Two very fundamental reasons

1. each operation on the exchange (e.g. putting in a buy or sell order) has a 10 minute delay (because it requires 1 Bitcoin block to be solved)
2. because all counterparty transactions are simply nested inside the bitcoin blockchain, they are not automatically validated like native bitcoin transactions.  This means that in order to validate a transaction the counterparty clients must rewind back from the counterparty genesis/PoB transactions and revalidate to the present point, which is way more inefficient than in bitcoin, where the Merkel tree is able to speed things up.

What is an objective difference between those two options?  They look like two ways to state the same thing to me.


One of the problems we run into is the Halting Problem -- there's just no way to know before-hand if a program will find an answer or chug away with calculations until the heat death of the universe.

but it's ten times faster than counterparty & you mentioned that we can reduce the block forging time gap.

its ok i dont hold grudges! ok just wondering because theres no point in me donating to projects  that need 10's 100's of thousands because i simply dont have enough.. if i donate to these smaller projects i dont look like so much of a scab! :L

To be fair:

1) The second point is valid, but you will not notice the difference as long as you have whole blockchain downloaded. When I pointed out this first in XCP thread, I mean the main drawback is the time to download the blockchain in the beginning. You will notice the slow parsing time only when a XCP is transferred tens of thousands of times, and that will not happen in near future.

2) The first point is of course true, but should be acceptable to most average users. Normally, we trade only once several days. Even day traders only trade couple of times per day.

No. There is a 60 second gap between blocks. U can't call it "high frequency trading".

I only have 800,000 NXT to dump and we r below 0,00005.

When I get back I will do this so i was polite warning you all.

bye bye

No. There is a 60 second gap between blocks. U can't call it "high frequency trading".

What happens usually after a parabolic lift like that?

I only have 800,000 NXT to dump and we r below 0,00005.

When I get back I will do this so i was polite warning you all.

oh and on vicrurex 90,000 NXT and we r below 0.00005 but that is to easy.

bye bye