Escrowed xrp

[MattHowell]

Is it possible to sell a ledger device with escrowed xrp and offer the buyer security of sale? 

[JASCoder]

15 hours ago, MattHowell said:

Is it possible to sell a ledger device with escrowed xrp and offer the buyer security of sale? 

It sounds like you don't fully understand the role a Ledger device plays :
It does NOT hold any tokens

It only can hold a COPY of your XRPL account access credentials
( so there could be another copy on another device with equal access to said account holding the tokens )

[MattHowell]

On 10/22/2022 at 1:30 AM, JASCoder said:

It sounds like you don't fully understand the role a Ledger device plays :
It does NOT hold any tokens

It only can hold a COPY of your XRPL account access credentials
( so there could be another copy on another device with equal access to said account holding the tokens )

I understand hence the ‘and offer the buyer security of sale’

[BillyOckham]

6 minutes ago, MattHowell said:

I understand hence the ‘and offer the buyer security of sale’

With no disrespect intended,  the fact that you want to sell the device itself seems to indicate that you actually haven’t fully grasped the way this all works.

Since there is absolutely no way to prove that you haven’t written down the key (and therefore can access the XRP later without the ledger in your possession) what you’ve asked doesn’t seem doable or sensible and people shouldn’t trust that type of method.

Also the escrow of the XRP doesn’t seem to be of use in what you are doing….   escrowing the XRP just makes them unavailable to anyone until the ending condition.  At which point anyone holding the keys to the target account can have them.

Only a transfer to a new account or a post sale change to a regular key with master subsequently disabled would secure the transfer.  But there are lots of traps potentially in there too.  

Sorry to say,  but selling the ledger is a terrible method to transfer XRP.  The escrow is not useful in that situation either.  It’s a cross-cutting concern in a sale.  Just transfer the XRP.

 

[MattHowell]

Ok so the answer is no, I thought as much. I had fully grasped but am aware there’s a lot we all don’t know so simply asked the question, keep your answers short next time, your answer is ‘to your knowledge it’s not possible’ but thanks for replying 

[BillyOckham]

3 minutes ago, MattHowell said:

keep your answers short next time,

Thanks for the advice.

But if a person clearly doesn’t understand what they are asking about then a short answer is a disservice. 
 

[WarChest]

8 hours ago, MattHowell said:

Ok so the answer is no, I thought as much. I had fully grasped but am aware there’s a lot we all don’t know so simply asked the question, keep your answers short next time, your answer is ‘to your knowledge it’s not possible’ but thanks for replying 

You will get more help on this message board if you keep a friendly tone.