Damus

Recent Notes

shortwavesurfer2009 · 3d
It could also be fractional reserve price suppression. They don't have all the Monero they say they do and have been selling paper Monero to suppress the price and now they want you to fund their bal...
pico4 profile picture
Could be, but couldn't they cover monero withrawals by converting other assets?
If they have a liquidity issue, bottlenecking bitcoin (way more use, way more outflow) would be much more useful than doing it with xmr. The only reason to do so that comes to my mind is coin regulation and control. They just don't want people using privacy coins.
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shortwavesurfer2009 · 3d
Probably a bit of both, honestly.
1984 · 5d
But the customer has allready been KYC'ed on Kraken.
shortwavesurfer2009 · 3d
It could also be fractional reserve price suppression. They don't have all the Monero they say they do and have been selling paper Monero to suppress the price and now they want you to fund their balance so they get enough Monero to actually wind it down.
1984 · 3d
Compared the other crypto, the trading volume of monero is microscopic. Basically, if Kraken had to go out and put larger orders out on the market moneros market value would explode immediately. The effects would be one of the following: Kraken has real monero on there balance sheet (no they don't ...
Daniel Batten · 5d
Bitcoin mining is a practical, scaleable and proven solution to 3 of the world's major energy problems (grid instability, methane mitigation, replacement of fossil-fuel heat with electrical heat) S...
pico4 profile picture
The same people that are threatened by btc are the ones with the most power and influence earned from fiat systems. Bitcoin wont be covered by the media as good until they set up a strict regulation and get their hands on a powerful majority of the asset. (Aka "bring your btc to your bank")
NonMetalCoin · 5d
How is there only one comment to this effect. https://i.pinimg.com/originals/f9/bc/f6/f9bcf6a07fb8991c7b23dc90054a4f7e.jpg
ZeniusStudio™ · 5d
we were all busy arguing about pizza so nobody noticed the door was open