Conceptualize what's happening...
one guy has a bot that he's sleeping in.. it will buy at one price and sell at another based on a preset margin. It doesn't place "limit orders" it places "market orders".
Another guy... much wiser... has realized that by placing limit orders on the books will
1) entice this other bot to buy and sell at ever decreasing margins
2) EARN "maker" fees for the winner
3) Leave the loser to wake up not just to the fees associated w/ buying and selling 100 or 200 BTCs... but 50,000 BTC worth of fees.
Someone is going to wake up so F'ed its not funny...
And someone else is going to be swimming in a BANK of maker fees.
awww SNAP!!!
Some has just had
over 100 BTC drained to nothing
in market order fees in less than 2 hours because they slept in a market order bot... and someone else exploited that bot w/ a limit order bot.
I would tend to agree. Would make perfect sense.