Guest Posted December 15, 2015 Share Posted December 15, 2015 First, we apologize for any confusion we caused by earlier communications. We continue to support the growth and expansion of a Ripple ecosystem of which XRP remains an important part.We are pleased to announce that we will be launching an optional migration path from Ripple Trade to GateHub to provide users with a streamlined transition. If you choose to do so, you will soon be able to migrate with just a few clicks.We believe that GateHub is committed to developing a trustworthy business around the consumer and gateway use case. We are excited to see new and great products building out the Ripple ecosystem.All users will have the option to seamlessly migrate their Ripple Trade wallet to GateHub or an alternative wallet provider to administer their funds. To clarify further, U.S. users must migrate their funds prior to January 13.We expect GateHub to be ready over the next week. We will share more information about migrating your wallet to GateHub shortly. In the meantime, please contact us with any questions at support@ripple.com.Thank you, The Ripple Trade team Link to comment Share on other sites More sharing options...
karlos Posted December 15, 2015 Share Posted December 15, 2015 too bad the migration service wasn't ready when the announcement was made. Odd timing Parabellum and Zooplankton 2 Link to comment Share on other sites More sharing options...
beyond73 Posted December 15, 2015 Share Posted December 15, 2015 Even if Gatehub is trustworthy, I'm not sure if other gateways can be trusted, I mean I will have to give up my secret keys , which means XRP will no longer be a counterparty risk free crypto for individuals but only for FIs. Link to comment Share on other sites More sharing options...
cmbartley Posted December 15, 2015 Share Posted December 15, 2015 (edited) So, in their follow up email they say "First, we apologize for any confusion we caused by earlier communications. We continue to support the growth and expansion of a Ripple ecosystem of which XRP remains an important part." They link to their Ripple Vision document. Is this convincing to anyone? Edited December 15, 2015 by cmbartley Link to comment Share on other sites More sharing options...
souljerr Posted December 15, 2015 Share Posted December 15, 2015 Didn't they have at least one internal conversation about how the initial email would be received? The backlash must have been pretty dramatic for the second email. I looked at it and thought why wasn't this included the first go round? Whose running the asylum? Link to comment Share on other sites More sharing options...
cmbartley Posted December 15, 2015 Share Posted December 15, 2015 https://ripple.com/solutions/ripple-for-market-makers/ some stuff re: XRP Link to comment Share on other sites More sharing options...
T8493 Posted December 15, 2015 Share Posted December 15, 2015 1 hour ago, beyond73 said: Even if Gatehub is trustworthy, I'm not sure if other gateways can be trusted, I mean I will have to give up my secret keys , which means XRP will no longer be a counterparty risk free crypto for individuals but only for FIs. Why would you have to give up your secret keys? Link to comment Share on other sites More sharing options...
yandel Posted December 15, 2015 Share Posted December 15, 2015 Maybe McCaled (US) has his stuff at RippleTrade, and hopefully doesn't get an account elsewhere. Link to comment Share on other sites More sharing options...
Sapitoka Posted December 15, 2015 Share Posted December 15, 2015 13 minutes ago, yandel said: Maybe McCaled (US) has his stuff at RippleTrade, and hopefully doesn't get an account elsewhere. Yeah, maybe he can't handle that as he understands ripple very poorly Link to comment Share on other sites More sharing options...
Guest Haydentiff Posted December 15, 2015 Share Posted December 15, 2015 5 hours ago, souljerr said: Didn't they have at least one internal conversation about how the initial email would be received? The backlash must have been pretty dramatic for the second email. I looked at it and thought why wasn't this included the first go round? Whose running the asylum? People freaked out because Ripple doesn't want to provide a wallet anymore. Who could've anticipated that? The original email provided a link to other wallet providers. They probably decided to create a migration path out of pity for the poor souls who require a lot of hand-holding. (Just a snarky guess...) Link to comment Share on other sites More sharing options...
yvv Posted December 15, 2015 Share Posted December 15, 2015 (edited) 7 hours ago, beyond73 said: Even if Gatehub is trustworthy, I'm not sure if other gateways can be trusted, I mean I will have to give up my secret keys , which means XRP will no longer be a counterparty risk free crypto for individuals but only for FIs. You don't need to give up your secret keys. Gatehub is a nice gateway with built in wallet, but they are going to face the same problems which caused ripple and snapswap to close their services for end users. How are they going to solve these problems? Edited December 15, 2015 by yvv Link to comment Share on other sites More sharing options...
brianwalden Posted December 15, 2015 Share Posted December 15, 2015 6 hours ago, T8493 said: Why would you have to give up your secret keys? Gatehub stores your secret key in their databases, so you're trusting them not to get hacked. Ripple Trade got around that by using a blob vault. Link to comment Share on other sites More sharing options...
yvv Posted December 15, 2015 Share Posted December 15, 2015 4 minutes ago, brianwalden said: Gatehub stores your secret key in their databases, so you're trusting them not to get hacked. Really?? I asked them a question as soon as they made announcement on xrptalk and they swear that they don't have access to users keys. Link to comment Share on other sites More sharing options...
thinlyspread Posted December 15, 2015 Share Posted December 15, 2015 The official line is: Quote There have been some questions from the community about secret key security at GateHub. Secret keys and passwords are hashed and encrypted using industry standard algorithms with high cost factors to protect against brute-force attacks. We would like to point out that our employees do not have access to your passwords and secret keys. In case you forget your GateHub password, the only way to regain access to your account is by using your recovery key, which decrypts your account data. http://blog.gatehub.net/post/118438989892/gatehub-security tulo 1 Link to comment Share on other sites More sharing options...
brianwalden Posted December 15, 2015 Share Posted December 15, 2015 2 minutes ago, rippledigital said: The official line is: http://blog.gatehub.net/post/118438989892/gatehub-security If someone steals the whole database it's only a matter of time until they crack it. That's how the high profile password hacks like LinkedIn happened. Link to comment Share on other sites More sharing options...
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