I personally sent peercover the 100000 NXT to make sure all withdrawals would be covered since dgex at the time not responsive and no way to get real NXT transferred to peercover any other way. Sorry, nxtchg.com is not financed enough to be considered for large NXT exchange.
I spent full day during dgex created emergency so that NXT will have a place to trade. Remember it was not even working, simultaneously with src release. Strategically, it is unacceptable for there to be no way to trade NXT in large volumes. I sent XRP to fund people's accts and all of them returned back, showing the honesty of NXT'ers. People can and have traded NXT on ripple enabled by peercover. Peercover also has a direct trade page that allows for trading without using ripple wallet. Still need ripple acct.
However, for my efforts to create an alternative to dgex, I am accused of taking advantage of people somehow. dgex screws everyone and I am accused of bad faith? Covering 100000 NXT gives me super big advantage? I also was told to stop posting here, something I don't remember even yuriygeorge was told to do
As I reviewed the voting, I didn't find a single mention of the peercover solution, until CfB did.
Just wanted to let you know I appreciate your efforts.
WHY ARE PEOPLE AFRAID OF RIPPLE?
I can't speak for others, but I'd not bothered with Ripple before you mentioned it in connection to the Peercover gateway.
Figuring out how to use Ripple going from zero info, other than your postings, was interesting.
I set up a Ripple account and funded it with a small test amount by buying XRP from Justcoins.com. The 1st hurdle was figuring out why my account wasn't being credited the 1k XRP I sent... turns out, I think, it was just a random problem in the Ripple network and I was able to fund the account on a second test try of 300 XRP about half a day later. My first transfer was just a bad dice throw, so to speak. Eventually, the failed 1k XRP transfer was re-credited to my Justcoins account, and I was able to send it to my Ripple wallet ok on the second try.
Once that was done, figuring out how to use the Ripple wallet for trading -- assigning trust and such -- took a little reading of FAQs. While reading the FAQs, to gain a better understanding, I would often refer back to your postings here about Ripple. I'm still not sure I have a good grasp of how trust is supposed to work.
Or, to put it another way, I'm still not sure I'm fully understanding how to do trades via Ripple. Sure, I was able to execute a small test trade of 278 XRP for 100 NXT and then deposit that 100 NXT from Peercover via Ripple to my account.
However the other test trades I made on Ripple didn't seem to do anything. That may have been because my sell prices were too high and my buy prices too low, or I may be misunderstanding something else about how trades and trust are supposed to work... not sure. I still have experimenting to do.
My slow move to Peercover's gateway is because I don't understand how to use Ripple well enough yet. Maybe others are having the same sort of learning curve as well.
P.S. Has anybody checked whether the stolen NXT is in darkNXT accts? If it is darkNXT, then we can believe the thief but then the problem becomes that we misanalyzed the entire episode. darkNXT is the biggest threat to NXT right now, it must be fixed in all ways. I feel this 100000 ways.
I agree with you here, also. I've been looking at the code, specifically how transactions are handled, but I'm still just coming up to speed on it. I'm not a Java programmer. I trust others who are more competent than I am are looking too.
