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Posts posted by rippleHero

  1. Yeah right, that is obvious now. Thanks.

    In addition, is it easier to transact with exchanges on the XRP Ledger? For example, if you had an account on Bitfinex, is it easier to transfer XRP to you XRP Ledger account, and then transfer to your other account on Bitstamp? Or could easily do that through your exchange account on Bitfinex? 

    I am just trying to understand why keep/use XRP on a Ledger account. It just seems easier to avoid.

  2. So then for an INDIVIDUAL, what is the benefit of creating an account on the XRP ledger? Why would you do it?

    If you could get some XRP from lets say a customer on Bitfinex, what would you do with that XRP on the ledger that you cannot do if you have an account with XRP on Bitfinex?

    Kind of in sum, why create an XRP Ledger account when you can trade/hold XRP on exchanges?

  3. So I have read about paths and understand what they mean. But, I am trying to understand if you can see the movement through the paths in the actual transaction. It seems like you cannot. For example, in the following transaction:


    The following addresses appear in the path section, but not in the orderbook changes section or outcome section. 





    But they have type\":48 which implies an orderbook. How do we know what is being exchanged in the paths section if the data does not appear in the transaction?


  4. Hi, I was wondering for all who use the Data.Ripple.com API, why I cannot access ESCROW CREATE and ESCROW EXECUTE transactions.

    For example, if I use the following URL it does not load anything, or gives me an error: https://data.ripple.com/v2/transactions?type=EscrowCreate&limit=100

    You can see the following URLs as reference:





  5. 58 minutes ago, Chris_Reeves said:

    The only way to impact the price is to actually buy through all of the sell walls that exist. Buying and cancelling wouldn't do anything other than potentially fake volume.

    Right @Chris_Reeves so if you wanted to create fake volume, creating offers and then canceling them would work. But the fact that you create an offer would not push up the price? (Unless you execute/fulfill the order).

  6. Thanks for the responses. I just want to make one thing clear. Since updates were made to Bithomp if you refer to the first transaction I talked about: 


    Since only three balance changes appear before you show the JSON,(Because of the new update) does that mean those were the only balances that changed? The other exchanges that occurred during this transaction, are those examples where currency was actually transferred from one person to the other? Need to make sure. Thanks.

  7. 11 hours ago, EcneitapLatnem said:

    For example, are you with Forbes?

    No I am not. I am just trying to understand how this works. There have been many posts about the distribution of XRP and people who have done an analysis of these sales. This is exactly why XRP Chat was created. 

  8. I understand how Ripple sells XRP from their accounts. In this case I am referring to the sales that contribute to the numbers that are published in their quarterly reports. I understand that they sell to banks and institutions as well as programmatically to exchanges and through OTC trades. I also understand that you can at least see the XRP side of the sale on the Ripple ledger. But I have a few remaining questions to clear things up. 

    1) I want to make sure that there is no way to see the other side of the transaction. Meaning, the currency that the buyer of the distributed XRP pays Ripple Labs/Ripple for the XRP. Does Ripple accept payment for newly distributed XRP in cryptocurrencies?

  9. 3 minutes ago, Tinyaccount said:

    So they supply XRP to the firm and the firms sells on an exchange (Bitstamp?   Not sure) on the open market with a bot.

    So this sale to the third party will appear on the Ripple Ledger I assume?

    3 minutes ago, Tinyaccount said:

    Any sales Ripple make to an exchange itself are OTC sales and presumably bought by the exchange since they think there will be demand that they can meet themselves and thereby profit.

    And in this case you will see the payment on the Ripple Ledger, but as you say above, the other side of the trade, from the exchange to Ripple will be private, correct?


  10. On ‎3‎/‎16‎/‎2019 at 7:14 PM, Tinyaccount said:

    The programmatic sales are on an exchange and again are therefore not visible on ledger.

    Not sure what you mean here. You mean the programmatic sales are executed by an exchange?

  11. 1 hour ago, EasterBunny said:

    For the OTC sales, Ripple probably receives payment via tradional banks. 

    So would you say that the payments that Ripple receives for the sales of XRP is private? Thus, we would not be able to see it on a public blockchain? (They could be paid in a different currency).

  12. 10 minutes ago, bloodhound said:

    Brad gets on an airplane with his empty briefcase and picks up the $ from the buyer.

    I am talking about through a transaction on the Ripple Ledger. Or other blockchains. I want to know if we can see the returning $ or other currency from the exchanges that buy this XRP. Because as I have said, the payments in which this XRP is distributed only have the XRP. I am wondering if we can see the returning $ from the exchange to a Ripple Address. There is no way Ripple just sends 10 million XRP or whatever amount to an exchange and receive nothing in return.

    Great contribution to convo though!

  13. 19 minutes ago, jbjnr said:

    The payments from ripple wallets examined in this thread were mostly sent to exchanges where they are sold for $$$. The funds are sometimes sent back in the form of USD.bitstamp on the ledger, but mostly we lose track of them as they will go via the traditional banking system back to someone's account.

    Please note that some updated figures were included in a later thread - and there might be a another, but I don't fully remember. I will of course do a prediction of Q1 2019 soon.


    I understand, but when Ripple says that they sold $XXX.XX million worth of XRP (In their quarter reports), how are they getting these $? From the payments associated with the addresses you posted, it seems like Ripple is just giving XRP away for nothing. How does Ripple receive $? (Or other currency in exchange for XRP). Let me know if this makes sense. And thanks.

  14. Hello, and thank you for the post @jbjnr, very insightful.

    Quick question. When I look at some of the distributions by these addresses you specify, I only see a one sided payment. I understand that the opposite side of the transaction, (the one who is receiving the XRP) would have to pay in some currency. But the issue is they do not. It is just a payment and not an exchange. 

    Is this correct? Or does the receiving address pay the cost of the XRP to another address? If so, could you provide an example?

  15. So I am wondering who receives the XRP that Ripple newly issues? (I am not talking about generic XRP, I am talking about where does the newly issued XRP go?, i.e who buys it?) These new issues can be found on their website: https://ripple.com/insights/q4-2018-xrp-markets-report/

    I am essentially referring to the new distributions of XRP by Ripple. 

    In addition, I am wondering if you can find these transactions in an XRP explorer like Bithomp. If not, where can you find this information or transactions?


    Also, what does it mean when Ripple says "sold $XX.XX million worth of XRP programmatically"?

  16. I apologize, but one more question. Sorry, there is essentially no documentation helping to interpret the transactions. I know there is documentation concerning the interpretation of fields. 

    For this TX: https://bithomp.com/explorer/49522DFAD0A35174663285BD6149437C3D4F2B6F1456E33C26129332915981D7

    There are no balance changes, but there is an orderbook change. Was there anything transacted? It seems like there was according to the orderbook change, but nothing was delivered and there are no balance changes. Thanks!

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