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Author Topic: ripple: let's test it!  (Read 43518 times)
Timo Y
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February 23, 2013, 08:56:19 PM
 #201

molecular: will you send me 0.01 Ripple BTC if I send you 0.01 Block Chain BTC?

I am:

rG8VFQPaJB2gNjx29Et1wKUJettQP1eLmk

GPG ID: FA868D77   bitcoin-otc:forever-d
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wachtwoord
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February 23, 2013, 09:12:14 PM
 #202

Why is the Bitstamp order book empty?  Huh
molecular
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February 23, 2013, 10:04:24 PM
 #203

molecular: will you send me 0.01 Ripple BTC if I send you 0.01 Block Chain BTC?

I am:

rG8VFQPaJB2gNjx29Et1wKUJettQP1eLmk

sure. 1K9Q8MsfchVbbkJUe66vW44zHfKRo7HYpS in case it arrived.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
grondilu
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February 23, 2013, 10:12:22 PM
 #204


I'm currently trying to get Ripple BTC IOUs by using Bitstamp as a Gateway.

This is actually quite fun.
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February 23, 2013, 10:19:46 PM
 #205

Hah, molecular's gateway is taking off. There's a few bids for BTC molecular/XRP...
molecular
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February 23, 2013, 10:19:57 PM
 #206


I'm currently trying to get Ripple BTC IOUs by using Bitstamp as a Gateway.

This is actually quite fun.

worked like a charm for me

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
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February 23, 2013, 10:27:31 PM
 #207

Hah, molecular's gateway is taking off. There's a few bids for BTC molecular/XRP...

heh, indeed.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Peter Lambert
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February 23, 2013, 10:32:21 PM
 #208


I went to the 'trade' page, and tried to set up a trade. I am not sure why it shows up under your name?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
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February 23, 2013, 10:49:54 PM
 #209


It seems to me this thing could make bitcoin-otc obsolete.  Am I wrong?
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February 23, 2013, 10:57:36 PM
 #210


It seems to me this thing could make bitcoin-otc obsolete.  Am I wrong?

bitcoin-otc's Web of Trust might help you come up with trust limits for people who have entries there. So I'd say that bitcoin-otc might help when extending trust in Ripple.

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February 23, 2013, 11:00:18 PM
 #211

molecular,

Just trusted you for 0.1BTC. I'm: rKAw7uHrdUUEqtfFhBBHe6unyh57PLpCc4

Interested in playing around with this...

I'd be interested in receiving some CNY Wink I think it should be possible to send currencies you don't even have in your wallet (implicit currency conversion). So if you want to try sending me (a really small amount) of CNY, go ahead (address in my sig).




I tried! "No path found!"



Note that I got a spinny for "Calculating paths..." for about a second before it returned "No path found!".

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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slothbag
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February 23, 2013, 11:03:17 PM
 #212

Is there a way in ripple to track how many successful trades someone has done? It would be a good metric to decide if someone is trustworthy.. And to build on the ratings that have accumulated in OTC
grondilu
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February 23, 2013, 11:07:13 PM
 #213


I can't give trust to bitstamp:



And then:



What am I missing?
Akka
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February 23, 2013, 11:08:26 PM
 #214

I had the same problem.

Log out. --> Log in again. --> fixxed.

All previous versions of currency will no longer be supported as of this update
moocowpong1
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February 23, 2013, 11:13:12 PM
 #215

Is there a way in ripple to track how many successful trades someone has done? It would be a good metric to decide if someone is trustworthy.. And to build on the ratings that have accumulated in OTC

There is nothing the Ripple network can measure that would determine whether you should value somebody's IOU's. The value of somebody's IOU is related most directly to how reliably it can be settled in the real world, and how reliably they've settled in the past isn't accessible to Ripple.

With such a system you'd also have to be very careful about whether it was gameable: if you could build "trust" by trading with colluding accounts and then rip off the rest of the world, the system would be worse than useless.
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February 23, 2013, 11:52:01 PM
 #216

Quote
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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bbit
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February 23, 2013, 11:52:48 PM
 #217

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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February 23, 2013, 11:56:30 PM
 #218

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

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bbit
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February 24, 2013, 12:05:44 AM
 #219

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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February 24, 2013, 12:14:12 AM
 #220

molecular: will you send me 0.01 Ripple BTC if I send you 0.01 Block Chain BTC?

I am:

rG8VFQPaJB2gNjx29Et1wKUJettQP1eLmk

sure. 1K9Q8MsfchVbbkJUe66vW44zHfKRo7HYpS in case it arrived.


Received ripple BTC and sent blockchain BTC!

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