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Author Topic: Ripple questions  (Read 847 times)
BRules
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April 08, 2013, 07:57:13 PM
 #1

well I don't know if this is a bug or something. But here is what happened

Created an account and posted my address on the give away section.

after sometime I received my 30000xrp. Then I just navigated a little at the sections of my ripple wallet and closed my browser. but when I logged again at my wallet my balance was 29999.99999. Question: the 0.00001 ripples that are destroyed in each transaction are debited from the created transaction or the sender wallet? If it's destroyed from the transaction, why was showed to me 30000xrp at the first time I saw the ripples in my account?

when I discovered that 0.00001 xrp missing in my account, I decided to created another account to test transactions. So I created another account with the same login but different password (Maybe I'm wrong but I think that, for security measures, we shouldn't be able to create two wallets with the same login) and then transferred 1000 xrp to my second account.

well this time the second account showed (and it's still showing) 1000 xrp, but now in my first account I have 28999.99997, Question: Why now was destroyed 0.00002 xrp instead of 0.00001?

after this, I tried to send the 1000 XRP back to my first account and now I'm receiving a weird message:
"This transaction exceeds your balance, you can send a max. of 800 XRP"
Question: How can this exceed my balance?


EDIT:
Just sent 800 XRP to my first account and now my second account has 199.99999 XRP. But now in my second account I have a warning: "Your current balance is low. You must keep a minimum of 200 XRP to use all the features of ripple". Question: Why I can't use all ripples in an account?

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April 08, 2013, 08:03:27 PM
 #2

ripple is a scam.

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bitcoiners
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April 08, 2013, 08:20:34 PM
 #3

ripple is a scam.

Don't know if it's a scam or not but it is worth exactly zero the same as BTE.  But you know what they say about fools and their money?  We are watching it happen.
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April 08, 2013, 08:24:49 PM
 #4

Tx fee is deducted from the sender's XRP balance, which must remain at or above *current* reserve minimum of 200 to function, the reserve minimum is designed to discourage account creation spam.

Alex Kravets         http://twitter.com/alexkravets
BRules
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April 08, 2013, 08:33:46 PM
 #5

the reserve minimum is designed to discourage account creation spam.

I don't get it. why one will benefit from creating multiple accounts?


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April 08, 2013, 08:49:19 PM
 #6

The network will get bogged down by too many accounts.
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April 08, 2013, 09:29:00 PM
 #7

Ripple's total current state is stored in the last closed ledger which contains all accounts, lines of trust and offers, which is why all three of the above add to the reserve minimum to ensure the ledge state is not bloated by spam

Alex Kravets         http://twitter.com/alexkravets
BRules
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April 08, 2013, 09:37:59 PM
 #8

now it make sense, tks for the explanation alexkravets.

let me just state to the next readers that my questions on my first post wasn't answered yet.

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April 08, 2013, 09:45:27 PM
 #9

Every operation ( offer, line of trust adjustment, send ) is considered a transaction and currently debits the initiators account 0.000010 XRP or 10 drops, this should explain all changes to your XRP balances, again the purpose is to discourage spam while keeping legitimate use affordable.

Alex Kravets         http://twitter.com/alexkravets
BRules
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April 08, 2013, 10:58:19 PM
 #10

ohhhh, now I see what exactly happened, so, not just the transactions destroy ripples but every action. But looks like that even denied actions also destroy ripples:
I tried to trust the bitstamp address with the amount of 0 USD, and was returned to me:

Granting failed!

Trust granting failed to clear, reason: Can't set non-existant line to default. (WTF, couldn't understand what this mean).


so, I have my doubts that ripple will be popular as bitcoin. first, the ripple concepts are complexes for regular users and also regular users don't like to see money being debited from his account in every action (yes, I know, it's nothing that is being debited, but the amount is decreasing)


tks again for your clarification


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April 08, 2013, 11:17:26 PM
 #11

Every action that propagates through the p2p network should have a cost or else spam will ensue.
Setting a trust line to non zero brings it into existence, trying to set a non-existent one to a de facto default of zero should've been disallowed by the UI, which is a good candidate for an issue I just opened here

https://github.com/rippleFoundation/ripple-client/issues/378

Feel free to comment

P.S. Ripple's ultimate popularity will depend on its useful attributes relative to alternatives and lack of undesirable attributes.  Complexity will be eventually be minimized or hidden by refining the Client UI.

Cheers...

Alex Kravets         http://twitter.com/alexkravets
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April 09, 2013, 02:29:00 PM
 #12

ripple is a scam.

Don't know if it's a scam or not but it is worth exactly zero the same as BTE.  But you know what they say about fools and their money?  We are watching it happen.

This is why it's a scam.  From their https://ripple.com/bitcoiners/

Quote
All ripples were made at the network’s inception (100 billion). No more will ever be created. The founders donated 80 billion to OpenCoin, Inc., the maintainers of this site. OpenCoin, Inc. plans to give away the majority of these for free.

So in other words, ALL of the coins are premined, and 80% have already been given to the creators.

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crayfish
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April 15, 2013, 12:59:36 AM
 #13

My ripples are totally missing and my wallet is now 0. What happen to them???
alexkravets
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April 15, 2013, 01:03:24 AM
 #14

Plug your raddress into this ripple live network monitor to see its history without logging in

https://ripple.com/graph/#r3kmLJN5D28dHuH8vZNUZpMC43pEHpaocV

Alex Kravets         http://twitter.com/alexkravets
dchapes
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April 15, 2013, 01:12:26 AM
 #15

My ripples are totally missing and my wallet is now 0. What happen to them???
Did the client log you out? It loses it's balance information when it does (until it gets re-logged in, not permanently).

The webclient uses websockets to talk to the ripple servers and occasionally that connection gets reset and it can take the client a few seconds before it gets a new connection.

Anyway, your account currently has exactly 300 XRP.

IMO, Ripple questions are best asked (and answered) on the Ripple forum and/or StackExchange
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