Anyone writing about arbitrage in the tone of "free money found!" can and should be discounted. Arbitrage doesn't create value, so its profit is always taken o

Anyone writing about arbitrage in the tone of "free money found!" can and should be discounted. Arbitrage doesn't create value, so its profit is always taken out of someone else's hide. Always, always, always. If you think you've found it, you need to explain why the people you're fleecing haven't seen the same thing you have, and why they won't act to interrupt you as soon as you start the process. The people seeing an easy profit for the DAO have failed at both of those tasks, apparently failing to understand that they would be engaging in illiquid currency speculation and moreover that they would be doing so publicly, open to price manipulation. Outside of this guy (https://www.bloomberg.com/view/articles/2015-02-27/arbitrage-discovered https://www.bloomberg.com/view/articles/2015-02-27/arbitrage...), people claiming open-ended 'arbitrage' really aren't suited to investment.