Just curious why someone would open source a project like this?
If it works, it should be making money consistenly, but giving away the system will make the arbitrage opportunity non-existant if enough people use it.
If it works, it should be making money consistenly, but giving away the system will make the arbitrage opportunity non-existant if enough people use it.
Perhaps as more people use it, the demand for bitcoins go up also, and since limited supply the price goes up. And he might have substantial holdings of bitcoin he wants to sell. More people trying to find arbitrage opportunities makes it easier to sell his bitcoin which are now higher value.
Anyone wanting more mainstream adoption of bitcoin would do well to promote arbitrage trading to as many as possible.