OlDirtyBastard.eth
@oldirtybastard.eth
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(Act 1 Part 3)
The exchange buys back 1 BTC at $130,000, uses Alexâs 0.5 BTC collateral (now worth $65,000) to cover part of it, and repays the lender 1.005 BTC. The excessâ$65,000 - $30,000 = $35,000 (0.27 BTC)âgoes to CryptoXâs insurance fund, plus a $500 liquidation fee. Alexâs $50,000? Gone. Market: 1 BTC buy at $130,000 reduces sell-side liquidity, pushing prices higher.
CryptoX sees the bigger picture: 10,000 BTC shorted across users, liquidations clustered at $132,000. With its 5,000 BTC ($650M) insurance fund and order book data, it buys 500 BTC at $125,000, triggering a cascade to $140,000. It nets $350M in premiums, $1.3M in fees, and $7.5M trading profit. Then, using 1,000 BTC from the fund ($130M), it opens a 5x long on Exchange B at $125,000 (5,000 BTC position), cashing out at $140,000 for a $75M gain. Total haul? $368.74M. The fund grows by 71 BTC ($9.94M), proving itâs both shield and sword. #CryptoManipulation 0 reply
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(Act 1 pt 2)
The exchange buys back 1 BTC at $130,000, uses Alexâs 0.5 BTC collateral (now worth $65,000) to cover part of it, and repays the lender 1.005 BTC. The excessâ$65,000 - $30,000 = $35,000 (0.27 BTC)âgoes to CryptoXâs insurance fund, plus a $500 liquidation fee. Alexâs $50,000? Gone. Monetary Changes:
Alex: -$50,000 (0.5 BTC lost).
Lender: +$650 (0.005 BTC interest), 1 BTC returned (now worth $130,650 vs. $100,000 lent). It nets $350M in premiums, $1.3M in fees, and $7.5M trading profit. Then, using 1,000 BTC from the fund ($130M), it opens a 5x long on Exchange B at $125,000 (5,000 BTC position), cashing out at $140,000 for a $75M gain. Total haul? $368.74M. Tfund grows by 71 BTC ($9.94M), proving itâs both shield and sword. #ShortSqueeze
CryptoX: +$35,500 ($35,000 excess + $500 fee), plus $230 in trading fees (0.1% on $100K short, $130K buyback).
Market: 1 BTC buy at $130,000 reduces sell-side liquidity, pushing prices higher.
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Epilogue: The Future
Alex lost $50,000 to CryptoXâs game, but if heâd held his 0.5 BTC in a wallet, no liquidation could touch him. Jamie won $49,800, but direct-registering his shares couldâve doubled that by choking short supply. In both worlds, centralizationâexchanges lending BTC, brokers and DTCC lending GMEâfuels manipulation and middlemen profits. True control for retail lies in opting out: non-custodial BTC wallets and DTCC-free GME shares. Imagine a future where GME squeezes againâsay, in 2026 or this week (No Dates but it is coming), soaring to $2,000/share and costing shorts $200B. This disruption rattles traditional markets, and companies, starting slowly but accelerating over time, tokenize their equities on blockchain. GMEâs apes become the voice, educating the masses on how these mechanismsâshorts, longs, liquidationsâwork in a decentralized system, free from DTCC or broker meddling. 1 reply
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Act 5: The Lesson of Control
In both markets, centralized playersâCryptoX, BrokerX, the DTCCâthrive on custody and lending. CryptoX uses liquidations and insurance funds to rake in $368M, while BrokerX and the DTCC enable overshooting GME, pocketing fees as shorts bleed. But their power hinges on retail participation. #CentralizedControl #MarketPower
Crypto: True decentralization means non-custodial wallets. If Alex and millions hold BTC off-exchange, CryptoXâs lending pool shrinks, its manipulation weakens, and retail dictates supply. Volatility persists, but exchange profits (50%-100% margins) erode without captive collateral. #DecentralizedFinance #HODL
Equities: GMEâs warriors showed retail can win by buying and holding, but direct registration locks it in. Moving shares from the DTCC to Computershare mirrors cryptoâs wallet shiftâshort sellers lose ammunition, and retail controls the float. #ApeStrong #GMEControl 1 reply
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Act 4: Shutting Down the Middlemen
What if Alex and Jamie fought back against centralized control?
Crypto: Alex learns CryptoXâs game. If users stop lending BTC (reducing borrowable supply) or lock it in non-custodial wallets (e.g., Ledger), shorting dries up. Borrowing costs soar (50%-100% APR), and CryptoX canât trigger liquidations easily. Its $350M cascade profit shrinks, and leverage-driven manipulation falters. Liquidity shiftsâless BTC for shorts, more in retail handsâtilting power away from exchanges. #NonCustodial #BitcoinWallet
Equities: Jamie opts out of BrokerXâs lending program. If 50% of GMEâs 71M float (35.5M shares) stops lending, short interest drops from 140% to 70%. Borrowing fees jump (30%-100% APR), deterring hedge funds. Better yet, Jamie direct-registers his 100 shares with Computershare, pulling them from the DTCC. If 70% of the float (50M shares) follows, only 21M remain lendableâshorting collapses to 30%.. #DirectRegistration #DRS 1 reply
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