Fake Exchange Volume Undermines the Trust in Cryptocurrency Markets

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Wash-trading is a problem for cryptocurrency.  

Coindesk published an interesting interview with the co-founder of a company which, for $15k, will fake your exchange volume.  They basically create bots that trade tokens back and forth with each other for the illusion of significant trading volume.  This helps getting listed on CoinMarketCap and can lure investors into thinking the token is very active.

The good news is that many of the top market tracking sites (CoinMarketCap, CoinGecko, etc.) are now looking for wash trading activities and ranking the different exchanges accordingly.  Those who are playing with the numbers are at risk of being delisted.  That is a huge penalty in a competitive environment to attract and build a customer base.  This is a natural forcing function of a healthy market, pressure to discourage unethical practices.  

Combined with emerging regulations that establish rules and accountability, the window for these kinds of services is beginning to close.  Even those who are providing these services see that the end is coming. 



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A lot of exchanges are known for wash trading to grossly inflate their numbers.

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(Revived and Will be Revived, Sometimes To DownVoters' Readers, Voted and Related Accounts, For Freedom of Speech, Right for Writings to Survive, Right to Show both Pros and Cons.
언론의 자유와 글의 생존권, 찬반 양론이 모두 보여질 수 있는 권리를 위하여, 다운보팅 학살에서 재생되었고, 재생될 것이다. 가끔, 학살자들의 독자나 보팅자들, 관련계정들에게 제공된다.)

[Steem : For Freedom] Code Of Conduct : DownVote DownVoting-ManSlaughterers. List Update v.3.1.1 행동수칙 : 다운보팅 학살자를 다운보팅 하자.

( https://steemit.com/kr/@bewarecenterbase/steem-for-freedom-code-of-conduct-downvote-downvoting-manslaughterers-list-update-v-3-1-1 )
( https://staging.busy.org/@bewarecenterbase/steem-for-freedom-code-of-conduct-downvote-downvoting-manslaughterers-list-update-v-3-1-1 )
2019.10.02.Wed.15:32 (utc+9), by @BewareCenterBase,

==

For Freedom Of Speech,

_1. Let's Down-Vote DownVoting-ManSlaughterers.

The followings are known Content-Nazi
and Commie People's Court Bamboo Spear Red Guard Man-Slaughters

If you like, select anyone below and

DownVote Now and Anytime.

.

@oldstone =@slowwalker =@wisdomandjustice =@photoholic, (=@veronicalee ) : kr worst man-slaughterer.

@howo = @steempress : Content-Nazi by day, Commie Bamboo-Spear by night, All time Man-Slaughterer.

@patrice=@spaminator=@prowler=@mack-bot=@mack-botjr =@mack-fund : worst man-slaughterer, biggest enemy of Steem

@clayop : kr top witness, Commie Bamboo-Spear to the bones, disguised good writing advocate for his own hidden interests.

@ibc, @condeas, @linuxbot, @astrophoto.kevin, : German Content-Nazi,

@jacobtothe,

@smartsteem,
@smooth = @smooth.witness,

@corn113, @steemitlsh, @westport, @himapan, @eversloth : kr Commie Bamboo-spear.

@steemflagrewards and supporters of this dent of man-slaughterers :
@lukestokes.mhth, @yabapmatt, @themarkymark, @cervantes, @pjau, @pfunk,
@patrice, @guiltyparties

--

(You can be deListed

if you comment that you promise and keep that you won't downvote
Except strictly illegal writings such as plagiarism, copyright infringement, human/drug/weapons trafficking, kid porno etc.
Self-Vote is Fair Reward for investment and deligence.
Farming is Not Stealing, but
DownVote is robbery, bully, bamboo-spearing, man-slaughterering. )

_2. Remove From Witness Support and Down-Vote

@patrice, @themarkymark, are the worst witness to drop

@steempress, @smooth.witness,

@clayop : kr top witness, Commie Bamboo-Spear to the bones, disguised good writing advocate for his own hidden interests.

@clayop, @asbear, @ocd-witness, @ats-witness , @noblewitness=@sircork

--

Top Witnesses who are for Down-Vote-Pool HardForks.

@roelandp, @yabapmatt, @good-karma, @gtg, @blocktrades,

@themarkymark, @someguy123, @cervantes, @aggroed, @smooth.witness,

@therealwolf, @anyx, @ocd-witness, @timcliff, @ausbitbank,

@curie, @thecryptodrive, @followbtcnews, @clayop, @drakos,

@lukestokes.mhth, @jesta, @steempress, @xeldal, @emrebeyler,

@liondani, @riverhead, @actifit, @busy.witness, @bhuz,

And

_3. DownVote-Hide their comments,

which can make them self-voters and then downvoted by themselves among man-slaughterers.

_4. Write Much More, Even Copy and Paste, to Dry-Up DownVoting-ManSlaughterers' Power,

_5. Be Proud of Negative Reputation.

If your writing is automatically hidden, Show your writings to Man-Slaughterers' Readers or UpVoted Individually.

It's the Auto-Hidden Writers' Right, To show Writings individually.

Copy and Paste your Hidden Writings to Man-Sluaghterers' Every Posts, Comment, and Every Readers' or UpVoted's Writings, individually.

_6. Make Much More Accounts to Fight For Freedom.

_7. Automate Resistance Process.

Or At least Make it Easy, Just Spread Your Writings, Copy and Paste
until DownVote Function is Removed From Steem.

_8. Make Situations Complex, To Kill Man-Slaughtering Bots and Programmers.

Vary Self-Vote or Not, Voting %, Voting Time etc.

.

_9. Repeat Persistently As Above, if you love Steem

.

Or If you dislike battle field,

_10. Leave Steem and Never Look Back,

until you hear No-DownVote HardFork and Steem becomes peaceful place.
.

--

(This Writing is Copy-Left by @BewareCenterBase.

You can Copy-And-Paste anywhere in Steem
For Freedom of Speech and To Remove DownVote Function From Steem.
and to Make Steem Peaceful Place. )

==

Korean version. Latest List is at above.

[steem蟲:HF21] 남아썩는 다운보팅 파워로, 무엇을 다운보팅 할 것인가? [steem:HF21] What to Down-Vote with HF21 Down-Vote Power ?
( https://steemit.com/kr/@bewarecenterbase/2cbcn-steem-hf21-steem-hf21-what-to-down-vote-with-hf21-down-vote-power )
( https://staging.busy.org/@bewarecenterbase/2cbcn-steem-hf21-steem-hf21-what-to-down-vote-with-hf21-down-vote-power )
2019.08.28.수.08:45, by @BewareCenterBase,

Steem Hard Fork 21 ( 이하 HF21)
에서는
다운보팅 파워가 도입되어,

기존 HF20 이전에서
업보팅 파워를 소모하여 다운보팅 할 수 있도록 한 것에서,
다운보팅을 업보팅과 별도의 파워를 사용하여 할 수 있도록 하였다.

관련 글들은
이 글의 아래 목록에서 찾아 볼 수 있다.

20190828_hf21_whatToDownVote.png

https://steemd.com/@accountname
에서는
hf21 에서 도입된 다운보트 파워
잔량과 회복을
보팅 파워 와 마찬가지로
확인할수 있다.

자, 여기서 남는 문제.

남아서 섞어 나가는 다운보팅 파워를 어디에 쓸 것인가?

_1.

탈중앙 매체에서 불가피한 다운보팅의 원래 취지대로,
스팀 블록체인의 생존성을 위협하게될 수 있는,
저작권 위반 이나, 아동 포로노, 해킹, 스캠 피싱 등의 사기 유도 글
등을 다운보팅 하라
는 것일 것이다.

그런 글들이 보인다면, 다운보팅 하면 된다.
그러나, 그런 글들은 많지 않다.

_2.

그래도 남아서 썩어나가는 다운보팅 파워는
자뻑 정의감에서 남의 글을 다운보팅 학살하는
컨텐츠 나찌나 인민재판 공산 죽창
다운보팅 학살자들을 다운보팅 하면 된다고 본다.

이것은 다운보팅 전쟁을 촉발할 것이지만,
다운보팅 학살자들의 나쁜짓을 통제할 방법은
이 취지에 공감하는 사람들이
그 다운보팅 학살자들을 다운보팅 하는 것이
불가피한 선택으로 보인다.

다운보팅해야할 다운보팅 학살자들의 목록을 공표해 나갈 것이다.

일단은
@oldstone=@slowwalker=@wisdomandjustice

@patrice=@spaminator=@prowler=@mack-bot=@mack-botjr =@mack-fund

Witness to drop and to Down-vote :
@patrice, @themarkymark, are the worst witness to drop
@clayop, @asbear, @ocd-witness, @ats-witness , @noblewitness=@sircork

_3.

기술의 한계가 있으면 기술 개발과 노오오오력으로써
극복할 생각을 하지 않고,
다운보팅을 권장하여,
스팀 투자자 및 스팀 사용자들의 감정을 학살하여
스팀에서 쫓아내는 스팀 최악의 적들을 다운보팅 해야한다고 본다.

그들은
스팀 개발자들, 스팀 재단, 스팀잇 회사 관계자들,
다운보팅 풀 도입에 찬성한 스팀 증인들

목록은 갱신해 나갈 것이고,
일단 상위 30위 증인들 중에서 hf21 down-vote 를 지원하고 있는 29 명의 목록을 준다.

@roelandp, @yabapmatt, @good-karma, @gtg, @blocktrades,

@themarkymark, @someguy123, @cervantes, @aggroed, @smooth.witness,

@therealwolf, @anyx, @ocd-witness, @timcliff, @ausbitbank,

@curie, @thecryptodrive, @followbtcnews, @clayop, @drakos,

@lukestokes.mhth, @jesta, @steempress, @xeldal, @emrebeyler,

@liondani, @riverhead, @actifit, @busy.witness, @bhuz,

심심할 때, 무작위로 눌러서, 다운보팅의 맛을 보여주시라.

혹시 보복이 올 것이 두려운가?
자유와 언론의 자유는 그냥 얻어지지 않는다.

많은 피래미들이 벌떼처럼 다운보팅한다면,
고래 증인들도 대응 방법이 없을 것이고,
다운보팅 기능을 없애는 쪽으로 가게 될 것이다.

그래도 두려운가?
겁장이들은, 두려우면 빠지면 된다. ㅋㅋ

==

(This Writing is Copy-Left by @BewareCenterBase.

You can Copy-And-Paste anywhere in Steem
For Freedom of Speech and To Remove DownVote Function From Steem.
and to Make Steem Peaceful Place. )

==

Korean Verion. Latest List is above. 한글판, 최신 목록은 위에 있음.

--

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Expecting more expensive, sophisticated wash trading schemes that are smarter about detection then? But with regulations as long as they are eventually caught and held accountable I suppose that doesn't matter.

Posted using Partiko Android

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