This is a million percent some kind of money laundering thing

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11 points

:WASH TRADE:

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The one thing I’ve learned from NFTs is wash trades

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24 points

Is that when person A gives person B Etherium for them to buy an NFT for outrageous sums of money in order to promote NFTs?

IMO money laundering is also a huge possibility.

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40 points

Yes but there’s no need for a person B, person A only needs to exchange ETH between wallets and the Blockchain can’t tell the difference

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16 points

:agony-shivering:

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17 points

wash trades

Thanks. I didn’t know the term.

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35 points
*

If I was a crypto scam guy, i would buy a bunch of cheap nfts, then buy one for 23 million dollars if some other crypto scam guys agreed to buy a few of mine for a total of 23 million dollars

Oh look none of us spent any money but now a bunch of the worlds biggest losers want to invest

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24 points

That’s more or less what they do.

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17 points

That’s exactly what is going on.

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31 points

Why yes officer I did spend millions of dollars on this image, the cases of ammunition and heroin was simply a gift

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Literally what buying weed in DC is like

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28 points

It’s gonna turn out 70% of our GDP gains this year were NFTs.

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11 points

:econony:

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