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Hi,

Watching the block chain explorer I saw that there are now over 2,5
MILLION XCP's (Counterparty cryptocurrency).

Counterparty is a cryptocurrency to lazy to build its own network and
it is using bitcoin's blockchain with the OP_RETURN function.

XCP (counterparty) are issued based on a proof-of-burn BTC. Example:
sending bitcoincs to an unspendable address, an address to which
nobody has the private keys. Clearly, BTCs lost forever - this is how
XCP's are issued.

Now with over 2.5 million XCP's issued (automatically over 2.5 million
BTC's lost forever), plus the coins lost due to accidents, negligence
which are estimated to be more than 2.5 million including what mtgox
may have lost forever due to their wallet problems and malleability
attack - where are we going this cannot be good under any circumstances.

Thoughts?

U.
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