Roger, Craig Wright are walking ghosts living in their own fantasy world. Bcash is a dead man walking.
And if the exchanges can wash trade a dead coin like BCash up to $1000+, just think what they are doing to the price of all the other shitcoins out there?
<<Shudder>>.
yes !!! of course they do ! the goal of wash trades is to increase the volume. it's can be dangerous to handle the price with wash trades, however you will experience that they remove their bidds as soon as your transfer to hit them is cleared.
still, this segwit and other lightning, I bet, will be used to censor and ban certain actors (think assange or more generally all the enemies of the globalists) txs. this is a real problem. bcash attempts to solve this fear.
Without wash trading, BTC would probably still be in double digits. Wash trading is the master of all crypto. Goxdollars were created because Karpeles tried to wash trade with willybot, but proved too incompetent for the scheme to last.
This is also one of the reasons why I find winklewii funny. They actually didn't know about all the wash trading going on in the market system. When they opened gemini, then they couldn't believe it that there is was no volume and they couldn't understand why. Was funny as hell.
what is the problem of wash trading? I never understood it from a fundamentalist market perspectives? who cares if an operator trade with himself all day long? you can in a safe market always over bid or under ask him and get "trade"...
interesting topic... why is wash trading illegal?
Wash trading is bad because it creates an illusion of false value. If funds will be directed to somewhere that doesn't have actual value to the economy, then everyone else in the economic will suffer except the perp. running the scheme.
With cryptos, it is especially bad, because it quickly escalates into making up goxdollars or tether. This twists the value of things even more and creates a ticking timebomb of reality to everyone involved.