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20th May 2021, 12:17 AM
#11
Unobtanium
Re: /XMR/ Monero General
The reason I'm making such a big deal about the exchanges is since basically what's going on is similar to the COMEX shorts on Silver. The difference is can easily be exposed since it's a lot easier to buy up the Monero supply and not put it on centralized exchanges that manipulate the markets like Binance (that's where the Bitcoin flash crash happened.)
A lot of lot of 2011 Bitcoin OGs have been eating it all up, and aren't selling.
This is why the Atomic Swaps the Monero community are developing to be so revolutionary since it will make it crazy difficult for institutions to manipulate the markets. They're also working on a way to onboard/offboard fiat, which essentially could create a new way to avoid taxes entirely, and operate outside the system.
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