"The revolution will be televised" - thoughts?

[meegwell 130]

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).

 

 

[Yodaxrp 997]

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!?

[zenkert 13,584]

Not televised according to Gil Scott Heron

 

Edited March 1 by zenkert

[Stormchaser417 108]

I think it’s very simply a playful nod to JungleInc’s YouTube channel. I wouldn’t read too much into it. 

[Ctrl-Z 149]

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. 

[Archbob 287]

what do you mean anyone can release the escrow? Isn't it only Ripple that has access to it?

[spiras 563]

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.

[Archbob 287]

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.

[spiras 563]

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 by spiras

[KickingHorse 70]

Could've been anybody.... even Jungle himself,  perhaps??

[retryW 2,606]

Memo notes never mean anything. Just someone having fun.

I always mean to get in there but keep forgetting on the date.

[PhiGuy 717]

Not sure about the revolution being televised, but am pretty sure the revaluation will be-