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Blackbird: Bitcoin arbitrage

(github.com)
298 points vega_empire | 2 comments | 23 Dec 17 12:39 UTC | HN request time: 0.487s | source
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overcast ◴[23 Dec 17 15:31 UTC] No.15994492[source]▶
I will tell you that any working piece of code that allows someone to make money, is not public. Use this if you want to inevitably lose money.
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kristiandupont ◴[23 Dec 17 15:48 UTC] No.15994570[source]▶
That seems like a silly statement to me. Obviously, huge amounts of code that "allows someone to make money" is available publicly, for some definition of "making money" or other. I am guessing your statement is specifically directed towards code that is meant for trading markets and referring to the efficient market hypothesis. That may or may not be true but I think it would suit you to at least back up such a claim, especially when it comes to crypto currencies which are obviously a very immature asset class.
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1. overcast ◴[23 Dec 17 15:55 UTC] No.15994622[source]▶
You know what I meant.

Why would anyone release a market algorithm that was proven to make money? And if they did, by virtue of everyone jumping on to use it, would no longer work.

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2. TillE ◴[23 Dec 17 18:49 UTC] No.15995588[source]▶
> Why would anyone release a market algorithm that was proven to make money?

People do weird stuff all the time. Plus, you'd need a lot of capital to exploit this fully. The basic concept of arbitrage here seems reasonable to me.

> And if they did, by virtue of everyone jumping on to use it, would no longer work.

Yeah probably. But you'd be able to observe that when all the market prices converge.