Ripple is a multi-currency payment system.
3
votes
2answers
132 views
I traded XRP for BTC. How do I withdraw my bitcoins from ripple.com?
I traded XRP for BTC. How do I withdraw my bitcoins from ripple.com? I guess I need to withdraw to bitstamp.net somehow?
3
votes
2answers
69 views
Will ripple automagically use the ordebook when finding a path?
I have a question regarding this scenario.
A (test-gateway)
28000 XRP in balance
B (user1)
trust line with A for 1000 USD
400 XRP in balance
C (user2)
trust line with bitstamp for 100 BTC
...
3
votes
2answers
82 views
When does OpenCoin Inc intend to make the Ripple server code public?
Is there a definite timeline or not? Thank you.
-1
votes
0answers
69 views
Ripple vs VISA/Mastercard = Visapple?[closed| [closed]
according to this question:How is a Ripple gateway different than a conventional bank?
answered:
"A Ripple gateway acts much like a bank. They compete based on trust, convenience, and cost. They hold ...
1
vote
2answers
201 views
Can Ripple XRP be a good store of value with >50% ownership known?
The fact that the vast majority of XRP ownership is known represents from my point of view the main threat to the value of the currency and the project itself.
Do Ripple founders and OpenCoin have ...
-4
votes
0answers
40 views
Ripple bridge transaction - no path [closed]
I have a set up - https://docs.google.com/spreadsheet/ccc?key=0AmD3-fegSEY2dDROeFBOVmZqMi15RnlLM3dCWWppeVE#gid=0
My goal is to transfer USD IOU through BTC\USD offers bridge between.
Unfortunately ...
1
vote
1answer
142 views
What happens when I buy BTC with XRP from the Ripple client?
I don't see anywhere in the ripple client that shows my bitcoin address, and I can't recall if I entered it. When I make an offer to buy X BTC for Y XRP, where does the BTC go when accepted?
0
votes
0answers
94 views
Law / country specifics to start Ripple Gateway
There is requirement in https://ripple.com/wiki/Gateway_Integration_Manual
Gateways should comply with the BSA, have AML policies and require KYC information.
As i understand this requirements can be ...
-2
votes
0answers
146 views
How to get XRP ? [closed]
I created a ripple account, but I don't know how to get XRP,so I don't know how it works.Can someone just send me some XRPs to let me get started,thanks.My adress is r4bEZpdjbxJb1uvgCqmLWWoAXgktezurLk ...
0
votes
1answer
228 views
Does it make sense to hoard on ripples like bitcoins? [closed]
Total number of bitcoins that will ever exist are 21 million and are deflated.
Ripples are pre-mined 100 billion. Would hoarding 30000 XRP now will get me a profit in the future from a speculation ...
0
votes
2answers
96 views
(Ripple + wire transfer) x Banking (loans) multiplicator = 2x debt crisis?
if Ripple users would use % loans uncontrolled way?
For example:
system (gateway) have 100 bitcoins, the quantity is limited, bitcoin holders have issued 100 loans for 1 bitcoin each with 10% rate ...
5
votes
2answers
464 views
Ripple XRP in circulation [duplicate]
From the 100 billion of total XRP, 20 billion went to the founders and 30 billion to OpenCoin to fund development. The 50 billion remaining are supposed to be given away to promote Ripple.
Is there ...
2
votes
1answer
74 views
Do you need XRP reserves to receive trust lines?
As far as I understand, you need to keep some XRP in reserve for each trust line and for each open offer.
Does that apply only for outgoing trust, or for incoming trust too?
In the latter case, what ...
2
votes
1answer
78 views
Using Ripple for assets accounting, loans, deposits, stock exchange, etc
If Ripple can handle money as exchanger, is it possible to use it for other financial operations like assets accounting, loans, deposits, stock exchange etc.?
2
votes
1answer
90 views
How to restore a ripple wallet, having the security key?
If I try to login to ripple.com I get this message
Fetching wallet...
Payward Wallet not found (Username / Password is wrong)
Local browser Wallet not found (Username / Password is wrong)
It ...
3
votes
1answer
207 views
How to create a ripple gateway?
I want to know what to do if I want to create a ripple gateway, so that people can use it and exchange on it. Where do I start?
-1
votes
1answer
176 views
What is the total value of XRPs or the market cap of Ripple?
On bitstamp today, $1 = 225XRP. That makes 100 billion XRPs worth $450 million.
Ripple's a payment system that can't be used to buy anything yet and it's transaction credits are worth half a billion.
...
2
votes
1answer
136 views
How to withdraw all funds from a Ripple account?
I'm trying to close my account by withdrawing all my XRP into a new account. But the Ripple client insists on keeping a minimum balance of 50 XRP. How can I properly close this account?
2
votes
1answer
205 views
How does Ripple decide on the exchange rate between different currencies?
When A pays in USD but B receives EUR, how exactly does Ripple decide on the EUR/USD exchange rate?
1
vote
1answer
71 views
Is it possible to execute a double-spending attack in Ripple during a network split?
From the spec (emphasis added):
Under a net split, a ledger may be closed by the minority of network, this ledger may be discarded in the future.
Does this mean it would be possible to spend ...
1
vote
1answer
53 views
In Ripple, what is “Total XRP” in the ledger header?
In the spec for the ledger format there's a field called "Total XRP" in the header. Is this the total number of XRPs in circulation? Does this value get decremented with each transaction?
Can this ...
1
vote
1answer
41 views
With Ripple, what is lsfDisallowXRP?
In the spec for the ledger format, there's a flag called "lsfDisallowXRP" in the account root entry. It says: "Indicates that this account does not want to receive XRP." But why wouldn't an account ...
1
vote
1answer
28 views
With Ripple, what is “Close Resolution?”
In the spec for the ledger format, there's something called "Close Resolution" in the header. It is described as "the resolution (in seconds) of the close time." What does it mean, and what is its ...
1
vote
1answer
40 views
Are transit fees supposed to be common in Ripple?
In addition to transaction fees, Ripple also has transit fees when exchanging IOUs. Is it supposed to be common to pay transit fees, or is it for rare cases only? How much would the transit fees ...
1
vote
1answer
69 views
With Ripple, is it possible to have XRP IOUs?
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?
2
votes
1answer
96 views
How are Ripple transaction fees “destroyed?”
What is the exact process by which the transaction fees are "destroyed?" Are they sent to a special account, or simply erased from the ledger?
1
vote
1answer
89 views
How to create more ripples?
What is the exact procedure for creating more Ripple currency units (XRP) in excess of the default 100 billion that already exist?
1
vote
1answer
71 views
With Ripple, how is base fee (transaction fee) calculated?
The Ripple wiki says (emphasis added):
If the reference transaction should cost 10 millionths of a ripple, the "base fee" should be set to 10. This is the current value. This makes it very simple ...
2
votes
1answer
54 views
What are the special Ripple accounts ACCOUNT_ZERO, ACCOUNT_ONE, and root account?
What are the special accounts ACCOUNT_ZERO, ACCOUNT_ONE, and root account? It's not clear from the Ripple wiki what they are meant for. A little explanation would be nice.
What makes these accounts ...
2
votes
1answer
86 views
Why does Ripple's consensus process have a 80% threshold?
A transaction is confirmed if 80% of the nodes in the UNL accept it. Where does this 80% number come from? Could it just as well have been 79% or 81%? What about 51%?
Can different nodes have ...
2
votes
1answer
413 views
How to buy a million ripples?
If someone wanted to buy up lots of ripples, say a million, how would they go about doing it?
Currently the exchanges don't seem to give good rates, and trading one-to-one with someone else would be ...
2
votes
1answer
127 views
How is a Ripple gateway different than a conventional bank?
Everything I've read so far suggests that a Ripple "gateway" is just like a bank. How is it different than a conventional bank?
Is it possible to have a bank of banks (central bank) in Ripple?
4
votes
2answers
100 views
What is the relationship between the Ripple secret key and the wallet name/passphrase?
The Ripple client has both a wallet name/passphrase and a secret key, and to the newbie it's not clear why there are two secrets. The client advises the user to write down the secret key and keep it ...
4
votes
1answer
205 views
What are Ripple's weaknesses?
Bitcoin's vulnerabilities are well documented. Is there are similar document for Ripple?
2
votes
1answer
107 views
Is it possible to create more ripples? [duplicate]
Currently there are only 100 billion ripples (XRP), which are slowly being distributed, and a fraction of a ripple is destroyed with each transaction.
In the future if we run out of ripples, or if ...
5
votes
1answer
300 views
What is the Ripple equivalent of the “51% attack?”
In Bitcoin, if a participant gains control of more than 50% of the hash power, they can execute a double-spending attack. The "attack" could come from within, say if the existing powerful miners ...
7
votes
2answers
226 views
What are the pros and cons of Ripple's consensus as compared with Bitcoin's proof-of-work?
One of the major differences between Bitcoin and Ripple is how they process transactions. I can think of three ways in which Ripple's "consensus" scheme is superior to Bitcoin's proof-of-work:
Less ...
1
vote
1answer
115 views
Ripple two types of trust. Or no?
I tend to distinguish two types of trust:
a) I trust you to lend me XXX in quantity up to N units.
b) I trust you to borrow from me YYY in quantity up to M units.
However, ripple documentation ...
1
vote
0answers
119 views
How can I recover access to Ripple wallet
I have been 'playing' with my account at ripple.com. Among other things I tried to access another Bitcoin issuer (server, gateway?) by typing and saving WeExchange address in Advanced, Options, Web ...
2
votes
1answer
211 views
Is there any rational economic reason to purchase XRP early?
Deflation is a main economic reason to buy bitcoins earlier. However, is there any rational economic reason to purchase XRP early? As far as I know OpenCoin is not clear on distribution policy. The ...
5
votes
1answer
115 views
What precautions should be taken to protect a Ripple wallet?
What if a Ripple wallet gets hacked?
What are the suggested precautions for the average user?
6
votes
1answer
160 views
Won't ripples run out in time?
If there are a finite number of ripples, and ripple transaction fees get destroyed with each transaction, then wont they eventually run out?
-3
votes
1answer
130 views
Ripple initial distribution of XRP coins [duplicate]
My understanding is there are 100 billion pre-mined XRP coins all belonging to Open Coin who have a vague plan to distribute them at some point in time, fairly. Does anyone else see a problem with ...
1
vote
1answer
40 views
What does the sum column in Riple.com order book mean?
Look at this entry:
Sum BTC Size BTC Bid Price XRP
3.77987104 2.77987104 22,999.9999
How is sum of 3.77987104 calculated?
2
votes
1answer
160 views
How exactly is my account/wallet at ripple.com secure?
Ok, I have my wallet name, passphrase and secret account key issued by 'the network'.
Now say that ripple.com is under DDOS attack or, for whatever reason closes for a month or even becomes ...
3
votes
1answer
118 views
What does it mean that ripples are destroyed?
I learn that, whether involving the transaction fees, or in some other cases, ripples can be destroyed.
What does it mean?
If I was charged a fee, does that mean that nobody got that fee as a ...
4
votes
2answers
246 views
What are the ways to create an offline Ripple wallet?
Do I have to download/compile my own version of the client? Is there a difference between the Ripple and Bitcoin wallet address creation methods, or can I use, say brainwallet, also for Ripple?
Note: ...
1
vote
1answer
177 views
How can I sell BTC on Ripple com?
I have just been helped by a friend and got 300 XRPs (which quickly became 299, thank you) and then I transferred 1 BTC from another address to my Ripple.com wallet.
First Ripple.com shows 299 XRP ...
1
vote
1answer
62 views
Is Ripple's distributed exchange scalable?
This question asks about the scalability of Ripple in general, and has an ok answer.
However, it doesn't mention the distributed exchange built in Ripple. How is its current/future architecture ...
-2
votes
1answer
216 views
What stops Ripple users from creating a pyramid scheme with IOU's?
What stops the Ripple users from acting like fractional reserve banks or creating a pyramid scheme of debt? If the practice of over leveraging debt is prevalent how could this effect the Ripple ...
