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Ripple, Digital Currency, Surpasses Bitcoin Market Cap

2 pointsby PaperclipTakenabout 12 years ago

2 comments

yebyenabout 12 years ago
I cry hype. You can buy ripple on bitstamp, but not sell. What's the point of that? I received 2000XRP from an early adopter but have no idea how to cash them out or what a "trusted gateway" is.<p>Can anyone explain how you are supposed to use this?<p>(edit: started reading this <a href="https://ripple.com/working-with-ripple/" rel="nofollow">https://ripple.com/working-with-ripple/</a>)<p>From what I'm reading, the prices are incredibly misleading. People are buying ripples at the high price quoted in the article, but outstanding bid orders are generally 10x lower.<p>I get that it's a barter/IOU system, but I don't know how you justify that people can start with any amount of ripples they want just because they were there first. Where are they traded? How can I get rid of mine? Am I looking at it backwards?
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PaperclipTakenabout 12 years ago
Addition information about Ripple:<p><a href="https://ripple.com/wiki/Main_Page" rel="nofollow">https://ripple.com/wiki/Main_Page</a>
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