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Found 13 results
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  1. Hey All! So last night I tried out the Easy IOUs feature (https://xumm.community/easy-iou) rolled out by Xumm.Community and created my own IOU on the XRPL called Xontle (XTL) after the currency used by the Mayas (cocoa beans). As stated in the website perhaps this is the most straight forward way to create an IOU in the XRPL and I could confirm. It took me a little less than half hour and cost me 5 XRP service fee and another 10 XRP put in reserve to create trust lines.. I wrote about my experience with the service (not a how-to guide, as I think you need to read step by step c
  2. Question to @WietseWind /u/pepperew . While catching up and reading what our friends @ Stellar/Keybase are doing I was wondering if the same could be done with XRPtipbot i.e. start tipping people using issued currencies (IOUs) on the XRP ledger. On top of that when the checks amendment is available could it be possible to add this option to XRPtipbot as well? Granted the whole "checks thing" was a bit weird to me at first and is probably the main reason why (trusted) validators haven't supported it yet. The checks could be seen as coupons and gift cards (with expiration date) "issued
  3. ...is xrp's potential for being used as "reserves." I came across this article that discusses the concept of "forex reserves:" http://www.nbdpress.com/articles/2017-06-08/2632.html Before reading this article, I've heard the concept of xrp "reserves" being purchased by individual companies or market makers as a tool for managing risk and being able to profit from volatility. (source: _https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/?do=findComment&comment=50182_) The concept was always part of a larger topic, and I guess I
  4. Hello all. I apologize in advance if this question is in the wrong place or repetitive...I'm new and, frankly, not really sure where to put this question in the context of the available topics. (I created this topic in Marketplace awhile ago and it didn't get any replies...maybe the wrong place to post it?) So I've experimented by buying a basket of IOU's representing different currencies and even bitcoin by using https://www.theworldexchange.net ledger interface, and now I have them just sitting in my XRP wallet. So I understand obviously how to send XRP from wallets to exchanges and su
  5. Hello all. I apologize in advance if this question is in the wrong place or repetitive...I'm new and, frankly, not really sure where to put this question in the context of the available topics. So I've experimented by buying a basket of IOU's representing different currencies and even bitcoin by using https://www.theworldexchange.net ledger interface, and now I have them just sitting in my XRP wallet. So I understand obviously how to send XRP from wallets to exchanges and such, that's simple...but I don't see any option for these IOU's. I see each has its' own unique address that I assum
  6. This blog post is Part Two of a double feature for Thursday, January 11, 2018. Some XRP investors may not even know that the XRP Ledger, at its core, is a credit network. This is an innovation first created by Ryan Fugger, and it forms the core framework for the XRP Ledger. In my latest blog, I discuss what this means, and just for fun I show users how to create their own token on the XRP Ledger. I hope you enjoy the read - please leave all comments below! Feel free to share my blog with a friend or on any other platform or media & thank you for doing so. Blog an
  7. Is it possible to setup a Gateway with IOU fees based on time? Example, the fee of The IOU is 1% per year. If the IOU is owned for 6 months then sold, the fee would .5%. This would be the case on calculating the fee on days too. Every time the IOU is sold, the fee would be the total time owned. Would this be within the Transfer fee and the transaction time stamp of each IOU coin when it is sold?
  8. Hi folks , I am very new on ripple network , I want to create an IOU that could exchange with some other token on ripple network , first i need to understand this work could be performed on private , testnet or it only be performed on real network . I don't want to spend XRP on my first try . This is just for POC purpose please help me over it to resolve . Thanks,
  9. Hello , I try to make the trustline between two account using this JSON-rpc api { "method": "submit", "params": [ { "secret": "Secret-key", "tx_json": { "Account": "rcWB6PobWkr2hAWRAFGxpAxPUpxnWNtiA", "Fee": "15000", "TransactionType": "TrustSet", "LimitAmount": { "currency": "SOM", "issuer": "rUfWPdSpQVHkAxarYTPU3uHX47n6L78guM", "value": 0 }, "Flags": 65536,
  10. My latest blog entry. I talk about what some new XRP investors may not know... hat any user can issue credit and create their own tokens for a multitude of uses. There's a lot of use cases for issuing IOU's on the RCL; some of these have some awe-inspiring potential in terms of volume and value! https://xrphodor.wordpress.com/2017/06/23/ripple-consensus-ledger-the-credit-network-innovation/ Thanks for reading; feel free to quote, reference, link, share, and leave your comments.
  11. Does anybody know the actual technical steps for issuing an IOU on the RCL? Also as a follow-up, I think there would be a huge market for a tool to easily issue these and manage them as an "overlay" software that integrates with the RCL. Has anybody already thought of this? (or know if it, or has built it?) Thanks for any guidance. - Hodor!
  12. I have been thinking of the concept of offering ripple IOUs through a redeemable prepaid card sold via a mixture of retailers an online sales. For a while, I was thinking of different methods of attempting this use case which had large attack vectors, for example a database full of redemption codes could be compromised. This also does not take into account the security issues on the issuers' end, where as redemption codes could be redeemed before sale among other malicious possibilities. Instead of creating a complicated back end system for redemption, I have settled on a concept of cre
  13. Hi, This question is all for those who missed the boat getting into bitcoin when bitcoin was priced way below 1 cent back in 2009. The question is: "How did YOU handled the news of Bitcoin's existence when you first heard about Bitcoin on national News when it was priced at $1,100 back in 2013". Me personally, initially it didn't do nothing to me, I saw it as another "gold" well a digital "gold" that was probably worthy to getting into and investing in it in anticipation of it rising to much higher than $10,000 per BTC or higher, and yes it would have reached that high only if i
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