In Ripple, bridges often encode a Bitcoin address as an InvoiceID in a transaction. According to Services API wiki page, InvoiceID is represented as UInt256, so it should be padded. Which is the ...
I see Ripple now has 2 Gateways, WeExchange and Bitstamp. I sent 1 BTC to WeExchange, and got in return 1 "WeExchange BTC in Ripple". How do I exchange it directly for 1 "Bitstsamp BTC in Ripple"? ...
Is there any chance of the Ripple gateway market NOT consolidating into a small transnational oligopoly?
Bigger and better reputations might beget more business and so on. What can possibly prevent emergence of a small oligopoly of transnational Ripple gateways ?
What happens when a gateway on the Ripple network defaults or simply vanishes? Do people that got their money from it lose that money, do other gateways honour the IOUs issued by that gateway still, ...
How does a gateway IOU differ from any other IOU on the Ripple network? Say, if I got a $1000 from a gateway, does that make it a better currency than say, creating a second account and sending myself ...
A Gateway must do two things accept some form of deposit from a user and give the user Gateway IOUs. (Other -> ripple) accept Gateway IOUs from a user and send that user payment. ...