dangerously curious bitcoins

Some things you find on GitHub are more interesting and frightening than others.

This one is both and some more. What is it you ask?

R2 Bitcoin Arbitrager is an automatic arbitrage trading application targeting Bitcoin exchanges.

So it’s buying and selling Bitcoins. And it’s doing this on different markets.
On the topic of arbitrage Wikipedia has something to say:

In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices at which the unit is traded.

For example, an arbitrage opportunity is present when there is the opportunity to instantaneously buy something for a low price and sell it for a higher price.

https://en.wikipedia.org/wiki/Arbitrage

Now this already is the second version of the tool and already 2 years old. See it as some sort of interesting archeological specimem. Please refrain to actually so something harmful with it.

I am writing this down here because apart from it’s obvious horrors this is a good starting point to understand how these computer-trading-systems do work in principle.

Given that an architectural drawing is also included it gives all sorts of starting points to thoughts.

Also. What could possibly go wrong if a tool to buy/sell on actual markets with actual bitcoins is confident enough to include the “maxTargetProfit” configuration option. Effectively setting the top-line of profit you’re going to make!!!111

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