sent this to the other list address, not sure where that goes, here it
is to this one
---------- Forwarded message ----------
From: Karl
Date: Fri, 22 Jan 2021 07:00:57 -0500
Subject: freeing crypto investment?
To: cpunks
just trying to spark a little dialogue
So you know, a cryptocurrency trading bot can make over _1%_return
_per_day_ on investment, trading on cryptocurrency exchanges. This is
because of political attacks on cryptocurrency markets preventing the
prices from stabilising.
it would be helpful to work with people of opposing politics on such
things, so we can become wealthy. personally, i have no income at
this time, and have spent my savings.
There are a number of issues one runs into when trying to maintain
such a bot, and a number of known solutions to such issues. It is
hard for me to type them.
i've run into issues trading cryptocurrency, and suspect private
machine learning algorithms and private organised communities are
artificially stimulating things to increase their profits or control
the markets.
i have seen trading behavior change in response to the introduction of
new bots and in response to their immediate behaviors, severely
reducing the effect of backtesting.
i have also seen exchanges go down for many months, and i have seen
falsified historical data, when a new kind of bot is introduced and
sustained.
One solution to these things is networks like the bitshares network,
which offers decentralised trading of other cryptocurrencies with a
cryptographic on-chain log. There is an existing bot for bitshares
called dexbot: https://github.com/Codaone/DEXBot . I believe funding
for dexbot has been cut due to a "political climate", I could be
wrong. i have also experienced falsification of bitshares web
frontends, so there's value to running your own node eventually.
it is hard to find a good bot to use. some are available for pay; as
an open-source developer, it is very frustrating to not be able to
easily fix bugs when encountered, a problem with for-pay closed-source
trading bots. open source trading bots tend to be very poorly
maintained.
one bot i've used a bit is this open source for-pay one from
catalonia: https://github.com/ctubio/Krypto-trading-bot .
unfortunatelyt, the backends to the actual exchanges are closed source
and you have to buy a license for each one. if you crack them, which
isn't hard, you'll have to change the network behavior so it doesn't
report your crack to the dev, who may change the license protection
algorithm in response, because he is struggling to use the profits to
defend the freedom of his oppressed friends. the interface to these
exchanges is public, but can change unlesss you work with the
developer to keep it stable.
there was some discussion around adding a bitshares backend to
Krypto-trading-bot. this has not been implemented, but I started
making an open-source one briefly back then. my work is linked at
https://github.com/ctubio/Krypto-trading-bot/issues/916#issuecomment-5140365...
.
Neither Krypto-trading-bot nor Dexbot (the two separate open source
trading bots each linked in paragraphs above) perform backtesting or
log history of their actions. These behaviors are important, because
you need to set specific parameters for the trading algorithms to tune
them to the crypto market, and to the current behavior of that market,
to get the >=1% average daily return. These can be set automatically
if accurate market and bot-action history is available.
=)
