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. =)
sent this to the other list address, not sure where that goes, here it is to this one ---------- Forwarded message ---------- From: Karl <gmkarl@gmail.com> Date: Fri, 22 Jan 2021 07:00:57 -0500 Subject: freeing crypto investment? To: cpunks <cypherpunks@cpunks.org> 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. =)
for people not familiar with investment, On 1/22/21, Karl <gmkarl@gmail.com> wrote:
So you know, a cryptocurrency trading bot can make over _1%_return _per_day_ on investment, trading on cryptocurrency exchanges. This is <snip> to get the >=1% average daily return. These can be set automatically
a 1% average daily return is the same as 3600% percent yearly return. $1000 turns into $10,000 in 8 months. the only explanation for such a situation is that people with a lot of power are messing with the markets.
don't know why this reply went to the other list url ---------- Forwarded message ---------- From: Karl <gmkarl@gmail.com> Date: Fri, 22 Jan 2021 07:09:20 -0500 Subject: Re: freeing crypto investment? To: cpunks <cypherpunks@cpunks.org> for people not familiar with investment, On 1/22/21, Karl <gmkarl@gmail.com> wrote:
So you know, a cryptocurrency trading bot can make over _1%_return _per_day_ on investment, trading on cryptocurrency exchanges. This is <snip> to get the >=1% average daily return. These can be set automatically
a 1% average daily return is the same as 3600% percent yearly return. $1000 turns into $10,000 in 8 months. the only explanation for such a situation is that people with a lot of power are messing with the markets.
On 2021-01-22 22:00, Karl wrote:
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.
The crypto currency exchanges are run by crooks and are full of crooks scamming crooks. (So was the Mortgage Backed Security Market) If you don't know who the pigeon is, you are the pigeon. As a very smart man recently posted, we need to replace the crypto currency exchanges with atomic transactions between blockchains.
-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 On 1/22/21, jamesd@echeque.com <jamesd@echeque.com> wrote:
On 2021-01-22 22:00, Karl wrote:
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.
<snip: karl mentioned some experiences that stimulate paranoia>
The crypto currency exchanges are run by crooks and are full of crooks scamming crooks. (So was the Mortgage Backed Security Market)
If you don't know who the pigeon is, you are the pigeon.
As a very smart man recently posted, we need to replace the crypto currency exchanges with atomic transactions between blockchains.
True. I have a feeling that somebody's implemented that already, but I don't know where to find it. I believe Ethereum does this, but only for on-chain currencies. I saw people discussing new ideas for doing things like this with any chain at all, around the time Qora died. I wasn't close to the community. It sounds like it's important when developing software, to be very clear and honest in the user interface, about the implications of what is going on. Having been through this shit myself, I find Bitshares sufficient. 1. We'd want to write code in a portable manner, so it can be migrated to other platforms when needed. 2. We could measure the relative trust of on-chain exchanges by verifying their price and liquidity relative to other, competing on-chain exchanges. 3. We could measure the overall safety of a given exchange by automatically verifying liquidity with it and the actual chains we are trading with. Merging this verification with actual withdrawals and deposits would deter malicious gaming of the test. 4. If no exchanges are trusted, we could run our own on-chain exchange. I might skip 2 and 3 for now and focus on researching using 4, for once there's an issue. Did you get the part of my e-mail, which you didn't quote, that mentioned bitshares? I sent a public key to Punk via a different channel. karl -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.22 (GNU/Linux) iQIcBAEBAgAGBQJgDBw/AAoJEKGYE0TAVusX0I0P/2Gn3Ub7bN1BN2Paxc9aLpUx a7a/5WL5+/SDqq6dI3YXLujCmcFk1nsUJE9IqPIWrLqY1XiVrxS/uA34IHVE7SMl pk85E1d1f2Kl3KHd/k73l5pdCy8f/Xz14S3ILkCKQzWKqM/d9Q+NTabbry71Q7WM y/s81JR1cQ1DuYDbJJ3viZ5p1VUWft5imLBhpLg5+6tI/fi6W+0QKUkaNwQGYK5S oIwTymlelsM4Wd5ZoY4l+e1lLLFKm2EEYO+3/f6yYzOaQoiWcpFHL4946yLzwtV0 tjgOgG0wfovZCeMWqdCCXNKE3DKZ23bmqBf7SWdHN3TfZ7FGWSTYx5LCjApCsO3A on2IGlBmc5NimDcqUBcf1D++rZ3+sYWY5V8wuYqTAkG6TQDr/JuvEG6TaIjY1uba jI5AXrLJv1MkexN/CKVcGa+vWJB6xgrfDG279mrJmbGUbcl+uHywuV5UwYewETsu lRz//xx4BVwAS4u5zF4/GfI4nxkX0plJAVhPu41DRNETjPSTcwgGjMvEoAJZaeJQ YSrxGZTAGO3iUWxwMKwmk8UzDsEdXNpWvRT568QKqYYyW0UFeMuVADdRazt9RbMC zw5mvwTdKUcPle3AH3taKWFILszT4VGnb7aeo+2xY3QPfFZIyZoOxkctB64CwqFD xeLihFXUs624aeA1BONl =kkV8 -----END PGP SIGNATURE-----
participants (2)
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jamesd＠echeque.com -
Karl