Ripple "Propogate" XRP/BTC, 100G/100T 50%

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: misterbigg on March 03, 2013, 10:27:45 PM

Since XRPs are not IOUs and not self-issued, I don't think you can "trust" anyone for any amount of XRP.

You trust people in terms of external currencies like BTC or USD.

sorry, good point i meant 0.003 BTC trust this = about 100XRP

on the current BTC/XRP RIPPLE trademarket

No trust is required to transact in XRPs.

Actually this should be called Propagate XRP/BTC

Mogly

member

Activity: 91

Merit: 10

Good idea, but (although you send ripples) you have to do the trust thing with others currencies, maybe USD would be the best, or BTC.

EDIT: As Misterbigg has said already.

misterbigg

legendary

Activity: 1064

Merit: 1001

Since XRPs are not IOUs and not self-issued, I don't think you can "trust" anyone for any amount of XRP.

You trust people in terms of external currencies like BTC or USD.

No trust is required to transact in XRPs.

jubalix

legendary

Activity: 2632

Merit: 1023

Ok I have invented the term Ripple "Propagate"

"Propogate" XRP/BTC, 100G/0.003BTC x10 50% V

this parts mean
XRP/BTC currency repair which means

XRP 100 GIVEAWAY
for
BTC 100 TRUST

x10 up to gives of 100 XRP

50% = pass on 50%

I will give away 100 ripples to the first 10 different sigs in this thread from different users

I ask in return that

[1] you trust me to the the value of 100 ripples (0.003BTC) and do not remove that trust.
[2] You send on 50 ripples to someone else and ask them to trust you for 50 ripples, AND to trust me for 50 ripples
[3] and ask them to send on 1/2 again and trust you for that amount

I want to see if any of this will work and how far it will propagate.
feed back as to how far this goes down

etc

Topic: Ripple "Propogate" XRP/BTC, 100G/100T 50% (Read 756 times)