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Transaction fees prevent this sort of behavior. Better to learn than to bash...
by uLogMicheal 3y ago
Transaction fees prevent this sort of behavior. Better to learn than to bash...
- pavlov 3y agoAnd who collects the transaction fees? The same people who benefit from the illusion of trading volume. It’s a rigged game around the world’s worst stored procedure database presented as some sort of magical truth machine.
- xk_id 3y agoYou’re awfully convinced about something you can provide 0 evidence for.
- uLogMicheal 3y agoThis is my first time seeing the claim that the miners run the decentralized and centralized exchanges across all blockchains...
- bryceneal 2y agoNot only network transaction fees but slippage, front-running, LP fees. I'm not saying that wash trading doesn't occur in DeFi, but Uniswap would be one of the more inefficient places to do it. So which is more likely? 1. Uniswap Labs, a Delaware C Corp based in NYC, is risking everything to burn millions or billions of dollars in order to place fake trades and bolster volume numbers. 2. Uniswap, the top on-chain exchange on Ethereum (a network where the primary use-case is creating and trading assets, and which has an ecosystem market cap of something like $800B) has over the course of over 5.5 years, done $2T in all-time volume (~1 billion / day on average)? Occam's razor says 2.