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can anyone confirm they are getting better trades for xrp on dividendrippler.com then using bitstamp ?
Since all the XRP trades (other than OTC trades) are done within Ripple I'll assume you mean trades of BTC/Bitstamp:XRP vs trades of BTC/DividendRippler:XRP both on Ripple. You can look at the charts like https://ripplecharts.com/market/BTC:Bitstamp/XRP but as far as I know there isn't a chart anywhere for DividendRippler. You can get the full BTC/DividendRippler order book from within Ripple or you can just look at the latest ask/bid pair at https://dividendrippler.comCurrently, the most active BTC/XRP market is the BTC/Bitstamp one and the most active USD/XRP market is the USD/Bitstamp one. DividendRippler however has the currently most active LTC and TRC related markets within Ripple. |
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Well you can sell off XRP for much greater profit on the forum right now.. I saw 30k xrp for 1btc earlier
Um, that's the BTC/XRP rate, higher means you get less for your XRP. All the offers I've seen on the forum have been way worse then what you can get inside Ripple. Yep thats why Limie was saying you can get MORE btc if the price is 30k instead of the 60k like it was (in this post) when Limie posted that comment and also when you posted the response, it was also HIGHER and you could get MORE btc if its at 30k/btc. So save your 'tude BRAH (i just imagine that this is what you would respond to. Good Day Sir!) Really?? You're complaining about someones supposed attitude by heaping on the attitude yourself?? Really. I know this isn't worth responding to but ... First why are you even bothering to replying with a nit pick to something 3 weeks old? Look at the dates on the posts. Second, look at the two posts above those to see that the the bitcoinchart being discussed was showing prices in the range of ~15k - ~20k per BTC for that date+time. The 60k you mentioned was ancient history. Either the poster I was replying to didn't bother to look at the charts or was thinking that 30k was a better price. At best I should have perhaps asked if they had looked at the chart instead of assuming they had. As I said (and is still the case) "All the offers I've seen on the forum have been way worse then what you can get inside Ripple." |
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Though people to act as gateways would probably help too. It is starting to look like an open question whether it will become possible to slap up a gateway using Ripple any sooner than one could slap up a gateway for Open Transactions. You mean like DividendRippler.com which is an automatic Ripple gateway for BTC/LTC/TRC? (And thus effectively supports a kind of escrow for BTC/LTC/TRC/any-Ripple-currency trades.) |
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Well the issue of divisibility with gift cards in general, might be an issue, no? If I made 1 AMZ = 1 USD, then what happens when someone does a trade where they get .37 AMZ? The same problem occurs no matter what rate (1 to $10 or 1 to $1) with how Ripple currently works. It also occurs with other currencies, you can owe me 0.00000003 USD in Ripple with no way redeem it; of course with these currencies people just agree to let the sub-cent leftovers float around unredeemed until someone gets >= 0.01 (which, by the way I prefer to places like bitstamp that round their fees up to the nearest cent). I wonder if custom currencies (true custom currencies, not just using 3 letter codes like now) will support a specified divisibility. On multiswap.net for example I can say something like "I'm trading bushels of apples" and that the smallest unit of that that makes sense is 0.5 (or whatever). They can't redeem that, so that would be a problem. Same goes if they have 3 AMZ (if the rate is 1 to 1). How can the redeeming issue be resolved in these cases? The simple thing is to do what you and TTBit have said; you'll only redeem unit amounts. As long as you're clear upfront that only multiples of 1.00 or 10.00 or whatever are redeemable then there should be no surprises. If someone gets some left over they can make a trade offer to sell it or buy up to a redeemable unit (because if I have .3 someone else has .7; or several other people have fractions). If someone is being malicious they could buy up 0.1 from lots of different people and cause some grief. The Ripple server has a tfFillOrKill flag (see Ripple wiki) that makes sure an order is only fully filled and prevents any partial trades. The client has no way to set this currently, but this might be another way to prevent useless fractions from being traded. However, the flag currently only helps if I buy or sell in 1.0 units; if I try to sell 3.00 and I'd be happy with 1.0, 2.0, or 3.0 (but not 1.5) the flag will only let me sell 0 or 3. |
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I could have them cancel all their orders in the order book and change the rate of an AMZ if that would work better for the future. Should I do that? You can do whatever you want  Personally, I think it would be a lot of bother and just confuse things to make changes now so I'd leave it as it is. I was only commenting with my opinion more for any future things you (or others) might issue. And I might be wrong anyway, people may find it easier to deal with it the way you have it (or it might be one of those 6 of one or half dozen of the other things). |
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1 AMZ is equivalent to 1 $10 Amazon gift card. I see why you're doing it that way, setting the divisibility to 1, and I'm not recommending you change it at this point. But, for anyone else considering doing something like this I'd recommend having a "1 XYZ = 1USD of xyz" exchange (or CAD or EUR or whatever) for items that have a face value on them. In otherwords I'd have recommened using 10 AMZ = 1* $10 gift card. So that x*AMZ ~= x*USD and you'd have a redeemption divisibility of 10 for now. That way if in the future if you were to support $5, $10, $25, and $50 gift cards it would be straight forward how to interchange them and the only thing that would have to change is your divisibility on redeemption. All just my opinion of course, maybe others find the 1 => $10 thing easier. 1) I will send 1 $10 Amazon gift card for every 1 AMZ sent to me (free US Shipping) Excuse my ignorance, but do Amazon gift cards have a code or something on them that can be used for online purchases? If so is it possible for someone to just ask for you to PM/e-mail them the code and save you the cost/effort of shipping? And also being able to use the code right away without waiting for snail mail. A market currently exists in the AMZ (bitaccumulation) / XRP in ripple. To those interested, there is also (as I write this) an offer SELLing AMZ-bitaccumulation for USD-Bitstamp (as one might have expected). Type AMZ/USD into Ripple's trading interface and enter the appropriate issuers to see the order book and add offers. Finally, not to steal your thunder, but for non-US people, I'd like to point out Ripple Union's Amazon.ca giftcard exchange and proxy buying services for those that can't make use of US Amazon cards. It apears the limits/fees they charge have changed since I last looked however so for US people bitaccumulation's offer looks to be a better deal. (You can purchase Amazon.ca codes internationally and use them to fund your Ripple account in CAD-RippleUnion and then trade for USD-Bitstamp if you so desired.) Disclaimer: although I'm not affiliated with RippleUnion, I know the operator(s) and have held/traded CAD-RippleUnion in the past. (And again, I don't mean to derail this topic, if anyone has comments/questions about RippleUnion the operator(s) read and post on the Ripple.com forums so I'd point people there instead of derailing bitaccumulation's topic). |
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I want to buy ripples, i will give you 32 LTC for 40,000. or 16 LTC for 20,000.
Im online and the transaction will be instantly as soon as you send the ripples.
Send the ripples here rLNnGBvJFmbtskPnJ8ZdXdMGZuWUxqV1xN
And pm with your litecoin address and ripple address.
To sr members and hero members i can send first.
WARNING: known scammer. Search these forums or google for the above Ripple address as well as bitcointalk users danyy and mcarturr to confirm for yourself. Edit: the scammer changed to a new ripple address that isn't even actived yet (as of when I'm writting this) |
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Anyone know what bank WeExchange uses? According to their website their account is listed as "WeExchange Australia PTY LTD" at ANZ Bank. |
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I need to choose a Ripple Gateway trustworthy enough to hold $10's of USD for me while I test out Ripple. I have no experience with any existing BTC exchanges/counter parties. There is a list of gateways on the Ripple Wiki Gateway List. The only USD ones during the beta are Bitstamp and WeExchange. Of those I'd recommend Bitstamp mostly because the Ripple markets for them are more active (deeper, better prices, more volume) and the transfer fees are smaller (.2% vs .5%). If you're depositing USD to a gateway via bank transfer you could use whichever one has lower bank fees and inside Ripple exchange USD-WeExchange <-> USD-Bitstamp for .7% (the sum of the transfer fees) provided there is sufficient liquidity (many hundred dollars worth last I looked). If you aren't set on using USD you could consider Ripple Union for CAD, they charge no transfer fee. CAD-RippleUnion can be exchanged for USD-Bitstamp within Ripple at close to the bank's exchange rates for small amounts. |
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Is this even possible, to save just a private key and address where ripples are, or that works differently ? With just the secret key you can recreate a new wallet with access to all your funds and trust lines. The client currently reminds you every time you login to save your secret. There are Q&A on StackExchange that go into the details of wallet storage and recreation. |
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I still don't understand how or why you would use it, where you can use it etc.
Personally, I'd suggest only getting enough XRP to be above the reserve requirements and then ignoring XRP. The only things you might want/need an excess of XRP for are things like: - helping start friends out with new Ripple accounts
- if someone is selling something priced in XRP
- if you're doing advanced cross currency arbitrage between more than three currencies
- speculating on the price (I wouldn't, but of course anything that can be speculated on will be)
- ??
For the first two I'd just buy them as needed. For the second, I'd recommend people generally not price things in XRP unless they have a special reason to. The third and forth are for advanced traders that presumably know what their getting into. If instead of "what do I do with my ripples" (lowercase 'r' ripples is XRP), you meant "What can I do with Ripple" that's a whole different question. Until there are more people/merchants accepting payments via Ripple (at which point that will likely be the main use of it) the biggest uses are for currency exchange (including non-fiat like SSL, TRC, etc) in any combination, trading things that have no other convenient market (e.g.TTBit's DYM, pre1964 silver US dimes), moving USD between gateways/exchanges cheaply and fast, handling small payments/debts between friends and co-workers, etc. |
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On the other hand, this will create a massive mess when there are name clashes between currencies.
With all the altcoins popping here and there, this isn't even unlikely.
It's in beta and all advanced features are not complete. See https://ripple.com/wiki/Currency_FormatCurrency 160-bit identifier is the hash of the currency definition block, which is also its storage index. Contains: Domain of issuer. Issuer's account. Auditor's account (if any). Client display information. Hash of policy document. |
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That attack would be pretty limited, because OpenCoin Inc will just reverse the transaction not wanting to tarnish their image of Ripple. More FUD and lies from TradeFortess. What else is new. |
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When I use an exchange, I have a balance on that site. I do not use that debt as a currency to spend on chickens, I use it on the exchange So how is your use of an exchange any different that what the original poster asked? He briefly puts the funds into Ripple and then sends them out to the other gateway. Answer: it's not. You've shown repeatedly that you're willfully ignorant when it comes to Ripple. I bet everyone that's ever actually spent a few minutes using Ripple laughs at all your posts about it. If it weren't so stupid it would be funny to me too. |
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Stating that you trust exchange AAA and BBB up to a given max shouldn't imply that you accept to put all your eggs in the same basket by having all your balance from a given issuer rolled to another trusted issuer for the benefit of the network. Set your trust limits to how much you want to hold at each. If I have 10 bitcoin and trust A for 3 and B for 9 then any split like 1+9, 5+5, or 3+7 is okay but not 0+10 or 2+8. The client should allow to set a fee for acting as a liquidity provider, and should prompt users about the fee when such a conversion is required. You will be able to set the fee and fees are shown to the sender already (as a total). See the wiki for how you can tell the system (when it's implemented, Ripple is in Beta now and advanced features are not all implemented yet) that you prefer one over the other at at what rate. Liquidity provider should be an opt-in feature The developers have been warning people to understand what it means to trust more than one entity with the same code. Once quality settings are available you can just set the fee to downgrade your balance to an extreamly high value. If you think that should be inifity (off) then you really should be setting the trust line on the gateway you don't like below your current balance or to zero instead (because you'd be saying that there is no amount of fee that would make you swap which must mean you don't trust them). |
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I don't need an IOU for bitcoin. If you use an exchange you do. |
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