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/
Post by twetch#7124
But wait! Rice crispy treat for dessert too!
On some exchanges, you can see a direct USDT/USD pair. Let's look at one here, against BTC price:
19/
What the chain says
- Block
- 668 984
- Time
- 2021-01-07T18:36:52Z
- 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 (4)
…and we can observe that Tether is more valuable when BTC is low, and less valuable when it moons.
Why? Impossible to really know for sure, but selling a crap ton of Tether to juice your extraction carrier vehicles would be one plausible explanation.
20/
Is it China?Is it Putin?Is Max Keizer Putin?Obviously I have no idea.
All I know is that “sunlight is the best disinfectant,” and that I dont like cheap shots at well-intentioned curiosity.
Particularly my curiosity because, obviously, I have issues.
20/
Gotta say... for an evening worth of work by an adderall addict with a terminal (note: I use tradingview, you spoiled brat).
So: who’s next?
21/21
Theses twetches were originally tweeted by Travis Kimmel (@coloradotravis) who among few conventional finance tweeters has the good taste of questioning the current happenings. Any surpluses from this will be used as incentive to get him to try Twetch!