D@leW
Well-Known Member
- Joined
- Aug 11, 2020
- Messages
- 401
It's a Luno (previously BitX.co) wallet. It's also existed since before MTI, and since we can see that incoming payments are going immediately out to members it seems reasonable to assume MTI has no liquidity left, and therefore there likely isn't an MTI wallet as such.I have a gut feeling it’s their MTI wallet I will look it up elsewhere it shows a transaction 4.12.2020 that’s not listed above
Here's an example of an MTI transaction from 13 November: https://bitinfocharts.com/bitcoin/block/656767/3FKxPVoPmmf9sKr2rZtYutXvWXF1K9cV3e
How this differs from what I've seen before is that deposits are immediately dispersed as payments to other members, at least that's what it looks like. Lots of fairly small deposits that are immediately turned into lots of small withdrawals.
Previously deposits would be collected up and get moved around a lot, with some of it ending up in tumblers before coming back into the pool (presumably - it's impossible to track once funds are merged into a tumbling service). Now they seem to be using incoming funds to make immediate payments to other members, and if you moan enough on the groups and abuse the "expedite" button maybe your payment gets pushed up the queue to help quell dissent and enhance the illusion that things are still okay.
I think there's a good chance Christmas will help this fall apart. There must be lots of people who haven't been withdrawing much who'll want to splash out a bit at Christmas, only to find out withdrawals aren't working the same as when they did their do dilijens.
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