Ripple XRP surge open source and ZipZap news! - page 20.

bitcoinBull

legendary

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rippleFanatic

Quote from: coinage on September 16, 2013, 03:20:34 AM

Pathfinding is Ripple's beautiful way to send value to someone else, if there's any trust path between you. But it seems unused when you trade a currency for another one.

Try holding only USD, and then send a payment to yourself, received in BTC. You should see some trading happen on the order books (the USD gets exchanged for XRP, and the XRP for BTC).

Coinseeker

sr. member

Activity: 252

Merit: 250

If you don't have XRP, you're about to miss the gravy train. Especially at these prices. Grin

We sat at the 6000k-8000k range for months. Open source news may well push this under 1k.

Aside from price speculation, this is great news as open source is the number one complaint against Ripple. This will drive a stake right through the heart of the Ripple haters who have claimed Ripple is a scam that will never be OS. Once that's behind us, people can finally look at what genius looks like. OpenCoin is far from a perfect company but Ripple is simply genius and an asset to the entire crypto currency world. The future is so bright...I gotta wear Cool

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ?? on ??

The real question is will Ripple be able to work in a fully decentralized way?

XRP is still going to be worthless - as it should be - by the way.

You're counting on rationality of market participants. Count again.

coinage

member

Activity: 60

Merit: 10

Quote from: bitcoinBull on September 15, 2013, 08:29:53 PM

Quote from: coinage on September 15, 2013, 07:40:39 PM

Surprisingly [BTC/USD] is handled separately from BTC/XRP and XRP/USD. (There are no automated 2-step trades.) So BTC/USD has very low volume but is sometimes superior pricewise.

Not quite true. I'm pretty sure the BTC/USD order book is "synthesized" by combining the BTC/XRP and USD/XRP order books.

Currency conversion in ripple is automated. It's called "path finding", and it finds the cheapest "route" through the order books. This happens when you send someone a payment and they've chosen to receive a different currency/IOU than what you are holding.

I wish this were the case for trading, but it's not (and might not be feasible). The BTC/USD orders do not seem at all "synthesized".

Pathfinding is Ripple's beautiful way to send value to someone else, if there's any trust path between you. But it seems unused when you trade a currency for another one (keeping it yourself) using the interface at "Advanced > Trade".

Evidence:

Arbitrage can improve the BTC/USD pair, but so far there's very little volume there. Traders on Ripple should be using it routinely to save half the transfer fees compared with doing the same trade in two steps.

Let's hope more Bitcoin traders realize Ripple is an alternate Bitstamp interface, and then some!

______________________________________

Are "synthesized" order books possible?

Can't wait to see the source code though.

viboracecata

legendary

Activity: 1316

Merit: 1000

Varanida : Fair & Transparent Digital Ecosystem

Yeah, be sure you are ready to read this.

Hope big promotion for XRP

hennessyhemp

hero member

Activity: 511

Merit: 500

Hempire Loading...

My favorite place for price checking is here:

https://ripplecharts.com/
I especially like the ability to flip the chart, more charts should do that.

Might be time to grab a few more if this rumor is true.

It would be great to see "OpenCoin" actually living up to their name and their promises.

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: coinage on September 15, 2013, 07:40:39 PM

And BTC/USD etc. Surprisingly this is handled separately from BTC/XRP and XRP/USD. (There are no automated 2-step trades.) So BTC/USD has very low volume but is sometimes superior pricewise.

Not quite true. I'm pretty sure the BTC/USD order book is "synthesized" by combining the BTC/XRP and USD/XRP order books.

Currency conversion in ripple is automated. It's called "path finding", and it finds the cheapest "route" through the order books. This happens when you send someone a payment and they've chosen to receive a different currency/IOU than what you are holding.

coinage

member

Activity: 60

Merit: 10

Quote from: QuantPlus on September 15, 2013, 07:23:21 PM

"BTC/XRP" ... Order Book [for] Bitstamp ... looks like this Sunday Night Sept 15th (click on it to enlarge):

Then there is also the USD/XRP market.

And BTC/USD etc. Surprisingly this is handled separately from BTC/XRP and XRP/USD. (There are no automated 2-step trades.) So BTC/USD has very low volume but is sometimes superior pricewise.

Have you discovered how to get the Bid & Ask tables side by side every time, as shown in your image above? Most of my browsers & screen resolutions & zooming factors place the Asks below the Bids, which is tedious. If not, I'll have a look at the HTML.

[Edit: I have found a temporary workaround for this glitch (tested so far in Chromium): instead of a full-screen or maximized window, slightly reduce the browser window's width. Try a range of sizes. On Linux, you can also make the window wider than the screen. Either way, the Asks now appear properly to the right of the Bids, until the window is maximized again.]

tclo

hero member

Activity: 518

Merit: 500

Quote from: coinage on September 15, 2013, 07:22:05 PM

How about the top item at https://www.ripple.com:

September 12, 2013
New Team Members Join as Ripple Approaches Open-Source

Aha, good catch....so it is even more official now and this news should spread in the next few days. Watch the ripple client and if you see it start to edge up, then jump on quickly.

QuantPlus

sr. member

Activity: 280

Merit: 250

Quote from: bbit on September 15, 2013, 04:59:15 PM

Quote from: tclo on September 15, 2013, 04:58:21 PM

Thanks for making us aware of this. I have been buying and selling Ripple for months on this site and in the ripple client, and I miss trading it. It died out a bit but this does seem like a good bet to take. I will buy some today. It looks like the price is already creeping up a bit and this news has not spread very far yet.

where do you sell ripple?

The only reasonably tight market is thru the Ripple client.

You log into your Ripple wallet...
(Assuming you already loaded some BTC via Bitstamp)...
Then go to Advanced/Trade/Select "BTC/XRP"/Select Issuer "Bitstamp"/Click on Order Book...

Bitstamp Market looks like this Sunday Night Sept 15th (click on it to enlarge):

Then there is also the USD/XRP market.

coinage

member

Activity: 60

Merit: 10

Quote from: QuantPlus on September 15, 2013, 04:42:46 PM

And Griffin's comment was "our technology" will be open sourced...
With no confirmation from the mutes at OpenCoin...

How about the top item at https://www.ripple.com:

Quote

September 12, 2013
New Team Members Join as Ripple Approaches Open-Source

We’re growing our team to accelerate progress on the Ripple Network. Our biggest focus right now is open-sourcing the code, and that milestone is just around the bend! To keep pace with the fast-moving work, we’ve welcomed four new members to the team.

So an encouraging official statement, though not yet confirmation of Sept. 26. That might require a title more like "New Hires to Work Miracles in 14 Days".

Presumably releasing the code does not equate to sharing control of the network yet. I hope the protocols are strong and no major vulnerabilities are found by the wrong parties.

They should keep the security bug bounty in force for a good while as a hedge against that.

tclo

hero member

Activity: 518

Merit: 500

Quote from: bbit on September 15, 2013, 05:35:44 PM

Quote from: tclo on September 15, 2013, 05:27:08 PM

Quote from: bbit on September 15, 2013, 05:14:00 PM

Quote from: molecular on September 15, 2013, 03:10:38 PM

Quote from: bbit on September 15, 2013, 03:01:34 PM

Quote from: notme on September 15, 2013, 02:58:47 PM

It won't surge. OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.

Ya, I hear you on that. I found it funny the company's name is OpenCoin yet they are just getting to open sourcing it haha

Yeah they aren't very organized and have made all kinds of strategic errors along the way.

I am not a Ripple cheerleader but I am still a fan of XRP because I have made some profits on it and it's an interesting trading vehicle.

The ripple client is actually pretty cool once they get it running well.

Yes, I see you've been snatching them up Wink

~~I'm assuming you can't disclose how many xrp's you have?~~ Sent you a PM Wink

Well I have bought and sold a bunch of them over time. I don't have a huge position in them at the moment but going to slowly accumulate as it rises on the news.

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

Quote from: tclo on September 15, 2013, 05:27:08 PM

Quote from: bbit on September 15, 2013, 05:14:00 PM

Quote from: molecular on September 15, 2013, 03:10:38 PM

Quote from: bbit on September 15, 2013, 03:01:34 PM

Quote from: notme on September 15, 2013, 02:58:47 PM

It won't surge. OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.

Ya, I hear you on that. I found it funny the company's name is OpenCoin yet they are just getting to open sourcing it haha

Yeah they aren't very organized and have made all kinds of strategic errors along the way.

I am not a Ripple cheerleader but I am still a fan of XRP because I have made some profits on it and it's an interesting trading vehicle.

The ripple client is actually pretty cool once they get it running well.

Yes, I see you've been snatching them up Wink

~~I'm assuming you can't disclose how many xrp's you have?~~ Sent you a PM Wink

tclo

hero member

Activity: 518

Merit: 500

Quote from: bbit on September 15, 2013, 05:14:00 PM

Quote from: molecular on September 15, 2013, 03:10:38 PM

Quote from: bbit on September 15, 2013, 03:01:34 PM

Quote from: notme on September 15, 2013, 02:58:47 PM

It won't surge. OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.

Ya, I hear you on that. I found it funny the company's name is OpenCoin yet they are just getting to open sourcing it haha

Yeah they aren't very organized and have made all kinds of strategic errors along the way.

I am not a Ripple cheerleader but I am still a fan of XRP because I have made some profits on it and it's an interesting trading vehicle.

The ripple client is actually pretty cool once they get it running well.

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

Quote from: molecular on September 15, 2013, 03:10:38 PM

Quote from: bbit on September 15, 2013, 03:01:34 PM

Quote from: notme on September 15, 2013, 02:58:47 PM

It won't surge. OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.

Ya, I hear you on that. I found it funny the company's name is OpenCoin yet they are just getting to open sourcing it haha

tclo

hero member

Activity: 518

Merit: 500

Quote from: bitcoinBull on September 15, 2013, 04:59:48 PM

Quote from: bbit on September 15, 2013, 04:45:11 PM

Oh there is an actual price for xrp ? how can that be with there is 100 billion of them? where can I see the price?

www.rippleprice.com to check the price quickly, with USD as the quote currency (eg $0.006 dollars per ripple).

Yes the all time high was about .021 dollars per ripple.

So that is 250% increase over where it is now, and plenty of room to run.

It just needs a catalyst to shoot it back up, and this very well may be it.

The last time they did a giveaway, it shot the price up 30% in one day.

tclo

hero member

Activity: 518

Merit: 500

Quote from: bbit on September 15, 2013, 04:59:15 PM

Quote from: tclo on September 15, 2013, 04:58:21 PM

Thanks for making us aware of this. I have been buying and selling Ripple for months on this site and in the ripple client, and I miss trading it. It died out a bit but this does seem like a good bet to take. I will buy some today. It looks like the price is already creeping up a bit and this news has not spread very far yet.

where do you sell ripple?

I usually have a thread posted in the alt currencies forum. I buy it, more than sell it on here.

https://bitcointalksearch.org/topic/buying-ripple-xrp-sell-to-a-trusted-member-1-btc-for-25000-xrp-190456

bbit

legendary

Activity: 1330

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Bitcoin

Quote from: bitcoinBull on September 15, 2013, 04:59:48 PM

Quote from: bbit on September 15, 2013, 04:45:11 PM

Oh there is an actual price for xrp ? how can that be with there is 100 billion of them? where can I see the price?

www.rippleprice.com to check the price quickly, with USD as the quote currency (eg $0.006 dollars per ripple).

In most other places, eg http://xrp.webr3.org/usd-xrp you'll see the price quoted with XRP as the quote currency (165 ripples per dollar. 1/165 = $0.006 dollars per ripple)

Thanks this is what I was wondering! Thank you!

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: bbit on September 15, 2013, 04:45:11 PM

Oh there is an actual price for xrp ? how can that be with there is 100 billion of them? where can I see the price?

www.rippleprice.com to check the price quickly, with USD as the quote currency (eg $0.006 dollars per ripple).

In most other places, eg http://xrp.webr3.org/usd-xrp you'll see the price quoted with XRP as the quote currency (165 ripples per dollar. 1/165 = $0.006 dollars per ripple)

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

Quote from: tclo on September 15, 2013, 04:58:21 PM

Thanks for making us aware of this. I have been buying and selling Ripple for months on this site and in the ripple client, and I miss trading it. It died out a bit but this does seem like a good bet to take. I will buy some today. It looks like the price is already creeping up a bit and this news has not spread very far yet.

where do you sell ripple?

Topic: Ripple XRP surge open source and ZipZap news! - page 20. (Read 28041 times)