Category: XCP

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Why Use Counterparty’s Open Source Platform and XCP? Online Gaming fuel for one!

You guess it because it sits on the Bitcoin Blockchain.  

A truly decentralized system without a crowdfunder has various advantages:

  • Avoids issues with regulatory uncertainty and legal liability because there is no direct profit model, nor a central authority.
  • Incentivises developers and users equally.
  • Funds are never in the control of any 3rd party.
  • Full transparency
  • Zero pre-mine

Is XCP an alt-coin or competitor to Bitcoin?

No. XCP cannot exist without Bitcoin, as Counterparty extends the basic features of Bitcoin with proof-of-publication, oracle betting, decentralized exchange, automatic escrow, order matching, and smart contracts.

Can more XCP be created?

No. The supply of XCP is fixed, and decreasing because of fees being burned.

What is XCP used for?

XCP is the fuel for smart contracts. When smart contracts are running, fuel is used for each execution step. Appropriately enough, this fuel is burned(destroyed). This means that the supply of XCP is continuously decreasing. However, the cost of fuel adjusts proportionally as the supply of XCP goes down so that it cannot reach 0.

XCP is always the easiest token to trade against, as it is represented across all exchanges that support Counterparty. It is also used for anti-spam fees when registering named tokens, and when making distribution payments to token holders. The betting system also uses XCP.

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Everybody needs fuel- Why not fill up with Counterparty’s premium XCP!

Gasoline, Electricity, Protein – Fruits & Vegetables are fuels

If you wish to go from point ‘A’ to point ‘B’ one will need fuel. This might helps in understanding XCP value in the ecosystems.

XCP is the fuel for smart contracts. When smart contracts are running, fuel is used for each execution step. Appropriately enough, this fuel is burned (destroyed). This means that the supply of XCP is continuously decreasing. However, the cost of fuel adjusts proportionally as the supply of XCP goes down so that it cannot reach 0.

XCP is always the easiest token to trade against, as it is represented across all exchanges that support Counterparty. It is also used for anti-spam fees when registering named tokens, and when making distribution payments to token holders. The betting system also uses XCP.

XCP cannot exist without Bitcoin, XCP is your fuel to TOPTIONS.

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Do You Get The Question: Why buy TROPTIONS? or Counterparty/XCP

From the Bitcoin Magazine New section:
While determining how “good” any investment will be is ultimately a guessing game, there are some tried and true ways to determine an asset’s worth. One of the simplest ways to think about bitcoin as an investment is to consider its rise against the U.S. dollar. Recently, bitcoin prices eclipsed $1,000 and have reached beyond $1,500. If you had invested in the digital currency when its worth was still hovering around $150 just a few years ago, or when it was first introduced in 2009 and worth nothing against the dollar, you would probably be convinced that it made for a good investment.

Furthermore, an underpinning concept behind Bitcoin is that there will only ever be 21,000,000 tokens, meaning that it may stay consistently valuable or increase in value relative to other types of currency which can be printed endlessly. Other reasons that the asset seems like a good investment include its growing popularity, network effects, security, immutability and status as the first ever in a growing world of digital currencies.

That being said, there is at least one significant argument for limiting bitcoins to a small portion of your portfolio at the most. Bitcoin is known for stark jumps in price, high peaks and deep valleys that would make it difficult to have confidence in the asset as a long-term money maker that can be depended on. Tying every dime you have to such a volatile asset would be imprudent. A good rule to follow is never to invest more than what you would be willing to lose.
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You may have friends that you are talking with about TROPTIONS which is on the Bitcoin Blockchain. Why are TROPTIONS on Counterparty/XCP a timely asset? Note to self: TROPTIONS were digitally around before bitcoin’s birth. TROPTIONS is a great value and price. It is not subject to wild swings and it is based on proof of use. Enjoy following all of the avenues that the TROPTIONS Corp has to education, market, and barter for goods and services.