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Overstock and Counterparty devs split ways

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  • pooktwo

    @irnhnve

    @pooktwo It is true that these problems exist. I do hope to see improvements to the platform, however, currently there reallyt isnt another 2.0 project that is implementing features like Counterparty does. NXT is doing it well, but I still am not really sure about what I think about the NXT community.... lots of secrets :/

    I agree. I still use Counterparty pretty frequently and just put up with the slowness for now. I have a feeling that when Ethereum gets released it's going to take over since they the developers have been able to use/see what Counterparty can do and will undoubtedly be including the same type of functionality in their protocol in addition to tons of other capabilities.

    It could have the opposite effect though, Ethereum has been promising the world and if it doesnt live up to the expectation then it could flop. Because here is the thing:

    Everyone that has heard of Counterparty has heard of Ethereum, but not everyone who has heard of Ethereum has heard of Counterparty.

    Once Ethereum is released, the Ethereum community will start to hear more about Counterparty and look into it. Hell probably even before that when Ethereum gets closer to launch. With Counterparty being built inside of Bitcoin that offers (in my opinion) a better system then a seperate blockchain that needs to be maintained.

    If you look at NXT, CP, and even Mastercoin a lot of projects looking to utilize btc 2.0 platforms have already begun to release their projects inside their choosen btc 2.0 platform. Ethereum projects built inside of it will have some catching up to do in order to compete with an already established btc 2.0 competition.

    • LTB coin
    • Storj
    • Swarm
    • MaidSafeCoin
    • FoldingCoin
    • Gemz
    • NuShares
    • CoinoUSD
    • and so forth

    These projects couuld switch over, but it would be a pain in the butt for this to happen. Very easily doable, but not as easy for things like getting holders to burn funds. It will be interesting to see how it plays out. I have hopes that Ethereum will be great (because its cool and im invested in it) and they do have the benefits like you said of sitting back and watching everyone else.....

    Oh yeah, and they really have the hype :)

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  • Cryptonaut

    Heres a comment from Adam (main counterparty dev) on chat earlier:

    Evan, Robby and I will all be working on Counterparty for the foreseeable future.
    Development is moving at breakneck speed.
    Medici will still be built on Counterparty.
    And I'm advising Overstock on Medici's technical strategy

    tl;dr, good news :p

    from https://gitter.im/CounterpartyXCP/General

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