meegwell 215 Posted March 1, 2019 Share Posted March 1, 2019 Any thoughts on this memo from the latest escrow movement? An apparent reference to Gil Scott-Heron’s "The revolution will not be televised". On the surface I guess you could just say this is going to be big (and from a media coverage standpoint the opposite of what Scott-Heron says about the uprising). eureka 1 Link to post Share on other sites
Yodaxrp 1,286 Posted March 1, 2019 Share Posted March 1, 2019 8 minutes ago, meegwell said: Any thoughts on this memo from the latest escrow movement? An apparent reference to Gil Scott-Heron’s "The revolution will not be televised". On the surface I guess you could just say this is going to be big (and from a media coverage standpoint the opposite of what Scott-Heron says about the uprising). A fan of JungleInc in youtube!? VanGogh 1 Link to post Share on other sites
zenkert 14,054 Posted March 1, 2019 Share Posted March 1, 2019 (edited) Not televised according to Gil Scott Heron Edited March 1, 2019 by zenkert Truckdriver 1 Link to post Share on other sites
Stormchaser417 113 Posted March 1, 2019 Share Posted March 1, 2019 I think it’s very simply a playful nod to JungleInc’s YouTube channel. I wouldn’t read too much into it. anteksiler, Kpuff, Sharkey and 1 other 4 Link to post Share on other sites
Ctrl-Z 155 Posted March 1, 2019 Share Posted March 1, 2019 57 minutes ago, Yodaxrp said: A fan of JungleInc in youtube!? Probably just a fan of jungle Inc . People are thinking that ripple made that memo. It could have been anyone. Anyone can release the escrow and add a memo. It's probably not a secret message. SimpleLife 1 Link to post Share on other sites
Archbob 952 Posted March 1, 2019 Share Posted March 1, 2019 what do you mean anyone can release the escrow? Isn't it only Ripple that has access to it? Link to post Share on other sites
spiras 654 Posted March 1, 2019 Share Posted March 1, 2019 3 hours ago, meegwell said: Any thoughts on this memo from the latest escrow movement? An apparent reference to Gil Scott-Heron’s "The revolution will not be televised". On the surface I guess you could just say this is going to be big (and from a media coverage standpoint the opposite of what Scott-Heron says about the uprising). Youtuber Jungle Inc asked for someone to release the escrow and put in that message, which is his customary sign off message in all his videos.. Someone did. Anyone can release the escrow and put whatever message they want. no connection to Ripple. Link to post Share on other sites
Archbob 952 Posted March 1, 2019 Share Posted March 1, 2019 6 minutes ago, spiras said: Youtuber Jungle Inc asked for someone to release the escrow and put in that message, which is his customary sign off message in all his videos.. Someone did. Anyone can release the escrow and put whatever message they want. no connection to Ripple. I'm still a little confused. How can you "release" the escrow without actually having access to the funds. Link to post Share on other sites
Popular Post spiras 654 Posted March 1, 2019 Popular Post Share Posted March 1, 2019 (edited) 37 minutes ago, Archbob said: I'm still a little confused. How can you "release" the escrow without actually having access to the funds. One of interesting feature of the XRP EscrowFinish operation, is that these time-release transactions don’t complete automatically. The funds can be released at any point after the time specified in the EscrowCreate section of the coding, but there has to be another transaction in order for the held funds to actually move. If nobody completes the transaction, the funds stay where they are. What’s more, this EscrowFinish code can be implemented by anyone with the technical knowhow, and who is willing to pay the drops (XRP’s sub-divided units, a la Bitcoin’s Satoshis) to complete the transfer. These escrow agreements are also publicly visible to anyone who wants to monitor accounts to look for them, and do the deed. A community of keen XRP followers appear to have happened across this fact earlier in the year, and have since been entertaining themselves by finishing Escrow transactions for the company – and leaving their own memo messages behind for all to see, forever recorded on the XRP ledger. After all, it’s not every day that you get to authorise the transfer of a billion XRP (currently worth around $450,000,000) – and in January of 2018, when this all started, a lot more – in exchange for a few drops and some time. So, while these messages they are often misinterpreted as the musings of Ripple employees, they are nothing of the sort. Ripple’s Chief Technical Officer, David Schwartz, even took to the XRP chat forum to illuminate the company’s thinking regarding the feature. “Once the release or cancel condition of an escrow has been met,” he explained, “anyone can release or cancel it.” “While it’s not strictly required that anyone be able to do, it is important that not just the owner can do it,” he added. He concluded by adding that: “The point of an escrow is to take some control over the funds away from the owner. We designed it so that anyone could do so that a third party could do it if there was, for example, an escrow agent or a monitoring system. We don’t always finish our own escrows right when they release. Of course, who cancels or finishes the escrow has no control over where the funds go, the set up of the escrow controls that.” https://cryptonewsreview.com/have-you-seen-the-messages-being-left-in-ripples-massive-escrow-releases/ Edited March 1, 2019 by spiras Truckdriver, eXtRaPolate, Tako and 11 others 9 5 Link to post Share on other sites
KickingHorse 70 Posted March 2, 2019 Share Posted March 2, 2019 Could've been anybody.... even Jungle himself, perhaps?? Link to post Share on other sites
retryW 3,706 Posted March 2, 2019 Share Posted March 2, 2019 Memo notes never mean anything. Just someone having fun. I always mean to get in there but keep forgetting on the date. Link to post Share on other sites
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