upvote
A quick Google seems to point into another direction: https://crypto.news/moneros-50-price-pump-likely-tied-to-330...
reply
yes (of course) .. It's fascinating how always people love to jump to conspiration theories .. If it were a cyberattack (and so far it isn't proven at all), it would be nothing less than a state sponsored cyber attack to be able to get down the electrical grid from 2 EU countries - and obviously no "reward" such as crypto would be involved behind the scene
reply
Please refrain to call it a conspiracy when it is a valid hypothesis with valid facts.

It is common to use Monero as reward for specific groups performing cyberattacks. Please inform yourself on the topics and reflect afterwards on what was written.

reply
Please read carefully what you linked. It claims theft without a victim being identified. There is no victim and there is zero evidence of being stolen coins.
reply
Related talk in Berlin 5 months ago detailing how to shutdown energy grids using only radio waves: https://media.ccc.de/v/38c3-blinkencity-radio-controlling-st...
reply
Not really relevant, but the talk was in Hamburg
reply
yes really relevant/related, as that talk also mentions that a sub-1 Hz variation of the nominal 50 Hz is already enough to cause blackouts - which is also the case for the current blackout: https://x.com/Nexuist/status/191687508022891747

the talk discusses further aspects of the European energy grid which are relevant for the current situation.

reply
Precisely, the similarity is awfully coincident.
reply
Thank you for the correction.
reply
I remember the talk and thought about it when I saw the news.

No conspiracy or whatever, just thinking about the complex system which is also vulnerable for some parts.

reply
> The used radio protocols Versacom and Semagyr, which carry time and control signals, are partially proprietary but completely unencrypted and unauthenticated, leaving the door open for abuse.

You don't think the omission of encryption and lack of authentication imply a criminal absence of due diligence.

I guess some huge contracts are in the offing fix those necessary features which should have been built-n in the first instance.

reply
How do we know there was a huge purchase? Monero can't be tracked.
reply
Because to buy that much monero so fast is only possible with bitcoin, which is traceable by governments and interested parties.

An estimated 305 million USD of monero were purchased this morning before the grid shutdown. That was a +50% increase on the monero price, something that never happened before in the last 11 years of the coin.

Quite a record. Quite a coincidence.

reply
How do we know there was a huge purchase? Monero can't be tracked.
reply
... You can see trading volume on the markets though, if it was bought with something like BTC

https://coinmarketcap.com/currencies/monero/

reply
Thank you!
reply
How do you think this has to do with Spain though?
reply