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this post was submitted on 14 Dec 2023
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Buttcoin
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I think the thefts are priced in the value of the stolen coins so this says nothing about the liquidity. No idea how to properly look that up (and last time I tried it was oddly hard to find data on it, and the changes of it over time)
illiquid shitcoins are the order of the day. putting a spurious $ value on them is part of the scam. comes back to completely fuck them when it's prosecution time tho, cos the $ values immediately push the crime into the highest sentencing bracket. here's to mark-to-market!
In .nl the higher the crime bracket the more resources the police/persecution can also use to go after that crime (that is at least it was a while ago) why all dutch computer crime had pretty high prison times, as else they simply couldn't be policed. Wonder if they also get themselves in trouble like that.