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by vkou
1840 days ago
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That is true - it is, after all, entirely possible that the BTC price drops caused the Colonial ransom seizure. [1] Perhaps people are correctly estimating that as BTC is likely to lose another use case for it (ransomware)[2], there is now less demand for it, thus resulting in the downward price pressure we've seen over the past few weeks. Perhaps criminals are correctly predicting that 'their' BTC might be taken away from them, thus causing them to liquidate their positions, thus resulting in downward price pressure. [3] [1] I am, of course, making a joke. [2] The writing is on the wall, due to the government reaction to the Colonial hack. [3] No, Monero is not a solution for them, because the FBI is not stupid. XMR:BTC is largely sideways. If ransomware switches to it, it's likely that exchanges transacting in privatecoins will be treated as international money launderers. https://coincodex.com/convert/monero/bitcoin/?amount=1 |
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