OKCoin faking transactions?

[TheWoodser]

Just reading.....

http://www.ibtimes.co.uk/chinese-bitcoin-exchange-accused-faking-trade-data-1430122

[1714785011]

1714785011

[BitCoinMiner01]

I had often wondered if Satoshi Dice was creating their own transactions in order to shift the odds in their favor, yet make the payouts appear statistically better.  I don't see why OKcoin couldn't be engaging in similar behavior.  But I will say this, the Free Market doesn't take kindly to cheaters once exposed.  Decentralized exchanges will soon solve this problem if it is in fact happening.

[LiteCoinGuy]

yep 

[TheWoodser]

I had often wondered if Satoshi Dice was creating their own transactions in order to shift the odds in their favor, yet make the payouts appear statistically better.  I don't see why OKcoin couldn't be engaging in similar behavior.  But I will say this, the Free Market doesn't take kindly to cheaters once exposed.  Decentralized exchanges will soon solve this problem if it is in fact happening.

I agree....

Anytime in a free market, people are taking advantage, they are quickly ousted and their business dissolves.....

[joesmoe2012]

I've always found the exchanges in china to have strange volumes. Originally people speculated that the numbers were artificially inflated due to bots making all sorts of barely profitable trades (because of the 0% trade fee promotions that were going on), but I don't think this is the case any longer.