ede3d957774e -- 60d The answer was known 5 years ago, when Monero Bros figured that fractional reserves have been weaponised to price suppress. Bitcoiners were to proud of fiat NGU at that time to read between the lines and prepare a proper defense against this attack. But realistically it all started in 2017 with CME and CBOE "adoption" to "tame the prices" nostr:nevent1qqsdee7tv3x3nc2h2v5lr6a6tj4dfqmrunh86cfmvsqruvtsqv6cyuqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp3ya22j hxdn8j2u6dey9zkru9qzzlvj05439cmt8hry4ep634js4qvzqqqqqqyeknymc reply [1 reply]The answer was known 5 years ago, when Monero Bros figured that fractional reserves have been weaponised to price suppress. Bitcoiners were to proud of fiat NGU at that time to read between the lines and prepare a proper defense against this attack. But realistically it all started in 2017 with CME and CBOE "adoption" to "tame the prices" nostr:nevent1qqsdee7tv3x3nc2h2v5lr6a6tj4dfqmrunh86cfmvsqruvtsqv6cyuqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp3ya22jhxdn8j2u6dey9zkru9qzzlvj05439cmt8hry4ep634js4qvzqqqqqqyeknymc
thread · root dce7cb64…8270 · depth 2 · · selected 50b0c6ab…9770
thread
root dce7cb64…8270 · depth 2 · · selected 50b0c6ab…9770
“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply throughundisclosed derivatives stacked on top of its own ETF inventory.”Now we know the answer to the price mystery. And color me not surprised.Paper bitcoin…https://x.com/1914ad/status/2026757796390449382?s=46&t=DG1JEc-EXQnoc72Rmx9dOA
The answer was known 5 years ago, when Monero Bros figured that fractional reserves have been weaponised toprice suppress.Bitcoiners were to proud of fiat NGU at that time to read between the lines and prepare a proper defense againstthis attack.But realistically it all started in 2017 with CME and CBOE "adoption" to "tame the prices"nostr:nevent1qqsdee7tv3x3nc2h2v5lr6a6tj4dfqmrunh86cfmvsqruvtsqv6cyuqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp3ya22jhxdn8j2u6dey9zkru9qzzlvj05439cmt8hry4ep634js4qvzqqqqqqyeknymc
“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.”
Now we know the answer to the price mystery. And color me not surprised.
Paper bitcoin…
https://x.com/1914ad/status/2026757796390449382?s=46&t=DG1JEc-EXQnoc72Rmx9dOA
Seems like a terrible FUD.
How is Monero immune to such attack if at some point it becomes widely adopted?
It will be even worse. Because Bitcoin is easily auditable. And thats a good feature.
Also you can't stop anyone adopting Bitcoin or also Monero. To buy it, to mine it.
Those grifter mf will be audit and Bitcoin's price will be fine again.
The Bitcoin OG's know what they hodl. They hodl Freedom Money and Bitcoin businesses are growing. The Bitcoin economy is getting stronger every day. There are lawful ways to stop scammers and grifters.