Web of Trust - a decentralised trust model
Questions tagged [wot]
4 questions
6
votes
1 answer
In Ripple, when an IOU is defaulted upon, who gets hurt?
Let's say there are five people.
Alice <-> Bob <-> Charlie <-> David <-> Eve
Each of them trusts the person next to them. For instance, Charlie trusts Bob and David, but not Alice or Eve.
Alice run a donut shop. One day, Eve comes in and asks to…
Nick ODell
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6
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2 answers
How does a gateway IOU differ from any other IOU on the Ripple network?
How does a gateway IOU differ from any other IOU on the Ripple network? Say, if I got a $1000 from a gateway, does that make it a better currency than say, creating a second account and sending myself $1000 through that? Does the Ripple network…
ThePiachu
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5
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1 answer
Can Ripple exist without ripples?
Can a system like Ripple exist without a currency like ripples? As they are not used to pay the peers in the system, and their supply / fee ratio is so large they do not appear to be stopping the system from being spammed, could the system work…
ThePiachu
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3
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2 answers
Does sending non-ripple-money through Ripple require two people to be connected through a web of trust?
Say we have two people - first one puts some money into their Ripple address through a use of a gateway. They are not trusting anyone on the network, but need to send their money to a second party that may or may not be in a similar situation. How…
ThePiachu
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