22 karma · joined September 9, 2013
- $570mm net income generated on $1.9bln revenue in FY2013
- 128mm daily active users
- Candy Crush Saga accounts for 80% of gross bookings
Given those numbers a $10bln IPO valuation wouldn't be absurd.
I think this is a valid concern, even if somewhat mitigated by the 0.0001 BTC transaction fee. I'll post this to the BTCTalk thread and see if someone smarter than me has an idea to defend against it.
* The ability to issue shares in your company/startup and have them be traded from Day 1. Unlike BTCT/BitFunder/Havelock, Counterparty is a P2P protocol and cannot be shut down by regulatory agencies. Kind of like BitTorrent.
* The ability to trade XCP for Bitcoin and vice versa without relying on any fallible counterparty. There is no centralized exchange to steal money from you or fail like MtGox. There is no escrow required to trade with peers because Counterparty guarantees atomicity of transactions.
* The ability to place a variety of different bets. Currently the protocol has support for simple contracts-for-difference (CFDs) and binary Equal/NotEqual bets. Why is this useful? You could for example hedge your exchange rate risk completely by being short a XCP/USD contract. This allows you to hold your wealth in cryptocurrency but have no exchange rate risk. Another use case is sports betting. There was a friendly bet on the Super Bowl, for example.
From what I understand, XCP transactions guarantee atomicity and funds are swept from addresses to fund any bets/orders immediately. The risk of double-spending XCP is the same as the risk of double-spending BTC as XCP relies on bitcoin's proof of work.
Please correct me if I'm wrong.
Block explorer: http://blockscan.com/
Official site (under construction) https://counterparty.co/
Installation instructions: http://counterpartyd-build.readthedocs.org/en/latest/
Github: https://github.com/PhantomPhreak/counterpartyd
Discussion thread: https://bitcointalk.org/index.php?topic=395761.0