4 ms·
Volume spoofing? Big players like Ver making it look less lonely to entice people over since transaction fees are so low right now that they can afford to pay t
by RandomInteger4 9y ago
Volume spoofing? Big players like Ver making it look less lonely to entice people over since transaction fees are so low right now that they can afford to pay them for the sake of spoofing volume.
Similar to how Jihan and friends spammed (currently spamming?) Bitcoin with empty blocks to take advantage of a weird loophole for the sake of the block mining reward and to increase the mempool volume to raise fees to miners.
- 0x4f3759df 9y agoSo volume spoofing is you and me sending 100 BCH back and forth, but its undetectable because we're smart enough to use a different address each time...
- RandomInteger4 9y agoSomething like that. Was mostly speculation (ba dum, tisch!), but thinking about it further, it seems like the transaction fee is too high for it being high volumes of individual transactions. Looking up the number of transactions on BCH, it seems like the volume per transaction must be much higher to get this overall volume, because the number of transactions is an order of magnitude smaller than bitcoin (~10%) [1] [1] https://bitinfocharts.com/comparison/transactions-btc-bch.html#3m https://bitinfocharts.com/comparison/transactions-btc-bch.ht...