They are constantly convoluting facts and fiction, which is a known COINTELPRO strategy to create confusion and undermine communities like this. May use sock puppets. Don't go to meetups with a German left wing touch.
hfondmanager
joined 10 months ago
If I don't know you, I will insist that you give me back something immediately. When I know you better, I become more relaxed: "yeah, maybe tomorrow ... ... " see where I'm going? CCS is a form of credit in this respect with loose conditions and no interest, of course.
At this stage (barter) order book based pricing used primarily for speculation is vastly overrated. When you use XMR for barter what you get will eventually cancel out.
Later on, a elastic money supply, i.e. varieties of social credit based on trust as well as a trustless basis (xmr) will be necessary ... but it will hopefully support ALL people, NOT only the 1% parasites. (That's why I shilled OXEN BTW - credit could be an app there)
And, to put things in perspective, a -25% drop in price means nothing, compared to the effort put into the attack. Fiat drops -25% every so often (measured in real goods). Most people take that, because they rather carry on and not worry about the gun pointed toward their head. To use a racket like this as a unit of measurement amounts to moral insanity.
The new rules will also cover most of the crypto-sector. All crypto-asset service providers will need to conduct due diligence on their customers. This means that they have to verify facts about their customers and report any suspicions to FIUs.
The new laws require CEX's (including Kraken and trocador) to report to a central authority (FIU). Chat protocols included, Coinbase informs their customers, that is, after your funds have been frozen.
Swiss, EU, GB and USA have harmonized their efforts. Expected to pass 2024-02-22, just when the unwashed masses are herded away from Binance to the enclaves for XMR. Watch out for terrible terrorist tribunals.
If I am correct, Binance entered into short contracts, sold their XMR reserves ~@170, then released the BIG NEWS and now buying XMR back ~@130. This is - of course - a scam. Because they knew in advance when they will release the news and guarantee the drop.
Anyways, these financial acrobatics are short lived, so don't worry.
/EDIT/
In the past four years -3.1 standard deviations (FTX debacle) was the lowest value of the daily probability distribution for XMR. This time it is -4 stds, an order of magnitude lower.
Heuristics reveal that the delisting in itself (which was expected) is not a sufficient explanation for the magnitude of the panic. Given the track record, analysis and parallels to past financial attacks, a short wave based on a shark mentality of many players is likely.
For a short run down on Short selling attacks (like this one) you might be interested in https://monero.town/comment/3264836 (doesn't link to the correct comment, is this a bug? anyway.)
This is ~ 4 standard deviations BTW. I'd wait for a W on the dayly before buying the dip.
Is there an option to allow voting only for someone who has written a comment? This would make blocking of those trolls easier, too. I would dive into the src myself if need be.
plz see https://monero.town/post/1895049 - Manipulation (bandwagon effect) - These are likely willful attempts to create a downvote bubble ...
any other problems?
Tor provides very limited privacy for agents below the NSA level only. And as you can see crypto bros copy their articles, too (in good faith of course). Did you notice the marketing language? They are selling you "privacy". You are the product, I surmise.
I like i2p. Running your own p2p node is fun and games. (mixnets).
And notice how they are discussing mirroring google OR bing ... what a joice. Waiting for a searx-ng instance that implements its own community ranking. Its there. We need to make use of it. How about living in a Monero search bubble?
At the higher echelons psychos shake hands, on the lower echelons psychos split and manage conflict. That is, they search for conflicts, pour oil on the fire, then suggest future directions.