After testing Ripple... - page 5. | Bitcointalksearch.org

annette786

full member

Activity: 160

Merit: 100

Quote from: HostFat on December 23, 2012, 09:27:22 PM

Quote from: annette786 on December 23, 2012, 09:23:13 PM

If they are an IOU, why would their value change against what they borrowed against?

I repeat, there are XRP and IOU. They aren't the same thing.
You should give a better look at the interface.

Where?

- I see no mention of IOU in the order book, but the first 7 currency pairs are XRP.
- I see no mention of IOU in the Trust tab.
- I see no mention of IOU in the Trade tab. The first entry there is XRP.
- I can't send IOU either... only currencies and like XRP (the default currency).

Everthing I see pushes ownership of XRP. Please correct me if I am wrong.

Spekulatius

legendary

Activity: 1022

Merit: 1000

Everything on the net (especially on their website ripple.com) is very opaque.

@ OP: Mind telling us a little bit more on how the new dev team implemented the idea of ripple?

HostFat

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Activity: 4270

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I support freedom of choice

Quote from: annette786 on December 23, 2012, 09:23:13 PM

If they are an IOU, why would their value change against what they borrowed against?

I repeat, there are XRP and IOU. They aren't the same thing.
You should give a better look at the interface.

annette786

full member

Activity: 160

Merit: 100

Quote from: HostFat on December 23, 2012, 09:18:16 PM

Quote from: annette786 on December 23, 2012, 09:14:52 PM

Then they should peg them and not let them fluctuate.

Are you saying that they should go against the market?

If they are an IOU, why would their value change against what they borrowed against?

HostFat

staff

Activity: 4270

Merit: 1209

I support freedom of choice

Quote from: annette786 on December 23, 2012, 09:14:52 PM

Then they should peg them and not let them fluctuate.

Are you saying that they should go against the market?

annette786

full member

Activity: 160

Merit: 100

Quote from: HostFat on December 23, 2012, 09:06:33 PM

There are XRP and IOU.
XRP are needed to avoid spam/ddos.
You aren't forced to use them as currency.

Then they should peg them and not let them fluctuate.

ShadowOfHarbringer

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Activity: 1470

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Bringing Legendary Har® to you since 1952

So far i keep reading lots of vague information & buzzwords on the net about Ripple, and I still cannot figure what it exactly is and what it will actually do.

Would somebody care to explain it to me in few simple words ?

HostFat

staff

Activity: 4270

Merit: 1209

I support freedom of choice

There are XRP and IOU.
XRP are needed to avoid spam/ddos.
You aren't forced to use them as currency.

annette786

full member

Activity: 160

Merit: 100

It is safe to say it is just another alt that will fail. Despite what others say, it IS an alt. The currency units are XRP (ripple credits) and here is the order book to trade them:

"When the Ripple network was created, 100 billion XRP was created. The founders gave 80 billion XRP to the OpenCoin Inc. OpenCoin Inc. is tasked with promoting the Ripple payment system, giving away XRP, and selling XRP."

Opencoin, Inc filed for the service mark for "Ripple" and "Ripple Communications." So, everything is pre-mined and owned by themselves.

While I applaud the developers for trying to create something disruptive, it will never gain traction. The trust network is too complicated and the amount of XRP and its mechanism of dispersal (or lack of) doesn't encourage people to value the currency.

*Moderators should move this thread and the others into the alt category.*

-----------------------

Most of us know of the 2 pizzas for 10,000 BTC...

https://bitcointalk.org/?topic=137.0

Well... ~~I'll sell you my 10,000 XRP for 2 BTC!!~~

~~First one to PM me gets them along with my ripple login.~~

Sent to xiangfu! Good Luck

Topic: After testing Ripple... - page 5. (Read 8658 times)