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Ah, I was itching for a Q3 report.

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GreedyAgorist   Sunday, 10/20/19 04:44:12 PM
Re: abracky post# 8748
Post # of 11519 
Ah, I was itching for a Q3 report. Thanks for the scratch.

After the Q1 report, where 2.3 billion of the 3 billion XRP released went back into escrow, I figured at that pace, it would take over 15 years, and closer to 20 for the original 55 XRP escrow accounts to be completely exhausted. (Indeed, it has taken nearly 2 years for 55 billion escrowed XRP to be reduced, as of last week, to 50 billion.) So we are looking at an increase to the overall XRP supply of less than half a percent per month or 5.4 % a year, with that percentage of “dilution” going down every time as Ripple would be adding to an ever growing circulating supply (with demand keeping pace and then some, a long-term XRP holder would hope).

Then in Q2, the pace accelerated, with 30% of the 3 billion quarterly XRP escrow release remaining out of escrow. At that pace, it would take less than 15 years to get through the XRP locked up in escrow. But wait! What if the pace accelerated every quarter, with more XRP released in Q3, and even more in Q4, surpassing the 1 billion per quarter mark? It would be mathematically possible, if unlikely, for us to be scraping the bottom of the escrow barrel in 7 years.

Now, with this Q3 report, we are back down to 23.3%, meaning these 55 escrow accounts may yet last over 17 and a half years. That is plenty of time for Ripple to build the ecosystem. I hope they do not get bored with their steady progress.

My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.
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