ripple: let's test it!

[TTBit]

I enter Bitstamp (rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B) and try to send USD I get:






However, when I go to Bitstamp and click "send using ripple client", It appears to fill out the exact same data as before, but:

[Mogly]

Any philanthropists willing to send me 400 XRP? I promise to return 500 to him when my transfer to Bitstamp arrives. Thanks!:

r9uVRhJEKsJVaxsU3c3rimzLWKYRmDUcX2

I'll do it!

I sent back the 500 XRP. Thanks!

[Peter Lambert]

Any philanthropists willing to send me 400 XRP? I promise to return 500 to him when my transfer to Bitstamp arrives. Thanks!:

r9uVRhJEKsJVaxsU3c3rimzLWKYRmDUcX2

I'll do it!

Thank you very much, give me 2 or 3 days

I see the ripples returned. Good job paying back quickly

[molecular]

Ok, I'm intrigued by this BTC/BTC trading thing so let's have a go:  

I've created an offer selling 0.01 'molecular BTC' for 0.0096 'bitstamp BTC'.  (No offense, molecular!)

molecular: rpH3zuMch2GrrYX724xGWwbMGwiQ5RbSAU
bitstamp: rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B

Any takers?

You should see the offer if you choose bitstamp as the base currency issuer and molecular as counter currency issuer.

I can't see it:



EDIT: because it's been bought.

[molecular]

I've created an offer selling 0.01 'molecular BTC' for 0.0096 'bitstamp BTC'.  (No offense, molecular!)

Your molecular BTC are now mine... Good deal too, as he promised to honor his IOU at 100%. I guess I just made 0.0004 BTC, now I'll wait till it's valued in gazillons of dollars before asking molecular to redeem it... Buahaha!

is rnZoUopPFXRSVGdeDkgbqdft8SbXfJxKYh your address?

congrats on owning one of the most trustworthy BTC IOUs in ripple.

To redeem, post a bitcoin address here, then transfer the IOUs to me.

[molecular]

So I went to ripple.com/graph, entered my own address, switched currency to BTC and tried to click on every address that trusts me (incoming link). This is the result:

[molecular]

anyone wanna try creating a new currency on ripple, the FAV (favor): https://bitcointalk.org/index.php?topic=147155.msg1577953#msg1577953

EDIT: we successfully create the Favor (FAV): https://bitcointalk.org/index.php?topic=147155.msg1578025#msg1578025. Idea: if someone does you a favor, you send him 1 FAV on ripple. Let's see what happens.

[Peter Lambert]

anyone wanna try creating a new currency on ripple, the FAV (favor): https://bitcointalk.org/index.php?topic=147155.msg1577953#msg1577953

EDIT: we successfully create the Favor (FAV): https://bitcointalk.org/index.php?topic=147155.msg1578025#msg1578025. Idea: if someone does you a favor, you send him 1 FAV on ripple. Let's see what happens.

This is an awesome idea, a creative way to use ripple. I suppose there will have to be a network of FAV trust extended between people. It seems reasonable to trust most people for one favor, right?

Can you do a half a favor? Or are these only sent in whole amounts?

[jtimon]

I've created an offer selling 0.01 'molecular BTC' for 0.0096 'bitstamp BTC'.  (No offense, molecular!)

Your molecular BTC are now mine... Good deal too, as he promised to honor his IOU at 100%. I guess I just made 0.0004 BTC, now I'll wait till it's valued in gazillons of dollars before asking molecular to redeem it... Buahaha!

I thought this wasn't possible yet: https://github.com/rippleFoundation/ripple-client/issues/151

[Mjbmonetarymetals]

I've just extended trust to bitstamp for 10 "BFG" bitcoinFridge currency. 

My ripple address
rNTXjBWitdKUxr6o1zyi4FsjQ8UeP3JCKd

[Otoh]

I added you molecular & will trust you with 0.2 btc if someone would be so kind as to give me 2 xrp that I'm short in order to make a trust (300 needed), I'd already cashed out the rest for btc via Bitstamp which worked well & lost a couple of xrp in fees trying out txs, thanks. I'm:   rKWYoFVMsKjZZhCZMFSagYmasqGZFYkpYu

[khal]

I sent you 3xrp (if someone want to trust me, here is my address : rpUjkUUcbteWbXrPt4aXAMwzotSPzQJHQt)

[Otoh]

I sent you 3xrp (my address : rpUjkUUcbteWbXrPt4aXAMwzotSPzQJHQt)

Many thanks! Received, instantly!! & trust approved to molecular for 0.2 btc.

Edit: tried to trust khal rpUjkUUcbteWbXrPt4aXAMwzotSPzQJHQt with 0.1 btc but now it wants me to have 350 xrp balance to do so.

[molecular]

anyone wanna try creating a new currency on ripple, the FAV (favor): https://bitcointalk.org/index.php?topic=147155.msg1577953#msg1577953

EDIT: we successfully create the Favor (FAV): https://bitcointalk.org/index.php?topic=147155.msg1578025#msg1578025. Idea: if someone does you a favor, you send him 1 FAV on ripple. Let's see what happens.

This is an awesome idea, a creative way to use ripple. I suppose there will have to be a network of FAV trust extended between people. It seems reasonable to trust most people for one favor, right?

Can you do a half a favor? Or are these only sent in whole amounts?

We're discussing in the thread how to roughly value a FAV (time based?).

I suggested people shouldn't "charge" each other in FAV, though. I would like it the be totally voluntary for the recipient of the favor to decide the amount and wether he pays FAV at all.

[molecular]

I've just extended trust to bitstamp for 10 "BFG" bitcoinFridge currency. 

My ripple address
rNTXjBWitdKUxr6o1zyi4FsjQ8UeP3JCKd

We're going to run out of 3-letter identifiers at some point

[bbit]

I gave up on all this awhile back haha ....

But will look into getting back into testing...

[moocowpong1]

I can't wait until people start using the currency creation to make stocks and bonds. I'm tempted to start selling XRP futures on Ripple as a way to short them, but I doubt anybody would trust me...

[JoelKatz]

tried to trust khal rpUjkUUcbteWbXrPt4aXAMwzotSPzQJHQt with 0.1 btc but now it wants me to have 350 xrp balance to do so.

There's currently a 50 XRP reserve per trust line. You just have to have the XRP in your account and they can only be used for transaction fees until the trust line is zeroed. Then you get them back.

[molecular]

congrats on owning one of the most trustworthy BTC IOUs in ripple.
To redeem, post a bitcoin address here, then transfer the IOUs to me.

Returned your IOU, tx_id=604D0E0109944EBB78B06CB186076D3D9A97C0F4DB4888A6A2CF70289C2CF185.
Interestingly, the path it was sent through was quite long:
rnZoUopPFXRSVGdeDkgbqdft8SbXfJxKYh → r3t5JvXF6rChFs4kCFe44a3h4eQdxmPo9a → rGwUWgN5BEg3QGNY3RX2HfYowjUTZdid3E → rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B → rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B → rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B → rpH3zuMch2GrrYX724xGWwbMGwiQ5RbSAU

I understand this is because molecular doesn't trust me directly.

My bitcoin address: 1ArviCCoWxAPBYwQKyBnRsD3iPdxpJgJyS

reddemed, txid: 58d982dc0ddaa261e386148bdddc15dc166990a104d80f2d3cdb7390a61981b3

EDIT: Actually, I don't understand why it couldn't have been sent directly. I don't need to trust you at all. It's a molecular IOU and it shouldn't matter where it comes from. I obviously implicitly trust my own IOUs, otherwise I wouldn't have accepted it from rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B either.

[slothbag]

How are you guys getting the TX id from the system?  I know you can get it digging around the websocket communications.. but its pretty inconvenient.

Do you have a better way?