libera #monero

8 Aug 2024

[XMR] Be excellent to each other and welcoming to newcomers || getmonero.org || Dev: #monero-dev || Pool related: #monero-pools || Price chat: #monero-markets || People can & do log this channel

• 00:52
  m-relay
  <n​ononynous:monero.social> 9m$ in volume lol
• 00:52
  m-relay
  <n​ononynous:monero.social> Not the supply
• 00:52
  m-relay
  <n​ononynous:monero.social> *
• 00:53
  m-relay
  <o​frnxmr:monero.social> Nah. 9million available to borrow
• 00:53
  m-relay
  <s​trawberry:monero.social> matrix.monero.social/_matrix/media/…ero.social/eusXETiRuonvooNAyyDJphKd
• 00:54
  m-relay
  <o​frnxmr:monero.social> not margin, but their lending feature
• 00:55
  m-relay
  <s​trawberry:monero.social> its not shorts
• 00:55
  m-relay
  <o​frnxmr:monero.social> Theres 9mill there :D
• 00:55
  m-relay
  <s​trawberry:monero.social> they claim to actually have 9m xmr
• 00:55
  m-relay
  <o​frnxmr:monero.social> Ty for confirmation strawberry: 🙏
• 00:56
  m-relay
  <d​ave.jp:matrix.org> Then there are too many xmrs in circulation then actual supply should be, coin is broken
• 00:57
  m-relay
  <o​frnxmr:monero.social> Actually 10m total there :D
• 00:57
  m-relay
  <s​trawberry:monero.social> its technically possible for them to have 10m xmr
• 00:57
  m-relay
  <o​frnxmr:monero.social> its more fake than a 6USD bill
• 00:57
  m-relay
  <s​trawberry:monero.social> but on 1 exchange, not even kraken?
• 00:57
  m-relay
  <d​ave.jp:matrix.org> Can they technically do a proof of reserves ?
• 00:57
  m-relay
  <o​frnxmr:monero.social> they claimed this before binance delisted
• 00:58
  m-relay
  <s​trawberry:monero.social> thats BS
• 00:58
  m-relay
  <d​ave.jp:matrix.org> Oh that must be Binance providing liquidity 😂
• 00:58
  m-relay
  <s​trawberry:monero.social> unless this is all exchanges sharing lending rates?
• 00:58
  m-relay
  <d​ave.jp:matrix.org> They are all interlinked a big oonzi
• 00:59
  m-relay
  <d​ave.jp:matrix.org> They are all interlinked a big ponzi
• 00:59
  m-relay
  <o​frnxmr:monero.social> I havent checked since before kucoin started kyc. Theyve never had that xmr, they just loan paper xmr to be traded
• 00:59
  m-relay
  <s​trawberry:monero.social> yes they're all binance shell companies, but I'd be willing to believe they have 10m xmr altogether
• 00:59
  m-relay
  <o​frnxmr:monero.social> I doubt they have 10m
• 01:00
  m-relay
  <o​frnxmr:monero.social> Binancd couldnt even handle a few thousand in withdrawals
• 01:00
  m-relay
  <s​trawberry:monero.social> you think half of xmr is self custodied?
• 01:01
  m-relay
  <s​trawberry:monero.social> more than half even
• 01:03
  m-relay
  <o​frnxmr:monero.social> Yea
• 01:04
  m-relay
  <s​trawberry:monero.social> kucoin.com/blog/5-things-you-need-to-know-about-kucoin-crypto-lending
• 01:05
  m-relay
  <s​trawberry:monero.social> seems like you need to manually opt into lending your xmr
• 01:05
  m-relay
  <s​trawberry:monero.social> and that this is a kucoin only thing
• 01:06
  m-relay
  <o​frnxmr:monero.social> bestchange.com/monero-to-monero.html
• 01:06
  m-relay
  <o​frnxmr:monero.social> They claim 6mill xmr, but if you sort by reserves the tops exchangers are all fake
• 04:30
  m-relay
  <s​ofabox:monero.social> the data for this: datamish.com/xmrusd/360d
• 04:30
  m-relay
  <s​ofabox:monero.social> extremely biased for shorts. i never ever seem this for eth or btc
• 04:30
  m-relay
  <s​ofabox:monero.social> eth at max 6% short past 360d and btc 2%. for xmr 65% short... wth???
• 04:30
  m-relay
  <s​ofabox:monero.social> matrix.monero.social/_matrix/media/…ero.social/xfsesCmjYbQIGfEphwefxrYM
• 04:30
  m-relay
  <s​ofabox:monero.social> see above. the word on street right
• 04:32
  m-relay
  <s​ofabox:monero.social> and weirdest of all only 18.56k xmr available to borrow for short. so for small liquidity most are short and there is barely any to borrow. in comparison btc has around 4000 btc to borrow
• 17:15
  m-relay
  <p​reland:monero.social> As a proportion of token supply Monero’s is significantly higher though
• 17:15
  m-relay
  <p​reland:monero.social> Albeit the USD current price does make that BTC wild
• 17:15
  m-relay
  <p​reland:monero.social> Though I wouldn’t want to touch BTC rn, things look…..shaky atm
• 17:28
  BlueyHealer
  I would not like to touch BTC because it has high fees :(
• 17:37
  m-relay
  <p​reland:monero.social> Lol
• 20:16
  m-relay
  <j​ohndoe427:matrix.org> So do classy prostitutes, what are you trying to say? 🤔🧐