If the bot was released open source on github, and could run from Ubuntu, I'd be interested.
If the bot was even hard coded to give a 1% donation from all profitable trades to a hardcoded BTS user, I'd even leave that in there to support the developers myself. Of course anyone could take that out, but if I get 99% profit from using the bot, I'd use it.
Don't bother trying to donate from the profit. That's a whole huge can of worms. Profit is NOT easy to calculate from a MM bot - AND, Bitshares does a horrible job of reporting / P&L anyway (for now), as you can't export your trade histories more than a few blocks back.
Coming from a seasoned market maker, I encourage you not to code in any donations based on profit. The whole point of BitShares is that you wouldn't need to anyway - that's what the Bitshares funding mechanism is for (worker).
In any case, BitShares desperately needs more liquidity. It would be cool if this helped the average user participate in market making - love this movement! Nice work!
Bot shouldn't focus too much on profit at first. Just make a way for noobs to add buy and sell walls with X% difference from feed price. More advanced techniques can come later easily.
I absolutely agree with you, especially as profits are really hard to calculate. Like if you trade in the EOS:STEEM market, which one of them to calculate profits in? Or should profits be calculated in some third asset? Profit compared to what, just holding? Over what time period? In addition the value of an asset is hypothetical until it is converted, so all comparisons and supposed profits are also hypothetical. So you are very right about this.
But I really think market making is probably profitable statistically. With a smart market making strategy you are more likely to profit than to loose. You need to choose the assets wisely - to avoid ending up with a bag of worthless assets. Then you need to estimate short term volatility and the price range you think the price will likely stay within long-term. After that you can very likely make a profit.
The possibility - even probability - of a profit will be the main reason for many people to use the bot in the first place, and I would like to tap into that source of motivation, so that as many users as possible would join the force and provide the added value to the network. I would also like the people deciding the fate of the WP (voters) to see the incredible power of this possibility - but without giving any empty promises. By collectively investing a few thousand dollars BitShares would have something incredibly appealing. It could bring thousands of new users, and activate passive observers. I just don't know how to communicate this effectively without people getting a knee-jerk reaction that it sounds like a scam.
Topic: Upcoming WP for creating easy to use liquidity bots. Feedback please! (Read 15174 times)
