I have decided that Ripple random shitcoin is an attack on Bitcoin the same as Bcash other random shitcoin. They are trying to scare holders into selling by wash trading a Flippening. Dont fall for it.
FTFY. They've been trying this lame 'flippening scare' tactic for over a year now, because they are all fresh out of other shitactics.
Pumping random garbage will never work. The Bitcoin community has matured and can see through the bullshit.
Wallstreet desperately needs more bitcoin supply to play their con games with the public, and there just isn't much available. So they are desperate to get existing holders to part with their bitcoin. They want them to make rookie trading mistakes, divest into a myriad of shitcoins, or just get frustrated and sell... whatever they can do to shake people out. It doesn't appear to be working.
Well, those blinds you are wearing will prove to be fatal some day. This is what zealotry can lead to, if you ask me.
Oh, and the flippening will happen. Its importance is indeed overrated, but it will happen and much sooner than you probably think. There are too many alternatives out there with much better fundamentals that more or less exclude the possibility of it not happening.