Re:Project Atlas
by MrEldritch on Monday October 01, 2018 @08:45AM
(#18112047)
I wouldn't say "greatest scam the world has seen"; that's really selling the grand history of scams short. TRON may have been profitable, but it was not terribly clever or high-effort; the crypto-speculation space was just abnormally high in unreasonably-enthusiastic suckers.
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Fair enough, but TRON created $14B out of thin air.
"$14B" on paper - but the real value of what could be extracted from market sells would be immensely less.
Those numbers are based on the market spot price, and not the order book support from real world buyers. Cryptocoin exchanges are mostly bots and the order books are mostly loaded with spoofed bids that are pulled away once real buyers and sellers start pushing one way or the other, hence the volatility.