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How to add ALV (or any currency) to xrpchart's default currencies


flanman
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1) Add "ALV" on this page: 
https://xrpcharts.ripple.com/#/manage-currency?base

(make sure ALV is selected)

2) Select ALV in the dropdown, and add the Allvor address raEQc5krJ2rUXyi6fgmUAf63oAXmF7p6jp on this page:

https://xrpcharts.ripple.com/#/manage-gateway

3) You're done! Go to xrpcharts (ripplecharts.com) "Markets" - > "Live Chart" and you'll be able to select ALV along with other currencies. The only pair it's trading on right now is XRP.

I assume this lasts as long as the cookie is active.

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2 hours ago, flanman said:

1) Add "ALV" on this page: 
https://xrpcharts.ripple.com/#/manage-currency?base

(make sure ALV is selected)

2) Select ALV in the dropdown, and add the Allvor address raEQc5krJ2rUXyi6fgmUAf63oAXmF7p6jp on this page:

https://xrpcharts.ripple.com/#/manage-gateway

3) You're done! Go to xrpcharts (ripplecharts.com) "Markets" - > "Live Chart" and you'll be able to select ALV along with other currencies. The only pair it's trading on right now is XRP.

I assume this lasts as long as the cookie is active.

Do you know what I must do to swap some XRP for ALV? Should I make a topic asking how to buy ALV?

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2 hours ago, Trader-to-the-Crown said:

Do you know what I must do to swap some XRP for ALV? Should I make a topic asking how to buy ALV?

Use the XRP Ledger. You can run your own rippled server to do so, or more simply, you can go through a third party, gatehub.net or theworldexchange.net

Edited by flanman
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51 minutes ago, flanman said:

Use the XRP Ledger. You can run your own rippled server to do so, or more simply, you can go through a third party, gatehub.net or theworldexchange.net

Ah cool, thanks. I have my Gatehub set up. I got my free ALV. I disabled the trust line but I still have my ALV balance. I didnt realize there is a way for me to get more ALV on Gatehub. I'm not going to ask you to walk me through it, but do you happen to know where I can find the details on how to do that? Google was not my friend today.

I figured it out. :)

Edited by Trader-to-the-Crown
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52 minutes ago, Trader-to-the-Crown said:

Ah cool, thanks. I have my Gatehub set up. I got my free ALV. I disabled the trust line but I still have my ALV balance. I didnt realize there is a way for me to get more ALV on Gatehub. I'm not going to ask you to walk me through it, but do you happen to know where I can find the details on how to do that? Google was not my friend today.

I figured it out. :)

You can disable the trustline and the tokens are stored safe and sound?

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2 minutes ago, panmores said:

You can disable the trustline and the tokens are stored safe and sound?

Basically what it did when I hit "remove trustline" is it set my limit to 0, meaning Allvor could no longer send me anything.

The trust line was still sitting there in my account with all my ALV. I went ahead and set my limit back up because I am considering buying some.

Edited by Trader-to-the-Crown
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Why disable the trust line? It seems like a basic misunderstanding of XRP.

XRP exists on the XRP Ledger. No other tokens exist there, BTC and USD don't actually travel through the ledger. Even though we see them traded, they're just IOUs. If they were real, they wouldn't be traveling so fast ?

A trust line means you trust that a certain address will back your IOU. It has nothing to do with XRP, you can't issue a trust for XRP, as XRP is trust-less. XRP is burned when using the ledger, it's basically fuel. The ledger even prevents the issue of an XRP IOU, there can be only one XRP. 

There can be millions of the same IOU type on the ledger, the difference is the trust line. Here you can see people trading USD with a trust-line to Bitstamp into USD with a trust-line to Gatehub:

https://xrpcharts.ripple.com/#/markets/USD:rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B/USD:rhub8VRN55s94qWKDv6jmDy1pUykJzF3wq?interval=3d&range=max&type=candlestick

You can issue a few commands and create 5 trillion USD IOUs on the XRP Ledger. Would anyone trust your USD??

In the case of ALV, the only safe address to trust is the one given on allvor.org - any other address issuing "ALV" could be fake. The downside of trusting a scammer's ALV address could be, at worst, fake ALV. Your XRP would be unaffected.

 

Edited by flanman
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3 hours ago, flanman said:

Why disable the trust line?

About a year ago there was a bug identified that allowed an attacker to steal IOUs. The bug was fixed, but it was a warning that using IOUs exposes you to more potential hacks simply because more complex systems come into play, therefore there are more opportunities for bugs to be found and exploited. In that particular case, closing unnecessary trustlines would have actually protected you from the attack.

So, if you don't need the trustline open, then why not close it?

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