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Here before the LTBCoin Launch? Get your part of the initial disbursement for the Initial Community

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  • Winslow Strong

    I've been wondering why the value of XCP has been tanking so badly since the announcement that LTBCoin would utilize counterparty.  Maybe just some early sellers selling off their IPO investment.  But I dont understand why counterparty should have a market cap value so much less than mastercoin.  They seem to be at similar stages of development, but I'm not an expert on either project.

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  • adi

    Solid Image. +1 for Honesty. Can't wait..

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  • wuaat

    Winslow_Strong said: I've been wondering why the value of XCP has been tanking so badly since the announcement that LTBCoin would utilize counterparty.  Maybe just some early sellers selling off their IPO investment.  But I dont understand why counterparty should have a market cap value so much less than mastercoin.  They seem to be at similar stages of development, but I'm not an expert on either project.

    I think it has to do with politics and resistance on metacoins integration.

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  • adam

    I believe the utility of XCP is not understood because these assets are not launched or even understood, I have been using the low price to increase my holdings as I believe LTB, once launched will be one of many projects that make the utility of XCP very non-hypothetical.
    And having used the decentralized exchange, XCP is very desirable for trading.  Using Bitcoin -> LTBCoin requires manual action to send the BTC and takes at least six confirmations before payment can even be sent, but XCP -> LTBCOIN only takes two confirmations and is automated.   XCP is the platform currency, so while the platform has no use (Right now) it is valueless.  If you think it will be more valuable later, this is cheap.

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  • hepucoa

    Adam,
    This is a great exercise and I'm watching this very closely. User created assets are an incredible opportunity for many artists. Look forward to seeing how this plays out. 

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  • ltbcoin

    Winslow_Strong said: I've been wondering why the value of XCP has been tanking so badly since the announcement that LTBCoin would utilize counterparty.  Maybe just some early sellers selling off their IPO investment.  But I dont understand why counterparty should have a market cap value so much less than mastercoin.  They seem to be at similar stages of development, but I'm not an expert on either project.

    Tanking compared to prior mania, yes.  But XCP seems to still be around 5X gain from the IPO: looks like 1BTC then got 1500 XCP... 

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  • sile16

    At any point in the future would people use XCP directly for exchange? Are there any technical challenges / downsides that would prevent coinbase or bitpay from accepting XCP?

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  • adam

    @sile16 At any point in the future would people use XCP directly for exchange? Are there any technical challenges / downsides that would prevent coinbase or bitpay from accepting XCP?

    Nope! Nothing preventing them. But the usefulness of XCP is that it allows for automatic trustless, blockchain escrowed p2p trading on the decentralized exchange.

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  • DaveB

    I get so worked up with enthusiasm that many times I don't have a clue what I am doing. Setting up a LTBcoin wallet is one of those times. I just feel like if I don't do it, I am going to miss out on something important. I was setting up to buy into Swarm when I realized this is the same wallet app that LTBcoin was talking about using. So, here we go.

    Change the world. Decentralize everything!

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  • adam

    @daveb I get so worked up with enthusiasm that many times I don't have a clue what I am doing. Setting up a LTBcoin wallet is one of those times. I just feel like if I don't do it, I am going to miss out on something important. I was setting up to buy into Swarm when I realized this is the same wallet app that LTBcoin was talking about using. So, here we go.

    I love that we don't have to make people use a specific wallet just for us. I can't wait to see multiwallets become the norm.

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