I'm constsntly amused by the lack of technical understanding on HN when it comes to cryptocurrencies. That article says 95% of trading volume is fake. This is absolutely different from on chain transactions, 100% of which are real.
No I get it but the sum total of transactions, real and fake determine the exchange rate between real money and crypto. If the fake volume had no impact at all, why on earth do you think they’re doing it? For their health? Fun? Cmon now.
