businesses that accept Bitcoin from one person and send it to another (or back to the same person) are money transmitters, and are not exempt from money transmission regulation simply because they do not deal in fiat currency.
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
or... I create 1 million coins(shit coin x), I sell 1 coin for $1... now my coin has a 1 million dollar market cap, because in theory, I could sell the rest of the coins for a dollar each as well.
This is what's actually happening with 11,000 shit coins.
Boomers annoy me cause they spent the last 40 years building the state that is currently trying to kill everyone, and they still don't understand that there entire lives have been a delusional manufactured reality. Moon landing in 1969?!?, OK BOOMER!!
based on very little... I would guess that the ratio would have to be over 30% more profit to justify the extra swaps that they are probably doing to sell to fiat. Not a lot of bsv to fiat pairs still. I have to go thru btc to get to CAD, fucking sucks!
it's got to be the liquidity, are miners struggling to covert large amounts of fresh BSV into their native currencies? For me it's difficult, so I could see them preferring to mine something that's easier to sell as the power bills never stop coming.