I don't think Mt.Gox limits how many you can buy. I know they limit withdrawals though ($1,000 a day, $10,000 a month).
Ah cool deal I forget how long does it take to get $$ into mt.gox to buy? |
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But how many bitcoins can you buy on Mt.Gox?
Like what is the limit? Coinbase is 100 what would Mt.Gox be?
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Hah, molecular's gateway is taking off. There's a few bids for BTC molecular/XRP...
heh, indeed. How does one become a gateway? You need to setup a rippled but the source isn't release the last time I checked so right now you can't Ah I see figured that must be the case thanks! |
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Hah, molecular's gateway is taking off. There's a few bids for BTC molecular/XRP...
heh, indeed. How does one become a gateway? |
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Thanks Joel I'll see if I can still get my head around it from what you said there! As I do see my You've placed an order to sell BTC for XRP, selling .03 BTC for 10,000 XRP per BTC (that is, 300 XRP for your .03 BTC) now in "order book" so who see's this ? I'm assuming someone out there?
Anyone who looks at the order book will see. Anyone who tries to place a crossing offer will take it (assuming it is or becomes the best offer for that combination on the books). Assuming it's the best offer, anyone who tries to use XRP to pay Bitcoins to someone (possibly themselves) who accepts BitStamp Bitcoins will take it implicitly. Thanks. Just so everyone knows what I'm talking about here is the flip-side to my above screenshot. Seems that order is out in the wild for "anyone" to see or a crossing offer anyone want to test it out? I can return the XRP's if need be I'm just doing all this for testing purposes and getting my head around Ripple because this is the future of trust/credit.  I will try and test it out, but I am confused as to how exactly to calculate the order. Is this correct?  Supposly, this is how the order panned out not sure if its correct. Umm.... |
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Yes, this is part of the idea also. I almost was thinking of "credits". I had an idea similar to this before. Let me brainstorm more what you put there on there thread.... This idea was more so to allow people who are selling their bitcoins to place x amount into a credit card/voucher that they would receive instantly via email. Then they can spend it ( when the time is right) to buy bitcoins whenever they so choose via a credit card at anytime. This helps people get Bitcoins (again) quicker. Sort of a pre-paid card dedicated to spending on Bitcoins at a later date. aswell as putting bitcoins into fiat debit card to spend on groceries. where people can top up the debit card at local shops and then request that any balance in the card not spent on groceries could be put back into bitcoin. thus avoiding many gateways upto 6% charges and being a more instant conversion. Yes, I suppose that could be an option. Was trying to keep it strickly to buying Bitcoin but not a bad idea. |
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it means you could buy bitcoins with a credit card and get them immediately to spend. The merchant is more likely to sell you bitcoins for such an irreversible transaction if you have already done a transaction and didn't reverse it. To get on the whitelist.
I like your idea I'm just trying to flush out in my head here  |
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Yes, this is part of the idea also. I almost was thinking of "credits". I had an idea similar to this before. Let me brainstorm more what you put there on there thread.... This idea was more so to allow people who are selling their bitcoins to place x amount into a credit card/voucher that they would receive instantly via email. Then they can spend it ( when the time is right) to buy bitcoins whenever they so choose via a credit card at anytime. This helps people get Bitcoins (again) quicker. Sort of a pre-paid card dedicated to spending on Bitcoins at a later date. |
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Thanks Joel I'll see if I can still get my head around it from what you said there! As I do see my You've placed an order to sell BTC for XRP, selling .03 BTC for 10,000 XRP per BTC (that is, 300 XRP for your .03 BTC) now in "order book" so who see's this ? I'm assuming someone out there?
Anyone who looks at the order book will see. Anyone who tries to place a crossing offer will take it (assuming it is or becomes the best offer for that combination on the books). Assuming it's the best offer, anyone who tries to use XRP to pay Bitcoins to someone (possibly themselves) who accepts BitStamp Bitcoins will take it implicitly. Thanks. Just so everyone knows what I'm talking about here is the flip-side to my above screenshot. Seems that order is out in the wild for "anyone" to see or a crossing offer anyone want to test it out? I can return the XRP's if need be I'm just doing all this for testing purposes and getting my head around Ripple because this is the future of trust/credit. |
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Theymos cut the signatures to 3 lines, that happened a while ago.
Thanks for the info! |
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Question for you all...
If/When you sell a few of your Bitcoins if you could have as stored value on a credit card/voucher to later on purchase Bitcoins would this be of interest?
In other words, it helps speed up the process of purchasing of Bitcoins when you want to get back into the game or something along those lines. I've had 10 cups of coffee so I might be losing my mind haha.....
edit: I should have mentioned I'm able to offer this hence the reason I asked.
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what is mine?  |
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I think an easier question would be: Is there anything you don't want to buy with bitcoin?
Cancer. lol wtf |
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Ummm who see's this and what does this mean?  Also, so Bitstamp has my trust I guess now what? I want to convert them into BTC/XRP... basically lost at this point lol  MY head is about to explode so lost and confused now ... We're working on making this display less confusing. I *think* it means that you've chosen to let BitStamp hold up to .1 BTC for you and it is currently holding .03 BTC for you (or, in IOU terms, your Ripple account holds an IOU from BitStamp for .03 BTC). You've placed an order to sell BTC for XRP, selling .03 BTC for 10,000 XRP per BTC (that is, 300 XRP for your .03 BTC). One thing we're working on is allowing you to mouse over confusing things and get a plain English display of them. https://github.com/rippleFoundation/ripple-client/issues/200Thanks Joel I'll see if I can still get my head around it from what you said there! As I do see my You've placed an order to sell BTC for XRP, selling .03 BTC for 10,000 XRP per BTC (that is, 300 XRP for your .03 BTC) now in "order book" so who see's this ? I'm assuming someone out there? |
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We're working on making this display less confusing. I *think* it means that you've chosen to let BitStamp hold up to .1 BTC for you and it is currently holding .03 BTC for you (or, in IOU terms, your Ripple account holds an IOU from BitStamp for .03 BTC). You've placed an order to sell BTC for XRP, selling .03 BTC for 10,000 XRP per BTC (that is, 300 XRP for your .03 BTC). One thing we're working on is allowing you to mouse over confusing things and get a plain English display of them. https://github.com/rippleFoundation/ripple-client/issues/200Hahaha, YOU think? Aren't you one of the developers? Even the developers are confused... Anyway, I tried placing a similar order (bid to buy BTC for XRP at 10,000 XRP/BTC). The order placed successfully, but I never saw the order show up in the book, and the best bid remained at 5000 XRP/BTC. Eventually I cancelled the order. I was, though, able to successfully execute a trade of 0.1 BTC for 3 USD by executing against an order that was already on the book. Unfortunately, the trade confirmation for that was even MORE confusing than the above. Makes me feel better about myself  oh gosh ya .. |
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Ummm who see's this and what does this mean? Also, so Bitstamp has my trust I guess now what? I want to convert them into BTC/XRP... basically lost at this point lol MY head is about to explode so lost and confused now ... |
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On the one hand, I find it mind-blowing that people are sitting in their basements helping to test and refine what might become the new global credit system.
On the other hand, if it's so hard for the nerds of bitcointalk to grok this, will Joe Public ever manage to?
so true was just thinking the same thing haha...this thing is a monster but once you go through once its starting to become clearer. This will probably make Bitinstant, our BTC lending thread obsolete after its all figured out. |
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Could be buggy, but double check that you trusted BitStamp with BTC, not XRP or USD, and that the limit is sufficient for what you're trying to withdraw. Crap I think I know what I did wrong .... This whole sequence worked flawlessly for me:
1. Grant trust in BTC and USD to BitStamp (in Ripple)
2. Deposit BTC to BitStamp through usual method
3. Withdraw BTC from BitStamp via Ripple (must be less than amount you established trust for)
4. Deposit BTC back to BitStamp via Ripple
I'll double check this process that you did thanks! edit:finally got it lol... edit: So I guess next is to make an order to sell the BTC? so I did an order my question is who see's it ? Meaning I did a Sell BTC/XRP 0.03 BTC I have no idea I'm doing but put that order out there who see's it ? |
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Alright so I "deposit" 1000xrp and into Bitstamp and now I have no idea where it is. Any help folks?
The ripple forums are strangely quiet except for Cialas sales and private detectives. hmmm
You can't deposit XRP on bitstamp, only BTC or fiat currencies. I suggest you to ask bitstamp support. I can't figure it out. I deposited BTC to bitstamp and added bitstamp as a trusted person and tried to send BTC to it. I got the error in my screenshot up earlier in the thread. I gave up. If you trust bitstamp that means that you can WITHDRAW Btc from Bitstamp to Ripple, not viceversa. Hmmm... so let me get this straight I have BTC balance BitStamp - I hit withdraw BTC to Ripple those are either put in as XPR or BTC correct? I did that and got a nasty error about it not being a trusted source yet its added as a trusted source. |
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