It is VERY clear that Veritaseum is being trading back and forth and exploiting the lack of order matching on Etherdelta to paint fake numbers (both 1) volume and 2) price). It's pretty gross.
http://veritas.veritaseum.com/index.php
"Veritaseum enables software-driven P2P capital markets without brokerages, banks or traditional exchanges"
Their website barely makes sense...it's the most blatant market manipulation I've seen and the token has no economic value.
Agreed. This is as scammy of a coin as it gets. I'm glad @crypt0 correctly referred to it as a shit coin.
I do think when Veritas finally ends up on a big exchange, it'll come crashing down because of actual real volume.
Yea, but where is the border between coin and shit-coin?
Lol. The border is shit
LOL...not sure where the border is, but this one is on another planet.
As usually, market will decide.
How much would one have to pay in transaction costs to do that? I do totally agree on it looking like complete price manipulation by its creator and/or some big holders.
Not much at all, probably one hundred dollars per day at most.
@lukeadams
benjaminadams, writing "@lukeadams", you summoned the info service of @qed:
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Hope that helps. Take care!
Thank you for this critical information.