SERVICE DISCONTINUEDStriving to promote any mean of exchanging digital currencies, I'm going to act as a ripple gateway for
boardgamegeek's GeekGold.
boardgamegeek [BGG] is a website dealing, as you might have guessed, in boardgames, and GeekGold is their internal currency.
It is usually called GG on their site, hence I've decided to call it XGG on Ripple, respecting the ISO standard of using X?? to denote any non-national currency.
XGG is a traditional digital currency, meaning it is stored in their server, and created and destroyed more or less at will.
BGG freely allows users to exchange GeekGold either for hard currencies or for games, so opening this gateway won't break their community, it will simply be one more way for them to trade their gold.
Usually they trade with paypal USD, so if they come to Ripple they will have much less transaction fees, on the expense of having to set up an account at Bitstamp and one at Ripple itself.
I've already made some experiments trading BTC for XGG, using in-site auctions:
2012-01-19 2012-10-01. I've managed to collect only a very small sum, since apparently Bitcoin isn't very widespread among BGG users as of now.
While many users might not care, I've decided it's still a worthy experiment.
1. How does it work1.1. In order to accept XGG in ripple, you have to trust the "XGG gateway" address
rJQFX9CMwDHJ3NR1Lc86VoDNxVgBYFemGD for the amount you want to receive, or more
1.2. To get XGGs in ripple, you have to send me GeekGold on BGG, and provide me the ripple address where you want to receive them
1.2.1. my username over there is
Lohoris1.3. To move XGGs out of ripple, you have to send XGGs to the gateway, and link me you BGG account
1.4. before sending me anything, contact me with details via
EMAIL <xgg@lohoris.net> (no private messages anywhere! only email please!)
1.4.1. you might try to PM me here or anywhere, but I might easily miss that
2. Fees2.1. I'll warn you of any fee policy change at least 30 days before it becomes official
2.2. currently there are no fees
2.3. currently the minimum order to be processed is 32.00 XGG
2.3.1. GeekGold has 2 decimal units, hence any order should be rounded to the second decimal unit
About me*
BGG (
XGG topic)
*
Bitcoin SE*
Bitcoin Foundation*
bitcointalk*
BTCXpertsMarketI'm not going to create a market, just act as gateway.
Maybe I'll feed it just with two small offers, later today.
While obviously you might exchange XGG with any currency you like, I think exchanging them with Bitstamp USD might be the best thing to do, since currently they are usually exchanged with Paypal USD.
SERVICE DISCONTINUED
