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Author Topic: Ripples and BTC  (Read 1023 times)
redbos
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April 12, 2013, 10:03:40 PM
 #1

Hello,

I'm looking to learn more about ripple, how it can interface with bitcoin, but I'm especially interested in getting started. I'm limited now by not having any ripples to start. Any tips on buying in or getting a loan? I havent had much luck so far Sad

Thanks for any help,
Mike

xrp: rNBtdNtTnsd8hFXxRP27YiAkxvhjQoWyFS
btc: 1MBUZc1KeRgrNguTuFx8DicwFMrbaHiMD1
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imrat
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April 12, 2013, 10:06:22 PM
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+1
ive been looking for an easy way to trade btc for ripple but havent found one.
hahdouken
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April 12, 2013, 10:18:53 PM
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+1
ive been looking for an easy way to trade btc for ripple but havent found one.

Bitstamp
hahdouken
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April 12, 2013, 10:21:07 PM
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And to get a few ripples in your wallet to make the transfer, you need to start begging for them on forums. Lame, I know.
imrat
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April 12, 2013, 10:23:27 PM
 #5

thanks hahdouken

i tried transferring from bitstamp but i need to trust their address first. Cant trust without the first 300 or so RPX.

I guess thats where the begging comes in?

Know of any good cardboard boxes I could use?
Ru7ru5
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April 12, 2013, 10:39:30 PM
 #6

You can post a reply in https://bitcointalk.org/index.php?topic=145506.0

Someone from Ripple will give you thousands of XRP
imrat
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April 12, 2013, 10:42:32 PM
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great tip will do that as soon as I get rid of my  Roll Eyes newbie status
kripto
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April 12, 2013, 10:50:50 PM
 #8

I don't understand the purpose of limiting the giveaway of XRP by Bitcoin Forum account age?!
spock.one
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April 12, 2013, 11:03:19 PM
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It sounds interesting...
Ru7ru5
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April 12, 2013, 11:04:42 PM
 #10

I don't understand the purpose of limiting the giveaway of XRP by Bitcoin Forum account age?!

They have a limited number of coins, as bitcoin mining the reward is smaller over time
unclescrooge88
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April 12, 2013, 11:09:17 PM
 #11

Ripple is intriguing, but hard to get my brain around as a newbie...
kripto
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April 13, 2013, 11:59:41 AM
 #12

I don't understand the purpose of limiting the giveaway of XRP by Bitcoin Forum account age?!

They have a limited number of coins, as bitcoin mining the reward is smaller over time

Of course but why the discrimination?
dadrizforshizz
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April 13, 2013, 12:04:31 PM
 #13

The easiest way to get USD funds into Ripple wallett without wiring funds to a foreign bank is via Coinbase. You can link your USD bank account to coinbase, send USD to your bitcoin wallett in turn send it to bitstamp and then to ripple. This has been the simplest way for me to do this without dealing with any foreign banking institutions.
JoelKatz
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April 13, 2013, 12:11:42 PM
 #14

Of course but why the discrimination?
To prevent people from registering dozens of new accounts.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
ynos11
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April 13, 2013, 01:18:35 PM
 #15

Why would you trade BTC for Ripples when they still have 75 bn Ripples to give away for free?Tongue

Ripple: r5FkM25yt1NmvTL9LY3YLNwSy1YCiu9P8
dadrizforshizz
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April 13, 2013, 01:20:06 PM
 #16

Why would you trade BTC for Ripples when they still have 75 bn Ripples to give away for free?Tongue

Some probably want to speculate that once they give them all away, the price will go up but the can always issue more Ripples once they have given them all away -- thats the kicker with a centralized currency Wink
kripto
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April 13, 2013, 02:47:30 PM
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Of course but why the discrimination?
To prevent people from registering dozens of new accounts.

In my opinion this does not qualify as a valid argument as there is a captcha challenge in the account registration process as well the newbie restriction protocol (5posts + 4h login time). So the accumulation in this way seems to be impractical.

I think the question remains: Why the newbies vs. veterans discrimination?
sirdeadpool
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April 13, 2013, 02:55:23 PM
 #18

I don't understand why they're giving it away for free? Is it simply to get it started?
kripto
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April 13, 2013, 03:21:18 PM
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I don't understand why they're giving it away for free? Is it simply to get it started?

Yes that should be the only reason - to create as wide a user-base as possible.
mmeijeri
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April 13, 2013, 03:27:13 PM
 #20

Keeping the exchange rate from going through the roof could be another reason. A virtual currency is useless as a payment mechanism if it is very volatile.

ROI is not a verb, the term you're looking for is 'to break even'.
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