67,159.31634687 Bitcoin Testnet coins traded between users since Sunday... Lol that's wild AF.
If this isn't the "golden" pink sheets of Bitcoin, IDK what is.
Damn, that's wild... we are talking about 0.41772030 BTC in the weekly volume, someone is going big with it. And I personally think this is a really risky move because as we know, sometimes the testnet blockchain resets, from what i understand it has happened already 3 times, so, those who are buying as crazy could lose them all.
And the question is, why would someone want to have tons of tBTC?
Lots of developers looking not to beg or faucet with rented VPNs who have a small budget and then bill their clients... that's at least one type.
Bitcoin Testnet allows them to test a product on a network vs the other types of Bitcoin Testnet.
After they are done testing, they have more incentive to return them... Kind of like a quarter for a grocery cart at Aldi's.
Then the next round of folks buy.
I imagine there are some pretty large individuals testing huge systems that have more money than time... I honestly have no clue, but I do try to ask when I get the opportunity.
A better question is: Who are these people with these monster stashes and how long did it take them!!!!! Gawd, why?!
The whole market is wild. Sellers don't care, buyers don't care, and it rocks n rolls.
If Bitcoin Testnet updates, we will too, but I'm really not worried about that consider what small fries it is + how much it helps vs dev using some fucking meme token that this world has devolved to.