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So you think there's zero chance of collusion between exchanges as well? Isn't there some evidence that bots are currently active on major exchanges? I keep hea

So you think there's zero chance of collusion between exchanges as well? Isn't there some evidence that bots are currently active on major exchanges? I keep hearing about suspicious activity on Bitfenix... aren't they one of the largest exchanges? > The chance of the same illegal manipulation happening at very high profiles exchanges like Coinbase/GDAX or Gemini who are VC-funded and run by respectable executives is very low. Yeah, I don't expect this to be occurring at US companies who presumably could be prosecuted for fraud. But what about other companies that are based in countries with less regulation (or with regulators that could be paid to look the other way)?

mrb 9y ago
The Bitcoin market cap grew from $1 billion in 2013 to $65 billion today. The larger it gets and the more exchanges exist, the more difficult it becomes to control/cheat the price with a fraudulent bot like MtGox did. You seem to be confusing legitimate bots (written by traders to use an exchange's API) with the MtGox fraudulent bot (which was using fake dollars injected in the trading engine by Karpeles). These are 2 very different things. Of course legitimate bots exist, but I don't believe that any big exchange today (including Bitfinex) runs fraudulent bots capitalized with fake money.