Here are some links to get started: Block explorer: http://blockscan.com/ Official site (under construction) https://counterparty.co/ Installation instructions: http://counterpartyd-build.readthedocs.org/en/latest/ Github: https://github.com/PhantomPhreak/counterpartyd Discussion thread: https://bitcointalk.org/index.php?topic=395761.0
So thing is this, you're using proof of burn and/or some derivative of proof of stake or whatever. Thing is what proof of * you use don't matter. You're not in control of the chain, and anybody can just spam the bitcoin blockchain with fraudulent transactions (double spends, etc.) And the only way for anybody want to accept any of those assets, would be to calculate the probability of having a real asset in hand from…
Proof of burn was used during an initialization phase (let's call it distributed minting) which is over. Should really check it out more thoroughly, it looks like a pretty neat idea.