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Global Financial Crisis 2.0: Ripple might save the day


x5977
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@Tripple Yeah! Cool observation! Weird how human patterns are affecting the market.

Or is it? Might be the start of an AI attack...

Read from cnbc's report that the sudden "flash crash" felt was without any fundamental reasons... It just "happened"...

https://www.cnbc.com/2018/02/05/why-the-stock-market-plunged-today.html

Financial markets used as Economic Warfare..?

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9 minutes ago, x5977 said:

@Tripple Yeah! Cool observation! Weird how human patterns are affecting the market.

Or is it? Might be the start of an AI attack...

Read from cnbc's report that the sudden "flash crash" felt was without any fundamental reasons... It just "happened"...

https://www.cnbc.com/2018/02/05/why-the-stock-market-plunged-today.html

Financial markets used as Economic Warfare..?

To me it would seem clear to ban bots from trading in all markets - crypto, stocks, FX etc.

It's just so simple. It almost goes against human nature when making a transaction (Duh, of course it does).

Bots favor the rich and capable, they can short-circuit natural market movements and influence investor sentiment.

I don't get why exchanges pull their pants down, bend over and build API's to allow this to happen. (Oh, besides them selling their grandmothers' soul to make a quick buck on trade frequency).

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20 minutes ago, FunkyGiraffe said:

To me it would seem clear to ban bots from trading in all markets - crypto, stocks, FX etc.

It's just so simple. It almost goes against human nature when making a transaction (Duh, of course it does).

Bots favor the rich and capable, they can short-circuit natural market movements and influence investor sentiment.

I don't get why exchanges pull their pants down, bend over and build API's to allow this to happen. (Oh, besides them selling their grandmothers' soul to make a quick buck on trade frequency).

Agree on bots should be banned. But as far as I understood it, it is totally prevalent in the market as bots used as a tool to gain a quick buck on the ebb and flow of normal market movements, thereby artificially manipulating it to further own gains...

Scarier scenario is that if bots are used as a "weaponized" tool/ consolidated attack by certain state/s ( Russia, North Korea, etc.?) that aims and/or causes financial markets so out of whack thereby triggering a worldwide collapse, exploding world debts, starting a chain reaction, starting a new Global Financial Crisis 2.0 and causing hyperinflation and worldwide unrest...

It looks like Nuclear Weapons are becoming obsolete as a WMD...

I sound like a Conspiracy Theorist!

So... Added some links...

https://www.google.com.ph/amp/s/www.express.co.uk/news/world/913712/North-Korea-latest-Kim-Jong-un-cyber-attack-elite-hackers-trained-in-China/amp

https://www.google.com.ph/amp/s/qz.com/983186/global-hacking-attack-has-russia-and-korea-paying-out-bitcoin/amp/

http://www.computerweekly.com/news/450426775/Nation-state-actors-responsible-for-most-cyber-attacks

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