Is it possible to sell ripple for BTC?
I still have 10000 ripple from some giveaway I have no use for.
Any good exchanges?
Topic: [ANN] Ripple is officially open-source! w/link - page 6. (Read 24528 times)
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The first is an empty argument, as validators can switch to a friendly country in just 1 minute.
The second is totally pointless, as everyone can choose the validators that they like best.
You continue, by the way, confusing a payment system with a currency like bitcoin, and ignoring the benefits that a distributed market could give to bitcoin itself.
The second is totally pointless, as everyone can choose the validators that they like best.
You continue, by the way, confusing a payment system with a currency like bitcoin, and ignoring the benefits that a distributed market could give to bitcoin itself.
I'm not aware of how it is possible to switch from a US-owned ARIN block to another country in just 1 minute, because ARIN reassigning a IP block used by Amazon AWS to a 'friendly country' (Russia? Iran? Syria?) in the timespan of 1 minute when the propagation will take longer is.. dubious.
http://ripple.com/ripple.txt
54.225.112.220: US, United States
54.225.123.13: US, United States
107.21.251.218: US, United States
184.73.226.101: US, United States
23.23.201.55: US, United States
Next?
Saying everyone can choose the validators that they like best is a misleading claim. If you don't choose OpenCoin in your UNL, you will not get the same transactions as any other ripple user. This point is elaborated in more detail in RippleScam.org
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Actually gateways must set "restricted holding" the very first time they issue an IOU. So, existing gateways can't actually restrict or freeze anything.
If a government knocks on Ripple Lab's door and mandates restricted holding, do you think code will stop them? With Bitcoin, people won't follow the fork. With Ripple, you're already following the fork.
You're forgetting OpenCoin validators may simply refuse to broadcast transactions.
The first is an empty argument, as validators can switch to a friendly country in just 1 minute.
The second is totally pointless, as everyone can choose the validators that they like best.
You continue, by the way, confusing a payment system with a currency like bitcoin, and ignoring the benefits that a distributed market could give to bitcoin itself.
You can still transfer them and have full control over them - you are jsut not able to redeem the value they stand for.
https://ripple.com/wiki/Gateway_policies
https://ripple.com/wiki/Transit_Fees
A gateway is able to levy you a 100% transfer fee on their IOUs. Not only won't you be able to redeem the value they stand for, but you can't even transfer it.
You should spend more time reading the official ripple wiki, particularly:
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Restricted issuance of IOUs
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
SO WHAT ? What will you do when Mtgox or other plateforme will be shutdown by USA and that bitcoin value will come close to 0 because of that ?
Making efforts to be compliant and to insure that this network is not to fund alquaeda people is legit .
the network will fund them just not those particular gateways
dont use those gateways and you wont have the problem.
JoelKatz answered EVERY POINT of your argumentation. If not go on ripple forum and ask. You won't do that because it would expose your lies and everybody could see that the ONLY point why you are hating ripple is because you are scared for the bitcoin value....
Please present me with JoelKatz's response. The last time I heard from him was that he left a comment on Ripplescam.org saying he is willing to debate it on a neutral platform (eg bitcoin forum), while ignoring all my respectful questions directed towards him on Ripple.
sEE ,? YOU HAVE NOTHING TO SAY BIATCH§
Then why would I help you now?
you're not here to help, you are talking about "caps" I so hate people like you, so useless, a bullet in the head that's all you deserve
[/quote]"Time to switch on litecoin. BITCOIN IS DEAD for normal miner"
It seems has a different meaning from only "BITCOIN IS DEAD".
It's now too easy to show that you are trying to mislead the meaning of words
[/quote]
+1 And it was provocative on purpose... Your lies will be exposed soon with the success of ripple...
JoelKatz answered EVERY POINT of your argumentation. If not go on ripple forum and ask. You won't do that because it would expose your lies and everybody could see that the ONLY point why you are hating ripple is because you are scared for the bitcoin value....
https://ripple.com/forum
https://ripple.com/forum
Seeing as how you resort to attacking the opponent (Ad hominem) instead of what I'm actually saying, so what about your Dec 20 2012 message stating "BITCOIN IS DEAD" and that you're switching to mining Litecoin?
https://bitcointalksearch.org/topic/m.1412058
"Time to switch on litecoin. BITCOIN IS DEAD for normal miner"https://bitcointalksearch.org/topic/m.1412058
It seems has a different meaning from only "BITCOIN IS DEAD".
It's now too easy to show that you are trying to mislead the meaning of words
After this, I'm out.
I can still talk about this with other people
Seeing as how you resort to attacking the opponent (Ad hominem) instead of what I'm actually saying, so what about your Dec 20 2012 message stating "BITCOIN IS DEAD" and that you're switching to mining Litecoin?
https://bitcointalksearch.org/topic/m.1412058
https://bitcointalksearch.org/topic/m.1412058
The ONLY reason you want to shut down ripple is that you own A LOT OF BITCOINS and you are afraid that it's a threat to bitcoin value so you couldn't keep your bitcoin for several years without being worried either by tax or bitcoin value.
I hope you'll get sue by Ripple one day for such dumb accusation.
I hope you'll get sue by Ripple one day for such dumb accusation.
Do you have anything to comment on my previous response before jumping ahead? I don't think holding "A LOT OF BITCOINS" makes my factual arguments invalid.
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Actually gateways must set "restricted holding" the very first time they issue an IOU. So, existing gateways can't actually restrict or freeze anything.
If a government knocks on Ripple Lab's door and mandates restricted holding, do you think code will stop them? With Bitcoin, people won't follow the fork. With Ripple, you're already following the fork.
You're forgetting OpenCoin validators may simply refuse to broadcast transactions.
That's not how Ripple's UNL works. It's based on validators, not gateways.
You as gateway (everyone can be one) chose who are your validators. To be a validators you only need do run the Rippled, and be a trustful person.If the majority of the Ripple gateway chose to NOT trust Opencoin validators, they simply can, and maintain the network active.
As much as Bitcoin users will stop to use/trust Bitcoin-Qt node for another one.
That's not how it works.
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Without the mining, gateways work as nodes/miners at the same time. They have the same functions for the safety of the network.
Did you mean validators?
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They can also change the base of the protocol, and creating an hardfork.
That's not how it works. Miners cannot change what your client accepts as hard ground rules.
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Neither can gateways, they can't inflate XRPs.
OpenCoin Inc can - for example, reducing transaction fees is inflating XRP.
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They have only power on the IOU that they gave you, only if you trust them.
False. You don't have to directly trust them.
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When you look at Bitcoin on your Bitstamp wallet, they are also IOU, and they can steal them from you if they want.
I agree! Please debate this point to Sukrim who still disagrees that Bitstamp can steal ripple BTC IOUs?
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Yes they can, just need to be the majority.
No they can't. Your client will automatically reject anything that doesn't follow it's hard coded rules, majority or no majority.
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They can as the Bitcoin dev team can, until the majority of the community trust them.
OpenCoin Inc's Ripple design and change process is very much more internal compared to the Bitcoin core dev team. Just take a look yourself.
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They can steal them until your Bitcoin are on their pockets. When you use IOU Bitcoin from Bitstamp, they are like Bitstamp/BTC-e/Mtgox codes, so they can disable them if they want.
Show me how I can keep BTC in my pockets with Ripple.
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I see that you really understand how Ripple works, but you are trying to spreading misleading meaning/fud to force your way.
Please elaborate on misleading meaning and FUD. Preferably a point by point rebuttal, like this post.
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You are free to continue, as I'm free to say that I think that you are a liar and so I don't trust you.
Calling me a liar without pointing out instances where I've lied may result in people thinking you are an idiot.
You can still transfer them and have full control over them - you are jsut not able to redeem the value they stand for.
https://ripple.com/wiki/Gateway_policies
https://ripple.com/wiki/Transit_Fees
A gateway is able to levy you a 100% transfer fee on their IOUs. Not only won't you be able to redeem the value they stand for, but you can't even transfer it.
You should spend more time reading the official ripple wiki, particularly:
Quote
Restricted issuance of IOUs
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
Still you did not explain how they would steal my BTC.Bitstamp that are sitting at an address without me doing anything...
Actually gateways must set "restricted holding" the very first time they issue an IOU. So, existing gateways can't actually restrict or freeze anything.
But i'm sure that TF does know that
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Well, I did read that (probably some time before you did...) - if my gateway does this, I can just get my lawyer and sue them for breach of contract as they are a legal entity in my jurisdiction.
Bitcoinica. Good luck, because you'll need it. http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/
Keep in mind that if this was Bitstamp, 99%+ of Ripple BTCs would be vanished.
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SO WHAT ? What will you do when Mtgox or other plateforme will be shutdown by USA and that bitcoin value will come close to 0 because of that ?
Making efforts to be compliant and to insure that this network is not to fund alquaeda people is legit .
Making efforts to be compliant and to insure that this network is not to fund alquaeda people is legit .
Unfortunately MtGox isn't like HSBC who can launder billions of dollars to drug cartels and gets a slap on the wrist fine.
I also do not believe 'plateforme' like MtGox getting shut down (http://motherboard.vice.com/blog/feds-seize-funds-of-largest-bitcoin-exchange) (http://techcrunch.com/2013/08/23/feds-seize-another-2-1-million-from-mt-gox-adding-up-to-5-million/) is going to cause BTC to go close to 0. Last time I checked, MtGox is complying with US AML/KYC requirements and BTC is trading at ~$125.
It seems like Ripple users use tu quoque (appeal to hypocrisy) and appeal to emotion (THINK OF "ALQUAEDA") instead of backing up their statements with historical precedents and logical reasoning.
The ONLY reason you want to shut down ripple is that you own A LOT OF BITCOINS and you are afraid that it's a threat to bitcoin value so you couldn't keep your bitcoin for several years without being worried either by tax or bitcoin value.
I hope you'll get sue by Ripple one day for such dumb accusation.
That's not how Ripple's UNL works. It's based on validators, not gateways.
You as gateway (everyone can be one) chose who are your validators. To be a validators you only need do run the Rippled, and be a trustful person.If the majority of the Ripple gateway chose to NOT trust Opencoin validators, they simply can, and maintain the network active.
As much as Bitcoin users will stop to use/trust Bitcoin-Qt node for another one.
In addition, Bitcoin is not based on the majority of nodes or miners, it is based on a majority of combined difficulty.
Without the mining, gateways work as nodes/miners at the same time. They have the same functions for the safety of the network.Miners in addition have very limited influencing ability - miners can only change the order of transactions, and only that.
They can also change the base of the protocol, and creating an hardfork.It the same as the majority of the trustful gateway chose to disconnect from opencoin owned validators/gateways.
Miners cannot inflate the currency.
Neither can gateways, they can't inflate XRPs.They have only power on the IOU that they gave you, only if you trust them.
When you look at Bitcoin on your Bitstamp wallet, they are also IOU, and they can steal them from you if they want.
Miners cannot change core network rules
Yes they can, just need to be the majority.whereas OpenCoin can, as seen by account / trust line reserve requirements
They can as the Bitcoin dev team can, until the majority of the community trust them.BitStamp cannot steal my 1GLadosEke BTC in a few seconds. Bitstamp can steal my rGLadosEke BTC in a few seconds.
They can steal them until your Bitcoin are on their pockets. When you use IOU Bitcoin from Bitstamp, they are like Bitstamp/BTC-e/Mtgox codes, so they can disable them if they want.They won't be able to steal my IOU Therock Bitcoin if I don't trust them (give them the ability) to do it.
I respectfully recommend only talking about what you know about
https://yourlogicalfallacyis.com/loaded-question Are you against free speech?
I see that you really understand how Ripple works, but you are trying to spreading misleading meaning/fud to force your way.Quote
Is Bitcoin so fragile that can be killed from the free market? Who here is against the free market?
https://yourlogicalfallacyis.com/loaded-question Are you against free speech?
You are free to continue, as I'm free to say that I think that you are a liar and so I don't trust you.
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Well, I did read that (probably some time before you did...) - if my gateway does this, I can just get my lawyer and sue them for breach of contract as they are a legal entity in my jurisdiction.
Bitcoinica. Good luck, because you'll need it. http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/
Keep in mind that if this was Bitstamp, 99%+ of Ripple BTCs would be vanished.
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Still you did not explain how they would steal my BTC.Bitstamp that are sitting at an address without me doing anything...
Only semantics.
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SO WHAT ? What will you do when Mtgox or other plateforme will be shutdown by USA and that bitcoin value will come close to 0 because of that ?
Making efforts to be compliant and to insure that this network is not to fund alquaeda people is legit .
Making efforts to be compliant and to insure that this network is not to fund alquaeda people is legit .
Unfortunately MtGox isn't like HSBC who can launder billions of dollars to drug cartels and gets a slap on the wrist fine.
I also do not believe 'plateforme' like MtGox getting shut down (http://motherboard.vice.com/blog/feds-seize-funds-of-largest-bitcoin-exchange) (http://techcrunch.com/2013/08/23/feds-seize-another-2-1-million-from-mt-gox-adding-up-to-5-million/) is going to cause BTC to go close to 0. Last time I checked, MtGox is complying with US AML/KYC requirements and BTC is trading at ~$125.
It seems like Ripple users use tu quoque (appeal to hypocrisy) and appeal to emotion (THINK OF "ALQUAEDA") instead of backing up their statements with historical precedents and logical reasoning.
You can still transfer them and have full control over them - you are jsut not able to redeem the value they stand for.
https://ripple.com/wiki/Gateway_policies
https://ripple.com/wiki/Transit_Fees
A gateway is able to levy you a 100% transfer fee on their IOUs. Not only won't you be able to redeem the value they stand for, but you can't even transfer it.
You should spend more time reading the official ripple wiki, particularly:
Quote
Restricted issuance of IOUs
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
Still you did not explain how they would steal my BTC.Bitstamp that are sitting at an address without me doing anything...
You can still transfer them and have full control over them - you are jsut not able to redeem the value they stand for.
https://ripple.com/wiki/Gateway_policies
https://ripple.com/wiki/Transit_Fees
A gateway is able to levy you a 100% transfer fee on their IOUs. Not only won't you be able to redeem the value they stand for, but you can't even transfer it.
You should spend more time reading the official ripple wiki, particularly:
Quote
Restricted issuance of IOUs
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
SO WHAT ? What will you do when Mtgox or other plateforme will be shutdown by USA and that bitcoin value will come close to 0 because of that ?
Making efforts to be compliant and to insure that this network is not to fund alquaeda people is legit .
You can still transfer them and have full control over them - you are jsut not able to redeem the value they stand for.
https://ripple.com/wiki/Gateway_policies
https://ripple.com/wiki/Transit_Fees
A gateway is able to levy you a 100% transfer fee on their IOUs. Not only won't you be able to redeem the value they stand for, but you can't even transfer it.
You should spend more time reading the official ripple wiki, particularly:
Quote
Restricted issuance of IOUs
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs.
BitStamp cannot steal my 1GLadosEke BTC in a few seconds. Bitstamp can steal my rGLadosEke BTC in a few seconds.
I respectfully recommend only talking about what you know about
I respectfully recommend only talking about what you know about
Please give an example how... it is NOT possible without compromising a lot of servers at the same time, more than what is needed for Bitcoin.
2. Finished.
BitStamp cannot steal my 1GLadosEke BTC in a few seconds. Bitstamp can steal my rGLadosEke BTC in a few seconds.
I respectfully recommend only talking about what you know about
I respectfully recommend only talking about what you know about
Please give an example how... it is NOT possible without compromising a lot of servers at the same time, more than what is needed for Bitcoin.
2. Finished.
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