zedicus is there a way that we can take advantage of those bots ? like playing the same game as they are ?
I dunno, its an embarrassment to our eco-system.. I was thinking about something along the lines of what you were but i dunno if two wrongs make a right!
We need to public make an uproar over this! The bots needs to be filtered out and if they want to play than they must pay as an example no regular trader does 50-75 trades in say and hour! Its just not gonna happen..or not likely! But a bot will do so easy with micro trades that clog the exchanges!
So if they want to manipulate the market with their bots than makem pay .. 50 max trades an hour or
$100 fee there after and for every 50 more!! (
all bots abusing the system would vanish) Unless its the banks with endless fiat $.
Regular bot owner can still leverage the api and automate their trading strategy!Mtgox or any other exchange wont do anything
unless we pressure them! They make an absurd amount of $ from the mass panics so they love it. The association with the price and the lag is not something people are imagining ..
Deal with the bots and the lag goes away! Plain and simple! But they wont
admit to that let alone take action because they profit insanely from it!!
If all else fails i guess we can get an army of bots and just flood the system so that nobody can make trades but the bots !
Thereby forcing them to take action! But their response would be to upgrade servers and more ssd's because they are swimming in money and dont want to see the bots go!
The bots could belong to members of this forum, or banks, government, people who run or advocate competing digital currency's or outside partys with interests beyond the scope of this conversation.
Either way its a huge blind spot on bitcoin and i dont know how many more crashhes and fud campaigns our infant mutant currency cant take. But we have a mutant freakshow currency thats kicking arse and taking names later so if you think people are gunning for us now.. you havent seen anything yet!
Bitcoin is still an infant and they are scared to death of it .. so there is alot at play and alot at risk. If we can get people to stop fixating on the price per coin for a quick sec and address this stuff the coming days would be momentous!
At the minimum we need a continuous dialog about these bots publicly and raise awareness! Big time!