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OK HN help me out on this one. This whole NFT phenomenon just has to be primarily driven by money laundering right? Like there's no possible way a person, who i
by CPLX 6y ago
OK HN help me out on this one. This whole NFT phenomenon just has to be primarily driven by money laundering right?
Like there's no possible way a person, who is in possession of $69 million dollars, has decided that they'd rather have this image file right? It's impossible.
So we must conclude that what's actually happened is they have $69MM in gains, and they're a known entity, and they'd like to offset that with $69MM in loss somehow and transfer the gain to an unknown or untraceable entity. Or whatever the more accurate version of that basic dynamic is.
Am I wrong?
- jl2718 6y agoPump-and-dump should be the first assumption. I think we get a bit fantastical to assume we live in a high-crime spy novel.