Post
Topic
Board Service Discussion
Re: Ripple explained for Bitcoiners!
by
qxzn
on 21/05/2013, 00:27:58 UTC
Well you can adjust the knob in a way where you can charge people for rippling through you. For example, you exchange 1 A.BTC for 0.98 B.BTCs.

I guess, but with the default set to 100% quality, probably everyone would route around me and it's not worth the risk.

Quote
I agree with you, the default when creating a trust line should be to set the quality to zero. Would you like to open a Github issue? You can do it here:

https://github.com/rippleFoundation/ripple-client/issues?state=open


This misstep gives me some concern about OpenCoin's understanding of markets. Did they seriously not realize that liquidity providing is a risky business that demands payment to the liquidity provider?