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Author Topic: Exchanges sell altcoins which doesn't exsist  (Read 209 times)
stomachgrowls
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March 30, 2021, 07:40:03 PM
 #21

Do you agree with this idea? Example: X coin has 100M max supply and there are 50M supply circulating on it's network. They sell 50M+ coins year by year to people who wants to buy it. Imagine a bank gives credit (more money than the bank has) to costumers.

Do you know on how exchangers work?

The way you do make out explanations about supplying a particular coin then its not really their coins at all unless if you do talk about exchange-made or dedicated coins then that would be understandable.
Then whats the issue about it? Among all of the coins that they do list out then they are just intermediary or middle man between buyers and sellers and they are just simply taking out
trading fees or commissions between those transactions.

Banks? those are typical stuffs but i dont see the point of comparison.Better read up everything about the basics on how exchange platform works.

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Findingnemo
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March 31, 2021, 08:02:57 AM
 #22

Do you agree with this idea? Example: X coin has 100M max supply and there are 50M supply circulating on it's network. They sell 50M+ coins year by year to people who wants to buy it. Imagine a bank gives credit (more money than the bank has) to costumers.

Exchanges don't sell the coins, only the holders doing it who bought it at presale or mined it. So the exchange is just a platform where buyers and sellers meet and make their trader orders when it matches the trade will be executed. But centralized projects can mint new coins and tokens from no where then inject it into the market that is why we need to invest on decentralized projects.

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whynotBTC (OP)
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April 03, 2021, 09:21:00 AM
 #23

Do you agree with this idea? Example: X coin has 100M max supply and there are 50M supply circulating on it's network. They sell 50M+ coins year by year to people who wants to buy it. Imagine a bank gives credit (more money than the bank has) to costumers.

Do you know on how exchangers work?

The way you do make out explanations about supplying a particular coin then its not really their coins at all unless if you do talk about exchange-made or dedicated coins then that would be understandable.
Then whats the issue about it? Among all of the coins that they do list out then they are just intermediary or middle man between buyers and sellers and they are just simply taking out
trading fees or commissions between those transactions.

Banks? those are typical stuffs but i dont see the point of comparison.Better read up everything about the basics on how exchange platform works.
Why you all trying to troll me? I'm not saying exchanges have the half of the supply! They confirm transactions off-chain right? Of course they will do it in that way but you can't see any information about the transaction right? Why you all are so comfy? They may be taking your Bitcoins and giving you numbers? There is no problem when you want to withdraw it until the everyone decide to do same thing.
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