Post
Topic
Board Altcoin Discussion
Re: Ripple Starter Loans
by
Pzi4nk
on 21/05/2013, 05:19:15 UTC
Perhaps I'm being overcritical given your apparent lack of understanding of Ripple (partially due to your account trusting Bitstamp and TF for 100 BTC each at the same time).

I was just asking about the amount needed because I was not sure if they had lowered it, I seem to remember reading somewhere that the minimum amount was being lowered.

~76 XRP is a reasonable minimum now:
http://ripple.com/blog/ripple-reserve-lowered-by-75/
https://ripple.com/wiki/Reserves

I did not receive give-away XRP twice, why would you think that?
The ledger is public and for rHA7cXDZfeZqGNbihPnHhvwyEL8Rw4dRbJ it consists of only:

Feb 28 22:01:10 UTC Payment from [redacted] 300 XRP
Mar  1 00:49:30 UTC Payment from OpenCoin 40000 XRP
Mar  1 18:43:40 UTC Payment from OpenCoin 40000 XRP
Mar  7 02:36:30 UTC Payment   to [redacted] 75000 XRP
May 17 04:01:30 UTC Payment   to [redacted] 4500 XRP
May 19 23:08:50 UTC Trust 100 BTC/TF
May 19 23:14:00 UTC Trust 100 USD/[redacted]
May 19 23:14:40 UTC Trust 100 BTC/[redacted]
May 19 23:19:30 UTC Trust 100 BTC/Bitstamp


I assume a glitch in their forum scrapping bot double paid you. Not your fault if their bot screws up (unless you were double posting, I didn't bother to check; their bot should have ignored any duplicate posts tho).
[all emphasis added by Pzi4nk]

Dchapes, I enjoy your explanations here and on the Ripple forum but I think you're being too hard on bitcoinbear, at least on the point of knowing how much XRP is required to have in your account.

The number has changed many times and at present it's not at all clear what the requirement is. I've read the same updates you've posted above and assumed I needed 75 XRP. Someone was kind enough to lend me 100 XRP just to be safe, but even that was not enough when I tried to "trust" BitStamp to actually use my wallet I could not because I did not have enough XRP in my wallet.

The Ripple client "information" link next to this notification stated I needed to have 200 XRP in order to extend trust.