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I could generate $4.17 trillion in trading volume with myself if the cost of a transaction is updating a row in a database. This statistic doesn't mean anything
by cowpig 3y ago
I could generate $4.17 trillion in trading volume with myself if the cost of a transaction is updating a row in a database. This statistic doesn't mean anything in isolation
- dymk 3y agoWell, to everybody else, trading volume means between different entities, so your loophole probably isn't all that relevant
- Detrytus 3y agoWhat if you own both entities? And you also own an exchange where the trading happens, so you give them both special Black Friday deal: 0 transaction cost for the next 12 months.
- Forgeties79 3y agoI don’t really mess with crypto anymore, but back when I did, literally every transaction I ever made was with myself. I literally never spent any on a good or service.
- artursapek 3y agoWhat you're describing is called wash trading.
- 1270018080 3y agoWhich was 99.9% of the NFT market. I wonder how much of it is the crypto market. Probably not much lower.