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6 years ago today, the first NFTs called Rare Pepes launched on Bitcoin
Devcoin, the third altcoin with 11 years of blockchain-based cryptocurrency
The Third Altcoin Turns 11 Years Old, 10th year of Bitcoin Merge Mining!
Value Locked in Defi Rebounds — Smart Contract Tokens CPH, LUNA, XCP Lead the Pack
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The core Bitcoin protocol cannot be easily changed to avoid ISP blocks because network-level blocks are typically achieved through [deep packet inspection (DPI)](https://www.google.com/search?client=safari&cs=0&sca_esv=219388647f983b16&sxsrf=AE3TifPxx7Np9MbKmR5rmmlB4mUoqrKs5A%3A1759159074692&q=deep+packet+inspection+%28DPI%29&sa=X&ved=2ahUKEwj59dGdov6PAxUET0EAHfPNAHQQxccNegQIAhAB&mstk=AUtExfDC5mJTSvB1uMyjvHDu14oS-aHRXYIMJA7elPI6CRtZSlm5h0MSuBGbjuun8FpCAtY4wkcs_VQPH5R9_bj1CUhvVO8TemqlP01FBJWBasXGXegNiVNwW2shbfLxJy_MpZijFxoG6U9V165XCP07iBcI-K8D-NoSb-vaHRxyVlp21sE&csui=3),which blocks specific traffic patterns regardless of the protocol. While the protocol could be modified to obscure or encrypt its traffic more thoroughly, achieving consensus for such a complex change is extremely difficult and unlikely. Must try harder......
No worries. Also some insight from that time: It was the time of experimentation with "Proofs of X" I was very hyped that something would come of it so some interesting projects that tried were: Golem ("proof of useful work"), Counterparty XCP (proof of burn), Chia network (proof of "space and time") But basicaly we are now down to just variations to proof of stake, mostly because it suits institutional clients and is not hardware dependant.
If you are interested in ETH and its clones and layer twos and impersonators, there are a ton of options but they are all generally forks/clones of Uniswap. For BTC dexes the original is Counterparty XCP, and now there are many related to Ordinals stuff. If you are looking to swap BTC or ETH with XMR, there are now decentralized swaps to do that with Samourai Wallet and some command line software for ETH from Athenor Labs.
Its designed to be used with Counterparty (XCP/ Tokens) - it uses the same address your sending from for change by default as you asked Mobile version is out of date - Desktop version is maintained and supports P2WPKH segwit as well as legacy P2PKH
Just sell your NFTs on LooksRare, OpenSea, Twitter, Foundation, via ATM, XCP dispensers, or even on SuperRare, if you’re an established artist with a portfolio. Lots of options that don’t charge 30%. Creators market is about to be turned upside down.
There are many on different chains. The most famous one for ETH and its derivatives is probably this one: [https://etherscan.io/address/0x000000000000000000000000000000000000dead](https://etherscan.io/address/0x000000000000000000000000000000000000dead) The most famous on BTC is maybe this one: [https://www.blockchain.com/btc/address/1BitcoinEaterAddressDontSendf59kuE](https://www.blockchain.com/btc/address/1BitcoinEaterAddressDontSendf59kuE) or the Counterparty XCP burn address: [https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr](https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr)
Should be minted on XCP by the original artist if it hasn’t been already, unless there is another way to mint nfts on bitcoin
It does though. CounterParty (XCP) enables them, but you don't need XCP to pay gas. You need to pay BTC as gas though. There are even NFTs on Bitcoin this way — Spells of Genesis, Rare Pepes, MemoryChain. They pre-date CryptoPunks. There was a nice iOS wallet app called Book of Orbs where we could view and send these NFTs, as well as BTC, XCP, PEPECASH. But Apple didn't like it and did away with it.
>You can mint NFTs in the bitcoin blockchain using counterparty XCP. Counterparty is a side chain that settles on the BTC main chain. The first NFTs were minted in counterparty (rare Pepe’s, spells of genesis). Don’t listen to the downers, rare Pepe’s are sick. Got it
You can mint NFTs in the bitcoin blockchain using counterparty XCP. Counterparty is a side chain that settles on the BTC main chain. The first NFTs were minted in counterparty (rare Pepe’s, spells of genesis). Don’t listen to the downers, rare Pepe’s are sick.
it's about time, Japan has always been at the forefront and seemed lagging in regards to this, but then again there was a resurrgence of XCP and Pepe collectibles some of that originated in japan
In theory XCP should suffice for now but even that is having hiccups. Supposedly, Kusama was to iron out those issues. But it's not doom and gloom, I guess we are gonna see a sped up integration across chains soon.
Regarding projects implementing it https://twitter.com/alice_und_bob/status/1478897316090331136 Core development XCP and XCMP issues on cumulus https://github.com/paritytech/cumulus/issues The current state of developement https://github.com/paritytech/xcm-format
It's because of what was called a "proof of burn" for Counterparty, a sort of layer 2 solution that uses the Bitcoin blockchain for various decentralized finance applications. It was launched in 2014 and uses its own cryptocoins (XCP). The initial distribution of the coins was not done by a traditional ICO, where the founders rake in all the profits, but instead by interested people sending their BTC to an unspendable address, proving that they "burned" their BTC. People were then awarded XCP proportional to the amount of BTC they burned. At the time, 2K BTC were worth less than $2M USD, so this burn wasn't as dramatic as it appears now.
Just for others readers, XCP is a token created by burning bitcoin. Not premine, no scam ICO. In my view XCP is an extension of bitcoin, not a separate token. You use XCP to mainly mint custom-named NFTs. You can mint numeric NFTs using only bitcoin, you won't get a special name just some numbers and letter A in the beginning. But they work mostly the same and enjoy the same bitcoin security. As for how to recover old XCP, you can look into https://counterparty.io/ for more information, wallet, asset explorer etc... You are into bitcoin since 2014 I think you figure it out.
Looking at coinmarketcap they don't seem that valuable. But I literally have it on an old phone on a Blockchain.io wallet from 2014... No clue how to actually make use of my 13.xx XCP. It's not minted into an NFT or anything...it's just strait up XCP attached to a private key. Where do I start?
> Is anyone actually using XCP for NFTs? Yes and Counterparty old NFTs are one the most sought-after collectibles on the market. Like old baseball cards. That shit is absolutely rare. I won't give concrete examples, because it's not the place to do it. Google is your friend here. > Is there any useful way to use it today? It works perfectly fine. You can make NFTs in minutes and store forever in the most secure vault on the planet, bitcoin vault.
Is anyone actually using XCP for NFTs? I burned 0.01 BTC for XCP back in 2014 during the initialntil burn and still have the keys to that wallet somewhere... Is there any useful way to use it today?
This leads us up to January 2014, which is when Counterparty launched what I consider to be the first credible consensus system that enabled true smart contracts on top of Bitcoin. And I argue it was Counterparty's [proof of burn event](https://counterparty.io/news/why-proof-of-burn/) that really set off the following chain reaction, a chain reaction that would expose the clandestine rise of Blockstream to power, long before Blockstream was publicly announced. Turns out, BC developers Greg Maxwell, Adam Back, Jorge Timon, Mark Friedenbach, Luke-jr, publicly *loathed* what Counterparty was doing. I mean it! They really seemed to hate Counterparty. The charitable perspective there is they hated Counterparty because BTC itself couldn't support smart contracts. To this very day, no technical mechanism exists in BTC for funds to be escrowed by an autonomous agent and transmitted in an event-driven way. Counterparty, in order to provide those required features for smart contracts to Bitcoin, had to launch a new ledger within Bitcoin's ledger. And like all other newly created public ledgers, Counterparty needed its own native token in order to function. This token is called XCP. XCP and tokens built on top of XCP are autonomously-escrowable for trustless smart contract execution on top of Bitcoin. But interestingly, and unbeknownst to the general public at the time, the BC developers who so publicly hated XCP had founded the Blockstream company, had taken *equity in Blockstream*, AND had made secretive plans to launch *sidechains* as the ultimate Bitcoin smart contract solution. Later on we would learn sidechains were to become Blockstream's #1 clame to fame, and that those plans had long since been put into action. Importantly, Counterparty was NOT backed by $76 million in venture capital like Blockstream was. Counterparty never did an ICO, never raised funds from anyone beyond some piddling donations, and the developers of Counterparty didn't even pre-mine the token. Counterparty was utterly unfunded, IOW. It was deliberately launched by anonymous cofounders in exactly the same spirit as Satoshi Nakomoto launched Bitcoin itself. Even more important, the Counterparty system requires **on-chain capacity** to function. Conversely, sidechains work **off-chain**. So not only do sidechains *not need* on-chain capacity to nearly the same degree as Counterparty, but sidechains actually *benefit* when Bitcoin's on-chain capacity is artificially restricted, like it is today. In order to fulfill Blockstream's vision of Bitcoin going forward, Counterparty had to be detroyed. Blockstream couldn't afford the public latching on to XCP, because then they would raise hell if the blockchain's capacity wasn't raised to support the Counterparty system's success, and Bitcoin's success by extension. I watched as the Blockstream cofounders worked their magic on public opinion by systematically denigrating Counterparty transactions as "blockchain bloat". Counterparty was worthless, they said, and worse still Counterparty was *parasitic* ([literally, they said this](https://bitcointalk.org/index.php?topic=395761.msg6162434;topicseen#msg6162434)). 3/5
Well, if there's anyone interested, I have a good amount of XCP counterparty assets I'd love to off load for some Bitcoin! Hell, I'll give you extra!
Wasn't paying attention to partners. Very long story. I'm applying to jobs, & hoping I haven't been out here f work so long that someone still finds value in my expertise. This weekend, however, my family & I are headed to my brothers house! All I've left to my name is currently in a free wallet, a counterparty/XCP I was just experimenting with holding.
I am currently in your very position, just a little worse off. I have hundreds of thousands in a counterparty/XCP. I've lost everything else! I've even recently placed an order to buy 1 Bitcoin, making it so whomever takes the deal would gain an extra $50k in the exchange...I have to be out of where I live by Saturday! Best to you, friend, you're in a far better situation
trying to catch "pump and dump" with XCP ... aaand I didn't catch it obviously :D (-95% now) :-/
https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr Looks like XCP, 19m coins at $3.3 USD, kept most of its value.
I didn't see my "mistake coins" .. so here it is :D **XCP** (Counterparty) - there should be pump back in 2017 "in a month" - still waiting lol **VTC** (Vertcoin) - such a great coin... I thought it's LTC killer. Didn't sell either but... it won't wake up anymore right? :(
> Esp. how does a token represen an artwork. How does it "prove" that an artwork is unique. Is there any tangible link between a token an an artwork? NFT is non fungible token. The media is the representation of the token. When you download bitcoin logo doesn't mean that you now bitcoin. The same goes for NFTs. **Current estimates that over 50 percent of art is fake.** NFTs are collectible certificates of authenticity. Bitcoin security and transaction tracking provide better solutions for provenance. Certainly better than what the art world has to offer today. > Is there any reason why this is not done on Bitcoin using coloured coins or similar? You can use counterparty XCP to mint bitcoin NFTs.
If you agree that the actual value of bitcoin is network effects, then it is only logical that increasing bitcoin use cases increases bitcoin network effects which in turn should increase bitcoin value and reduce competition. I don't think counterparty XCP is a shitcoin. It was created by burning bitcoin with no premine no ICO. In other words XCP is Bitcoin. XCP can do stockmarket and NFTs and other things. It can potentially do everything the $278,321,052,320 monster that is currently eating bitcoin lunch is doing. Counterparty lives on top of bitcoin. Counterparty nodes interprets bitcoin data. You send tokens created with counterparty to bitcoin wallet. It is the same network and the same security. Thought you should know.
How to buy RAREPEPE Nakamoto Card and other XCP collectables (300 editions total, only a few avail for sale atm) 1) Download and setup FreeWallet app from *** posted by [@alexgausman](https://twitter.com/alexgausman) [Link in Tweet](http://freewallet.io) ^[(Github)](https://github.com/username) ^| ^[(What's new)](https://github.com/username)
How to buy RAREPEPE Nakamoto Card and other XCP collectables (300 editions total, only a few avail for sale atm) 1) Download and setup FreeWallet app from *** posted by [@alexgausman](https://twitter.com/alexgausman) [Link in Tweet](http://freewallet.io) ^[(Github)](https://github.com/username) ^| ^[(What's new)](https://github.com/username)
How to buy RAREPEPE Nakamoto Card and other XCP collectables (300 editions total, only a few avail for sale atm) 1) Download and setup FreeWallet app from *** posted by [@alexgausman](https://twitter.com/alexgausman) [Link in Tweet](http://freewallet.io) ^[(Github)](https://github.com/username) ^| ^[(What's new)](https://github.com/username)
I have been in COVAL since 2017. It is not your typical overfunded and under delivering project. The main devs have delivered the MVP of one of the applications “emblem vault”. They’ve done this off their own backs with no ICO funds. We took a hit back in 2019 when Bittrex delisted all counterparty XCP tokens. The devs acted fast and moved to Ethereum as an ERC20 token. Coval is blockchain agnostic, it can be bridged over to any chain, if you mint 10,000 on matic / polygon, it burns 10,000 on ethereum. There are some pretty interesting features coming one of which being NFT to NFT trades. This would allow anyone to perform a trustless OTC trade at an agreed price with no slippage.
we moved over from XCP to ERC20 - so the stats likely were reset
Blockstream's Liquid seems to be doing OK. And we have NFTs on Bitcoin almost at the protocol level - Counterparty XCP
Yes as this is a US based project. Used to be on bittrex but got delisted along w all other XCP assets. They then migrated to erc20
Im a member of the TG admin team and I setup r/CircuitsofValue You started this by saying that Coval is shady because of a linked In post now you have gone on further and further. I will address each if you like but I'm sure you will continue to find faults. Videos are old ? Yes so are we.... Coval started as an airdrop called Ribbit Rewards in 2016, that failed, and was rescued in 2017 ([https://bitcointalk.org/index.php?topic=1652345.0](https://bitcointalk.org/index.php?topic=1652345.0)) and renamed to Circuits of value, The token was XCP Counterparty ([https://xchain.io/asset/COVALC](https://xchain.io/asset/COVALC)) until it was migrated to ERC20 because XCP was delisted from Bittrex our then only exchange. During which time we became unlisted on any exchange (now that would have been perfect for a rugpull) after approx. 8 months we got onto STEX and started to trade again, and continue with Alpha and Beta testing on our product, which was released as a MVP in Sept 20. (Videos are old... so what we dont a have a magic money tree of ICO funds to exploit like other big cryptos, we do what we have to, and we are still here). 1st post was made by a recent addition to the community, who then started to ask for tips to be sent to his eth account, 1st time we allowed it, further times we deleted it, (he was pumping and dumping) then he threw his toys out of the pram and left, and deleted his threads and account on reddit, but hey we have the full transcript of everything. Like you say you are crypto newbie - I'm a reddit mong, I've got an old account, but never really used it apart from updates in the Coval subreddit, so didn't understand Post Karma and more recently Comment Karma, what put me off about reddit is both of these. I've posted 10's of time and got content removed because of "Karma" so I tried to improve it. Leading on to the third link, how do you improve Karma so you can post in serious subreddits, I'm not interested in posting crap on reddit, but had to eat humble pie, if it was the only way to get my voice heard. ([https://www.reddit.com/r/techsupport/comments/lt0myd/greetings\_your\_comment\_was\_removed\_again/](https://www.reddit.com/r/techsupport/comments/lt0myd/greetings_your_comment_was_removed_again/)) Fuel is a generic ticker, nothing to do with the link you provided its here; [https://etherscan.io/address/0x11D8FaBcE53d02FE99E18630b9a6853A442369A2](https://etherscan.io/address/0x11D8FaBcE53d02FE99E18630b9a6853A442369A2) [https://github.com/DecentricCorp/FuelToken](https://github.com/DecentricCorp/FuelToken)
This is a public vault - [https://emblem.finance/nft?id=327289](https://emblem.finance/nft?id=327289) everyone can see the addresses inside it and verify them on their particular blockchain explorer. Blockscout (xDai), [xchain.io](https://xchain.io/) (XCP) Etherscan (Eth) Bitcoin (Btc)
You are not taking into account all the other tokens being traded besides XCP and the fact that most of this trading is not on centralized exchanges but on the Counterparty DEX and on dispensers. But thanks for making assumptions. Have a nice day.
Yeah pretty sure nobody is using XCP. Daily trading volume is 500 bucks.
Is it on @counterparty as an NFT? XCP NFTs live inside Bitcoin. Xchain.com
This is a public vault - [https://emblem.finance/nft?id=327289](https://emblem.finance/nft?id=327289) everyone can see the addresses inside it and verify them on their particular blockchain explorer. Blockscout (xDai), [xchain.io](https://xchain.io) (XCP) Etherscan (Eth) Bitcoin (Btc) This is a Private Vault - [https://emblem.finance/nft?id=622624](https://emblem.finance/nft?id=622624) ( I did use a copyrighted pic so you cant see it on opensea (oops) ) The Password = IamNotSatoshi01! nothing in the vaults, but unless I gave you the top password you couldn't associate the internal to the external addresses.