/biz/ - Business & Finance

>>57025406
That's why David's current posts about XRP/XLM coordination are pretty funny. Here we have the "trillion dollar man", potentially Satoshi Nakamoto himself, who can't think of a reason why XLM follows XRP, even following when XRP spiked on fake ETF reports that had no relation to XLM.

It's all fucking manipulated, XRP especially. I mean, he has to deny knowledge of it, but it's almost insulting how dumb he acts around these questions.

My take is that they have to keep XRP stable to demonstrate to institutions that crypto isn't volatile, and it will work for whatever their business model is. Ripple keeps the price of XRP boringly stable at levels that won't attract too many retail speculators, but they keep it somewhat responsive to BTC, so they can turn around to regulators and say XRP price is not linked to efforts of Ripple.