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Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases

84 pointsby grublesover 3 years ago

4 comments

lordofgibbonsover 3 years ago
I like to hate on ETH as much as anyone else, but isn&#x27;t it also normal for stock market &quot;whales&quot; to buy&#x2F;sell in smaller chunks to not move the market by much with a giant order?<p>Since ETH is based on a completely transparent ledger and not a privacy focused coin like XMR, all wallet amounts are public so you can see if a giant wallet pops up or transfers out to known exchanges - meaning a sale is taking place. So, it&#x27;s natural to break it up into multiple wallet addresses.<p>Am I missing some other context here? I don&#x27;t see what&#x27;s wrong with using multiple wallet addresses to not let the whole world know about your large orders.
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mgh2over 3 years ago
What does this mean for the non-crypto audience?
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akagusuover 3 years ago
Sometimes I think what&#x27;s needed for people to accept this whole crypto bulls*it as a scam it is.
gregjorover 3 years ago
Wait… I put all of my retirement and kids’ college money into ETH. I told my friends and family to do that too so we can get rich. Was that a bad idea?<p>My brother said he didn’t trust his money to a 27-year-old Russian kid who looks like a tweaker. My brother doesn’t know how to write code, I told him to do the research.<p>Should I be nervous or start shopping for a Lambo?
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