Web of Trust - a decentralised trust model

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6
votes
1answer
334 views

In Ripple, when an IOU is defaulted upon, who gets hurt?

Let's say there are five people. Alice <-> Bob <-> Charlie <-> David <-> Eve Each of them trusts the person next to them. For instance, Charlie trusts Bob and David, but not Alice ...
5
votes
1answer
281 views

Can Ripple exist without ripples?

Can a system like Ripple exist without a currency like ripples? As they are not used to pay the peers in the system, and their supply / fee ratio is so large they do not appear to be stopping the ...
5
votes
2answers
253 views

How does a gateway IOU differ from any other IOU on the Ripple network?

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 ...
3
votes
2answers
327 views

Does sending non-ripple-money through Ripple require two people to be connected through a web of trust?

Say we have two people - first one puts some money into their Ripple address through a use of a gateway. They are not trusting anyone on the network, but need to send their money to a second party ...