Guest Posted June 2, 2019 Share Posted June 2, 2019 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" by the (gaming/music/entertainment) industry. There could be a big potential for this. Checks can maybe be implemented in a similar fashion as the escrow option in the "withdraw" section of the XRPtipbot? While "withdrawing" you'll in fact be sending a check to someone and thus "tipping" them... Currently we have +amount /u/xrptipbot to tip XRPs to a reddit user. In the future, would it be possible to send +1 USD/EUR/BTC/ETH/PPRW /u/xrptipbot ? The XRPtipbot users don't even need to hold the issued tokens in their XRP Ledger account (no trust lines). Neither do they need to have IOUs in their XRPtipbot. They could simply deposit XRP to the tip bot like they do right now and then the conversion can be done just like in the XRPayments app. For example, if I would tip +10 USD to someone, the tipbot basically would just do the USD-to-XRP (supposedly via on-ledger DEX) conversion and send that user the XRPs (10 USD ~= 25 XRP). This is the "trick" XRPayments use meaning that even though I sent 10 USD they would still receive that amount in XRPs. Not really the purpose of my post but this could be one of the options. Another way to do this is to really send them what the user wanted in the first place. If someone paid my beer(s) and the total amount was 10$ then I'd like to pay them back exactly 10 bucks. This could be done by taking e.g. 25 XRP (~= 10 $) from my XRPtipbot account and converting XRPs to IOUs of my choice (via built-in DEX (best offer)) and then deposit 10 USD to that person's XRPtipbot account. In this example I don't have any IOUs in my XRPtipbot account and my XRPs are converted to USDs via on-ledger DEX. For this to actually work the tipbot accounts would need to be able to store IOUs. When withdrawing the IOUs, the user should be able to chose to convert them into the XRP (again via DEX to get the best offer when converting to XRP) or simply to withdraw the IOUs themselves to their on-ledger XRP account (trust lines). Most of the people would probably chose to convert IOUs to XRP. That's why this option would be a must have. References: https://developers.ripple.com/issued-currencies.html https://developers.ripple.com/checks.html https://keybase.io/blog/keybase-stellar-launch Link to comment Share on other sites More sharing options...
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