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They auction it off so it's not like they are going to dump it all on an exchange or something. In the past it hasn't really effected much.
by throwaway742 4y ago
They auction it off so it's not like they are going to dump it all on an exchange or something. In the past it hasn't really effected much.
- asah 4y agoliquid market: think of it as $3B worth of demand-for-BTC that's *not* buying bitcoin on the spot market and propping up the buy-side of the exchanges...
- RainaRelanah 4y agoA lot of bulk purchasers of crypto already do this via dark pools, at a discount, to avoid tanking the spot price.
- robocat 4y agoAnd one way to get “clean” bitcoins, because they have been washed. Presuming you can buy small amounts from whomever buys them in bulk. I am interested in crypto, but I really don’t want to be a retail schmuck buying tainted coins. https://news.ycombinator.com/item?id=30224637S https://news.ycombinator.com/item?id=30224637S