We need efficient decentralised exchanges to prevent market manipulation by bots.
RE: Market Manipulation & Trading Bots
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Market Manipulation & Trading Bots
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We need to get the bots on Steemit under control first!
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For one, I am EXTREMELY surprised decentralized exchanges aren't more popular. I mean, WTF, with the negative history of centralized markets in mind and the fact that you run the risk of losing all your money on every centralized exchange you put money onto, what could possibly be more attractive than exchanges where you own your own keys? Why aren't they flourishing already?
Please someone explain
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Decentralised exchanges can't handle as many transactions/second as centralised ones at the moment.
Here is the CEO of Binance explaining his view of the company. He ultimately would want to become a DEx but as of right now it is not possible to manage the kind of volumes Binance deals with daily.
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Oh, I see! Darn it. Yeah, I imagined the problem was something like that. I'm not a programmer, neither am I up to speed about the technicalities behinds things like DEXs. I hope they solve it, and soon! Because we have the government climbing up our legs here.
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Yes, but please take a look at RadarRelay. I discovered it recently and it's absolutely brilliant: the concept of "modular exchange". Basically, everybody holds crypto in their hardware wallet and only the order matching is done centrally; with many alternative matchers possible. Then the actual exchange happens wallet to wallet directly!!!
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Interesting, I'll look at this exchange.
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BitShare DEX can handle all Binance's volume and more without problems...
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I'm all for decentralization but that's not necessarily the answer here.
What we need are exchanges that are open source and therefore publicly audit-able to prevent such blatant manipulation of the markets through shoddy engineering.
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I think halt trading is also needed and a variety of mechanisms for price discovery back in the day it was only mtgox which is why it was easier to manipulate
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I think robots can be manipulated to,
as they are made my human, and human behaviour is predictable to a certain point, until humans starting behaving in unpredictable way. There were many researches done, on human happiness and fear, and those two feelings mixing alot, when trading / investing / dealing with money.... Robots (bots) dont have any of feelings.
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Decentralized exchanges also allow API programming. I guess they can enforce stricter rules to prevent market manipulation... and mempool spamming.
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