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The store of value is a myth, as the value requires buyers on the markets. The unregulated exchanges are able to act in fractional reserve as they're not requi
by nosuchthing 9y ago
The store of value is a myth, as the value requires buyers on the markets.
The unregulated exchanges are able to act in fractional reserve as they're not required to audit their deposits. The exchanges are also able, and have been wash trading, front running, and spoofing orders, creating a false sense of volume and activity.
https://i.imgur.com/ZwQ63OE.png https://i.imgur.com/ZwQ63OE.png
Transaction volume took a cliff dive once Chinese regulators forced exchanges to charge per transaction.
Bitcoins are produced for a nominal value, it's not magic or limited in supply, it's reproducible software. The same service is offered by many other blockchain networks.