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You don't lose your money — you may lose the arbitrage opportunity or free lunch you think you spotted.
by lazzlazzlazz 6y ago
You don't lose your money — you may lose the arbitrage opportunity or free lunch you think you spotted.
- marcus_holmes 6y agoThis is the bit I didn't get about the article. How could the original owner of the $12K get their money out without getting pwned by the same bots?
- pstrateman 6y agoThey can't.
- marcus_holmes 6y agoSo, assuming the original person in TFA had some kind of authentic claim on the money, why are they not losing it according to GP?
- detaro 6y agoThey (by accident) put the money in a spot where anyone can claim it. Arguably, that's where they lost it, OP just tried to recover it without someone else noticing "ohh, there's free money there" and failed. (that's not a very satisfying answer, but pretty much seems to be the logic behind those things)
- marcus_holmes 6y agoThanks for the explanation :) So not so much that they lost it from malicious activity, more by accident.
- iSnow 6y agoYes the original cause was human error, and some robot just pounced once it saw the opportunity.