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nostrich
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"


hodlonaut @hodlonaut · 4w
“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/ Show more
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nostrich · 4w
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 b...
M0053 · 4w
Monero has the same problem, but achieved a slightly different way. And it is thanks to its best-in-class privacy. It was easy for exchanges to be deeply short Monero and close down withdrawals for "technical reasons". Remember that? Monero has, from the very beginning, kept away from the digital ...