Re:Bypassing Gmail's spam filters with ChatGPT
by astrange on Sunday January 22, 2023 @09:52PM
(#34484893)
Letting bots make all the trading decisions is actually a good way to die due to adverse selection.
https://fortune.com/2022/06/02/zillow-6-billion-home-flippin...
> Humans who trade among the bots get fleeced and don't even know it.
Anyone who trades gets fleeced unless they know what price impact is. Don't trade, invest.
The real sea change will come, though, when bot swarms control capital. For example, amassed for doing spam tasks. That capital can be deployed in a variety of ways, but the point is that corporations and networks will prefer bots because they generate more social capital, in coordinated ways, and also amass more financial capital than humans.
If you think this is far fetched, IT ALREADY HAPPENED on wall street and hedge funds. Bots have replaced people in trading and control the capital. Humans who trade among the bots get fleeced and don't even know it.