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galgitron

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galgitron last won the day on November 19 2017

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About galgitron

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  1. galgitron

    Been a pleasure guys, I'm out

    Despite my best attempts at quality contributions, and sincere best intentions for XRPChat, I've been censored by myopic moderators for the last time. Whatever systemic criteria there is for filtering content that allows rampant nonsensical trolling yet precludes language most adults are comfortable with, I refuse to comply with it; something about 'freedom of speech' resonates with me. Plus, I already have a mother. Peace out.
  2. galgitron

    Christmas Surprise?

    Right about what?? He hasn't said anything that can be considered a prediction! We have no news about an Indian bank, and he merely repeats the fact that something big is going to happen end of December, which we already know about!
  3. galgitron

    Christmas Surprise?

    Look up the term 'psychotic'
  4. galgitron

    Christmas Surprise?

    Then you'd be a sleazy scammer like he is. That should make your momma proud, right?
  5. galgitron

    Christmas Surprise?

    "Believe in yourself even if you fail, success is guaranteed"... C'mon, @iLeeT was referring to this gibberish, which is gibberish in any language. Accusations of racism is a bit too harsh and easy
  6. galgitron

    Christmas Surprise?

    His first prediction was the escrow date. Given that the time for escrow to happen was running out, it was fairly simple to guesstimate an appropriate date. In fact, in one of my posts, I predicted the escrow before the middle of December. No brainer, and not impressive. His second prediction about the Indian bank purchase will forever be impossible to verify, and more likely the recent runup was SBI-driven given that they publicly stated they are 'all-in'. His third prediction is so vague and builds upon the existing knowledge of two household names. Yes, we will have a Christmas/new years present, and some 'twit' doesn't need to tell me that This guy is playing a head game trying to get people to follow him so he can drive the market. He only got modestly lucky on a narrow date for the escrow, and from that people are losing their minds that he may be psychic or connected to Ripple. He's not. He's some jerkoff in India named Desai and he knows jack squat like the rest of us
  7. galgitron

    An update on Ripple's XRP escrow

    lol. oh man, you are clever
  8. galgitron

    An update on Ripple's XRP escrow

    Sorry, that was meant for the general audience, not specific to your statement Stop telling me to stop whatever I feel like doing
  9. galgitron

    An update on Ripple's XRP escrow

    @JoelKatz said, "we discovered a defect in the implementation that could cause XRP to be released from escrow prior to the intended release dates. While no funds were at risk, we wanted to correct the defect to ensure the implementation is airtight. ". This doesn't preclude the possibility that the specs don't line up with the logic. I'd wait until further clarification before deciding the nature of this issue. I also find it funny that this completely irrelevant distinction is worth making a point about, yet Ripple's possible reputation fallout is a non-issue, lol. Anyways, I'm really curious what Ripple is going to do next. As a thought experiment, how many of you out there can justify the 'non-issue' stance when transmulgated into my mechanic analogy? Would you go back to the mechanic if he forgot to put 4 lug nuts on your wheel even though he fixed it and no harm came from it? How well does the analogy hold if you are the FI customer and the mechanic is Ripple.
  10. galgitron

    An update on Ripple's XRP escrow

    Completely agree, in my mind, this was not a big deal. I deal with bugs in my software all the time and the fix was luckily easy. My managers however, lose sleep when these bugs crop up (I write trading software), and the wrong bug in the wrong place can cost millions of dollars. To us down here on Earth, the escrow bug was just a misshapen cloud in the sky. To FIs, the escrow bug indicates a fly in the ointment and portends to other potential flies. As inconsequential as one fly may be, the FIs might say, wellllll, maybe we'll just wait a bit to see what happens...
  11. galgitron

    An update on Ripple's XRP escrow

    That really doesn't make sense. Their latest 'gift' if you will, to the market, is the notion of the lockup. The execution failed, and therefore they didn't deliver, but billions of dollars were already infused because of the belief the gift was real. Trust me, it doesn't matter what Ripple did to fix it, it's the failure that FIs may focus on. Before anyone else places me in the alarmist camp, the scope of my rants are limited to just this thread, as such, I'm not a force that could bring down the house of cards if you will. Don't be afraid to consider and discuss the potential fallout in intelligent discourse. I know everyone wants to dampen the fire, but we're on the porch, and the kitchen is where the flames are so it doesn't really matter what anyone says here. Sweeping it under the rug as a non-issue simply because the fix was simple is just plain ignorant.
  12. galgitron

    An update on Ripple's XRP escrow

    Being always under Ripple control is precisely the issue, they're 'not' supposed to be under their control. If you go back to your mechanic a week after you get your wheels replaced because you now have some noise, and your mechanic tells you, "whoops, I only put one lug nut on. I fixed it good now"... Would that be a big deal? Would you ever go back to that mechanic again? That's how FI's view Ripple, people, their mechanic. I doesn't matter that the fix was as simple as putting the other lug nuts back on.
  13. galgitron

    An update on Ripple's XRP escrow

    I'm not proposing to not show gratitude, but in the context of this thread, the 'vehement' gratitude amounts to rug sweeping I would be quite happy if they placed a very candid article on their website explaining what happened, how they rectified the issue, with at least some acknowledgement that they understand the implications of not actually having effectively escrowed the funds. Those implications are that they don't know their own software, and that institutional money was absolutely dependent upon the lockup being successful. Don't like how that sounds? Well, ask yourself if you'd rather read it on Ripple.com or Reuters, because it's coming out like that one way or another.
  14. galgitron

    An update on Ripple's XRP escrow

    The move from the defunct escrow to the new escrow in the publicly-visible ledger would've been exposed eventually, meaning that Ripple's 'disclosure' of this event is not necessarily an act of 'integrity' since they really have no choice but to come clean (though I am certain they have integrity), but more a choice between being the first to point out what happened, or waiting till someone else points it out, which would be very very bad. I know the religious zealots here are going to punish me for what they see as 'attacking' their precious Ripple gods, but the simple fact remains that your gods made a mistake. This is a fact, I'm not FUDding, I'm actually very motivated to help with the potential fallout but instead everyone here is too busy kissing Ripple's a**es, overlooking the possibility that Reuter's could put an article out like "Ripple's lockup wasn't actually locked for a week". Think how that will go over in the general investing public? (and I do mean outside this temple of venemous XRP fanatics). This error will bring into question both integrity and competency. It may be short-lived, it may not even blip, but from what I've seen in the crypto space, these mistakes are tough to live down. Remember when Ether first split because of a bug? That crushed them for a very long time. And while that's considerably more significant because real money was stolen, the parallel to that event is palpable, and the potential for mischief was equal despite that Ripple didn't capitalize on the opportunity to take the funds back. Disclosing this issue on XRPChat is 'not' a public disclosure, it's a microscopic sliver of exposure with both the intent to measure potential public response, and to check the box that says "yes, we notified the public". This is not what I would call, 'full disclosure'. They need to put something out on their website, and soon, before this leaks into the media without the appropriate massaging. Sure, call me a FUDder if you need to, you'd be wrong though, I'm pretty sure I could absolutely crush you with my XRP holdings but that doesn't make me blind to what the 'outsiders' will see. I'm much more interested in damage control than all of you put together, and I'll tell you right now, kissing Ripple's a** isn't helping at all. Honestly, they have to be getting sick of the fanaticism too. @JoelKatz has to scroll through miles of kisses and hugs just to find something worth commenting on. I've got news for you, he's not the son of Jesus Christ, but he is a smart man, and he can see right through your endless 'hallelujahs' that if he wasn't the center figure in your potential windfall of riches from XRP, then you probably wouldn't know he existed; so pull yourselves together and try to be a bit more objective about this event. It can't be swept under the rug
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