Post
Topic
Board Altcoin Discussion
Re: Banxshare scam.. Fake market cap coinmarket
by
EvilDave
on 18/06/2015, 18:52:00 UTC
Just for a laugh, decided to run the numbers.

Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours.
CMC shows 62 BTC / $15,500:
http://coinmarketcap.com/currencies/banxshares/#markets

Er....anyone got a sane explanation ?


How about most of them are HODLers in the underlying asset so they can get a piece of its profits instead of a piece of its appreciation?  Such assets don't trade that much, especially if they belong to private shareholders of a real company.

Again, expand your thinking about the kinds of things transparent ledger technology is good for.


That doesn't make any sense, Stan, and isn't even on-topic.

The point is : CMC shows $15,000 traded in 24 hours on Banx.io, but Banx.io shows slightly over $3000 traded in the same period.
Cynical people (like myself) would assume that this is some form of market manipulation, but I'm open to other explanations.