pftq

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pftq last won the day on September 22 2016

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  1. Theoretically, but in practice a lot of ICOs also accept fiat.. Also most investors savy enough to get involved in an ICO are unlikely to not know how to get bitcoin to invest with. I personally find it preferable to send BTC or other coin so it's near instant rather than being unsure if I got into the ICO or not. Maybe my original post was vague, but I'm trying to discuss more from the perspective of someone doing the ICO. If I were to do an ICO, what are the issues with trying to do it on Ripple instead of what most others are doing on Ethereum etc? Why are people using others to ICO on and not Ripple? My thinking is if ICOs were being done on Ripple, it would benefit the whole ecosystem because coins issued on Ripple still burn XRP to transact. That probably would be one issue, that even if you only wanted the ICO, you'd need to hold enough XRP as well which might make it not as clean cut. It might make the legal side more messy as you have to justify both the ICO and transfer of XRP. I guess some of the issues I was hoping to hear more on were things like how accreditation might be handled, where the legal responsibility between you issuing and the investor trading it off is divided. A regular ICO for example may not be tradable on open market, but any coin on Ripple would be.
  2. I'm talking about doing ICOs by issuing what Ripple calls IOUs. From a business use case, they seem interchangeable but I'm trying to figure the pros and cons here compared to an actual new currency.
  3. I know that technologically it should work and be a good fit. Just trying to make sure I'm not missing anything since most are using Ethereum. The main questions being more legal and ease of access rather than technical. Is there a native way to accept bitcoin into the network right now? Or do you still need to convert to IOUs first? Do you have more info on federation protocol? The info I found seems to imply something created off the chain and centralized which would not be ideal.
  4. I generally export all trade history and map each trade to USD value, even if it never touches USD and stays in Bitcoin. Poloniex has trading history, Ripple Account explorer has trading history, etc
  5. What are the considerations/practicalities for doing an ICO on Ripple instead of Ethereum or other platform? My understanding currently is that it takes quite some programmatic skill to create a token right now on other platforms: https://www.ethereum.org/crowdsale But for Ripple it's basically point and click: Example: https://www.theworldexchange.net/?action=issue I'm wondering if this might be a low hanging fruit use case of Ripple to promote, especially with the surge in ICOs lately. Some problems that come to mind would be: - Can a token traded on Ripple be added stand alone to other exchanges? That would be the main obstacle I think as people want to stay on popular exchanges like Poloniex, Kraken, etc. - No smart contracts so no limiting supply, coding in terms, etc. However, most coins I'm seeing are essentially trust or legal based terms anyway. I don't think in practice there is going to be that much difference except to enthusiasts. For example, coins based on a company buying back have to trust that the company fulfills that promise anyway, so it's not as if coins on other exchanges are foolproof / fully code based to begin with. You still have to set up legal docs correctly, form a real company etc. - Unless Ripple brings back user-friendly names, you have to give both the token name and your public key, which just looks unappealing. However, this is something that can be handled on the back end of whatever site lists the coin, so it's a solvable aesthetic problem. For example, if Poloniex listed a coin from Ripple, they can just route all references to token X to actually be to token X issued by Y. I'm not sure if other tokens on Ethereum have to do this already anyway, so it may not be an actual issue specific to Ripple. - Liquidity - used to be a problem but maybe not anymore. Question maybe extends to whether BTC can be made to easily trade with IOU BTC on Ripple, but again a solvable back end problem. Obviously an ICO on Ripple is limited to fundraising or crowdfunding - the financial side of things - and not actually a coin with technical functionality outside that. But I would say many ICOs right now are just that, coins just to raise capital but otherwise with no added functionality. My interest and thinking is that there are a lot of businesses that would be interested in raising capital this way but are intimidated by the technical know how needed. Part of the reason for the really dumbed down https://www.theworldexchange.net site is I'm using it to sort of gauge reaction from people otherwise unfamiliar with cryptos.
  6. Replaced it with non-min version
  7. It's a little convoluted, especially after Ripple stopped supporting the more direct Ripple-BTC to real BTC transactions after it shut down RippleTrade. You'd have to go to an actual exchange that accepts the BTC denominated by the Issuer/Gateway - by default, the BTC on Ripple is backed by Bitstamp (so you could go to Bitstamp to then "redeem" the BTC they back for real BTC). You can see the issuer under the currency symbol ("Backed by..."). It's easier IMO to just convert to XRP first and then send that XRP to an exchange like Gatehub or Poloniex where you can actually withdraw in the currency you want (Gatehub for USD, Poloniex for BTC). See the write-up here: https://www.theworldexchange.net/#started Also Ripple's own documentation on Gateways: https://ripple.com/build/gateway-guide/#ripple-trust-lines-and-issuances The main idea with Ripple is that you can trade between all these represented currencies at minimal cost/friction before going through the process of actually redeeming the final amount.
  8. Fixed some layout issues for mobile. Seems like pages gradually break as the browsers change lol One major thing that's still missing is the orderbook is a direct pull on Ripple's API, so it doesn't include auto-bridged liquidity. Trying to figure how it's being done on Ripple Charts. If anyone's done this before or has any clean cut examples, much appreciated.
  9. I've gone ahead and open-sourced this (it sort of always was anyway, given it's all javascript that you could just right-click and view source). https://github.com/Autodidactic-I/TheWorldExchange Had more plans for this initially, but I've been bogged down on other projects and couldn't get around back to this. Figured it was better to just open it up to anyone else that wanted to add or build upon it. It's been a while since I used github, so if I'm missing anything in the project, just let me know. It's not a very complicated piece of work (just HTML and javascript), but it was frustratingly difficult to find any working examples of Ripple's API (not to mention just a very simple straight forward cold wallet or front-end to use Ripple). Hopefully this helps skip that step for some people out there.
  10. It's like $50/yr to buy a certificate off GoDaddy and then upload it to your server. Shouldn't require crowdfunding lol
  11. Are there any plans to add HTTPs to the site? It seems like a pretty ironic omission given how sensitive crypto people generally are to security.
  12. Thanks, these are all good suggestions. I've widened the login fields and added a logout button. Originally just logging in with nothing would have logged you out, but I realize that's not obvious lol I've pointed the Min XRP links to the documentation (upper left link) instead which mentions XRPChat and Ripple Forums. I'm inclined not to mention how key generation works - they can always click on all the links to Ripple to read on that. I want to keep the site as high level as possible rather than just cater towards people who know crypto already. @lucky: no that's not me lol, just a friend who got super enthusiastic about Ripple after reading my stuff. I have no relation to Ripple Labs, just some guy who's been around since the beginning.
  13. I took a few nights to go ahead and build a site with most of Ripple's functionality. It's essentially a 1-page cold-wallet version of RippleTrade. Everything is client-side and nothing stored or processed by any servers other than the Ripple network. https://www.theworldexchange.net/ Hopefully this spurs more interest in people using Ripple as more than just a currency.
  14. A friend mine also recorded a conversation explaining the tech to someone who is new to the space. Again, very high level and non technical but I figure the more it helps people understand where this is all going, the better. https://www.youtube.com/watch?v=X4jV03rHY6I
  15. Edit: So it looks like config.js is actually being pulled. I used Chrome's inspect function and found this error: Uncaught ReferenceError: require is not defined vendor.js:27086 Also is there a way to have the page served without leaving gulp running in the terminal?