7

The short answer: using the info you and your friend provided, Ripple did what was best for everyone. I don't know how to pull up the details of the transaction number you link to (I have no affiliation with Ripple other than as a user). But using the Ripple Live Graph I can infer the account of your friend and I note that currently your friend has no trust ...


7

There are only two known "attacks" you can perform with a large amount of XRP. First, you can dump a large amount of XRP on the market. This will reduce the value of XRP, which OpenCoin would have to report as a loss. The net effect would be that people who hold XRP as a store of value would be harmed. So if you choose to use XRP as a store of value, you ...


5

The Ripple account reserves are documented on the Ripple wiki. The trust line reserves are only for trust that you set. Others cannot cause your reserves to increase by adding a trust line to you. The client warns you when you are bellow twice your current XRP reserve limit by placing a warning symbol beside your XRP summary (located at the top right of ...


2

Why does the current Ripple protocol require a global consensus? Can someone use the old Ripple design to make money between people actually work in a local community without a global singleton ledger? Wait a sec! WHY DOES RIPPLE EVEN NEED A GLOBAL LEDGER AND CONSENSUS? Each person extends a credit line to their friends, whom they trust. All you need is ...


1

(1) Each validating server maintains a list of trusted servers known as Unique Node List (UNL). This is correct for the XRP Ledger. Non-validating servers do this too. (2) Servers only trust the votes issued by other servers which are contained in their UNL. These are votes for whether to delay a valid transaction or process it immediately. This is ...


1

for now there is none... you can only use single destination address


1

If everyone chooses a completely disparate sets of validators the network will be unlikely to reach consensus that a particular version of the ledger is the one true and accurate ledger. But, in practice, people's UNL lists will overlap. This overlap causes the honest validators to come to the same consensus. Every honest user of the system wants the system ...


1

Having an IOU from one person in no way changes your ability to offer IOUs to anyone else. So the basic premise doesn't make sense. When you decide to allow a particular account to hold a balance with you, you are electing to trust only that particular source. You can never be owed money by someone you didn't agree to allow you to owe money. In the gateway ...


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