Hacker News Reader

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

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

Though it’s not small amounts.

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

back this claim up.

wait you can't