Literally no one understands what Ripple does.https://twitter.com/fintechfrank/status/1486096447607033856 …
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Like Stellar, LiteCoin and Bitcoin Cash, Ripple (the coin) has just been around long enough that it’s made an indelible psychic imprint and now goes up/down when other crypto goes up/down, mostly for reasons of nostalgia and vibes.
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Totally NOT a security. (Don’t look over here right now!)pic.twitter.com/5PfvOomWEG
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Ser, show me your covariance matrix and I’ll tell you why it goes up/down
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Does your covariance matrix have a factor for “vibes”?
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okay, but other than nostalgia is that really different than any of the other crypto?
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At least the gaming ones are attached to a game where you can track player numbers and avg spend. The L1s and protocol tokens you can track TVL, there’s at least something approaching fundamentals. XRP, LTC, BCH etc there is literally nothing except the market cap and price.
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Vibessssss
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15 billion usd ……..
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