David Schwartz Unchain 2018

[Delectro]

https://coingape.com/david-schwartz-ripple-proactive-regulatory-participation/amp/

From the article,

"According to him originally there were 55 months of escrow and now there are approximately 3 months of escrow left."

Decent read I must say

[PG1]

8 minutes ago, Delectro said:

"According to him originally there were 55 months of escrow and now there are approximately 3 months of escrow left."

3 more months added

[Talinos]

3 month added also doesn’t make sense ... they couldn’t have sold that much . We watched the escrow balance. Really mysterious 

[xrpmeplease]

this reads like a poor transcription of notes, id guess english isn't the writer's 1st language...interesting stuff though, i'm sure it'll pop up again in a different article...

[Guest]

25 minutes ago, Talinos said:

3 month added also doesn’t make sense ... they couldn’t have sold that much . We watched the escrow balance. Really mysterious 

Not mysterious...   Just a misunderstanding.   The escrow put 55 lots of 1billion in escrow with 1 bill out every month for 55 months.  So every month 1 bill becomes available.  Most won't be sold so the remainder goes back in for another 55 months.  It's happened for a number of months now.

[Delectro]

2 hours ago, Tinyaccount said:

Not mysterious...   Just a misunderstanding.   The escrow put 55 lots of 1billion in escrow with 1 bill out every month for 55 months.  So every month 1 bill becomes available.  Most won't be sold so the remainder goes back in for another 55 months.  It's happened for a number of months now.

Exactly right.  Still, 3 months...

Yeah, I got that

[Delectro]

2 hours ago, xrpmeplease said:

this reads like a poor transcription of notes, id guess english isn't the writer's 1st language...interesting stuff though, i'm sure it'll pop up again in a different article...

No doubt

[Delectro]

2 hours ago, Talinos said:

3 month added also doesn’t make sense ... they couldn’t have sold that much . We watched the escrow balance. Really mysterious 

Did you take in consideration that what wasn't obtained was put back into escrow?

3 months ain't jack

[PG1]

On 7/14/2018 at 3:13 PM, Talinos said:

3 month added also doesn’t make sense ... they couldn’t have sold that much . We watched the escrow balance. Really mysterious 

They added 3 more months in the 1st quarter according to their Q1 report.  I haven't looked at what has happened since then but I imagine you may be right and there could be more.

edit:  -- Although I think the Unchain conference was May 31 - June 1.  So it's possible at the time there were only 3 or 4 months added.

 

Edited July 16, 2018 by PG1