Questions tagged [wot]

Web of Trust - a decentralised trust model

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6 votes
1 answer
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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 or ...
Nick ODell's user avatar
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6 votes
2 answers
703 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 ...
ThePiachu's user avatar
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5 votes
1 answer
326 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 ...
ThePiachu's user avatar
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3 votes
2 answers
772 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 ...
ThePiachu's user avatar
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