Understanding connecting to a gateway (trust lines)

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  • Avatar
    Daniel Lachman

    It would be helpful to show some examples of trust lines. Can a bank be a trust and what would that look like?

  • Avatar
    Jérôme Hubert

    I can't understand all that. Perhaps because not translated in french... Where do i find "trusts", how could i trust someone i do not know ? Why may i send currencies to a trust instead of keeping it in a wallet ? Did i miss something ?

  • Avatar
    Auth Snort

    Looks like Anna Tong is unable to explain things. She just gives examples of what "some people" may or may not do. She says, for example, "the easiest way". Well, is there a standard way; not easiest, not hardest, just standard routine? I am already spend hours for trying to understand how to put cash into my wallet, but so far in vain. After reading this paper regarding "trust lines", I see only some hints and analogies. No definition, no procedure can be found here

  • Avatar
    Auth Snort

    Is anybody here aware about more reliable, better developed sources of information. maybe some tutorials, or webinars?
    thanks

  • Avatar
    Daniel Lachman

    Auth, I spent a while this morning trying to find better information as well, only to find there are not clear distinct procedures about trust lines either.

    I think what is not made clear especially is what exactly are the consequences of trusting someone. If this could be addressed it would be helpful.

    I think me, Auth and others here understand the basic premise behind ripple linking different units of account, bridging finance like email, but we don't get how the trust line works or how potentially dangerous it is, and as such we don't have enough confidence to continue.

  • Avatar
    Daniel Lachman

    I realized it's still a beta, but it should be easy to use the product.

  • Avatar
    Steinar Kolnes

    Suggest JustCoin.com they can exchange usd, eur to bitcoin and then to xrp.

  • Avatar
    RippleActivation.com (Get New Ripple Accounts Activated Fast!)

    If you cant add trust lines it might be because your have a new unconfirmed Ripple account. We can help you to activate it http://www.rippleactivation.com

  • Avatar
    Brett Denaro

    I think Ripple needs to re-think the way they do this. I have had this Wallet for 8 months or so and am still NOT able to exchange one currency to another. It is way too confusing. If it were as revolutionary as they seem to think it is, I would simply select 'exchange 25,000 XRP for $X amount of US$ (whatever the exchange rate is at the time).' But instead, you have to create some kind of trust line, which makes no sense, regardless of how many times it is explained. Ive given up on Ripple. If the person who owns a wallet cannot figure out how to use it, it is not revolutionary!

  • Avatar
    RippleActivation.com (Get New Ripple Accounts Activated Fast!)

    did you try to post this on their forum? https://ripple.com/forum/index.php Ripple is expanding now in better customer service and more and I can hear what you say (I am NOT from ripple.com!) and think a lot of things need to be communicated and explained better

  • Avatar
    Omni Kneeland

    Auth Snort, I'm with you. There's a concept explained here but no instructions on how to do a trust line. screenshots please? Also, I read up a bit and instead of mining, ripple just got one big issuance to the founders and they're going to spread the wealth? Correct me if I'm wrong, but isn't that a ridiculous way to fund a currency? The idea though of ious being passed around is much like Hawala.

  • Avatar
    Erik E

    A lot of confusion here. I think I might be able to give an understandable explanation. You can test this yourself by making 2 wallets. Say I have a wallet A and B. I get the ripple address of A. Then I go to walled B. In the advanced tab I click the green "Add trust" button. I paste in the ripple address of A. Say I add a trust of 50 dollars.

    That means B thinks A is good for 50 dollars. Because of this A can send up to 50 dollars through the ripple network to B. Adding trust doesn't add any money to your wallet so both A and B will have 0 dollars in their ripple account. But because of the trust line, A can send e.g. 20 dollars to B. What happens then is that the dollar balance for B increases to +20 dollars and it drops to -20 dollars for A.

    What does this mean? It means A owes B 20 dollars. That is why B's balance is positive. This is what Anna Tong meant by holding currency for you. A is holding 20 dollars for B now, because A can't stuff a 20 dollar bill into the internet.

    Another way to look at it is that B walks over to A and gives him 20 phsyical dollars. Then he tells him keep this money for me. Instead of A and B writing down on paper what is owed, A sends B 20 dollars through ripple. This isn't any different from when you put money into a bank. They get your physical money and in return they update some numbers in your account to reflect the fact that they owe you that money.

    I think the confusion here, is that people like to think that when your bank account says a certain number that means you have that money in your account. But that is just a figure of speech. That account doesn't as a physical thing. The account is just information about what the bank owes you. The actual money is in a vault. Not in some physical thing called your bank account.

  • Avatar
    Kelvin George

    Hi Friends
    I got a deal for you. I am co-founder investor at this link
    http://www.bitbillions.com/?refid=14Xp3 ... RscknteCfA when you join as member you get 20xrp from me if you refer u get additional 10xrp if you upgrade to co- founder like me l will give u 30xrp. Just send me email you register with and that of your refer with your wallet address then you get your ripple instantly.
    Regards.

    RIPPLE IS THE FUTURE

  • Avatar
    Yohanes Kristanto

    Kelvin George , hi.. i have sign up by your refferal with Email Address
    bank@bbnew.be ,may i ask u for send 20xrp , here the address rMcu4x3fon9DpcYrUxTDTZtSn1UuqjrB1r

  • Avatar
    Yohanes Kristanto

    Member ID Number

    1rJgwptacHwa3Y6bCSgY9VkqvEFXTbftF

  • Avatar
    kiffa colection

    Hello, anyone can send to me 35XRP TO activate my wallet?
    here my address rf4GzpEKXu3N878PpP5KUZ3gdPeNhFELe3

    thank you for help.

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