[overthrow]

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3942181

> For example, illegal transactions, scams and gambling together make up less than 3% of volume.

[VWWHFSfQ]

the other 97% is bots sending small amounts of bitcoins back and forth to each other for no reason whatsoever

[trogdor]

In fairness, that kind of thing arguably happens with stocks as well, though algorithmic trading.

Though it’s not small amounts.

[eru]

Though they do have reasons. But the 'bots' in Bitcoin probably have too. After all, there are transaction costs.

[Psychoshy_bc1q]

back this claim up.

wait you can't