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XCP Weekly Update #4 with Robert Ross

Published on June 21st, 2015 by pooktwo

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.

Thank you to Anthem Blanchard, CEO of AnthemVault for discussing the Counterparty asset XHYK and JP Janseen, a Counterparty Community member for discussing his project xcp.pw

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 and ending song. To tip the band please send any XCP asset or BTC to:


All tips and donations for this podcast will be used to better the FoldingCoin Inc project. This show is not intended for investment advice. Tip this show:


Counterparty News:

  • Symbiont has released a new and exciting post on their website with the following opening statement:

Symbiont is planning to issue its first private equity shares as smart securities on the bitcoin blockchain next month with a view to demonstrating its capabilities to financial institutions interested in programmable securities that are stored on a cryptographic distributed ledger called a blockchain. Beyond the demonstration, the company aims to offer a service based on its Smart Securities technology platform that will allow institutions to issue, trade and process instruments cost-efficiently and securely in a global and distributed peer-to-peer financial network.

  • Shitco.in is a blog based site in which articles are written about various cryptocurrency news and events. Recently they featured an article and talked in the beginning of the article about how many altcoins in the space are virtually dump coins that are sold to new comers or speculators in the crypto space. But in the second half of this article, they suggest that XCP would be an altcoin you should invest in. Here is a segment from the article:

It’s pretty clear, with the XCP price near all time lows the last few months, that anyone who believes in the Counterparty technology should have been taking advantage of the sale. With a $1.25m seed round from very prominent investors, and a Series A coming in Q3 (estimated), Symbiont has plenty of funding and backing to pursue a variety of Counterparty based projects. The XCP all time high spike was caused by the Medici news, which was far less significant than the recent news regarding Symbiont, and the relationship they have with Counterparty. Granted, that ATH spike was definitely attributed to some FOMO from the simultaneous BTC bubble, we see at least some upward movement from here. We don’t have a target, don’t care to make one, aren’t investment advisers and don’t give investment advice. By the way, can someone please make a decent charting website for XCP? Disclaimer: We are long XCP. While everyone was out chasing unicorn dust in alts, we have been accumulating XCP.

  • Community Director Chris DeRose now has a green screen for his very entertaining and educational YouTube videos. I really cannot wait to see the fun he has with that. Go check out his YouTube channel and give him a follow.

Asset of the Week:

FoldingCoin Update:

  • FoldingCoin has been moving along nicely with the online XCP marketplace we are developing. All signs point to the fact that we should be ready with a beta that will allow you to purchase items from select vendors by July 5th. But soon afterwards we will incorporate various features such as the ability for users to post items, auction system, user feedback system, and other exciting features.

  • The crypto Minecraft server being developed by some undisclosed gamers is underway. At this time I cannot disclose many details about it other then the people helping to develop this are established and that FLDC and other Counterparty assets will be used in the game. This is a long term project that may not be released until a much later date, but I am very excited to see this process begin. In the next few weeks once this is more established, I would like to bring on these gamers to the show to discuss how they are going about creating this FLDC based minecraft server.

Project News:

  • None this week

Asset News:

  • Spells of Genesis continues to have tons of articles being written about their upcoming game and integration with Counterparty assets. The following are the newest articles available about the game:
  1. Bitcoinist Article
  2. NewsBTC Article
  • Spells of Genesis was running a twitter give away for 3,125 BITCRYSTALS for the best SOGmeme that anyone could submit. The promotion is now over and Spells of Genesis will announce the winner tomorrow.

  • GetGems has released their development update #12 in which tons of new exciting features and updates to the GetGems app have been announced. There are to many to go over in this podcast so I suggest you read over the blog post covering this new update. To pick one feature out of the list, GetGems now has a two factor authentication process for enhanced security, but there are tons of other features you need to check out. Also as a continued friendly reminder, please withdraw all of your GEMZ in your koinify wallet a soon as possible.

  • Chris DeRose interviewed GetGems Founder Daniel Peled

  • WoodShares has released a report on their website that covers a few new updates. In the google docs, its stated:

  1. WoodShares raised 3.99 BTC in a SWARM crowdsale
  2. You can purchase WOODSHARES on MasterXchange and the DEX
  3. Quoted from the doc: "We keep looking for the best choice to purchase the land for the cultivation. So far the lands we have reviewed have not accomplished the minimum requirement to be considered for a definitive negotiation. We are conducting permanent activities of promotion and divulgation of the project, establishing relationships with prominent members among the Bitcoin community, entrepreneurs and businessmen in other sectors, with the goal to empower the project evolution, raise the amount of members and investors and reach the required sales goals as soon as possible."
  • Colecta has released a new Counterparty Asset Vendor system. In the websites news update, it is stated to have added the following features:
  1. Auto refunds of wrong assets sent to us
  2. Refund of bitcoins if amount sent is greater than Maximum or Minimums thresholds
  3. Ability to use multiple bitcoin and counterparty servers to improve service uptime
  4. Access to Cold systems containing private keys sign transactions
  5. Transaction are no longer serialized improving speed

Sponsors and Shouts Outs:

  • This weeks shout out goes to Lifetime Counterparty Foundation member Joshua Unseth. Joshua is not directly involved in any Counterparty project, but he is one of the most active individuals on the Skype Counterparty Chit Chat. Joshua speaks his mind freely about what ever subjects are being discussed and is very responsive to pretty much anyone who joins in on the chat. I have learned that he loves to debate, so if you are looking for someone to discuss finance, blockchain, and especially 2.0 projects, I guarantee if you join the chit chat and wish to talk to him that he will most likely respond, but make sure you are ready to debate.

Project of the Week:

  • This week we interview community member JP Janseen about his new Counterparty based project XCP.pw.

Bitcoin 2.0 News:

  • Reveal, a crypto powered social network being built on the Stellar platform, has just raised 1.5 million dollars in a seed funding round for investors. There is a Coindesk article covering this news.

  • The mobile gift card purchasing company "Gyft" has just unveiled at the MoneyConf its new platform that allows gift cards to be created on the bitcoin blockchain with the integration of the Chain.com platform. This will allow for small businesses to have their very own gift cards that could be purchased with bitcoin and stored on the blockchain using the Open Assets protocol. There is a Coindesk article covering this topic.

  • Ripple Labs Head of Research on the Business Development team Ryan Zagone has been elected to the new Federal Reserve’s Faster Payments Task Force Steering Committee. According to a a recent Ripple Labs blog, the Fed launched the Faster Payments Task Force earlier this year to engage stakeholders in payments and advance the vision outlined in its January report.

  • As reported in a Cryptocoinsnews article, there is a new Securities Trading platform startup in the 2.0 scene called Equibit. In the article, the following statement is made:

Equibit is developing a decentralized securities processing platform. Their platform, Equibit, will allow investors and securities issuers to do business without any third parties.

  • According to a Cryptocoinsnews article, it is suggested that the Bitcoin Blockchain and 2.0 platforms could save banks almost 20 billion dollars a year.

  • A Bravenewcoin article covers Factom looking to solve the issue of land title disputes by hashing land title registrations on the Bitcoin Blockchain.

  • In a blog from Etherparty, the following statement about cryptocurrency blockchains is made:

Whether the future will be powered by Blockchains that is uncertain, we know that the distributed and data driven nature of Blockchain networks has caught the attention of banks, governments, and multi-national corporations. As these interests take shape we will likely have a world of many different Blockchain networks. Some will be transparent, public, and open-source like Bitcoin; while others will operate in closed networks maintaining organizational data in a secure intranet/Virtual Private Network type of environment.

My Final Thoughts:

  • Bitcoin Meetups have been crucial in my adventure down the the crypto currency revolution. Without my Indy Bitcoin meetup, I probably would not have gone as far as I have. But I have seen a development in my Meetup that has not been for the better, the participation has been a little down. Even though Indy is not a big hotspot for Bitcoin, we used to have an average attendance of 15 people, but now we have been in the 5-8 range even though we have a total of 92 members. I think when Bitcoin was new and exciting we all wanted to meet others that shared the same enthusiasm, which encouraged us to go out to the meetups. But now it seems as though the interest in sharing experiences with other enthusiasts has dwindled. I encourage all of you who do not go to your local Bitcoin meetups to get out there and help discuss this great technology. If you dont have a Bitcoin meetup in your area I would encourage you to start one yourself and you might be surprised at the amount of attendees you have at your first Meetup when its new.

  • Personal Twitter: @pooktwoFLDC

  • FLDC Twitter: @foldingcoin

  • Skype: foldingcoin

  • Email: rross@foldingcoin.net

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