Cryptocurrency analyst and lawyer Bill Morgan recently weighed in on Ripple's use of escrow accounts for XRP coin holdings. Morgan breaks down key considerations from the ongoing SEC lawsuit against Ripple, community perceptions, and Ripple's strategic narrative around escrow.

加密貨幣分析師兼律師 Bill Morgan 最近對 Ripple 使用託管帳戶持有 XRP 硬幣的情況進行了權衡。摩根詳細分析了美國證券交易委員會正在進行的針對 Ripple 的訴訟、社區看法以及 Ripple 關於託管的戰略敘述的關鍵考慮因素。

The SEC argues that Ripple's escrow deploys different techniques aiming to stabilize or dictate XRP's price. Specifically, the escrow reserve periodically releases fixed amounts of XRP on a monthly schedule. This structured discharge aims to avoid sudden flooding, which could cause volatility.

美國證券交易委員會認為，Ripple 的託管採用了不同的技術，旨在穩定或決定 XRP 的價格。具體來說，託管儲備按月定期釋放固定數量的 XRP。這種結構化排放的目的是避免突然發生洪水，從而導致波動。

However, the SEC asserts this managed approach sustains XRP's value by administering available supply levels in the market moment-to-moment.

然而，美國證券交易委員會聲稱，這種管理方法透過管理市場上即時的可用供應水準來維持 XRP 的價值。

Alternatively, some XRP supporters believe escrow actually constrains price appreciation. Their logic is that regular escrow distributions enlarge overall circulating XRP, exerting downward pressure through dilution. This view hinges on extra coin additions weakening individual value and hindering gains.

另外，一些 XRP 支持者認為託管實際上限制了價格升值。他們的邏輯是，定期託管分配擴大了 XRP 的整體流通量，透過稀釋施加下行壓力。這種觀點取決於額外的硬幣增加會削弱個人價值並阻礙利益。

Morgan challenges the suppressing notion, deeming this mindset misguided. While not explaining further, his stance implies escrow has more favorable goals aligned with Ripple's narrative, not impediment. He trusts it demonstrates prudent management rather than hindrance.

摩根對這種壓抑的觀念提出了挑戰，認為這種心態是錯的。雖然沒有進一步解釋，但他的立場暗示託管有與 Ripple 的敘述一致的更有利的目標，而不是障礙。他相信這體現了審慎的管理而不是阻礙。

Ripple consistently frames escrow as conscientious stewardship over its XRP, aiming for predictable rather than uncontrolled distributions ensuring stability and reassuring holders/markets.

Ripple 一貫將託管視為對其 XRP 的認真管理，旨在實現可預測而非不受控制的分配，確保穩定性並讓持有者/市場放心。

Additionally, Morgan notes the steadily dwindling escrow balance lessening Ripple's influence over circulating supply long-term. This decentralizes control, fitting broader crypto aims of wider distribution with less central authority.

此外，摩根指出，託管餘額的穩定減少削弱了 Ripple 對流通供應的長期影響。這分散了控制權，符合更廣泛的加密貨幣目標，即以更少的中央權力實現更廣泛的分發。