Indeed.
And also, after 50 exchanges, liquidity is non existent. How many "exchanges" are there?


You have to clink either internal link


or go here for further info, but don't expect to see the algo
https://support.coinmarketcap.com/hc/en-us/articles/360035679972-Liquidity

I think it's a good move for a number of reasons, which I outline in a similar thread that I started yesterday.

https://bitcointalk.org/index.php?topic=5202098.0

This topic has been moved to Trading Discussion.

https://bitcointalk.org/index.php?topic=5202098

Like a lot of people, I've long been frustrated by the obviously fantastical volume figures reported by crypto exchanges and passed on by the aggregator sites like CoinMarketCap.
There are many reasons why these incredibly exaggerated figures are harmful to the crypto environment, not least that of general credibility.
Wash trading has become the norm, listing fees are based on lies and investors/traders are deceived into using "bucket shops" with all the risks involved in that.
So, for me anyway, it was high time CMC as market leader got their act together and provided more than the reported/adjusted volume stopgap.
And they seem to have done it, in the shape of the recently deployed Liquidity Metric.


I find this particularly encouraging


The top exchanges by liquidity now look like this



and some back of the envelop math totals the liquidity of the top 50 Exchanges ~$342m today.(outside the top 53 exchanges, I have more liquidity in my back pocket).

My question for you is: How does that sound in relation to a total market cap of ~$234bn and a 24hr volume of ~$58bn?
What inferences, if any, can be drawn regarding the large differences in liquidity/volume ratios in exchanges listed that image above?
And, of course, how can it be gamed?

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Self moderated for sig spam deletion.

Thanks for that, I knew they were promising something along those lines but, tbh I stopped looking at CMC out of disgust a couple of weeks ago.
First reaction (o/t, nothing to do with P2PB2B) is a total liquidity ~$342,000,000 plays a market cap of $234,229,860,214 and, even more ludicrously a claimed 24hr volume of  $57,485,495,658.
How broken is that?

Edit: Hey stompix, have another merit for motivating me to post this: https://bitcointalk.org/index.php?topic=5202098.0  

Hahaha.

Looking at your post history, you appear to have lost money in two schemes and your response to that is making variations on the above post for over a year.
Crypto doesn't work like that.

This type of deflection is called "Whataboutism".
If someone is a liar and a thief, then they are a liar and a thief. It makes no difference if they choose to operate in a field occupied by other liars and thieves.

https://beta.companieshouse.gov.uk/company/11903886

Although we are having a laugh about this obvious scam it pains me, as a UK citizen, to see how Companies House still allow all details of limited company registration to be self certified by the applicant. i.e. they don't check anything.
In this case it is particularly absurd as the registered address for BullShitFinance is immediately recognizable as fake


There are no London postcodes that start with M, that is for Manchester.(The Manchester postcode of M3 3RN is no longer in use.)
Also, the superficially impressive capital of £500,000 is completely fake and unchecked by the authorities.
The lesson here is:
Limited Company registration in London is in no way an indication of legitimacy.

Maybe BS stands for bullshit?

Why have you deleted this post from the Tradeplus thread?
What else are you hiding/trying to hide?

Hurry up guys, the bus will be arriving shortly.

Some of the biggest crooks in the world work in the Private Equity field.
 
Public/Private Partnerships (as he seems to be proposing for KeepWarm) are licenses to print money for unscrupulous capital providers.

 

Hardly shocking.
If the team want to remain anonymous that's their choice.
Their stated reason is:
which you may consider plausible or suspicious, that's your choice.
Potential investors may take it as a negative factor when they do their due dilligence. Once again, that's their choice.
So many choices.
Mine will be to completely ignore the whole project.

Very true, it happens every day, which is why it is important should you feel a project is a scam, to give clear reasoning and not just rhetoric.
With regard to the one you post about my initial reactions are
1) the bounty program looks fairly well organized and they avoid my pet hate of using a fictitious $ value for it.
2) does the world really need another Ethereum fork?

As has been said, the current NY court case is about the innocence or guilt of Mark Scott, a fairly establishment lawyer who left the large Locke Lord law firm in order to facilitate the laundering of Onecoin funds and become fat(ter) and richer.
His defense tactics seem to be to show that
1) Scott didn't know Onecoin was a scam
2) Konstantin is an unreliable witness (because of his plea deal, he's just saying anything to prove his cooperation)

Pursuant to 1), the tactic also appears to include "Innocence by Association", the theory being that if an ex-U.S. President's brother was happy to deal with Onecoin then surely it must be legit, or reasonable for Scott to assume its legitimacy.
In a world where the current U.S. President can been seen as a career and serial fraudster this might seem to be grasping at straws.
However, it must be born in mind that this is a jury trial in the U.S. where the Bush name may still retain some respect and trust.


THE MADAGASCAR OIL DEAL

This goes right back to the 2014 origins of Onecoin in Bigcoin. Like in most MLM frauds, the main promoters (uplines) of Bigcoin operated under an umbrella entity, in this case called Prosper Inc.
In order to give Bigcoins some sort of utility (a free market in them was out of the question) Ruja came up with the idea of the “CryptoReal Investment Trust”


Bigcoin fell apart soon after, morphed temporarily into BNA, which also crashed, but the core scammers had learnt a lot and duly started Onecoin.
The CrytoReal Investment Trust gathered dust for a couple of years, then was dragged out by Ruja to be the vehicle for the purchase of "Madagascar Area 3112 Oil and Gas Field" for $60million, plus an unspecified amount of Onecoin (reported unverifiably as a token one Onecoin).

Ruja's rationale was


In reality, whether there was one Onecoin or one million Onecoin attached to the deal, the laundering of $60m of stolen money was the real motive behind this.
And from whom did Onecoin buy this natural resource? Enter Neil Bush, Dr. Hui Chi Ming and Hoifu Energy.

(As an aside here, when we take for granted the machinations of Multi national companies and the ways in which they operate, we forget the sometimes catastrophic effect they have on people unlucky enough to live on top of or in proximity to mineral wealth. Here's a story of a Madagascan who got chewed up and spat out by 'one of China and Madagascar’s most powerful mining billionaires.')

Neil Bush has been Executive Deputy Chairman of Hoifu for seven years (exactly, today), for which he gets paid $240k a year.
He holds many of these sinecure type positions and has extensive "contacts" (thanks to his family) thru out Asia. Wherever there's a dollar (or a million) to be made, there's a Neil Bush waiting to add "respectability".
Neil Bush has also been a completely entitled asshole and waste of space his entire life.

What's my point?
The lawyer of a lawyer accused of facilitating thieves and embezzlers points to a pond life plutocrat offspring as an example of financial probity.

Edit:
Subsequent more detailed reporting from behind a paywall and summarized in Bitcoinist




Well, he wasn't alone in not being able to sell Onecoin....

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Many quotes and references taken from the excellent https://behindmlm.com.
Specific references :
https://behindmlm.com/companies/onecoin/bigcoin-bna-the-original-onecoin-ponzi-points/
http://www.innercitypress.com/sdny28onecoinignatovcrim111419.html
https://www.hoifuenergy.com/eintro.html
https://www.scribd.com/document/434747259/On-OneCoin-Cooperator-Konstantin-Ignatov-s-Plea-Agreement-for-5K1-letter
https://en.wikipedia.org/wiki/Neil_Bush#cite_note-WP-12-28-03-4
https://in.reuters.com/finance/stocks/officer-profile/0007.HK/2316596

What do you hope to gain here by continuing this absurd ritual?

And so, what?
Your reputation here is irretrievably damaged by your own actions, irrespective of who is on DT, or this flag.
Move on.

There is no other way to describe your behavior. What do you hope to gain here by continuing this absurd ritual? Give it up and move on.

Hopefully, this will be the beginning of the end for this long running scam.


https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2019/meldung_191111_Karatbit_Foundation_en.html