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Title: Ripples...How Do I buy them? Post by: redbos on April 15, 2013, 11:06:34 PM hello everyone,
i've been trying to figure out how to buy or exchange ripples, and i'm pretty sure there is not an exchange at the moment. am i wrong in this? any ideas on how to convert BTC to XRP in an efficient manner? thanks! mike Title: Re: Ripples...How Do I buy them? Post by: Bandini on April 15, 2013, 11:11:46 PM What are ripple?
Title: Re: Ripples...How Do I buy them? Post by: Stark-Fujikawa on April 15, 2013, 11:13:26 PM Title: Re: Ripples...How Do I buy them? Post by: adamthefishman on April 15, 2013, 11:38:15 PM I dont think there are ripples for sale. I think each user just selects the currencies they will transact in, and those units get transfered, ie USD and BTC.
Title: Re: Ripples...How Do I buy them? Post by: Matthias195 on April 15, 2013, 11:56:28 PM they are given away i think by those who already own them
Title: Re: Ripples...How Do I buy them? Post by: LaggedOnUser on April 16, 2013, 12:15:28 AM Some users in these forums are offering to buy and sell Ripple coins for Bitcoins (https://bitcointalk.org/index.php?topic=148114.0).
Title: Re: Ripples...How Do I buy them? Post by: mobydick on April 16, 2013, 01:47:27 AM Open a Bitmit account, transfer some BTC over, then buy ripples.
Pretty cool system which uses escrow to hold funds, makes it fair for everyone. Title: Re: Ripples...How Do I buy them? Post by: Bailbonds on April 16, 2013, 02:24:35 AM >:(
Title: Re: Ripples...How Do I buy them? Post by: enigma1265 on April 16, 2013, 02:56:07 AM so no way to directly buy them yet?
Title: Re: Ripples...How Do I buy them? Post by: redbos on April 16, 2013, 03:40:36 PM there doesnt seem to be a MtGox-type exchange to convert USD to Ripples yet. but it seems easy enough to convert BTC into XRP through bitstamp.
i imagine that there will be an exchange here shortly, or i guess in the Ripple world we would call this a "Gateway". Title: Re: Ripples...How Do I buy them? Post by: pheaonix on April 16, 2013, 03:41:36 PM plenty of people are selling their stacks of 29,800 ripple. i sold mine off for some btc. was a pretty smooth transaction.
Title: Re: Ripples...How Do I buy them? Post by: mmeijeri on April 16, 2013, 03:42:48 PM there doesnt seem to be a MtGox-type exchange to convert USD to Ripples yet. but it seems easy enough to convert BTC into XRP through bitstamp. i imagine that there will be an exchange here shortly, or i guess in the Ripple world we would call this a "Gateway". Ripple is its own exchange. Once you are in, you can use it to buy more XRP. Title: Re: Ripples...How Do I buy them? Post by: TheSwede75 on April 16, 2013, 03:49:43 PM Not sure about ripple so far. Lots of hype in a lot of 'Coin' startups such as opencoin, Ripple etc. However, since it's tied to BTC I don't see any 'early adopter' advantage really.
Title: Re: Ripples...How Do I buy them? Post by: prophetx on April 16, 2013, 04:13:12 PM you can buy them at ripple.com but you need an account that can trade which i think requires you to have 300 XRP (which you can send back to the person that sends them to you)
Title: Re: Ripples...How Do I buy them? Post by: ripplesandbits on April 16, 2013, 04:22:15 PM you buy them while they are unheard of from the masses :)
Title: Re: Ripples...How Do I buy them? Post by: dancupid on April 16, 2013, 04:28:30 PM Ripple has a built in exchange for many currencies.
The bitstamp.com exchange is also functioning as a gateway to ripple. Transfer some bitcoins (or dollars) to your bitstamp account. Withdraw your bitcoins from bitstamp to your Ripple address. Click the advanced tab in ripple and click trade. Choose btc/xrp (or usd/xrp) from the drop down. Click 'sell btc' Place an order. You'll then have the ripples you bought in your ripple account. I think you need 300xrp to start though. edit - at some point you need to add bitstamp's ripple address, I forget at which step - it's obvious when you go through the process. Title: Re: Ripples...How Do I buy them? Post by: WildElf on April 16, 2013, 04:43:06 PM So it would seem from what I am reading that Ripples are going to be more stable than Bitcoin...anyone think there is going to be a mass selloff/trade of Bitcoin for Ripples?
Title: Re: Ripples...How Do I buy them? Post by: goodney on April 16, 2013, 06:22:30 PM Ripples seem like they're going to be a proxy currency for escrowing and transferring other currencies.
Title: Re: Ripples...How Do I buy them? Post by: umeboshi on April 16, 2013, 06:28:01 PM Recent article in Economist about Bitcoin gives some background about Ripple: http://www.economist.com/news/finance-and-economics/21576149-even-if-it-crashes-bitcoin-may-make-dent-financial-world-mining-digital (http://www.economist.com/news/finance-and-economics/21576149-even-if-it-crashes-bitcoin-may-make-dent-financial-world-mining-digital)
Title: Re: Ripples...How Do I buy them? Post by: Kartaiv on April 16, 2013, 06:30:09 PM IMO Ripple is inherently flawed with it's instant creation and centralization of money supply. Proxying transactions doesn't add much, if any, benefit to today's marketplace -- we already have services to exchange with (albeit with high fees).
Title: Re: Ripples...How Do I buy them? Post by: dancupid on April 16, 2013, 06:34:55 PM IMO Ripple is inherently flawed with it's instant creation and centralization of money supply. Proxying transactions doesn't add much, if any, benefit to today's marketplace -- we already have services to exchange with (albeit with high fees). You can ignore their money supply - you just need 300xrp to start with and then you can make hundreds of thousands of transactions in whichever currency you choose. It's potentially an open source p2p distributed network for moving funds (potentially being the key word) Title: Re: Ripples...How Do I buy them? Post by: FreeTibet on April 16, 2013, 06:36:50 PM how do i get this 300 xrp to start up?
Title: Re: Ripples...How Do I buy them? Post by: umeboshi on April 16, 2013, 06:37:53 PM So it would seem from what I am reading that Ripples are going to be more stable than Bitcoin...anyone think there is going to be a mass selloff/trade of Bitcoin for Ripples? Stable currencies do not increase in value the way Bitcoin has over the last several months, which increases the chances of a crash in its value. One of the points made in the Economist article I cited above is that, if Ripple gains traction, it would likely cause a big drop in Bitcoin value. Title: Re: Ripples...How Do I buy them? Post by: dancupid on April 16, 2013, 06:43:36 PM how do i get this 300 xrp to start up? Give me your ripple address and I'll send you 300 Title: Re: Ripples...How Do I buy them? Post by: FreeTibet on April 16, 2013, 06:45:03 PM rMZn1XGMrovbYiTWYnTDXsJAwNT1soao7e
thanks! very kind of you :) Title: Re: Ripples...How Do I buy them? Post by: dancupid on April 16, 2013, 06:49:59 PM rMZn1XGMrovbYiTWYnTDXsJAwNT1soao7e thanks! very kind of you :) Ripples sent - enjoy! Title: Re: Ripples...How Do I buy them? Post by: maxdiablo on April 17, 2013, 06:21:46 AM HI guys, im a newbie, looking for someone to loan me 300 XRP for ripple. Will repay as soon as i
am able to use ripple and fund my account. My address is rHgsvDdRad32AENCW2Rfqst4y1aq3hMKqa thank you in advance!! ;) Title: Re: Ripples...How Do I buy them? Post by: odkrywca on April 17, 2013, 08:14:48 AM dancupid: Could you also send me 300 XRPs? ???
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