# BTC Dividend issuance doesn't register as a Counterparty transaction

**URL:** https://forums.counterparty.io/t/btc-dividend-issuance-doesnt-register-as-a-counterparty-transaction/239
**Category:** Assets
**Created:** [April 16, 2014, 12:15am UTC](https://forums.counterparty.io/t/btc-dividend-issuance-doesnt-register-as-a-counterparty-transaction/239 "2014-04-16T00:15:20Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![Global\_trade\_repo](https://avatars.discourse-cdn.com/v4/letter/g/8baadc/32.png) [@Global\_trade\_repo](https://forums.counterparty.io/u/Global_trade_repo)
#### Post date: [April 16, 2014, 12:15am UTC](https://forums.counterparty.io/t/btc-dividend-issuance-doesnt-register-as-a-counterparty-transaction/239/1 "2014-04-16T00:15:20Z")

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I issued a dividend to GIGAHASH via counterpartyd:  
  
counterpartyd dividend --source 1Ct4iLT6T9CQa184EU2xaWwMZySV7AypBj --quantity "0.00024606" --asset "GIGAHASH" --dividend-asset "BTC"  
  
The dividend was paid correctly.  
  
Should the dividend payment be registered as a Counterparty transaction similarly to a btc pay? I realise that it would need to be 2 separate transactions though: 1 for the BTC transaction and 1 for the dividend payment. Otherwise there is no record of the dividend payment in Counterparty for the BTC payment.

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### Author: ![knircky](https://avatars.discourse-cdn.com/v4/letter/k/ce73a5/32.png) [@knircky](https://forums.counterparty.io/u/knircky)
#### Post date: [April 18, 2014, 5:27pm UTC](https://forums.counterparty.io/t/btc-dividend-issuance-doesnt-register-as-a-counterparty-transaction/239/2 "2014-04-18T17:27:24Z")

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No according to the documentation btcpay and btc dividend payments do not register as counterparty transactions.  
  
  
They just sent btc from one btc address to another.

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### Author: ![GLaDOS](https://avatars.discourse-cdn.com/v4/letter/g/74df32/32.png) [@GLaDOS](https://forums.counterparty.io/u/GLaDOS)
#### Post date: [April 19, 2014, 3:43am UTC](https://forums.counterparty.io/t/btc-dividend-issuance-doesnt-register-as-a-counterparty-transaction/239/3 "2014-04-19T03:43:51Z")

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[quote author=Global\_trade\_repo link=topic=259.msg1947#msg1947 date=1397621720]  
I issued a dividend to GIGAHASH via counterpartyd:  
  
counterpartyd dividend --source 1Ct4iLT6T9CQa184EU2xaWwMZySV7AypBj --quantity “0.00024606” --asset “GIGAHASH” --dividend-asset "BTC"  
  
The dividend was paid correctly.  
[/quote]  
  
Congrats on making the first dividend using BTC via Counterparty!  
  
 :o So glad it works with one simple command .&nbsp; I think how it works should be okay.  
For records in Counterparty we could issue dividends with XBTC or other assets that could be redeemed for BTC.&nbsp; It’s likely even more scalable than direct BTC dividends.  
  
One advantage of not issuing dividends with BTC/XCP is that it lowers the immediate cost for the payer.&nbsp; Not only that, we could run into cases where shareholders lost their private keys.&nbsp; So those dividends paid with BTC/XCP could be lost forever just like those CAKE dividends that I’ve tried.  
  
For example, if CAKE is such a valuable asset that it would cost 100 BTC to make the tenth dividend, then I could issue dividends using a new CAKETENDIV.&nbsp; Then buy back CAKETENDIV using 100 BTC.&nbsp; If the 20th dividend costs 200 BTC, I’d do the same with a different CAKETWENTY, etc…