from Hacker News

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

by grubles on 1/9/22, 11:03 PM with 24 comments

• by lordofgibbons on 1/10/22, 1:18 AM

  I like to hate on ETH as much as anyone else, but isn't it also normal for stock market "whales" to buy/sell in smaller chunks to not move the market by much with a giant order?

  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's natural to break it up into multiple wallet addresses.

  Am I missing some other context here? I don't see what's wrong with using multiple wallet addresses to not let the whole world know about your large orders.

• by mgh2 on 1/9/22, 11:47 PM

  What does this mean for the non-crypto audience?

• by akagusu on 1/10/22, 3:57 AM

  Sometimes I think what's needed for people to accept this whole crypto bulls*it as a scam it is.

• by gregjor on 1/10/22, 12:05 AM

  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?

  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.

  Should I be nervous or start shopping for a Lambo?