Hacker News new | ask | show | jobs
by prepend 1413 days ago
The market cap of ethereum classic is $6B with $2B in daily transactions. [0]

Not as big as “real ethereum” but I wouldn’t say no one cares.

[0] https://coinmarketcap.com/currencies/ethereum-classic/

3 comments

ETC has been pumped lately by former eth miners. I know because I've participated in this scam as a miner. ETC is one of the more volatile top 50 "coins" or "cypto", constantly being pumped and dumped, there is nothing actively being "developed" for it and there never will be. Just read the associated forums if you don't believe me, it's a pump and dump. Simple as.

Yes I've profited and no I won't give it to charity.

My opinion will never change, it's all a scam for pump and dumps schemes. There will never be a killer app attached to crypto. NEVER.

I've only lost a few hundred dollars in crypto, so my knowledge is limited :P, but if fees went below 1.29%, it would be cheaper than Visa merchant fees. Plus, they usually have some POS equipment fee. If the fees reduced enough to "make sense" for merchants, would that be good enough? Is this even possible? Or would Visa and the like adjust their fees to stay competitive?
Market cap doesn't mean anything when it comes to cryptocurrency, especially when it comes to shitcoins.
33% of the market cap changing hands each day sounds incredibly high. How does that happen?
Morons buy, miners sell.
Wash trading.