I cry hype. You can buy ripple on bitstamp, but not sell. What's the point of that? I received 2000XRP from an early adopter but have no idea how to cash them out or what a "trusted gateway" is.
Can anyone explain how you are supposed to use this?
From what I'm reading, the prices are incredibly misleading. People are buying ripples at the high price quoted in the article, but outstanding bid orders are generally 10x lower.
I get that it's a barter/IOU system, but I don't know how you justify that people can start with any amount of ripples they want just because they were there first. Where are they traded? How can I get rid of mine? Am I looking at it backwards?
I cry hype. You can buy ripple on bitstamp, but not sell. What's the point of that? I received 2000XRP from an early adopter but have no idea how to cash them out or what a "trusted gateway" is.
Can anyone explain how you are supposed to use this?
(edit: started reading this https://ripple.com/working-with-ripple/)
From what I'm reading, the prices are incredibly misleading. People are buying ripples at the high price quoted in the article, but outstanding bid orders are generally 10x lower.
I get that it's a barter/IOU system, but I don't know how you justify that people can start with any amount of ripples they want just because they were there first. Where are they traded? How can I get rid of mine? Am I looking at it backwards?