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Blackbird: Bitcoin arbitrage

(github.com)
298 points vega_empire | 3 comments | 23 Dec 17 12:39 UTC | HN request time: 0.001s | source
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thisisit ◴[23 Dec 17 15:49 UTC] No.15994579[source]▶
For people wondering, does it work? Short answer. No.

Long answer - The biggest flaw lies in the "advantages" section:

Unlike other Bitcoin arbitrage systems, Blackbird doesn't sell but actually short sells Bitcoin on the short exchange

The problem is only Bitfinex allows short selling. So, the example is an excellent case of cherry picking.

There are other issues with their strategy too.

replies(5): >>15994619 #>>15994834 #>>15995070 #>>15995902 #>>15996124 #
1. NelsonMinar ◴[23 Dec 17 17:13 UTC] No.15995070[source]▶
I'm still trying to get over the idea of advertising software like this with code for two exchanges (Kraken, EXMO) marked "untested". Perhaps it is not ready for public release yet.
replies(1): >>15995647 #
2. thefreeman ◴[23 Dec 17 19:00 UTC] No.15995647[source]▶
who said the creator is the one who posted this
replies(1): >>15997353 #
3. chii ◴[24 Dec 17 01:22 UTC] No.15997353[source]▶
it doesn't have to be the creator posting for this to be advertising.