Counterparty has a valuable opportunity while the ecosystem is still
small to adopt suitably future-proofed standards and conventions to stimulate the
growth and use of the protocol.
Here are a number of open questions and comments regarding Counterparty Community Standards and Conventions:
What is the “name” of the Counterparty Protocol reference software implementation. Currently it is counterpartyd but that is confusing and this is why bitcoind was rebranded as Bitcoin Core.
What is the name of sub-units of XCP (and all other divisible assets on Counterparty for that matter)?
Why call it XCP? To abide by the ISO 4217 guidelines. X implies that the currency is not associated with a particular country/state. And CP is short for Counterparty (or Counterparty Protocol). Unfortunately, the elephant in the room it seems is that XCP is already taken by copper (though I need an official citation for this).
Relevant read: http://www.coindesk.com/bitcoin-needs-iso-certified-currency-code/
Discuss.
Personally, I propose re-branding the reference client as Counterparty Core. And 1 millionth of 1 XCP should be called 1" counterpart". XCY would suffice as the ISO 4217 currency code.
The name is fine. Rebranding is confusing.
The name is fine. Rebranding is confusing.
I’m not talking about “fine” though. I’m talking about optimal forever, not just for the time being. Rebranding now is not confusing because we technies are not easily confused. New people coming to Counterparty won’t know what the hell “counterpartyd” means where as Counterparty Core might sound more like a fundamental official software client.
Most everything in crypto is going to be wrapped and packaged for mass consumption. As it stands, the naming of everything in Counterparty is quite simple compared to Bitcoin since it’s only been around for under a year. If you want to simplify anything, it would be to help people understand how Counterparty works on the blockchain, not in creating more entries in the project glossary.
Most everything in crypto is going to be wrapped and packaged for mass consumption. As it stands, the naming of everything in Counterparty is quite simple compared to Bitcoin since it's only been around for under a year. If you want to simplify anything, it would be to help people understand how Counterparty works on the blockchain, not in creating more entries in the project glossary.
+1