Jump to content
BobWay

Hi! I'm Bob

Recommended Posts

Hey Bob,

Away for the week with my family and staying nearby Harlingen (Netherlands). Listening to some Alice in Chains an just checked in for some news. And you pop up. Thanx for contributing all this info. Nice to have some near-inside knowledge!

So for a question. I have two:

1. What do you think of all the XRP still in escrow? Will Ripple eventually burn some to speed up the process?

2. I haven't read everything, but why did you decide to contribute to this forum?

I'm going to put out the trash (yes, really)

Share this post


Link to post
Share on other sites
7 minutes ago, BobWay said:

I did some work on trade finance with the Singapore monetary authority while I was at Ripple. They are very forward thinking. I think it is public knowledge that Ripple opened an office in Singapore and they team there and it Sydney is awesome.

I can't say exactly what they are working on now because I really don't know.

In general I don't think there is any sensible way to mask anything that is happening on the XRP Ledger (to me it is still the Ripple Ledger, just a personal gripe.) In order to reach consensus, each node had to know about and process every transaction. Even if you aren't participating in the actual consensus proposal process, afterward every Ripple node still validates and applies every transaction. All of the rippled code is published on GitHub and all the ledger data structure as open and well known.

Now let's get to the fun part...

It is possible to spin up and run your own private network of "rippled nodes". You can do this for testing or any other reason. In fact, Ripple also runs a test net that anyone can use. There is/was a fountain to give you free testXRP to use on that network.

So, If you launch a new rippled based network, how do the new nodes know they aren't on the old network? What's to stop the new networks messages from making to the nodes on the existing network?

Well last I checked, nothing at all. It is up to the person laughing the new network operators to configure their own Unique Node Lists. And also to configure each node to use a different set of ports if they want to keep their messages strictly segregated.

So what happens if they don't?

Well it turns out nothing bad usually. Each network has a different UNL intersection and each set of validators has a unique ledger history (blockchain). So if a transaction from one network makes its way to the other, it will usually be recognized invalid and not rebroadcast. But that doesn't mean that it won't get logged.

I mentioned this to David a while back and we confirmed that messages from the test net were making their way to the main net on occasion, but that never caused a problem. David worked out a location in the existing message structure that he could use to configure a "network identifier" without crating a breaking change. I'm not sure if that ever got implement.

----

I really don't know if there is anything in particular going in in Singapore. But if you want to spin up rumors and conspiracy theories using speculation based on what I've written... Well I'd probably get as much of a hoot out of reading it as everyone else. Communities are supposed to be FUN!
 

thanks bob!  check this out in regards to singapore. 

https://xrpcharts.ripple.com/#/markets/XRP/USD:r9Dr5xwkeLegBeXq6ujinjSBLQzQ1zQGjH?interval=3d&range=max&type=candlestick

Share this post


Link to post
Share on other sites
15 minutes ago, screenshot said:

That particular “Ripple Singapore” was an early gateway. I’m pretty sure they are no longer in operation.

I’d have to check the transaction log to see if that was a display glitch or a real TX.

Share this post


Link to post
Share on other sites
3 hours ago, RegalChicken said:

No, it's not a meme but it's quickly becoming one. The discussion of a hidden ledger(s) is running rampant as we question who may be already testing XRP based products at near production scale. Everyone in the community waits for the anticipated flipping of the switch which connects the menial $.31/xrp we see in public to the $50 / XRP that is actively being used in private already.  At which point, Microsofts 12,000 millionaires are dwarfed by XRP's billionaire community. 

We see glimpses of this possibility when we look back on dates like 9/20/2018 when the price doubled in about 10 minutes in a massive surge of volume, then tanked again. this action occurred ceremoniously three or four days in a row at basically the exact same time, almost as if a bank was running live tests at 4pm each day. 

 

What did you do at Ripple?

@BobWay I was hoping you might touch on this comment from earlier. 

Share this post


Link to post
Share on other sites

I was not aware of the belief that $50 inside/secret use XRP was believed. Do think that if Coinbase had picked up XRP in 2018 Jan, we'd have seen $15 highs. Not sure the coinbase thing's so important now, not personally shifting my XRP to that site.

Share this post


Link to post
Share on other sites
Posted (edited)
36 minutes ago, BobWay said:

That particular “Ripple Singapore” was an early gateway. I’m pretty sure they are no longer in operation.

I’d have to check the transaction log to see if that was a display glitch or a real TX.

thanks bob, would love your opinion on it.  looking forward to seeing what you find!

Edited by screenshot

Share this post


Link to post
Share on other sites
51 minutes ago, Trendkill said:

@BobWay I was hoping you might touch on this comment from earlier. 

Not sure which part you mean?

I talked about what I did at Ripple here.

And I mentioned a way to rationalize the hidden ledger rumor here.

I can expand a little about David's comments in the this article. He was really talking about possibilities to shard the XRP ledger transactions via multiple private ledgers. We did a lot of internal research on consensus algorithms, sharing, and interoperating different types of value systems.

I don't think he was commenting directly on the question of a real hidden ledger, except to say, It’s hard to imagine what such a merger would look like. It would have to follow the rules of the public ledger." This is basically the same thing I said above.

Share this post


Link to post
Share on other sites

Thanks for taking the time here Bob, your thoughts are appreciated.

From your experiences what companies or governments do you think Ripple valued the most in terms of obtaining a working relationship with? Along the same lines what do you feel would be the most significant partnership for Ripple in terms of adoption of usage of xrp?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...