Re:Blackbird: Bitcoin arbitrage
by cdolan on Saturday December 23, 2017 @10:26AM
(#15994466)
@JulienHamilton (author at bottom of page), why would you share this with others? If arbitrage exists, there is not benefit to you allowing others to profit, as it eats into your profit. So what’s the reasoning behind releasing this?
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Re:Blackbird: Bitcoin arbitrage
by MaxfordAndSons on Saturday December 23, 2017 @03:21PM
(#15996080)
You're right in theory, but that's only really a risk if it actually works, which this doesn't.
Also, if the author is interested in increasing market efficiency, but not in exposing themselves to the risk of being caught in a halfway position when an exchange breaks, it makes sense to release as FOSS. The target users would then be the exchanges themselves.
Re:Blackbird: Bitcoin arbitrage
by dropstickle on Saturday December 23, 2017 @11:43AM
(#15994891)
It might be to force the market to become more effective.
Re:Blackbird: Bitcoin arbitrage
by ReverseCold on Saturday December 23, 2017 @10:33AM
(#15994499)
It exists, but this specific piece of software doesn't have great exchange support (at least when I last checked). So the method works (somewhat, not 100% foolproof) - but not with the linked software.