Kingdom of Bohemians (Czech) minted its coins in Joachimsthal (valley) and was called Joachimsthaler. The name were from there adopted by many currencies, Spain and even Swedenistan had its own “Riksdaler” which many still call our krona today.
Fredrik Bergman Name and picture from twetch — not on-chain. The signature is; the profile is not.
19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf
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Dafuq, I mean is it some kind of password I need to access my fund beside the seed? Is it public? I must admit I still don’t really get it but is was a beautiful answer, almost poetic!
Can someone help me by explaining what a derivation path is, what it does and how it works? Think of me like I’m 5 years old as always, mkay?
Snow storms in Spain? It has been some time since we last talked about global warming now hasn’t it?🥶
Wouldn’t know how to sell even if I wanted to... my Bitcoins will be used!
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:
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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.
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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?
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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!
…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.
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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.
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I could have twetched it also but I’m trying to monetize this to prove a point to its creator. Ill double what you guys chip in if upp to 10$ (dont want to end up like the frog and have my presentations butt naked) If it dont happen ill just send it back.
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."
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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
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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:
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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!
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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.
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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:
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This takes some unpacking so lets start with the easy stuff.
Coinbase is a real dollar exchange, and when we look at the BTCUSD price delta between it and Bitfinex, we note that bitcoin is more valuable on Coinbase-a trend that increases during pumps.
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Someone will ask about my thesis because FinTiwt so just to really drill it out,the thesis is:
“Under a capital flight condition, having BTC on a real dollar exchange will be more valuable than on a USDT exchange, and market dynamics will reflect that.”
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“But corelation isn't causation!” chant the cyber hornets.
Yeah well… I'm far from done, my pointy-arsed friends.
For starters, let's also note the same delta with Kraken here:
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But wait, this sandwich comes with chips!
Digging in more, I found the following useful twitter search string:
"from unknown wallet to #Coinbase" (from:whale_alert)
Go ahead: try it out, I'll wait here.
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Interesting right? What you're looking at is a transaction record of large, unknown actors moving money to Coinbase, a real dollar exchange.
You can sub 'Coinbase’ for ‘Kraken’ or whatever, but let's stay here and poke around for a bit first.
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Some have actual Dollars and some only have Tethers. A few have both. If you want dollars, you have to get them from the former.
Curiously, the tether-only ones are where you get insane leverage, but lets save that for the next time RT-Max stops by.
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First, we develop a hypothesis: what we would expect to see if something nefarious was going on, and then we’ll look for it?
Perhaps not a “Karl Popper approved” method of inquiry, but then again what is? (properly using a brain is quite hard…)
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And I concluded that what I'd expect to see is capital flight from USDT-only exchanges to USD-enabled exchanges.
This may be confusing to some, so let's unpack what I mean first.
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So last night I'm like, “how do I exact righteous nerd vengeance on these impolite rubes?”
And then I said to myself, “Self, let's follow the money like the detectives in the movies!”
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So if some cynical, secretly-fiat-believing actor were to do something of dubious intent, wed expect to see capital migration toward real dollar exchanges.
What would that look like? Well, I wasn't sure until I dug in.
And then I was like “holy shit.”
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A bunch of people were mean to me for asking Tether questions, so figure I’ll just leave it alone now.
Ahahahaha, just kidding: R̶u̶s̶s̶i̶a̶ ̶T̶o̶d̶a̶y̶ Max has roughly tripled my interest.
And anyhow, we haven’t even gotten to the good stuff yet….
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