Just as there are USD IOUs, EUR IOUs, BTC IOUs, and so on, is it possible to have XRP IOUs in the system? If yes, could XRP IOUs be used as transaction fees?
Ripple allows us to encode how much we trust each person. For example, I can trust A with $10K and B with $10K, and will then accept IOUs of up to $10K from each as valid dollars. In the real world, ...
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 ...