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> However, my partner, a real-life HFT guy comfortable with generating millions of dollars in returns with sub-bps opportunities, began salivating. I couldn't

> However, my partner, a real-life HFT guy comfortable with generating millions of dollars in returns with sub-bps opportunities, began salivating. I couldn't roll my eyes faster.. Oh why did I continue reading.. > our most recent bot required substantial modifications to the validator software, constructing and evaluating a graph of thousands of tokens, math accurate to 18 decimal places, and robust reliability and error catching, all written in super optimized Rust code. This genuinely almost reads like a parody. My BS-o-meter is through the roof!

latency-guy2 3y ago
> This genuinely almost reads like a parody. My BS-o-meter is through the roof! Can you explain why? Nothing really jumps out at me as being total nonsense. A lot of things are handwavey, but for obvious reasons such as not revealing the money printer. The man is not hiding who he is either, so it could be a troll post, but from looking at other things, doesn't seem likely. Math generally looks good, and is similar to things I learned decades ago in chaos theory and stochastic processes, especially the comment/proof towards the middle. I have never been a professional trader, but I am familiar with a lot of the jargon, generally translates well to crypto.
laborcontract 3y ago
Clearly the guy isn’t going to open source his work so there’s going to be a great deal of hand waving but are you just unfamiliar with this area of work, because there’s nothing eye roll worthy in what I read.
smabie 3y ago
People like you is why trading opportunities continue to exist
costco 3y ago
I believe it. On Ethereum for instance before lots of competition came whoever was behind this address made literally hundreds of thousands of dollars a day in 2021 doing atomic arbitrage. You can see this graph of their balance here: the declines are due to them withdrawing money from the contract. https://etherscan.io/address/0x0000000000007f150bd6f54c40a34d7c3d5e9f56#analytics https://etherscan.io/address/0x0000000000007f150bd6f54c40a34...

latency-guy2 3y ago

> This genuinely almost reads like a parody. My BS-o-meter is through the roof! Can you explain why? Nothing really jumps out at me as being total nonsense. A lot of things are handwavey, but for obvious reasons such as not revealing the money printer. The man is not hiding who he is either, so it could be a troll post, but from looking at other things, doesn't seem likely. Math generally looks good, and is similar to things I learned decades ago in chaos theory and stochastic processes, especially the comment/proof towards the middle. I have never been a professional trader, but I am familiar with a lot of the jargon, generally translates well to crypto.

laborcontract 3y ago

Clearly the guy isn’t going to open source his work so there’s going to be a great deal of hand waving but are you just unfamiliar with this area of work, because there’s nothing eye roll worthy in what I read.

smabie 3y ago

People like you is why trading opportunities continue to exist

costco 3y ago

I believe it. On Ethereum for instance before lots of competition came whoever was behind this address made literally hundreds of thousands of dollars a day in 2021 doing atomic arbitrage. You can see this graph of their balance here: the declines are due to them withdrawing money from the contract. https://etherscan.io/address/0x0000000000007f150bd6f54c40a34d7c3d5e9f56#analytics https://etherscan.io/address/0x0000000000007f150bd6f54c40a34...