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It appears to me that you're completely overlooking the divisibility of 
bitcoins.

- - Jameson

On 02/27/2014 08:09 PM, s7r wrote:
> 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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------------------------------------------------------------------------------
Flow-based real-time traffic analytics software. Cisco certified tool.
Monitor traffic, SLAs, QoS, Medianet, WAAS etc. with NetFlow Analyzer
Customize your own dashboards, set traffic alerts and generate reports.
Network behavioral analysis & security monitoring. All-in-one tool.
http://pubads.g.doubleclick.net/gampad/clk?id=126839071&iu=/4140/ostg.clktrk
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