sold, thanks for looking

You do not seem to understand. Ripple allows you to exchange currencies directly with other users, without fees. You do CNY -> USD, NOT cny -> xrp -> usd.

Ripple is a clearance system, an IOU system, that supports multiple currencies, and which has build in markets/exchanges. XRP is a utility of that network, not a currency which you must proxy through.

I'll match dvda2k's offer to sell you 425,000 for BTC60 - in fact I can give you 500,000 for BTC69

traded 500 XRP for 0.1 BTC - simple fast transaction

Incorrect, you simply trade Yen to USD in ripple without touching XRP.

As a guideline for bidding, mah87 could get BTC50 instantly by selling these on the market, and it would cost you BTC55 min to acquire this much XRP on the market.

Thus the pricing for a quick sale should be between 50-55 for this quantity, even though I think mah87 is a bit mad to be selling this much, when it's value is on the rise again and could easily hit BTC65 by the end of the week, or even 80 if one wall goes. It'd take a tremendous volume of XRP which doesn't really exist on the market to move the price below BTC45 for this quantity.

You can run a free not for profit node if you want to. Just ask for the source and do it. The network isn't centralized, hence why it has nodes... Transactions can't be reverse, the ledger is public and verifiable.


Ripple has been around since mid 2010. They are bitcoiners, Jed created MtGox and Ripple. They hold Bitcoin themselves. They wouldn't be capable of DDoSing or manipulating the price of BitCoin, and it would be adverse to them even if they could.

I've never seen heard or met one paid infiltrator, name one.

You can get it for free from the giveaway, just go to ripple.com or post in the thread on bitcointalk. It's more than a lifetimes supply of XRP. Hell I'll even give you some too, as I do anybody else who wants to test ripple.


It's needed in the same way bitcoin transfer fees are needed, it supports the network. It also supports the development of rippled in the initial stages, although they are getting VC funding, and yes some of them may get rich, who cares, should satoshi, tim berners-lee, or anybody else who's created something on a global scale not get rich too?

anybody who has the source realises that by giving it out you may be risking people's money if it has a vulnerability or a critical bug left as yet unfound, I personally don't want to take that risk, and I'm pleased nobody else (thus far) does either. I'm a major opensource advocate, and unlicense + royalty free everything I do, but in this case, I understand why it is not yet available on mass.


With ill informed discussions and a sponsored smear campaign, I'm unsurprised.

That's a fair, but quite strong, opinion.

Worth remembering that Jed who created ripple also created MtGox, that most people involved are bitcoiners, and that XRP the currency doesn't really matter, Ripple 1 (ripplepay.com) and Ripple 2 (ripple.com) can both be used without needing to pay, for the ripple 2, you can acquire a lifetimes supply of XRP for free easily, and use the ripple system to faciliate the fluidity of your currencies,  and form your own trust networks.

Regarding control, the second RippleD is released to the masses, it's already available on request and I know several people with server daemons running, all those arguments are invalid. Regarding centralization, it's decentralized and you can use any currency, even make up your own. You should do some reasearch and checkout ripplepay.com, and the ripple wiki, check the history and motives behind it's creation, before naively believing everything you read.

I will trust you for $10 USD if you like, for 1 year. You can use the currency freely and it's bitstamp backed so you can withdraw / exchange it etc. This is the point of ripple.

I've had good experiences with both WeExchange (for smaller amounts under $200), and Bitstamp for larger amounts (Up to $40k).

Regarding Bitstamp being a trapdoor, they run their own instance of rippled server, and being a rapidly growing business, the people who operate the rippled server are out of the office quite a lot, the thing works like clockwork, but if it goes down and nobody is there, then you need to wait until somebody is able to restart the ripple server, and let it catch up with the ever growing rippled. It's effectively the same as an exchanges bitcoind server going offline then needing to catch back up. On the other side, for putting funds in to ripple from bitstamp, they use a hotwallet which gets reloaded with about $50,000 USD and 500 BTC at a time, when it's empty, it needs reloaded with more funds. It would be very irresponsible for them to put more money in there, or have it auto filling, so it takes a staff member to reload it. This is about the only factor which can affect deposit/withdraw times. All it takes is some patience, and a support ticket when needed.

PM me your ripple address and I'll send you some USD and some XRP if you need it.

1) Ripple is a decentralized clearance system which facilitates the transfer of money from one entity to another. It compliments bitcoin and other currencies.

2) XRP, is a utility of the ripple network. 1 XRP is the fee for roughly 10-100k ledger entries. Each fee is destroyed, reducing the overall amount of XRP in existence.

Thus, if (1) succeeds and gains significant adoption (it's certainly growing) then you can calculate the long term value of 1 XRP as being the USD value you'd associate with 10-100k transactions / ripple ledger entries.

I personally hold multiple currencies, BTC and XRP are just two of them.

You can use ripple without needing to pay for XRP, just get some from the giveaway or ask somebody for a couple of hundred and you'll have enough for a lifetimes normal use of ripple without worrying about XRP the currency.

XRP is a utility of the network, it prevents network spam, and applies a small cost to each entry in the ledger. 10 drops. Roughly 1 XRP has the value of, and is the fee for, 10k-100k entries in the ripple ledger (10k-100k transactions). All fees are destroyed, reducing the overall number of XRP over time, increasing it's value.

If you think ripple will gain significant adoption as a clearing system, then you can figure out the value of 10-100k ledger entries yourself and place that as your value of 1 XRP long term.


You just ask them for the source, show you actually want to develop ripple things / contribute not undermine, and you'll get it.

You can also develop using the APIs, which is the approach I've personally taken.

Indeed it is, spread you lies elsewhere, you can demonstrate this in the client in about 2 seconds by changing the server from s1 to s2, and noticing that all the gateways run there own rippled's.

Regarding being paid, I have certainly never been paid anything in any currency from anybody with regards to ripple, indeed I've never even received an XRP giveaway!

Conversely, TradeFortress is paying people to ruin ripple, he runs adverts on the forums, pays people to spread fud, and has openly stated many times he will destroy ripple even if it costs him millions of USD. I don't know if this is a personal attack due to disagreements with the founder of OpenCoin and creator of Ripple, or because fee-less social lending would be slightly detrimental to his coinlending business. But it's sad for sure, as it could facilitate his business easily.

Ripple is a new promising technology and approach to things, as is OpenTransactions, whether you want the OpenCoin implementations, or whether you want to create your own version of it. It sets the bar high.

There will be a whole host of uninformed or sponsored and ill mannered reactions to this reply, as with all others, so I'll only reply to the OP directly if you have any more questions.

FWIW, I'm totally unaffiliated, hold multiple different currencies, and have had a keen interest in payment systems for many years now. I think ripple coule be better, but I'm glad to see what's there being used effectively. PaySwarm (Standardized) and OpenTransactions are two others to check out.

Ripple is effectively a decentralized clearing system which works with any currency. Ripple has been a project for many years. Ripple 2 as you may call it, is fairly new, and the currency XRP is distinct from Ripple.

RippleD is the server, it manages the distributed public ledger, there are currently a handful of RippleD servers running. It is not generally available, but it is available on request. From people I've spoken to who have RippleD server source currently, they are confident that it does what it says on the tin, but the code could be a little better, and it would be wise to run it for a little longer to ensure it has no bugs which could cost people any $. Certainly in the past few months whilst I've used it, no such bugs or security vuln have been found, two ledger corruption bugs in last month or so have been found/.

OpenCoin who make ripple, have a list of repos, and all client code and interfacing libraries are already open sourced and generally available.

It's perhaps fair to think of the Ripple ledger as fulfilling the same role as the blockchain of bitcoin.

Ripple compliments Bitcoin and other currencies, enable fluid transfer of them between users and gateways, or networks of, who trust each other. It is used in this capacity already, indeed that's all ripple 1 was, and it works very nicely.

Ripple comes under attack quite a lot because it enables social lending without fees, because the server is not fully open sourced, and because it is operated by a company OpenCoin, who critically, also distribute the currency XRP.

XRP is a currency which is a utility of the ripple network. Each transaction on the network, each entry in the ledger, cost 0.00001 XRP, this is a rate which is variable when servers agree to change it together. So the value of one XRP can be seen roughly as the cost of 10k-100k entries on the ripple ledger. All 0.00001 fees are destroyed, thus reducing the number of XRP available over time, and increasing it's value.

As XRP is a currency, it's open to speculation. Speculation in the natural style, and based on calculating whether you think Ripple will be successful long term as a clearance system, and then thinking what the cost of 10-100k transaction may be in $ terms.

Of course, I bought them all for BTC myself, assuming they would be worth more. This is a process I've repeated several times, and I take my profits in a mix of XRP and BTC, circa 85% XRP, and 15% BTC. So far it's proved a nice mix, as XRP rises in value faster. In times like this where the price has swung against me, I just hold, or use some BTC to buy some more. If I sold right now on the market I'd make a loss, but I can hold and wait it out.

Typical trading, I used to hold smaller stock and turn over quickly, but as my personal trust in ripple has gone up, even though there have been hiccups along the way, I've started to have the confidence to hold more stock for longer.

0.00016129032258064516 BTC per XRP. 1/6200.

This is the average price where most trades have happened over the past few days. The spread is currently a little more in your favour, but if you want to buy more than 200k at this exact time, you'd need to move to 1/6000 or more to buy them. This is why I typically only accept orders over 100k, and advise smaller orders to buy on the market, when a better deal is available there. The market could move back to 1/5800 as it was yesterday.

Incorrect, ~16.13BTC for 100k at this time.

I'll buy all your LTC, and all your XRP. I have sent PM.

I'll take everything you have. PM sent.

Did you come here from the trollbox on BTCe? Grow Up.