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About SamIam

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  1. Alex, the last live stream I attended your admins were posting rude comments about me, and then timing me out over and over. I was polite and courteous in the 4-5 comments I made. It's your channel and your moderators. I think this reflects poorly on you that this behavior is tolerated. I haven't been back since, but wish you the best in your endeavors.
  2. Hello everyone, I'm Sam, I live in Texas (CST Timezone) and have a US audience. I speak a bit of several languages but not enough to be fluent. I'm on Twitter @hameggsn and on YT at To The Lifeboats In my corporate days I had a job very similar to Bob's but in Telecom. I've also been an activist, a co-host on a nationally syndicated talk radio program, a farmer raising Pastured Chicken and sold at the Dallas Farmers Market, and a videographer. I have a lot of people who appreciate me breaking down the more complex/technical aspects of XRP adoption to help them understand why it's important and the big picture of what may be happening.
  3. There's a reason Ripple developed ILP and then handed it off to the standards body. They're following the strategy outlined in Contemporary Strategy Analysis to a tee. I think you're on the right track but have a few details off. It's not one pool of liquidity. Ripple holds ~4-6Bln XRP in it's two primary wallets. What's noteworthy is the number of exchanges that sit on a billion XRP. (and No, customers are not buying a billion at each of these different exchanges, nor did all of these exchanges have 300M burning a hole in their pocket they decided to use to buy XRP) Currently there are 7, all different size exchanges (Have a look:https://xrptracker.kka72.com/) all holding 1B XRP (+customer holdings). These are the Ripple supplied and managed pools. They need them in as many markets as is practical. Shorten your time frame from monthly down to days and possibly even hours. If you were facing a business problem of managing global liquidity across thousands of markets, with billions of actors making independent decisions, would you try and manage that with traditional programmed thresholds? The clear answer here is an AI that monitors and manages the pools. Look at the XRPL monitor, every week you see 4-10 transactions of typically 5-50M XRP moving from Ripple wallets to a wallet where they then break it up into transactions that used to be round integers of 100,000 XRP (after making a video pointing out these payment flows they now added a random number of xxx XRP to disguise what's going on. Follow those wallets and you get to transactions that move x,xxx-xx,xxx XRP to several wallets. This all started around the timeframe you reference for the patent filings. Look at what happened when Bitrex did their upgrade. All of a sudden transactions of 49,999,999M XRP started flowing from Bitrex to Bitso's wallet. The destination tag was 0 so this was not a customer. When finished it moved 500M XRP. Seems highly likely that somebody forgot about a configuration that set Bitso up as a new Xpool and the AI saw the imbalance and started correcting it. Shortly after, it was moved back, but this time in round numbers without the 9's. I've seen this before and made videos about it. I think the 999's are to designate AI moves and when the humans come in to correct it moves with round numbers. This is one example but I've seen transactions that move funds between most of these exchanges sitting on 1Bln XRP. I've even seen an intermediate wallet that would pull XRP from 2 different exchanges combine them and send to a third exchange. Why in the **** would competitors be sending XPR around like that? The answer, they're Ripple partners, and Ripple's AI is managing liquidity for them. Don't know the specifics, but think about it, Ripple has almost no cost from it's acquisition/holding of 60Bln XRP. I suspect they're loaning/leasing the XRP to the exchanges for cheap/free. Ripple knows where this is going and have every incentive to drive up the price. The AI is installed at the exchange and Ripple's AI is free to manage the pools globally, as directed by their markets team. Again, I've been talking about this for months, and doing videos showing the wallets, but everyone is too busy calling me an idiot to actually look into it. Great post, I am just starting to dig into the patient topic, I clearly need to go read them.
  4. SamIam

    Hi! I'm Bob

    Hey Bob, I have a few questions for you: Every week for several months now, Ripple sends out 10's of millions of XRP. They follow a predictable pattern. Typically 5-50M go out, the receiving wallet then sends out XRP to 2-10 wallets in amounts that are usually in the hundred thousand range (with round numbers), those receiving wallets tend to then send transactions that appear to be payments, not in round numbers. Other wallets with a similar profile seem to be on the receiving end of the payments rolling things back up. Any idea what's going on here? xPOOL - What can you tell us about it? Ripple registered the trademark years ago. Temenos did a PR about shared liquidity pooling for it's T24 customers that may be related. The theory is Ripple manages global liquidity in partnership with the exchanges to provide banks with price stability. (There's also a Shane Ellis theory that suggests giant buy/sell walls with cash and XRP will do the same on live order books down the road. The walls will move up and down to manage liquidity.) I've been told xPOOL was going to be a product but then became more of a Ripplenet feature. This may tie in with the private ledger/walled garden idea and the accounts above. When Bitrex upgraded it's platform strangely 500m of it's ~1B was transferred to Upbit in 50 moves of 49,999,999 XRP. I think an AI could possibly be managing the liquidity pools for Ripple and the 9's are to indicate AI moves. Shortly after this stopped, the funds were moved back in 90M XRP transactions with round numbers suggesting human intervention. Do you know anything on this subject? There are wallets that do nothing but move funds between exchanges in this manner, sometimes through an intermediary wallet with an 5-15m delay. Destination ID's on all of these suspected xPOOL moves are 0's typically (sometimes 1-10), so it's not customers moving between exchanges. I guess the big question here - when XRP is used for 8 digit transactions, what is Ripple's strategy to avoid slippage eating up the savings between Mark and Mak? A couple of interesting ones - The SecurityBounty wallet that had 50K in it for a week and then it was pulled out. Happened a couple years ago, was this some kind of hacking challenge you put together? I also see occasional transactions with encrypted Travel Rule details added. Any idea why this is used vs. pre-transaction negotiation? Bob - Your posts are tremendously appreciated, and have filled in a lot of gaps for me. Too often I see a few Ripple employees respond on twitter when they can score points at someone's expense vs. educate the community as you have. This will go a long way to dispel FUD and create a stronger community.
  5. There you go, I went back and tagged you as well since the same comment seems to apply equally. How long are you guys going to keep ******** on the discussion here? Don't get enough attention at home? Hate your life and this is your outlet? How about you contribute instead of waste time attacking others?
  6. Like I said, you're clearly not following the discussion, and now your resorting to personal attacks to cover that fact.
  7. I think we just disagree here. I used to mine data from the phone networks, and there's lots you can learn/derive from raw transaction data. Regardless, scroll up, look at the video from Chris Larsen. He's telling us most transactions won't go over the public ledger, they will be on private ledgers with payment channels. I guess take it up with him, as there's a reason he said it.
  8. Dude, seriously, this conversation is over your head. Nobody is disagreeing with you. @BrownBear
  9. What's it like to be such a negative person? Must be lonely in there. I feel sorry for you Bender.
  10. That doesn't make any sense to me. Your asking why would the banks pay $100/xrp if it's trading at $90/XRP on the public exchange. The reason it doesn't make sense IMO, is because your viewing it though your perspective of an investor who wants gains from appreciation of the asset. The banks could care less what price they pay provided they get the best rate. They won't go buy it publicly because it would then have to be brought into the private ledger (thus defeating the privacy purpose) and who's to say Ripple doesn't have agreements in place preventing that? The point of using XRP in this way is to have a privacy within the private ledgers that's also extremely liquid and functional for accomplishing business objectives. I'm not understanding your objection? (and I honestly would like to)
  11. You asked for a riddle, I gave you one, and you didn't even solve it. Just more complaining. Perhaps it was applicable.
  12. I think the risk is greater in the early days when new rails are setup. Of course that data will be there forever, and could be applied going forward. Lots of intelligence to be gathered. Look at what advertisers and app makers do to track us, and you have your answer.
  13. Why do you think the banks would care if they buy 1,000 XRP@$10 or 100 XRP@$100? It makes zero difference to them, as they're owning for 3-6 seconds. However, if the agreement with the exchange is a fixed price on a per-transaction basis within the private ledger, then the banks eliminate slippage and keep the transaction cost minimized - something they care a great deal about. It can work just as well on a public market, and some will use it that way, this is for institutions that want/need privacy. Good questions and objections, I appreciate the discussion Lucky.
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