. It’s not always bad, as it provides liquidity to the market, but if it’s being done to a single trader, it’s not cool.
The debate around the ethical implications of bots on blockchain has been gaining traction lately. In one particular case, a guy realized someone was running a bot to copy his trades and he managed to outsmart the bot and stop it from copying his moves. This sparked a discussion about the ethical implications of bots on blockchain.
On one hand, bots can be annoying and it can be difficult for traders to stop them from copying their moves since the blockchain is transparent. On the other hand, tricking the bot in this case deters other people who plan to run bots to copy trades. This could potentially be a good thing as it reduces the number of bots on the blockchain.
Ethereum has both its pros and cons when it comes to blockchain and related information can be found in the collapsed comments below. However, this particular case seems slightly fishy. It is hard to believe someone had 1.5 mil and thought they should just copy some guy’s trades. Unless of course, that human is in the US Congress, then it could be a good strategy.
Bots are helpful in providing liquidity to the market, but when they are used to front run a single trader, it’s not cool. It will be interesting to see if the bot owner will ask for his money back or not.