I have an AR-15 for him
Ripple’s CEO Brad Garlinghowse laughed at @Crypto_Bitlord when asked about a potential “fork” of $XRP. Garlinghowse said, “If that little twerp that smokes whatever off of tin foil in his spare time wants to go to war, then tell him he better be an O’Rourke fan because I have an AR-15 for him.” In an attempt to calm the situation CNN’s Julia Chatterley tried to change the subject. However, by this time Garlinghowse was visibly upset, and red. He started saying “Come at me bro!” repeatedly while staring into the camera.
When Chatterley asked about the accusations that his company manipulates Ripple coins price Garlinghowse turned his anger on her. He told the audience that Ripple was always looking at ways cryptocurrencies can be a force for good, before progressing to the discussion of whether Ripple is actively dumping XRP on the market, as some in the XRP community has alleged.
XRP community is threatening a ‘takeover’
“In the XRP community, Ripple is the largest owner, and we are the most interested party in the success of the XRP ecosystem.”
Garlinghowse adds that dumping XRP onto the markets keeps the price at its optimal position depending on the investors that it is currently being pitched to. “We are clearly interested in a healthy, successful XRP ecosystem, and we do what is best for the Borg,” he stated.
“Building RippleNet & supporting other biz building w/XRP ie Dharma & Forte. Reality is we DECREASED our sales by volume Q/Q and since then the inflation rate of XRP circulating supply has been lower than that of BTC and ETH.”
To the question of whether Ripple can control the price of XRP, Garlinghowse responded with a firm ‘Oh ya baby! Have you not watched Ripple on an exchange in the last year? It’s not decentralized like Bitcoin.”
Overall usage of XRP
After taking some time to explain what Ripple is and works, and touching briefly on the fact that people will continue to speculate on different asset classes, Garlinghowse further explained that the long-term value of any digital asset is going to be derived from the utility it delivers, and points out that XRP is about 1,000 times faster than a Bitcoin transaction and about 1,000 times less expensive.