The processing system is currently offline, data may not be up to date!
Seeing this since yesterday. How long it's going to take?
I apologize. The number is the amount of seconds the server is behind, currently about 50,000 or 14 hours. I'm looking into it. |
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Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
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I don't understand how to play  I have to apologize for the lack of information. Assuming you already went through http://taabl.net/howtoplay let me tell you that playing is much MUCH simpler than understanding the how to  - Elect your game(s), from Pick 2 to Pick 5 (the number after the Pick is the number of characters that will be matched, the larger this number the less likely it is to match with the next block). - Place your bet(s) - careful not to use web wallets where you don't control the addresses and private keys, as the wins will be paid back to the address you sent from. - After two confirmations the bet is added to the Pick, you can see which is yours by looking for your payment transaction hash. - When the pick matches, a winner is found. The winner gets the pot, all others get a few satoshis (same number as the Pick) to signal the pick has ended. I'll be glad to go into detail on any part of the workflow, just let me know what your exact questions are. I'm also having some hard time in order to understand this game. I'm unable to figure it out what the odds involved in this game are. BTW would you mind creating one more column in order to add the odds for each PICK? (And one else adding the players already in). Or, at least, that kind of info might be included in the "how to play" section... The odds are dependent on how many others are playing, it is the same as a raffle. The selection numbers are the last digits of the block hash, for example "4d783" in this block: http://blockchain.info/block-height/237472The odds of any winner in a pick 3 is 1 in 16^3, or 1 in 4096. If you hold 1 ticket and 19 others are holding 1 ticket, you have a 1 in 20 chance of winning (eventually). Of note, it doesn't matter when you join a game, as you have to hold the ticket number when it hits - meaning you can't have the prior block be 12345 and then you select ticket #12345. |
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Announcing another dividend. Will be paid in the next 48 hours:
Each interest will get 1/100th of:
BTC: 2.162951875
LTC: 6.13124975
TRC: 9.168187465
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Whatever happens, I will not be subjected to any bitcoin regulation. If there is force placed on me to comply, I'd rather sell my coins and move on with my life.
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Sorry your correct, only 2 ripples. The third one was sent to establish my BTC redemption address. I'm confused by the
" To Redeem Transfer your Ripple funds to" line followed by your ripple address and the destination tag ?dt=1xxxxx". Should there not
be 2 of these address with destination tags since I have LTC and BTC redemption addresses? If I send XRP to this address, does this solicit
a payment to my wallets? if so which one BTC or LTC? also how much to send?
Thanks.
When you deliver an LTC IOU back to DividendRippler's ripple address, DividendRippler sends the stored LTC to the LTC address on record (specified by the dt=xxxxx). Similarly, when you deliver a BTC IOU created by DividendRippler, a BTC is sent. You would not want to deliver XRP to DividendRippler, it is only used for verification when changing addresses. Keep in mind that what you send and what is delivered is not necessarily the same. You can send XRP from your client, but if BTC are delivered to DividendRippler at a specific dt=xxxxx address, this flags DividendRippler to send a specie payment to the dt=xxxxx on record, regardless of what was sent. OK, I think I understand now.. I sent back .01 LTC IOU from my ripple wallet, the current status of this redemption is "retained". I assume this is because your Fee for LTC redemption is 0.1? Had I had enough of LTC IOU to cover this fee the balance would have made it to my LTC wallet right? Yeah, the 0.01 is basically lost. Ripple controls who owns the IOUs - 0.01 was sent in for redemption to the issuer, and no longer exists. Since the fee is 0.10, there is nothing to send. |
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Sorry your correct, only 2 ripples. The third one was sent to establish my BTC redemption address. I'm confused by the
" To Redeem Transfer your Ripple funds to" line followed by your ripple address and the destination tag ?dt=1xxxxx". Should there not
be 2 of these address with destination tags since I have LTC and BTC redemption addresses? If I send XRP to this address, does this solicit
a payment to my wallets? if so which one BTC or LTC? also how much to send?
Thanks.
When you deliver an LTC IOU back to DividendRippler's ripple address, DividendRippler sends the stored LTC to the LTC address on record (specified by the dt=xxxxx). Similarly, when you deliver a BTC IOU created by DividendRippler, a BTC is sent. You would not want to deliver XRP to DividendRippler, it is only used for verification when changing addresses. Keep in mind that what you send and what is delivered is not necessarily the same. You can send XRP from your client, but if BTC are delivered to DividendRippler at a specific dt=xxxxx address, this flags DividendRippler to send a specie payment to the dt=xxxxx on record, regardless of what was sent. |
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So what are IOUs and what does this website basically let me do? In layman terms, please.
Instead of owning a bitcoin, you give it to DR, and we give you a promise to pay (an IOU) for the bitcoin! This is counter-intuitive, as the reason many here on the forums were attracted to bitcoin for the ability to control their money. Granted, an IOU of 1.0 bitcoins < 1.0 bitcoins. But the value lost in specie vs IOUs is made up in the services that can be provided by the ripple network. As much as we hate banks, most of us keep balances at a bank for a few reasons. It may be safer to keep $20,000 as an IOU at the local bank rather than keep 200 $100 bills at your house (theft/fire). It is easier to pay your bills with bank IOUs with checks, ACH, or bill pay than running around town with cash. Sending large amounts of money via bank wire across the country is best with the banking system of IOUs, rather than sending wads of cash via UPS. To sum up, DR is a gateway that lets you get your BTC/LTC/TRC/NMC into and out of ripple IOUs on demand. Safe and automated. Solutions that gateways, such as DividendRippler can provide: * Safety. Having some of your BTC locked away at DR can make your portfolio safer than keeping it on a local machine. * Due to double spends, merchants will value a BTC IOU from a trusted gateway > a random stranger specie BTC. Think vending machines, coffee shops, etc where waiting for confirms is not possible. Similar to green addresses. * Merchants and customers no longer have to agree on a currency to base the transaction. **This is huge** How many threads have you read "so and so just started accepting bitcoin!". Pfft. With ripple, a merchant can accept Sweedish Krona, and the customer can pay with Litecoin. Ripple finds someone who prefers Krona to Litecoin and makes the trade. edited 2013-08-19: Added NMC |
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• No trust is needed to destroy an IOU. This means you don’t have to trust DR in order to accept specie payment from DR IOUs!
What about non-DR IOUs, is it possible to send Bitstamp IOUs to DR’s ripple address? (without risk of instantly getting a bad conversion rate for the specie when there is no liquid DR-IOU/Bitstamp-IOU market) Yes, you can send Bitstamp BTC IOUs to a DR ripple address to get the actual BTC in the client. What really happens is ripple finds someone who trusts DR and Bitstamp for BTC, and swaps balances so that you can withdraw the DR IOUs. The conversion rate is 1:1, there is no bid/ask between bitstamp and DR. This is why the Trade Fortress "BTC giveaway" was so dangerous. Ripple will find someone who trusts Trade Fortress and DR (or Trade Fortress and Bitstamp) and swap IOUs in their account, replacing good IOUs with worthless Trade Fortress IOUs. Note you have to pay bitstamp the transfer fee (they charge 0.20%). So if you have 1.000 BTC in Bitstamp, you can withdraw 0.998 BTC to a DividendRippler BTC address. |
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I want this on record that I cannot understand Ripple. I am not the smartest on these forums, I know that, but when I found bitcoin I keep researching the answers to questions I kept having. I am still in that research process, 2+ yrs later: and I'm still finding answers, and I'm never left hanging without an answer - I am always able to find it for myself or ask Freemoney to explain it to me.
With Ripple, I only generate questions, not answers. How the pre-mine work? what is an xrp, in reality? who got 50B xrps? so they hold all the Ripple "debt" ? so the initial friends of opencoin get most of the initial rights to issue trust (debt) ? - I watched that video about Gateways and pathways and became extremely confused. I cannot find any answers. How do I sell 1 btc for USD? Is this possible with ripple?
It seems way too complex and not needed in any way.
I have said this about litecoin / devcoin / feathercoin [lol] / the other alt-cryptos - there is 1 world-wide adopted crypto-currency, it's called bitcoin, and many many many businesses will be built on top of this amazing layer - PPl will try and copy this bitcoin model in many ways, trying to create another "base layer" for others to build on, but there is not a second bitcoin IMO.
After reading the whitepaper and their website, it seems to me that Ripple is trying to be bitcoin, or seems jealous of bitcoin - but again I admittedly do not understand it nor will take much more time to do so unless many of the bitcoin'ers that I respect start supporting it or at least explain it to me.
You're over-thinking  Consider this - the US used to be on a min-ripple system, the gold standard. People routinely traded in their gold for paper IOUs and bank IOUs (and vise-versa). Ripple is a way to do this for all assets. We're getting lost in why people would want to turn in perfectly good assets for IOUs of said asset, but there can be advantages of doing so. |
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The MtGox / Bitstamp market, currently a 4.7% premium to hold dollars at MtGox.
Certainly something to watch over the next few days.
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Only trust gateways that are worth trusting. When sending USD, BTC, Credit Card numbers, Social security numbers, etc to a gateway such as MtGox, BTC-E, BitcoinStore.com, Amazon.com, Citibank, you must trust them to be good stewards of your BTC / USD / Credit Card / Data / Products.
Why do you see gateways in ripple differently from a local bank, retaurant, amazon, etc?
Local banks are government insured. oh |
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It doesn't have to be malicious by the gateway.
What if the gateway loses all the bitcoins through a natural disaster and a poor back up strategy?
Only trust gateways that are worth trusting. When sending USD, BTC, Credit Card numbers, Social security numbers, etc to a gateway such as MtGox, BTC-E, BitcoinStore.com, Amazon.com, Citibank, you must trust them to be good stewards of your BTC / USD / Credit Card / Data / Products. Why do you see gateways in ripple differently from a local bank, retaurant, amazon, etc? |
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This affects dwolla, and dwolla only? Will they target banks to not accept/send wires from/to Gox?
They can't do that without some form of sanction which isn't going to happen. International trade agreements come into play here. I'm not familiar with all of this, can you elaborate please? The UIEGA thing kept banks from doing business with offshore poker/gambling sites. Why couldn't they just announce the same thing with bitcoin exchanges? |
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This affects dwolla, and dwolla only? Will they target banks to not accept/send wires from/to Gox?
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OT: How is extortion a crime?
"Pay me $1000 or I'll release these pictures of you and a goat" -> You're the jerk who did wacky things with the goat. If it were me, I'd gladly pay $1000 to keep it quiet. In fact, if I did something shameful (assume legal) and someone had pictures of it, I may approach that person and offer money for his silence. I want to keep his interests with mine.
Don't get me wrong "Pay me $1000 or I'll cut your wife's thumb off" -> Illegal, as it involves violence. But the former case is a simple transaction benefiting both parties.
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The 'error' payments are there because you have not set sufficient trust with dividendrippler.com (rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX). You'll need 3 lines of trust, one for TRC, BTC and LTC. Try increasing the trust - you'll have to type in LTC and TRC, they are not in the dropdown box. After that, send 1 XRP to rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX?dt=1 from your ripple address. This will flag our server to try issuing the IOUs in your account again. I see that is your redeem address controlled by you, set up in DR. Once you have funds in your ripple account, try sending them to rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX?dt=100009111. Note this is the dividendrippler address, followed by your account number. The account number 100009111 tells our servers to send the specie payment (in this case BTC) to your 186ZJv7Bm1ydrsVxPDuVtdJNZZUwAXL2jH address. A fun trick is that you can send LTC, TRC, XRP, (or bitstamp BTC ious) and it should find a path to be withdrawn as BTC if you select it as so. Same applies as above. What is super cool about ripple is that you can have TRC, LTC, XRP, etc in your ripple address, but don't have to withdraw in kind! You can accept TRC payments to your personal account (1ANrAZTYRbnG4opQ9XfpENGvCcKEW42FbR), but can withdraw as LTC or BTC, or even send yourself XRP. Of course, what is happening is that ripple pushes them through a market or finds someone willing to hold DR IOUs for Bitstamp IOUs. |
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rJtJLEj6hLhDp3qVYXWPBbHKLnAH1JcDmc
Shipped. Thanks! BTC: 0.001 (ed4cdac612) LTC: 0.23 (7279da7e73 ) TRC: 10.396 (d7051e68a9) |
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OK, I think I did everything right.
rhKTDYSQWESq2rAjWZLBeCbhvuXHRHdNGH
Thanks!
Looks like you did! Thank you. See if you can withdraw the LTC and TRC via your BTC address. BTC: 0.004 (52ab274828) LTC: 1.622 (c11671802f ) TRC: 0.873 (c07c27df12) |
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