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John Pitts Profile picture
@EquityDiamonds
May 11, 2022 • 8 tweets • 6 min read • Read on X
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NAKED
Highly volatile days like today are when you can SEE appearance of naked shorting in real time. Bittrex is almost all buy-and-holders of #BSV. Other exchanges don't really have any natural buyers/sellers, all large entities pushing things around.

Notice the 6% premium? Image
Last year I witnessed that difference at > 40% when crypto was getting punished. All buyers on Bittrex, no sellers even at 40% premium to OKex & others.

Notice the denominator to the pair? It's Tether.
Notice demon to buyers on Bittrex? It's USD.
Compare the volumes now. Image
Any retail US trader has to use Bittrex to buy #BSV, so how is volume 1/100th the vol. on OKex? OKex has whales that own #BSV & are selling at all-time-low prices? Poppycock. Just wash-trade BSV down on OKex w large $ volume & Messari/WorldCoinIndex/etc algos report price⬇️... Image
...which then scares the hell out of natural buyers on Bittrex, who either panic or hit sell-stop-limits & get sold at loss, which lessens risk of the scheme for manipulator, who goes further with it.

BSV/Tether 100x > vol. of entirety of American retail buyers of #BSV/USD? NOT! Image
How did today's 6% price differential become 40% last Spring? At some point in downdraft, #BSV buyers refuse to sell, no more stop limits, all weak hands gone. Nothing but buyers (bids) & no sellers (asks) on Bittrex, but other exchanges still going lower (somehow).
FAKE DATA Image
On exchanges like OKex, BitFinex, Binance (even some who SAY they don't trade BSV but offer it to large institutions) there's 100x the sellers of Bittrex all excited to own Tethers? Sound like a BSVer you know? NOT.

Because the sellers "likely" dont exist.

aTale of 2 traders... Image
Homework 4U:

Ask your friendly neighborhood cryptoCrap price aggregator website how they calculate which price to show you for #BSV. Ask for the algo, bc remember kids, there's MANY exchanges BSV trades.

Ask @CoinMarketCap @MessariCrypto @WorldCoinIndex etc how they calc price Image
Will leave u this...

Future joke on #Hilarist app:

What did Spidersam say to Spidersam in the #BSV trading pit?
Let's agree to disagree to agree #BSV's price is lower. Image

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More from @EquityDiamonds

John Pitts Profile picture
Feb 23
Day 15 afternoon quips:

Dr. Wright mentions "beyond a 3-body problem" in description of his steganographic changes (explaining there's 4 variables) he demonstrated to his solicitors!
Why is this cool? Physics's 3-body problem was one of the biggest complexity-hurdles for...
...calculating gravitational effects on cosmos objects (planets for instance). This is great stuff! You don't describe steganographic multi-variable complexity without command of many inter-disciplinary subjects.

Gunning is proving how goddam smart Dr. Wright is, without...
...knowing his cross-examination is helping @Dr_CSWright's skeletal argument that it's his KNOWLEDGE (not a stego-proof of BWP) which makes him Satoshi!

I think this is why Craig is smiling during this questioning. He's in his element when getting questioned about technology.
Read 33 tweets
John Pitts Profile picture
Feb 21
Day 13 Zingers:

Martti Malmi confirmed on the witness stand that he changed the bitcoin forums website & hosting without including Satoshi Nakamoto. An even BIGGER surprise, hosting for the forums was provided by Karpeles— of Mt Gox infamy!

Theymos, Michael Marquardt…
possesses relevant direct messages between Satoshi & Mãlmi which have not been disclosed to the court but which could verify statements made by Dr Wright. Yet somehow ONE DM made it into evidence. Choicy. Is that a word in the dictionary?



Theymos…slictionary.com/CreateWord/cho…
…by the way, is a known openly hostile Reddit forum subreddit controller for bitcoin who operated an early cancel-culture strategy for pushing small-block changes & mindset down the throats of reddit participants.

Hmmmm
Read 8 tweets
John Pitts Profile picture
Feb 20
#copa v. Wright: Day 12

Shining a Light on the Dark Side of the Moon;
Feasting Your Eyes on (bomb) Craters & Warts

"To the Moon!"
the Aftermath

The cryptocurrency space
is about to be the cow's descent,
from her jump,
into hamburger

🎶

Lord Grabiner...

Image
(2/n)
...began Dr Wright's offensive, and offense is fun already. We got a 24 minute taste of Lord Grabi & a few things are already clear:

FEAR. For such a frail Englishman, he seems to have already scared the hell out of his first witness this afternoon, a 1 of 3 director...
(3/n)
...of COPA itself, paid for by @jack's @Square (Block) which is a company who's been attempting to usurp Visa & Mastercard's stranglehold on worldwide payments for years now. In just 24 short minutes, Lord Grabibears (which should be interpreted as #copa running into a...
Read 33 tweets
John Pitts Profile picture
Feb 16
#copa v. Wright, Day 9

"Do you like Phil Collins?"
🎶
"I think Invisible Touch is his undisputed Masterpiece"



Today we present a screenplay for the sequel to 🎬'American Psycho', but for kids & w/ a happy ending this time.

"I would've happily signed...

Image
(2/n)
Could a very clever man who's received a Lion's share of public denigration have the last laugh by turning in a masterpiece of a trial? Do you remember when Howard Roark didn't really fight very hard, saying nothing all trial, & then delivered the classic "Randian speech"?
(3/n)
Genesis's "Invisible Touch" album was all the rage (Genesis headlining often on #MiamiVice) right when I learned to drive, a masterpiece of an album (favorite song: Tonite Tonite...). The Genesis block could be said to seem to have an Invisible Touch, yeah? The private...
Read 20 tweets
John Pitts Profile picture
Feb 14
#copa v. Dr. Wright, Day 8:

"It's Toasted"
[WTF?}

It's the greatest line from the best TV show ever made, in the best episode of the show: Season 1, Episode 1, @MadMen_AMC.

#btc Core's lawyer thought he won, but he really was toasted & their victory laps were with eyes shaded.
(2/n)
Don used the succinct (to put it mildly) two-word phrase to amaze his Lucky Strike execs, with a cleverest-of-marketing plans to not over-explain a new law by the US Gov't to put HAZARDOUS warning labels on cigarettes (1965). He explained his plan with two short words... Image
@davidcbaxter (3/n)
Everyone in the room was stupified bc Don had been utterly silent for a long awkward pause, looking like he had no idea what he was doing here, looking for an escape. This same scene occured today, but with the line...

"It's Larger"

Same reaction, only worse as courts...
Read 25 tweets
John Pitts Profile picture
Feb 14
#copa vs Wright Day 7:

The theme of the day was:
Don’t fritter away your talents, and in copa’s case their valuable time w/ Wright on the stand



But that’s exactly what happened. Several weak jabs, parried, a snooze-fest compared to the other days. But… equitydiamonds.medium.com/bitcoins-got-t…

Image
(2/n)
…let’s touch upon what we can in a shortened summary bc yesterday @kurtwuckertjr & I went over some of the interesting themes hours after Day 7 concluded:



We’ve known since mid last week copa only had until Tuesday to work on Dr Wright, and…youtube.com/live/Ln3BzXrwg…
@kurtwuckertjr …he’s been introducing TONS of new material while copa sticks to their plot. But copa SHOULD, if Wright is not Satoshi, be working furiously in the past 6 full days to prove Craig’s new material is wrong. They’ve had plenty of time. Day 7 was the final day to really double…
Read 14 tweets

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