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Posts posted by panmores

  1. 10 minutes ago, Magickarp said:

    100 million less 'in escrow', not 1 billion. 

    Some other points:
    - can't tell if it's a single buyer.
    - some if not all of the 100 million is pending and might go back in escrow.


    Rubbing my eyes after sleepless weekend and mixing up 0s... thanks, of course the escrow yo-yo will go up again. So this whole thread is a non-event.

  2. Aren't most big exchanges storing tokens in air-gapped different geo-locations? Even GateHub's own air-gapped wallets seemed save whereas ledger wallets were not.

    Also, compared to fiat thefts from banks, it would be interesting to know how much fiat is stolen from bank accounts compared to tokens stolen from crypto exchanges.

    Add the hardware component of hardware wallets. Okay, you have a 24-word key to restore should the hardware wallet fail.

    The major risk with exchanges is that they might go out of business, for whatever reason.

  3. They're early this year! Great to learn that programmatic sales, which for sure had a big impact on market psychology, are (for now) a thing of the past - and that market perception has an impact on Ripple's acting.

    Yet, still no escrow sale and the wording is quite opaque what happens to the chunk each month they don't return to escrow:


    The majority of the unused portion of the 700 million XRP not returned to escrow was being held in operating wallets at the end of the quarter.

    Any ideas what "operating wallets" refer to? In the course of this year this is likely more than $1b taken out from escrows.

    Eagerly awaiting the day those escrows are picked up in FOMO hurry.


  4. Will miss your precise and concise writups, @Hodor even though I think you were too politically correct, if you know what I mean :biggrin:

    Say, did the change come with your CoinField win to fly to Malta?

    Best of luck, enjoy Malta and thanks again for all your work!

    ... while me continues these humble XRP Briefs - quite different from the master's work!

    Today's XRP Brief 10/14/19 - CoinField announces XRPL project and XRP breaks long-term descending channel


  5. 1 hour ago, Tehol_Beddict said:


    "You sure? The job description focuses on trading. The only "XRP" results on indeed are job postings from @Ripple and Societe Generale... So this is the only open eXtended Resource Planning (XRP) job in the world and it's a Ripple partner by coincidence???"

    You're right, it'd make a lot of sense. 

    Any solid information how advanced the Ripple SGS partnership is?

    BTW, your posts in here are dearly missed, you always added a lot of substance and great finds. On Twitter, such posts tend to disappear quickly.

  6. From your "Final Statement" @enej, published Jul 19 - and quiet since then:



    We are in contact with more than a dozen exchanges and wallet providers to freeze the stolen funds before they are cashed out.

    Once these legal procedures are completed we will know the exact amount of funds that our customers will be able to retrieve. 


    So... you are just trying to buy time? Truly shocking to see how GH refutes all responsibility. It's probably the worst handling of multiple crypto hacks ever. Look how other exchanges, especially in Asia, dealt with hacks! You and everyone knows that it must be some sort of inside job, which makes GH's ignoring of all responsibility even worse.

    Feeling sorry for you if you truly think that giving up means the bad guys won. You, I'm afraid, become a synonym for the bad guys. You won't be able to restore trust by ignoring your responsibility. How can you even keep afloat without any trading activity / liquidity is beyond me. Right, you fight. You should fight for your betrayed customers.

    It's actually quite courageous that you dare to show your face. Teaming up with Coil, well, another result of the old Ripple connections that early on brought you most customers. The least you can do is informing victims about progress made when talking to other exchanges and authorities. But I bet you haven't shared a single word with victims yet, because you won't compensate any. Or will you?

  7. 2 minutes ago, Archbob said:

    I'm almost sure that the daily fintech article is mistaken. Yes, Corda Settler does have both Swift GPI and XRP, but the two don't work together. Both SWIFT and R3 have confirmed this for this PoC project and SWIFT has said it doesn't use cryptocurrencies. The settlers can use Swift GPI or XRP to settle. If they choose Swift GPI, they settle via Swift's correspondent bank system. If they choose XRP, then they settle via XRP.

    Thanks for the input, let me find that out.

  8. 29 minutes ago, Danny said:

    Hi Eri, I did contact him, Tariq Alrifai, a 2nd time yesterday and this is what he replied:
    Upon review of the article, I noticed that we made an error and said that Swift was testing Ripple, when in fact, the article discusses Swift testing blockchain and not Ripple specifically. We have notified the newspaper of this error. 

    Was just about to post this "update," thanks @Danny.

    While Tariq copy-pasted an old article, it's not all bad. Daily Fintech actually confirms the Swift Corda Settler trials:


    Screen Shot 2019-10-04 at 15.50.08.png

  9. It's actually pretty cool how GateHub's implementation of Coil works, with a live streaming ticker in the wallet. Yet they're not getting anywhere without compensating the hack victims. It's not just one or two wallets, it's many dozens. Everyone knows it must be some sort of inside job. Looking at the non-existent liquidity, it's a mystery how they can pretend to still be in business.

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