Warning Signs About Another Giant Bitcoin Exchange

Re:Warning Signs About Another Giant Bitcoin Exchange by cperciva on Tuesday November 21, 2017 @09:04PM (#15753611)

I don't have any reason to be suspicious beyond "they have been accused of this".

BTW the fact that GDAX has high fees doesn't mean it's expensive for them to create fictitious trades... they don't have to pay themselves fees!

[ Parent | on HN ]

Re:Warning Signs About Another Giant Bitcoin Exchange by mrb on Tuesday November 21, 2017 @09:18PM (#15753680)

I don't believe GDAX is creating fictitious trades. As I said they are the most law-abiding/professional. Plus they have 30,000 new users signing up everyday, so they certainly don't need to pretend they are successful.

Besides, I personally day-trade an average daily volume of ~$200k on GDAX's BTC/USD pair. And I am just one small fish. Imagine about a thousand other persons like me and it would easily explain their $250M daily volume...

[ Parent | on HN ]

Re:Warning Signs About Another Giant Bitcoin Exchange by philfrasty on Wednesday November 22, 2017 @03:01AM (#15755122)

Jeeeez you wrote hdminer in 2010...that is... being suuuuuper early in BTC! Congrats on sticking with it all the time! (Just realized I read that Whitepixel article on your blog a while back, awesome content!)

[ Parent | on HN ]