Note that our hypothesis has 2 dominant capital carriers: BTC and XLM.
If we chart these volumes out, it’s curious to note the large spikes during USA holidays:
12/
Post by twetch#7124
These BTC/XLM flows represent roughly $3.6B of capital flight since November-to Coinbase alone!
I didnt go back farther because I had to hand-collate all this, but it could be interesting for someone who, like me, obviously lives in moms basement.
13/
What the chain says
- Block
- 668 979
- Time
- 2021-01-07T18:08:24Z
- Signer
- 19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#7124
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf VerifiedReplies (11)
Oh… did I mention the meal also comes with a beverage?
And it's a fun one: go pull up a chart of XLMUSD (proposed capital carrier)
Wait never mind, I'll do it so nobody has to get up:
14/
Notice how that thing “moons” in November, and then again later?
Now: guess when XLM volumes to Coinbase started...
Now this is a tidy transport mechanism!
15/
Okay, I'll explain: let's say you're moving capital out of but you'd also like double your money.
- Put into XLM
- Jam XLM price higher
- Convert to Dalla Bills
16/
I mean that's pretty incredible - Np wonder I've been consigned to the world of staying poor, I'd never see that angle.
Well… except for right now when I just did.
But other than that, I really "don't understand crypto."
17/
interesting.
I been looking at xlm like a hawk lately
What do u think is conclusion of all this?