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Topic: ripple: let's test it! - page 17. (Read 43925 times)

member
Activity: 79
Merit: 10
February 27, 2013, 04:17:59 PM
You can type any currency pair you want into the trade dropdown. Speaking of which, can anybody else see my BTC/BTC trade? The client makes it a puzzle to set up the trade correctly, but I don't see a reason it shouldn't work.
legendary
Activity: 1372
Merit: 1003
February 27, 2013, 03:54:02 PM
Why doesn't Ripple offer GBP/BTC pair its the third largest currency that BTC is traded in and if Ripple is targeting bitcoin users to get this project jump-started then it'd be a good thing to offer users.  Also can anyone answer this - https://bitcointalksearch.org/topic/m.1564551 -

This might sound stupid but does anyone know how to withdraw GBP IOU's to Ripple from Bitstamp using BTC  Huh

What do you mean by "using BTC"? Can't you just simply withdraw GBP from you bitstamp wallet to your ripple wallet?


I'm new to Bitstamp the fact they are a (GBP offering) Ripple trusted Gateway brought me there.  Although it seems all funds not in BTC held at the exchange are held in USD.  I could find no way to sell BTC/GBP only USD/BTC.
donator
Activity: 2772
Merit: 1019
February 27, 2013, 03:51:00 PM
Why doesn't Ripple offer GBP/BTC pair its the third largest currency that BTC is traded in and if Ripple is targeting bitcoin users to get this project jump-started then it'd be a good thing to offer users.  Also can anyone answer this - https://bitcointalksearch.org/topic/m.1564551 -

This might sound stupid but does anyone know how to withdraw GBP IOU's to Ripple from Bitstamp using BTC  Huh

What do you mean by "using BTC"? Can't you just simply withdraw GBP from you bitstamp wallet to your ripple wallet?
legendary
Activity: 1372
Merit: 1003
February 27, 2013, 03:13:34 PM
Why doesn't Ripple offer GBP/BTC pair its the third largest currency that BTC is traded in and if Ripple is targeting bitcoin users to get this project jump-started then it'd be a good thing to offer users.  Also can anyone answer this - https://bitcointalksearch.org/topic/m.1564551 -

This might sound stupid but does anyone know how to withdraw GBP IOU's to Ripple from Bitstamp using BTC  Huh
member
Activity: 79
Merit: 10
February 27, 2013, 03:41:21 AM
Is anybody else having trouble making transactions that change IOU issuer? Currently I have some WeExchange BTC that I'd like to turn into Bitstamp BTC. It seems that the simplest way to do this quickly is to deposit them at Bitstamp and then withdraw again. I try to make the transaction, and it seems to find a path, but the transaction fails with "Error: Path could not send full amount."


An other way would be to use XRP as a proxy but right now I guess the spread in the order book is too large for you to make it without losing a lot of money.


That's how it ended up in WeExchange BTC... with a little "profit" along the way.
legendary
Activity: 1498
Merit: 1000
February 27, 2013, 03:13:51 AM
Last Price isn't working on the trade, anyone noticed it? I thought maybe no one was buying but I just brought some XRP's thru it and the Last Price still says N/A for me? Bug?
legendary
Activity: 1288
Merit: 1080
February 27, 2013, 03:15:41 AM
Last Price isn't working on the trade, anyone noticed it? I thought maybe no one was buying but I just brought some XRP's thru it and the Last Price still says N/A for me? Bug?

It takes a bit of time sometimes to update.
legendary
Activity: 1288
Merit: 1080
February 27, 2013, 03:13:43 AM
Is anybody else having trouble making transactions that change IOU issuer? Currently I have some WeExchange BTC that I'd like to turn into Bitstamp BTC. It seems that the simplest way to do this quickly is to deposit them at Bitstamp and then withdraw again. I try to make the transaction, and it seems to find a path, but the transaction fails with "Error: Path could not send full amount."


An other way would be to use XRP as a proxy but right now I guess the spread in the order book is too large for you to make it without losing a lot of money.

I'm currently trying to fill the order book of bitstamp's BTC/XRP,  but I'm not used to these kind of stuff so I only do very small amounts.
member
Activity: 79
Merit: 10
February 27, 2013, 03:04:22 AM
Is anybody else having trouble making transactions that change IOU issuer? Currently I have some WeExchange BTC that I'd like to turn into Bitstamp BTC. It seems that the simplest way to do this quickly is to deposit them at Bitstamp and then withdraw again. I try to make the transaction, and it seems to find a path, but the transaction fails with "Error: Path could not send full amount."
donator
Activity: 2772
Merit: 1019
February 27, 2013, 02:51:36 AM
How would I technically go about exchanging my bitstamp IOUs for -say- bitcoin-central IOUs?
If you want to redeem those IOUs through bitcoin-central, you can just go through bitcoin-central's withdraw process. The IOUs will be exchanged during the payment process.

Otherwise, you should first drop the credit you extend to the issuer whose IOUs you want to get rid of to signal that you want to get rid of those IOUs. Otherwise, you may just get them back immediately. This will also hint to other people that you prefer bitcoin-central IOUs to bitstamp IOUs. Other people who need to go in the other direction will then preferentially use you, giving both of you the IOUs you prefer (this isn't fully implemented on the network yet but should be in the next week or so). That way, they pay some of the fees.

To actually force the IOUs to change without making a payment to someone else, you'd need to either take an offer with the same currency on both sides or create a circular payment path through someone else that pushes IOUs back to you. (Or create a payment transaction that does some combination of these.) I don't believe either of these are supported in the client yet.


I see. So basically currently I would have to make transactions. I tried looking at an orderbook with the same currencies on both sides, but that didn't seem to be supported. It's good to hear this is just a limitation of the client.
newbie
Activity: 25
Merit: 0
February 27, 2013, 12:33:25 AM
This all looks quite interesting. I've signed up, but it seems there is no possibility to get XRP at the moment (I was too late for the giveaway). Does anybody have 300 XRP (should be enough to enable the basic features) or so to spare?

Ripple address: rsa8BE2DfzLC52XQMUv3gECoZXQL7FNGig

sure, it's done.


Thanks Molecular, that's appreciated.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
February 26, 2013, 09:16:04 PM
I'll play.

r3hRKGL1JKWXJDujchZXrs6Pa16xsM6JjS
legendary
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
February 26, 2013, 08:10:39 PM
How would I technically go about exchanging my bitstamp IOUs for -say- bitcoin-central IOUs?
If you want to redeem those IOUs through bitcoin-central, you can just go through bitcoin-central's withdraw process. The IOUs will be exchanged during the payment process.

Otherwise, you should first drop the credit you extend to the issuer whose IOUs you want to get rid of to signal that you want to get rid of those IOUs. Otherwise, you may just get them back immediately. This will also hint to other people that you prefer bitcoin-central IOUs to bitstamp IOUs. Other people who need to go in the other direction will then preferentially use you, giving both of you the IOUs you prefer (this isn't fully implemented on the network yet but should be in the next week or so). That way, they pay some of the fees.

To actually force the IOUs to change without making a payment to someone else, you'd need to either take an offer with the same currency on both sides or create a circular payment path through someone else that pushes IOUs back to you. (Or create a payment transaction that does some combination of these.) I don't believe either of these are supported in the client yet.
donator
Activity: 2772
Merit: 1019
February 26, 2013, 05:49:11 PM
Different question. I've granted 0.6 BTC trust to bitstamp and hold 0.3 BTC/bitstamp. I was fooling around and dropped my trust to bitstamp from 0.6 BTC to 0.2. My account showed that I still held 0.3 BTC/bitstamp, exceeding my trust limit. Shouldn't lowering trust levels below existing IOUs owned have triggered some process whereby 0.1 BTC/bitstamp was immediately returned to bitstamp and converted into BTC, thereby bringing my balance in line with trust granted?
"If I tell the system that I don't trust bitstamp to exchange my BTC IOUs for real Bitcoins, should Ripple automatically trust bistamp to exchange my BTC IOUs for real Bitcoins?"

Of course not. If you don't trust them, the last thing you want to do is destroy the IOUs you hold and trust them to actually send you the Bitcoins since that is exactly what you just said you didn't trust them to do. You can use those IOUs to make Ripple payments and exchange for other IOUs and nothing Bitstamp can do can stop you. You can let other people take those IOUs from you and in return give you IOUs from issuers you do trust. If you don't trust them to redeem them, that's what you want to do with them.

If you do still trust them to redeem the IOUs and are lowering the trust because you don't want to acquire any more IOUs (maybe you're switching gateways) or fear that they'll stop redeeming in the future even though you trust them now, you can follow up by withdrawing the IOUs using the gateway's normal interface.


How would I technically go about exchanging my bitstamp IOUs for -say- bitcoin-central IOUs?
legendary
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
February 26, 2013, 05:22:19 PM
Different question. I've granted 0.6 BTC trust to bitstamp and hold 0.3 BTC/bitstamp. I was fooling around and dropped my trust to bitstamp from 0.6 BTC to 0.2. My account showed that I still held 0.3 BTC/bitstamp, exceeding my trust limit. Shouldn't lowering trust levels below existing IOUs owned have triggered some process whereby 0.1 BTC/bitstamp was immediately returned to bitstamp and converted into BTC, thereby bringing my balance in line with trust granted?
"If I tell the system that I don't trust bitstamp to exchange my BTC IOUs for real Bitcoins, should Ripple automatically trust bistamp to exchange my BTC IOUs for real Bitcoins?"

Of course not. If you don't trust them, the last thing you want to do is destroy the IOUs you hold and trust them to actually send you the Bitcoins since that is exactly what you just said you didn't trust them to do. You can use those IOUs to make Ripple payments and exchange for other IOUs and nothing Bitstamp can do can stop you. You can let other people take those IOUs from you and in return give you IOUs from issuers you do trust. If you don't trust them to redeem them, that's what you want to do with them.

If you do still trust them to redeem the IOUs and are lowering the trust because you don't want to acquire any more IOUs (maybe you're switching gateways) or fear that they'll stop redeeming in the future even though you trust them now, you can follow up by withdrawing the IOUs using the gateway's normal interface.
full member
Activity: 126
Merit: 100
February 26, 2013, 02:59:26 PM
However #3, I still am undecided how to use ripple now. Trust everyone with 0.01 BTC? Trust the known veterans with 1 BTC? Trust my real-life buddies with 100 BTC? Is ripple of any use for me anyway, concerning gateways? Will I (and everyone else here) be scammed to death?
Trust your real-life buddies, and gateways - but don't let the sum of your outstanding trust exceed what you can make good on (in BTC, USD or other currency). Only give XRP away to strangers on the forum for the purpose of testing the system.
donator
Activity: 2772
Merit: 1019
February 26, 2013, 02:47:05 PM
This all looks quite interesting. I've signed up, but it seems there is no possibility to get XRP at the moment (I was too late for the giveaway). Does anybody have 300 XRP (should be enough to enable the basic features) or so to spare?

Ripple address: rsa8BE2DfzLC52XQMUv3gECoZXQL7FNGig

sure, it's done.
newbie
Activity: 25
Merit: 0
February 26, 2013, 02:45:44 PM
I registered on ripple.com and tried to login again next day.
Quote
Payward  Wallet not found (Username / Password is wrong)
I could login/restore my account by entering the secret key.
Maybe my "account" is saved in a cookie, which are deleted daily..?

I copied all ripple addresses in this thread here until now:

Code:
bitstamp	rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B

molecular rpH3zuMch2GrrYX724xGWwbMGwiQ5RbSAU
Severian rDqSvk6fRhKq5tSW7GpWFFHG5pG2XE3mtR
gweedo rKFX2Gvk4jLtgEGMC2qDmMi18Zw4bewrjK
Mageant rPDT5apJsfy8Jbz3M8jXzXskMsKAANhM9p
lebing rJFGHvCtpPrftTmeNAs8bYy5xUeTaxCD5t
herzmeister rUdPvX9YN1NwyniwiJeSW6y3YKZL84gsB6
ribuck ra3a5cfr83b5FTh1YDURqWQh8HTbHEwdyD
Spekulatius rNHf9nnX4JgHferxjRxmapDev7mWQZ6XXd
Bitobsessed rKfd86S25PUdVquk41xedH5jNX4bZ8DiA7
Akka r9RpJFpD6vkKhgHhrRjkgofSbNsE1oYFZ1
bbit rB7qiwEDrcMShUN3Jd8LwXr4RJ7RWBaQu8
ryanAC rJA6mGHsw5yCynLFRe3rjGqaCMk2YpmuMy
phelix rM3puGNYNQTWuqsQpkzxSpmWFqGGuY29Vb
kokojie rNexqWdz7q16e6PPBDsD2XxxzFS64SAEYS
Peter Lambert rGsLivkDjTZHFQ8oV2h81uTcbTpgjEaEY7
jorgen rQay7bQ3XoZcT6E3c8uDopZdnWaMBxWea2
Belkaar rJVshcxcxSAXkgzg1PiUQWr5TodTNAETva
grondilu rpuebQXsR7kAst5yidD6fmGmJHD4niXzbo
Timo Y rG8VFQPaJB2gNjx29Et1wKUJettQP1eLmk
Melbustus rKAw7uHrdUUEqtfFhBBHe6unyh57PLpCc4
Aahzman r9TWUUN8duW1rDqJ2yz2wjksc8A9BpxPUh
AlexNeto rp3Papsq3aXf3gswfgfaqgegjLAEVaw8V1
thoughtcourier rn7iD6DpnCwH8kjJDCsENibMXkgmJkRCRz
znort987 rnozMbmRYfqvn15iBFNeeRJs95gagR2B46
RaTTuS rw65MQQDpWQYGxFEtcQk3r6dpeZ2gx5zff
romerun rU3cgYfpu9jedq8GnW43ArEntsWTD6Sg4n
PRab rEdaspCuZQWrxrGiGMQW3iPXjmEnfUxkqN

With this being mine:
Code:
Ente	rNEtVs4kNeESF5HbWCDZMYcWwKZ5iKwUEr

However, with a million addresses being published in the giveaway thread a list doesn't seem to be of any use at all.

However #2, I don't know what exactly I want to achieve with my address being stated here..

However #3, I still am undecided how to use ripple now. Trust everyone with 0.01 BTC? Trust the known veterans with 1 BTC? Trust my real-life buddies with 100 BTC? Is ripple of any use for me anyway, concerning gateways? Will I (and everyone else here) be scammed to death?

Ah, I didn't even start with questions concerning opencoin and XRPs.

More questions every other minute!  Huh

Ente

I'm fooling around with Ripple too. The list is long, so I'm just going to add the top 3 people from that list and grant .05 BTC trust to each.

My ripple address is rMpB2AsrDTdbynCB48hg8MwHLD4wtXJfRJ

Different question. I've granted 0.6 BTC trust to bitstamp and hold 0.3 BTC/bitstamp. I was fooling around and dropped my trust to bitstamp from 0.6 BTC to 0.2. My account showed that I still held 0.3 BTC/bitstamp, exceeding my trust limit. Shouldn't lowering trust levels below existing IOUs owned have triggered some process whereby 0.1 BTC/bitstamp was immediately returned to bitstamp and converted into BTC, thereby bringing my balance in line with trust granted?

It seems like a bad idea to simply choose a few people from a list and extend trust to them, it destroys the whole idea of trust. Be careful with it!
newbie
Activity: 25
Merit: 0
February 26, 2013, 02:37:33 PM
This all looks quite interesting. I've signed up, but it seems there is no possibility to get XRP at the moment (I was too late for the giveaway). Does anybody have 300 XRP (should be enough to enable the basic features) or so to spare?

Ripple address: rsa8BE2DfzLC52XQMUv3gECoZXQL7FNGig
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
February 26, 2013, 02:19:28 PM

Different question. I've granted 0.6 BTC trust to bitstamp and hold 0.3 BTC/bitstamp. I was fooling around and dropped my trust to bitstamp from 0.6 BTC to 0.2. My account showed that I still held 0.3 BTC/bitstamp, exceeding my trust limit. Shouldn't lowering trust levels below existing IOUs owned have triggered some process whereby 0.1 BTC/bitstamp was immediately returned to bitstamp and converted into BTC, thereby bringing my balance in line with trust granted?

As I understand, lowering your trust does not trigger any money movement. Bitstamp will no longer be able to send you IOUs, and nobody else will be able to give you their IOUs either. The next time you send anybody BTC, the Bitstamp BTC will be sent, if they trust Bitstamp.
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