BriteBlue Posted November 3, 2017 Share Posted November 3, 2017 Maybe the reason for the price rising. Thoughts?https://www.cryptoninjas.net/2017/11/03/reservoir-app-sbc-allow-secured-escrow-ripple-xrp-holdings/ Link to comment Share on other sites More sharing options...
Sancho Posted November 3, 2017 Share Posted November 3, 2017 Nah, don't think so Link to comment Share on other sites More sharing options...
galgitron Posted November 3, 2017 Share Posted November 3, 2017 What concerns me about this concept, particularly parlayed in the context of 'removed from circulation', is that conceivably a majority of 'idle' coins could be placed in escrow. For example, perhaps an exchange will keep 80% of it's user's XRP in very short-term escrow (24 hours?), diluting the effectiveness of their being classified as 'out of circulation' since really, they're not, in the availability sense. In other words, scarcity isn't really being achieved with short-term escrow, but the broad category of 'out-of-circulation' could falsely indicate more scarcity than is realistic for determining value. Yes, I'm being pedantic. Yes, I'll find a way to program my bot to work with this. Link to comment Share on other sites More sharing options...
.thumb.jpg.7dc8f88dadf492ca050a81fc9cb7006e.jpg)
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now