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You can't rely on the self-reported volume figures from Chinese bitcoin exchanges. They are zero fee exchanges so it's very easy to inflate volume and there are
by oska 11y ago
You can't rely on the self-reported volume figures from Chinese bitcoin exchanges. They are zero fee exchanges so it's very easy to inflate volume and there are many indications that that is exactly what they do.
- mirimir 11y agoOK, thanks. I have heard that before, now that you say so. Are there any credible estimates of how inflated they are? Is there any way to check against the blockchain? Also, what's the incentive for inflating volume? Promotion?