It would appear that the XRP community is having fun posting messages in Ripple's monthly versions of escrow.
Yesterday, one billion XRPs were moved to Ripple's coffers from its huge deposit to guarantee the crypt. This is not unusual, it happens every month or so, since Ripple's time limits settle on releasing the next part of the huge amount of XRP it holds.
Some of them are spent by the company, some are sold, some are returned to the Escrow pool to be released later. It is part of what makes society and its services turn, and also part of what makes the relationship between society and cryptography so controversial.
However, you can see the transaction registered here from the Twitter account @XRPL_monitor.
Transaction type: EscrowFinish
Amount: 1,000,000,000 XRP
– XRPL Monitor (@XRPL_Monitor) 1 November 2018
Pretty impressive, right? It's a lot of money around. However, when one examines the transaction more closely, another feature of the XRP register system comes to light.
One of the interesting features of the XRP EscrowFinish operation is that these timed transactions are not completed automatically. Funds may be released at any time after the time specified in the EscrowCreate section of the encoding, but there must be another transaction in order for the funds held to actually be transferred. If nobody completes the transaction, the funds remain where they are.
In addition, this EscrowFinish code can be implemented by anyone with technical know-how and who is willing to pay for drops (units divided into XRP, a la Bitcoin & # 39; s Satoshis) to complete the transfer. These escrow agreements are also publicly visible to anyone who wants to monitor accounts to search for them and make the deed.
A community of passionate followers of XRP seems to have stumbled upon this fact at the start of the year, and since then has been entertained by finishing the transactions with the Escrow for the company – and leaving its own memos behind all to see, register forever on the XRP register. After all, it does not happen every day to authorize the transfer of a billion XRP (currently worth about $ 450,000,000) – and in January 2018, when it all started, a lot more – in exchange for a few drops and a bit of time.
Thus, while these messages are often misinterpreted as Ripple employees' reflections, they are nothing of the sort.
Ripple's Chief Technical Officer, David Schwartz, even participated in the XRP chat forum to illuminate the company's thinking about the feature.
"Once the condition of release or cancellation of an undertaking has been met," he explained, "anyone can release or cancel it."
"Although it is not strictly required that anyone be able to do so, it is important that not only the owner can do it," he added.
He concluded by adding that:
"The point of a commitment is to take control of the funds away from the owner.We designed so that anyone could make a third party do so if there were, for example, an escrow agent or a system We do not always end our own commitments when they issue.Obviously, whoever cancels or terminates the commitment has no control over where the funds go, the escrow setting controls that. "
The first person from the forum to leave a message about the Ripple EscrowFinish transactions was a user with the name EasterBunny, who made a mistake in the hexadecimal code used to create the message. So they read "ÄÔeDeš-XRPChat", instead of the expected "LMFTFY-XRPChat" (LMFTFY means "Let me finish what for you", anyway).
The Bithomp XRP monitoring site intensified later in the year to send a message to Ripple in the June release of Escrow, adding the message "with love from Bithomp". Therefore, we assume that you have used your own simplified hexadecimal message tool, which you can find here.
September's release of Escrow brought a link to a GIF hosted on the Imgur hosting site (do not worry, it's SFW).
The October message took a turn for the pseudo-serious, with a message from JFK:
"We chose to go to the moon! We chose to go to the moon in this decade and do other things, not because they are easy, but because they are difficult." JFK "
Others have contained texts by Snoop Dogg (May) and job applications (July). August contained a motivational epithet, while September was a meme related to XRP that referred to the end of Laputa (interpreted as a coded reference to the Swift money transfer system).
Today's massive XRP movement included what appeared to be a coded message and a reference to Dr. Seuss
- reminder (hexadecimal decoded)
- plain / text (hexadecimal decoded)
- 6173021523 7081871172 4061518216 0771607142 1580079297 0556330835 5055261762 0709173309 1882776294 0004885419 (hexadecimal decoded)
- PublicServiceAnnouncement (hexadecimal decoded)
- plain / text (hexadecimal decoded)
- Always avoid green eggs and ham (hexadecimal decoded)
The last of these two voices seems to be a reference or a message to the prominent tweeter pro-XRP and Youtuber, Samiam (which, the good doctor's fans will know is the fan of Green Eggs and Ham in the eponymous poem ) – as noted by this post on Twitter.
#Ripple #XRP the escrow transaction has a note pasted to it – but watch and ask how this is connected to Sam-I-am @Ripple_Me_This #XRPcommunity @BankXRP @ LeeR912 @CKJCryptonews @AlexCobb_ @digitalassetbuy @ ipinky77 @ LoveForCrypto17 @RippleXrpie pic.twitter.com/hcxdSXJa6W
– Futureboi (@ Futureboi10) 1 November 2018
What will be next, we ask?