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Basing it on the peak means they get punished in proportion to how much they pumped it, which makes sense to me. The drawdown/damage they caused includes both t
by philipov 7y ago
Basing it on the peak means they get punished in proportion to how much they pumped it, which makes sense to me. The drawdown/damage they caused includes both the dump and the pump.
- saalweachter 7y agoI think where it loses me is that they are basing it on the nominal "market capitalization" of cryptocurrencies, which as is usually brought up on HN, are sketchy as hell. I'm not sure what a better way to compute the "volume" of the manipulation would be, however.