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Professor Hantzen

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Professor Hantzen last won the day on February 22 2017

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About Professor Hantzen

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  1. Professor Hantzen

    Is Miguel Vias still working for Ripple?

    His most recent Ripple-related tweet was on June 18th, not long ago, and there are many immediately before that. If archive.org doesn't show him on the leadership page since May 9th, it means he hasn't been on that page for months (if he ever was?), yet has still been completely active in his role as Director of XRP Markets whilst not on that page. So I wouldn't be alarmed... yet.
  2. Probably just some new bot started up. Transactions are so cheap that the actions of a single player can radically alter XRP Ledger statistics.
  3. Professor Hantzen

    What Is Going On With Ripple and Coinbase?

    A moonbase, to some.
  4. No problem. The reason its done this way is presumably for speed within rippled when processing account information. In C++ - the langage rippled is primarily written in, and what is generally regarded as a language used for projects requiring fast run-time - this is a very typical construct to store this kind of information. If you come across code that reduces things to bits, and requires bitwise operators, it is almost always done this way as a speed optimisation. (By taking something a human readily understands and storing it in a manner a computer readily "understands".)
  5. These are bit flags. They look weird as decimal values, but as binary values they make a lot more sense, eg, a few are "on", and the rest are "off". So 194 might appear to contain little immediately useful information, but its binary equivalent %11000010 shows which three flags would be considered to be switched on. So, in JS you need to do this kind of thing: var containsFlag = function(number, flag) { return (number & flag) === flag; }; containsFlag(129, 128); // true containsFlag(81, 128); // false (Source: This Stack Overflow question.) The difference in the case of Ripple Account flags is they are all presently higher order bits, but the principle is the same, you just need to shift the bits to the right (note that if they enabled more flags in the lower order this would change and you'd have to adjust your code accordingly). Thus, if you saw an account with the flags set as 17891328, you'd just need to: (17891328 >>> 16).toString(2) // '100010001' To reveal the flags. In this case, lsfDepositAuth, lsfDisableMaster and lsfPasswordSpent, as per this list. (If you order the available flags in such a list by their descendent decimal value, they will correspond to the bits resulting from the above piece of code when read from left to right.)
  6. Well, it's relative. XRP has existed for 5 years. For the past 6 months, its been significantly higher than it's been in the 4.5 years prior. So, for greater than 90% of the time XRP has been around, if you bought it, you'd have good reason to be happy at all points so far this year - whether it's at $3.35 or $0.45. Nobody knows the future, but XRP and Ripple's fundamentals are looking way better than they have during the previous 5 years, and it made most of its magnificent performance so far without them, and with a much higher risk factor for investors. Looks pretty good to me.
  7. Professor Hantzen

    XRP EXPOSED

    Thank you for your awesome investigative work here. It's important these issues see the light of day so people aren't mislead about the realities of what XRP is.
  8. By that measure, everything on eBay would also be considered a security.
  9. Professor Hantzen

    XRP Community Blog

    Excellent work! Great-looking easy to navigate condensation of quality content. One thing - there was a post entitled "XRP Insights: Is XRP destined to become successful?". Because of the use of the word "Insights", this can be easily misinterpreted as an official Ripple article (indeed that was my first impression).
  10. Professor Hantzen

    Why isn't Ripple a Market Maker?

    So would I! To me, he's the nexus of many of the recent years developments with XRP. When Ripple created the "Director of XRP Markets" position and hired Miguel, I was excited as it seemed to be exactly what was needed. Everything he's accomplished since has been great - the listing on many exchanges, the establishment of the Quarterly Report and the turnaround in openness about XRP sales this represents, the (failed, but still earnest) XRP exchange promotions, the institutions now buying in, and more - it just feels like XRP is more liquid and flowing in many directions. It seemed like his hire, given his background, symbolised some kind of a legitimisation of the concept of digital assets. Obviously people talk to each other in finance about who hires who and why, and the fact he's so passionate about XRP & Ripple in many of the same ways we are is great in that regard also. I don't think its a total coincidence that not long after he was hired the stagnant-for-years price of XRP suddenly bolted up. To me it represented a positive sea-change - maybe those with deep pockets saw it as such also.
  11. Professor Hantzen

    Why isn't Ripple a Market Maker?

    I'm not an expert on this ruling, but that article seems to want to make its own point and only focuses on one aspect of the case. As I understood it at the time, the fine was not the big deal - the major outcome from the case was that Ripple was ruled against offering consumers wallet software directly, so they had to wind-down Ripple Trade which was the official "XRP Wallet" they had put a lot of resources into. I guess they were also tasked with setting up an MSB and filing appropriate returns, which is what I presume XRP II, LLC is. Certainly, that is the entity through which legitimate and legally-compliant sales are now conducted, whether on or off exchange.
  12. Professor Hantzen

    Why isn't Ripple a Market Maker?

    They do sell directly, on well-known exchanges. The amount they sell on-exchange is published in the XRP Markets Quarterly Report. For example, in the most recent report (referring to XRP II, LLC) : "Additionally, the company sold $151.1 million worth of XRP programmatically, as a small percentage of overall exchange volume. These sales represented 0.095 percent (9.5 basis points) of the $160.0 billion traded globally in XRP in Q1." Elsewhere, David Schwartz has stated that these programmatic sales are both buys and sells that result in a net sale, which - despite what I said earlier - could indicate they are engaging in MMing themselves directly. But, it could also indicate arbitrage (which is effectively the opposite of MMing), or it could be just about anything else. So assuming its market-making given the limited information I've seen is a bit of a crapshoot. It's also reasonable to assume they don't want to specify exactly what they're doing, as in general, specifying ones automated trading strategy is a bad idea as others can use any knowledge to gamify against your strategy. Personally, I don't believe they are actively engaged in MMing, but this is based mainly on personal experience. I guess it is possible they could have made new hires and started something up, but I think its more likely they have just built something much simpler based on volume & volatility metrics that is intended to sell large quantities with minimal market disruption. Esseentially, as soon as you try to beat the market and squeeze certain profit out of it, its a race to the bottom and a pain in the ass. I just don't think its their style or interest, based on my knowledge of them - but I could be wrong, or it could have changed over time. Indeed! And it's a great strategy, as it's much, much easier for someone to take a punt on it if they don't have to front all the capital (and if they mess up, can just pull the plug at whatever % loss they are comfortable with). And whether they win or lose, XRP enjoys tighter spreads and greater liquidity for the duration any of them operate, making it a no-lose proposition for Ripple. Personally, I think they could go further to really ramp things up, and just take a hit on the loans - eg, take a reasonable negative interest on them but with a guarantee on volume, and if someone slowly bleeds it all away, well they basically just bought the liquidity for the duration and at a calculable, predictable level.
  13. Professor Hantzen

    Why isn't Ripple a Market Maker?

    As others have remarked, it's better in terms of PR and if not also regulation that others take up the effort. Market-making also isn't easy, and is not without considerable risk - most I know who've tried it have failed over a long enough term. Ripple would have to jump through quite a few hoops to get it up and running, and expend resources to keep it up and running and profitable (if they can...). Others may be better positioned in this regard but lack the XRP resources to do it on a larger scale, and to that end Ripple is certainly welcoming and will assist anyone wishing to do it. Eg, if they approach Ripple with a convincing model, AFAIK Ripple will consider loaning XRP for the purpose of kickstarting a new MM effort. Also, bear in mind that many who've consistently succeeded in traditional markets (institutions and the like), are also usually cheating and pulling every unethical advantage they can, usually on micro-second timeframes. This is obviously much harder to do on a public ledger with a 3.5 second ledger close.
  14. Professor Hantzen

    Someone paid over 50k XRP for a transaction fee

    The fee-burning account traces back to the CEX.IO exchange in a fairly straightforward manner. (CEX.IO is a reputable crypto exchange based in London.) This CEX.IO-owned address: rE1sdh25BJQ3qFwngiTBwaq3zPGGYcrjp1 has activated many accounts (presumably wallets of their users?). One such account was: r4evBV3i3hN2Yxckn1s9JDyG2wUeDhsjnV, activated with 5999 XRP on 29th Janaury 2018. A couple of hours later, that account activated the only account it ever has: rJPuo62fHrYZBZ3ffZXgTBGMXjmavjGcAk, with 5979 XRP. From the end of January, through to a couple of weeks ago, this account activated 68 accounts, the most recent of which was: rHQ6kEtVUPk6mK9XKnjRoudenoHzJ8ZL9p, the fee-burning account. Some of the other 68 accounts that were activated by rJPuo6... have been activated with very large amounts of XRP, strongly suggesting at least some of these child accounts are "owned" or have a strong connection to that parent chain that leads directly to CEX.IO. Maybe contact CEX.IO, explain the situation, and see if they are able to contact the owner of that first account they activated?
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