Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
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From the comments section of another youtube video I was watching:
"Escrow is not controlled by ripple, it is programmed thru smart contract, so a billion must be released. This billion is released into a ripple wallet and not circulating amount. Ripple uses 300 million to make strategic investments or more and re-escrow the rest. The amount they use finds its way into circulation when whomever they pay with it moves it to an exchange. The re-escrowed amount goes into a new programed escrow different from the one it came out from. This explains why circulating amount slowly goes up and yes, it helps keep prices controlled. Ripple before the clarity act must change this cycle and have the releases of xrp controlled by a dao or else, the entire 100bil (now 99.97 bil) would not pass the decentralization test that is necessary for xrp to be deemed a commodity. This makes me think ripple benefits from the delay in regulations."
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Talking as if XRP is the only digital asset around.
Its to be the primary one used i believe globally for retail transactions
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