Quote from: JoelKatz on February 12, 2013, 11:20:21 AM

Quote from: nethead on February 12, 2013, 08:02:28 AM

i dont see why not to 'ripple-trust' me Tongue

Thanx

Just remember, if you extend $5 in trust to someone, they can wind up owing you $5. If you don't have a settlement agreement with them, that could mean that $5 you intended to be able to spend or cash out is now a worthless IOU. Trust in Ripple is a powerful thing.

Are settlement agreements always negotiated externally, ie. by word of mouth? Or are they written into the public ledger?