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Ripple executives explain situation around XRP blocked in Ripple escrow account

Yesterday, an XRP enthusiast started a Twitter discussion by asking all Ripple executives whether the XRP locked up in Ripple’s account are circulating and, if not, whether it conflicts with the independence of the two entities.

Nik Bougalis, director of engineering, answered that he does not have a strong opinion on the matter, but he leans toward including XRP escrows in the overall token offering. Tiffany Hayden, the self-titled CEO of XRP, said that XRPs from escrow accounts can be sold, and anyone can lock their tokens in a similar way.

Former Ripple developer Matt Hamilton replied that blocked XRPs are similar to Bitcoin sent via Lightning: if you exclude all BTC blocked in Lightning transactions, the BTC supply will tend to go to zero.

Ripple CTO David Schwartz objected, saying that there is still a difference in these transactions because escrowed XRP cannot circulate and BTC on Lightning are able to move in the form of debt. The participants did not come to a final conclusion as the topic is quite subjective.

Source: U.Today

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