On: MakerDAO’s “DAI” stablecoin is breaking, as predic...

[ves]

I mean presumably if you’re “tricking the arb bots” you’ve just found some additional arb of your own, which should make the market more efficient, and apparently in this case (I don’t know if this is correct, but this is the claim made by TFA), drive the price towards dollar parity because of this thing’s built in incentives. Or the arb isn’t from dollar parity mismatch but from the bots themselves, in which case it doesn’t matter to the market because it was dumb and you made it go away.

[erikpukinskis → ves]

> if you’re “tricking the arb bots” you’ve just found some additional arb of your own, which should make the market more efficient

Do these assertions really hold?

1) That if you are able to make money on a market your presence makes that market more efficient

2) That tricking the arb bots into losing their money means you take it

? The Parity hack wasn’t a money-making endeavor, it just burned the cash.