I'm not sure I understand your criticism. The USD is used to buy BTC. The BTC is... | Hacker News

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_iswk on Feb 27, 2021 | parent | context | favorite | on: $38M USD moved for half a penny

I'm not sure I understand your criticism. The USD is used to buy BTC. The BTC is then sold for EUR. There's no Forex trade, not directly at least.

robjan on Feb 27, 2021 [–]

If x EUR is worth y USD, any discount results in someone losing money or taking on Forex risk through some derivative product. It doesn't matter which settlement layer is used.

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