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Spam? suspect BTC payments on XRPL


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I don't think this is spam at all. If you look at the transactions, you see many transactions that pay well over the minimum transaction fee. Here's one that burned 0.01 XRP. This means that the sende

Perhaps someone is testing the capabilities of the XRPL now Lightning network appears to suck. Suspicious in a bad way or something we should applaude?

7213/589 = 12.24  Obviously this means XRP will be $589 on Christmas Eve.

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9 hours ago, yxxyun said:

that is good as they speed up the destruction of XRP.

While technically correct it is not significantly correct.  The amounts burnt are lost in the noise...  people forgetting keys is probably bigger than transactions burning fees at this stage of the game.

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2 minutes ago, lll_lll said:

It’s not if it is just BTC IOU. Doesn’t need to backed by anything.

But isn't Lightning Network also a sort of IOU layer on top of the blockchain as transfers (or the credit/debit outcome of transfers) are only settled once in a while on the btc network?

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35 minutes ago, Caracappa said:

But isn't Lightning Network also a sort of IOU layer on top of the blockchain as transfers (or the credit/debit outcome of transfers) are only settled once in a while on the btc network?

but in lighting network, actual BTC is locked in a contract. BTC IOU on XRPL didn't. 

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Ok, looks like the pattern is:

Each time rpJZ5WyotdphojwMLxCr2prhULvG3Voe3X activate 2 new account A,B.

A create BTC trustline to rpJZ5WyotdphojwMLxCr2prhULvG3Voe3X

B create BTC trustline to A

rpJZ5WyotdphojwMLxCr2prhULvG3Voe3X send BTC to A

A send BTC to B

then every 2~3 minutes, B send BTC to A and A send back to B.

repeat above to activate 2 more accounts

now rpJZ5WyotdphojwMLxCr2prhULvG3Voe3X has activated over 1100 accounts.

 

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2 hours ago, yxxyun said:

Ok, looks like the pattern is:

Each time rpJZ5WyotdphojwMLxCr2prhULvG3Voe3X activate 2 new account A,B.

A create BTC trustline to rpJZ5WyotdphojwMLxCr2prhULvG3Voe3X

B create BTC trustline to A

rpJZ5WyotdphojwMLxCr2prhULvG3Voe3X send BTC to A

A send BTC to B

then every 2~3 minutes, B send BTC to A and A send back to B.

repeat above to activate 2 more accounts

now rpJZ5WyotdphojwMLxCr2prhULvG3Voe3X has activated over 1100 accounts.

 

Thank you for your work. The question is why all these stuff? But it's hard to find simply by external analysis I guess. Anyway, I don't know if you know this site (dex monitoring) => https://dex.xrplapps.com/

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