znort987 (OP)
Early bitcoin miner
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Activity: 72
Merit: 12
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February 25, 2013, 10:07:54 AM
Last edit: April 22, 2013, 06:33:57 PM by znort987 |
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Liquid
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February 25, 2013, 11:23:20 AM |
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Need one
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Bitcoin will show the world what hard money really is.
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Trading
Legendary
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Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
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February 27, 2013, 05:13:26 AM |
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alexkravets
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February 27, 2013, 07:11:25 AM |
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1. Open account at bitstamp.net (fast and easy)
2. Fund it with some BTCs (fast and easy)
3. Click "withdraw" and choose ripple
4. Upon attempt to withdraw you'll be taken to a ripple page telling you to give trust to bitstamp's master key at least in the amount of your withdrawal.
5. Grant "bitstamp.net" and their master key enough BTC IOU trust.
6. Procede to withdraw bistamp's BTC IOUs into your ripple address.
7. Observe both XRP and BTC balances in your ripple account.
The End.
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bitcoinspot.nl
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February 27, 2013, 12:08:01 PM |
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Ok, maybe 2 stupid questions (because im obviously too lazy to read the ripple faq)
- Why should i use ripple
- Why should i use ripple in combination with Bitcoin ?
roland.
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- bitcoinspot.nl - Alles over bitcoin! -
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alexkravets
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February 27, 2013, 10:11:59 PM |
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Stupid questions are the best kind.
Answer: ripple creates a distributed order book for all currencies / assets (in ripple they are all IOUs tho, except XRPs of course )
If Ripple succeeds, the Bitcoins's what-happens-when-mtgox-goes-away problem is solved.
Cheers ...
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matthewh3
Legendary
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Activity: 1372
Merit: 1003
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February 27, 2013, 10:38:33 PM |
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https://bitcointalk.org/index.php?topic=145896.msg1564926#msg1564926Why doesn't Ripple offer GBP/BTC pair its the third largest currency that BTC is traded in and if Ripple is targeting bitcoin users to get this project jump-started then it'd be a good thing to offer users. Also can anyone answer this - https://bitcointalk.org/index.php?topic=38711.msg1564551#msg1564551 - This might sound stupid but does anyone know how to withdraw GBP IOU's to Ripple from Bitstamp using BTC  What do you mean by "using BTC"? Can't you just simply withdraw GBP from you bitstamp wallet to your ripple wallet? I'm new to Bitstamp the fact they are a (GBP offering) Ripple trusted Gateway brought me there. Although it seems all funds not in BTC held at the exchange are held in USD. I could find no way to sell BTC/GBP only USD/BTC.
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alexkravets
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February 28, 2013, 12:22:01 AM |
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https://bitcointalk.org/index.php?topic=145896.msg1564926#msg1564926Why doesn't Ripple offer GBP/BTC pair its the third largest currency that BTC is traded in and if Ripple is targeting bitcoin users to get this project jump-started then it'd be a good thing to offer users. Also can anyone answer this - https://bitcointalk.org/index.php?topic=38711.msg1564551#msg1564551 - This might sound stupid but does anyone know how to withdraw GBP IOU's to Ripple from Bitstamp using BTC What do you mean by "using BTC"? Can't you just simply withdraw GBP from you bitstamp wallet to your ripple wallet? I'm new to Bitstamp the fact they are a (GBP offering) Ripple trusted Gateway brought me there. Although it seems all funds not in BTC held at the exchange are held in USD. I could find no way to sell BTC/GBP only USD/BTC. The ONLY active market against XRPs as a counter currency is now in BTC/XRP pair with BTCs being bitstamp.net's IOUs of course. Even USD/XRP pair has no trades in it yet... |
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Arvicco
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February 28, 2013, 04:42:57 PM |
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There are currently 4 active markets inside Ripple:
BTC/XRP bitstamp (most liquid)
BTC/XRP weex (bigger spreads, but better deals sometimes)
USD/XRP bitstamp
USD/BTC bitstamp
Trades happened in all these markets, and USD/BTC bitstamp is following MtGox price movements to a reasonable extent, even though spreads are not that good. All in all, Ripple gateway order books have good potential to develop into full-blown currency exchanges over time.
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bitcoinspot.nl
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March 01, 2013, 07:43:36 AM |
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wow somehow i am just not ready yet to get my mind around the whole ripple thing.
If someone could make a "ripple for dummies" video or something like that, that would be great.
roland.
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- bitcoinspot.nl - Alles over bitcoin! -
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BTCOnetime
Member
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Activity: 64
Merit: 10
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March 01, 2013, 08:08:30 AM |
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just went to the ripple site, Firefox was using 1gb of memory..... shady?
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