“Huge Ethereum Mixer—68% of total Ethereum transaction value controlled by one system”—https://blog.cyber.fund/huge-ethereum-mixer-6cf98680ee6c … by @satoshi_fund
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Wow—if you subtract out the "Huge Ethereum Mixer" (scare-quotes!), Ethereum txn volume has _not_ been increasing‽pic.twitter.com/8fh1WENosi
5 replies 19 retweets 64 likesShow this thread -
Replying to @zooko @satoshi_fund
Very misleading. This article horribly conflates *tx value in ETH* and *tx volume* (as in, # of txs)
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> These addrs account for 67.5% of all transferred ETH and constitute 8.5% of the total number of transactions on Ethereum
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*Of course* ETH/day is not increasing. The value of ETH is up nearly 1000x since launch
2 replies 4 retweets 35 likes -
In the long run, I expect ETH/day to be uncorrelated to adoption. 10x adoption -> 10x more value sent but 10x price, so in ETH it's a wash
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On a public blockchain, quantity of ETH sent is a useless metric. I can write a script to send my 400k+ ETH to myself in every block
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Replying to @VitalikButerin @ofnumbers and
I see the blog now! “Vitalik threatens to fill ethereum with useless 400k spams until bloggers write accurate articles!”
1 reply 1 retweet 12 likes
i can see @TheOnion feasting on this.
"Vitalik accidentally sends 400K ETH to ETC address. Bitcoin Maximalists shed tears of joy" 
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