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.

加密货币分析师兼律师 Bill Morgan 最近对 Ripple 使用托管账户持有 XRP 硬币的情况进行了权衡。摩根详细分析了美国证券交易委员会正在进行的针对 Ripple 的诉讼、社区看法以及 Ripple 关于托管的战略叙述的关键考虑因素。

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.

美国证券交易委员会认为，Ripple 的托管采用了不同的技术，旨在稳定或决定 XRP 的价格。具体来说，托管储备按月定期释放固定数量的 XRP。这种结构化排放的目的是避免突然发生洪水，从而导致波动。

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

然而，美国证券交易委员会声称，这种管理方法通过管理市场上即时的可用供应水平来维持 XRP 的价值。

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 支持者认为托管实际上限制了价格升值。他们的逻辑是，定期托管分配扩大了 XRP 的整体流通量，通过稀释施加下行压力。这种观点取决于额外的硬币增加会削弱个人价值并阻碍收益。

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.

摩根对这种压抑的观念提出了挑战，认为这种心态是错误的。虽然没有进一步解释，但他的立场暗示托管有与 Ripple 的叙述一致的更有利的目标，而不是障碍。他相信这体现了审慎的管理而不是阻碍。

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

Ripple 一贯将托管视为对其 XRP 的认真管理，旨在实现可预测而非不受控制的分配，确保稳定性并让持有者/市场放心。

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，托管余额的稳步减少削弱了 Ripple 对流通供应的长期影响。这分散了控制权，符合更广泛的加密货币目标，即以更少的中央权力实现更广泛的分发。