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This is so obviously the creators of that game making fake transactions to establish fake value in their product. It's not hard to send 100k to yourself for som
by searealist 9y ago
This is so obviously the creators of that game making fake transactions to establish fake value in their product. It's not hard to send 100k to yourself for something that has no value to make people believe that it does.
- cryptodogemoon 9y agoIt's called wash trading, and it's what's allowed Bitfinex to falsify trade volume and increase the spot price like MTGox did with the wiley bot. https://medium.com/@bitfinexed/latest https://medium.com/@bitfinexed/latest
- dete 9y agoThere's no way to prove it, but all the members of our team have pledged not to trade in cats in any way. We are definitely not manipulating the price. I can assure you that we're as surprised as anyone at the speed that this thing has grown!
- searealist 9y agoWell if you can't trust a Director of Blockchain, who can you trust?
- Jonovono 9y agoSo all 1500 users (500 online now) and all the comments on this subreddit are just faked by axiom zen? https://www.reddit.com/r/CryptoKitties/ https://www.reddit.com/r/CryptoKitties/ Okay...
- frakr 9y agoOnly a small number actually have to be faked to build momentum and FOMO. Greed is very powerful and seems to bear a lot of influence on those participating in crypto.
- mrep 9y agoI could definitely see that. Rumor is a lot of ICO's do something similar in that they buy their own coin's with another coin like bitcoin which then goes right back into your wallet so you can buy more with it creating the illusion of tons of demand when you are really just cycling the same money through.