BG
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On this platform, discussing bg is not very easy.
Isn't it essentially about trading bots encountering bugs? So the question arises, do market-making bots count as participants in this game? If they do, then why roll back? Normal order opening, normal position closing, normal profit acquisition; the market's fluctuations are not caused by me, yet if there’s a game, it just freezes and rolls back? Is there no vision in this? No wonder they can't compete with Binance.
If market-making bots are not considered participants in the game, then who do I lose to? The opposing side? There is no opposing side; market-making bots could also be seen as my opposing side.
Only allowed to lose, not to win?
Another thing is, with so much trading volume, I know exchanges are all data-driven; of course, I still hope they are not just data-driven. After the FTX collapse, every exchange has adopted a reserve fund model, which is a good thing. However, doing things this way with bg makes it hard to guarantee that incidents like FTX won't happen again. Will there be a run on liquidity leading to another collapse?
Last time they even kicked a man when he was down with hype; they are genuinely trading with real money, but how much of that hundred billion trading volume is just air?
I hope the crypto world gets better and better, and I don't want outsiders to mention the crypto world and have their first reaction be that it's a casino.
#BG #Cex
Isn't it essentially about trading bots encountering bugs? So the question arises, do market-making bots count as participants in this game? If they do, then why roll back? Normal order opening, normal position closing, normal profit acquisition; the market's fluctuations are not caused by me, yet if there’s a game, it just freezes and rolls back? Is there no vision in this? No wonder they can't compete with Binance.
If market-making bots are not considered participants in the game, then who do I lose to? The opposing side? There is no opposing side; market-making bots could also be seen as my opposing side.
Only allowed to lose, not to win?
Another thing is, with so much trading volume, I know exchanges are all data-driven; of course, I still hope they are not just data-driven. After the FTX collapse, every exchange has adopted a reserve fund model, which is a good thing. However, doing things this way with bg makes it hard to guarantee that incidents like FTX won't happen again. Will there be a run on liquidity leading to another collapse?
Last time they even kicked a man when he was down with hype; they are genuinely trading with real money, but how much of that hundred billion trading volume is just air?
I hope the crypto world gets better and better, and I don't want outsiders to mention the crypto world and have their first reaction be that it's a casino.
#BG #Cex
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