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/
Post by twetch#7124
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/
What the chain says
- Block
- 668 980
- Time
- 2021-01-07T18:13:14Z
- 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 (10)
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/
Oh hey, while we're on the topic let's also verify that the capital extraction process makes XLM more valuable on certain exchanges like Coinbase.
Well, look at that: an extraction spike.
18/
interesting.
I been looking at xlm like a hawk lately
What do u think is conclusion of all this?