Jump to content

Recommended Posts

This is interesting and needs to be watched. 

If we were to have buy orders set at a low price, say 11 to 15 cents, would these have been filled? It might be worth trying for two reasons. Obviously for the cheap xrp, but also to thwart the nefarious behavior if enough of the community is aware of this.

Share this post


Link to post
Share on other sites
10 minutes ago, XRPitty said:

If we were to have buy orders set at a low price, say 11 to 15 cents, would these have been filled?

Yes.

Share this post


Link to post
Share on other sites
18 minutes ago, Lumpy said:

Although never confirmed by Jed McCaleb, the "tacostand" XRP wallet (rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv) is well-known to belong to him.

1518095083_Capturedecran2020-02-22a16_53_23.png.a05f86b4b811f97920c9d90d4be38858.png

 

 

 

 

 

 

To be continued...

Oh f***. Not again... Jedapocalypse round #2. Unfortunately we can do nothing but watch Jed crushing the rest of XRP bagholders. Anyway since Ripple behaviour in not much better, new Jedapocalypse will be the last but not the main nail in the coffin with our dreams.

Share this post


Link to post
Share on other sites
30 minutes ago, Lumpy said:

Yes.

I will give it a try and see what happens.

Seems kind of brazen if they keep doing this though.

Share this post


Link to post
Share on other sites
Guest

This is most interesting and I’m delighted @Lumpy that you are looking in such detail at all this.  
 

To be honest I would be surprised if this attack is viable for very long...   it’s fairly simple to mitigate against. So that’s the point you made...  they prepared and sprung the trap nicely.  To mitigate Jed’s bot merely needs to be aware of the current world price and decline to trade if the deviation is too high.  

I don’t think he is “Required” to trade every day...  if he is though,  then that might leave him vulnerable to repeated instances of this attack.  I await with interest further instalments in your evolving story.  Really well done to have spotted and explained this... thank you very much for the generous sharing of your knowledge.

Share this post


Link to post
Share on other sites
Guest
3 minutes ago, karstnDE said:

Great to know Jed acts as market maker for ODL!

;)

Forgive me if you were joking and know this already...    I don’t believe that is correct.   ODL is traded on exchanges whereas this trading is on the ledger...  a distributed exchange on ledger ( DEX ).

Share this post


Link to post
Share on other sites
2 hours ago, Tinyaccount said:

Forgive me if you were joking and know this already...   

I was indeed joking and no worries. Just thought someone mentioned above that he sells his XRP on bitstamp so I couldn’t resist. Can be ignored

Edited by karstnDE

Share this post


Link to post
Share on other sites

XRP DEX is so low in liquidity and volumes that it can be manipulated this badly.

I wonder why they use it to sell the XRP of the deal instead of selling them on Bitstamp directly. Was that part of the deal?

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...