Liquidity issue. Has nothing to do with the fundamentals of either network or asset. 10 BTC is more than most houses, and it would take you 6% plus 90 days minimum to move a house. And you’re definitely not getting 600k cash for monero within a day, if ever.
You could’ve done it non-KYC if you had more time or found some big OTC plays (likely outside of US jurisdiction), but the issue of moving that amount of money outside of traditional regulations would not be improved by monero.
zforce / Zach⚡️
npub1hy…3ntt0
2024-07-25 18:17:45
in reply to nevent1q…3zxr
Author Public Key
npub1hymqekqgkf8vhlgr2a0n6cmmre3v48l2g9dvv7mvtvg7790j35rqh3ntt0Published at
2024-07-25 18:17:45Event JSON
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"pubkey": "b9360cd808b24ecbfd03575f3d637b1e62ca9fea415ac67b6c5b11ef15f28d06",
"created_at": 1721931465,
"kind": 1,
"tags": [
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[
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"content": "Liquidity issue. Has nothing to do with the fundamentals of either network or asset. 10 BTC is more than most houses, and it would take you 6% plus 90 days minimum to move a house. And you’re definitely not getting 600k cash for monero within a day, if ever.\n\nYou could’ve done it non-KYC if you had more time or found some big OTC plays (likely outside of US jurisdiction), but the issue of moving that amount of money outside of traditional regulations would not be improved by monero.",
"sig": "9619289b75fa3d74d83daa3b9f526729c3f676c37f8ebedcb96d2cf4867a433dceac393850a17d01d5b86b5bc82e6e6362106687119d3f7468f1f38047b4a58d"
}