likewise to track changes in ownership interests.

A discussion is going on at the Counterpartytalk forums

Project of the Week:

  • The project of the week this week is

Project News:

  • The Tokenly Tend machine just got USD price integration for tokens that have exchange rates. This means you can sell a good or service for a USD amount of LTBCOIN, FLDC, SJCX, and many more. This will also allow the FoldingCoin shop to give the users the ability to post their very own items for sale very soon. By the next XCP weekly update something should be ready.
  • FoldingCoin had a price increase to over 100 satoshis on Wednesday and has since settled back down at around 45 satoshis at the time of writing. 45 satoshis is still about 50% higher then FLDC was at before the run up.
  • Spells of Genesis raised 100% of the funding they require to build SOG yesterday. They raised 730 BTC in 5 days which is very impressive for a crowdsale. But don't worry you havent missed out, you can still partake in the crowdsale as SOG will continue to sell off BITCRYSTALS and other tokens to you for investing. Raising more money is all bonus, they have what they need to develop, but if they raise more they can do more. If you would like to invest but have not yet, please visit Bitcrystals.com
  • Speaking of SOG, I am proud to say that I have created the very first non-official SOG token. Actually multiple tokens representing mana. They are being sold at Coindaddy's Coinvend service. One of the great things about Spells of Genesis is that they encourage the public to make their own extensions to the trading card game. As a 15 year Magic the Gathering player one thing that I know is important in card games is mana, also known as land. Mana is not very expensive or rare, but it is crucial to many trading card games. Decks usually are around 33% mana when building them. Since this will undoubtedly be a need for many third party games, I have created every kind of mana colors normally used in trading card games. The point here isn't to make money, but to get everyone the mana they need for the game. The rate for all the mana tokens will be 10,000 for every $1 you send. This will get you plenty of mana to use on many many decks. The tokens will never be locked and I will fill them as needed. Remember, mana is just fuel to play actual cards in game, the mana itself is not very valuable. All money raised here will be donated to the Counterparty Foundation. Remember, these tokens are not used in SOG or any game right now for that matter, but if someone is to develop a side game for SOG that uses mana, the hopes is they would use these tokens as the names of the tokens are the color mana in which they represent.
  • There are two new Tokens on the Counterparty protocol this week that have been added to XCPassets and they are SHUMAI and CNPCOIN. Both of these XCP tokens have taken a page from the LTBCOIN playbook and are issuing their own respective coins as "proof of participation" tokens for their blogging sites. The blogs are in Japanese but have the Google translation availability so you can kind of read them if you speak a different language. Both Tokens also have a collaboration card for the Spells of Genesis game in which you can buy the cards for SHUMAI, CNPCOIN, or BTC.
  • An article on Cryptocoinsnews titled: "The willing Guinea Pig" featured an interview with Tatiana Moroz about the benefits of the artist token and the current struggles of the music industry. In that article Tatiana is quoted as saying the following:

Overall, I think the block chain can bring fans and artists closer together, as well as save the artists money on administrative expenses, freeing resources for making more music. In the future, I would love to be able to incentivize my fans to share my music on social media by rewarding them with Tatiana Coin. Throughout history, music, and the arts have been a way of speaking for the people. Artists can influence culture and show the truth in a way that can’t be said by people in other professions. Artist tokens seem to be the most accessible way to involve the creative community with Bitcoin.

Sponsors and Shout Outs:

  • This weeks episode is brought to you by Coindaddy, a crypto 2.0 services company that makes blockchain technologies easier to understand and use. Coindaddy's goal is to help users understand the power of blockchain technologies and provide tools to help them use it today to benefit their lives. So far Coindaddy has a block explorer, a token registration process, a token escrow service, token JSON services, a counterwallet server, and most recently a vending machine service. By logging into Coindaddy you will have access to these great services for either free or for a reasonable price. The main developer at Coindaddy known as J-Dog has been an exceptional member of the Counterparty community continuing to solve the needs of many XCP users. There is a great article on Cointelegraph highlighting the new Coinvend service, so check it out.
  • This weeks shout out goes to James Sewell, lead developer of FoldingCoin. I meet James just a couple days after posting the original announcement thread for FoldingCoin on the LTB forums and he has been a crucial part of the project ever since as every single line of code we have has been written by him and he has also shown great strengths in decision making for the direction of the project. Without his abilities and dedication FoldingCoin would have not made it this far and the FoldingCoin community is forever grateful for his dedication to the project. Recently James contributed his coding skills to helping write the price integration code on the Tokenly Tend service so we could use it on our FoldingCoin shop. Thanks James!

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