TheWolf666



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Full MemberActivity: 506Merit: 140Author & Prog of Franc / Prog of Kryptofranc How to fight the BOTS (and win) August 30, 2017, 05:14:31 AM

Last edit: August 30, 2017, 12:05:30 PM by TheWolf666 #1 In the Altcoin most high volume coins are powered by bots.

The owner of the coin setup a bot that will buy and sell its own coins, doing volume at low cost.

This tactic will insure that any purchase of coins will be his own coins, and he can pump the coin alone, living the investors with no choice than selling lower than him and loose, because of the difference between the buy and sell walls.



You can identify these bot by selling a small amount lower than the highest bet in the sell wall.

For example if the highest seller is at 0.0055, place a sell at 0.0050, then you will immediately see a bet at 0.0049.

That's because the bot won't let you sell your tokens, he has millions of tokens (owners can mint at infinity) and want all the money for him.



You can hack the bot by doing the following tactic.



Put a buy order (small, like 1.56 for example) above the highest buy in the buy wall.

For example the highest buy is 0.00042 and the highest sell is 0.0055. You want to sell at 0.0050.



Place a buy at 0.00048 for example and wait.

It is a matter of time until the bot will adjust. It is not programmed to buy anything else than his own coins, so unless a dude come and buy, the Bot will not buy your bet.



The Bot will readjust for example at 0.0049.

Then place a buy at 0.0051 (always lower than the selling wall).



The Bot will think, damn, this is too close. Then you will see all the sell wall changing to higher values, like 0.0058+

And the Bot will readjust the buy wall to 0.0052



Now place a buy at 0.0054, wait.

The bot will readjust at 0.0055: SELL MARKET PRICE!



You manipulated the bot to buy at your own price.



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cnx-set



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NewbieActivity: 16Merit: 0 Re: How to fight the BOTS (and win) August 30, 2017, 05:28:23 AM #3 I love this post couldn't you use the method to get more altcoins for cheap? You buy a small quantity of the coin then force the bot to go down in price as much as possible and then buy your desired quantity of that coin?

TheWolf666



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Full MemberActivity: 506Merit: 140Author & Prog of Franc / Prog of Kryptofranc Re: How to fight the BOTS (and win) August 30, 2017, 05:36:15 AM #4 Quote from: cnx-set on August 30, 2017, 05:28:23 AM I love this post couldn't you use the method to get more altcoins for cheap? You buy a small quantity of the coin then force the bot to go down in price as much as possible and then buy your desired quantity of that coin?



I only use this method when there is no transaction like right now, you want to sell your coins and you cannot because the bots are asphyxiating the market.

Of course in a rally or in a dump, bots are out of the trade. But many time these small coins have no transactions apart from the bots.

That's when you can play. I am not sure if it can be suitable to make profit, I haven't tried. But what I am sure is that it saved my but when I wanted to sell a dirty coin and no one would buy.



Giving it back to the owner though his bot, is elegant.



I only use this method when there is no transaction like right now, you want to sell your coins and you cannot because the bots are asphyxiating the market.Of course in a rally or in a dump, bots are out of the trade. But many time these small coins have no transactions apart from the bots.That's when you can play. I am not sure if it can be suitable to make profit, I haven't tried. But what I am sure is that it saved my but when I wanted to sell a dirty coin and no one would buy.Giving it back to the owner though his bot, is elegant.

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TheWolf666



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Full MemberActivity: 506Merit: 140Author & Prog of Franc / Prog of Kryptofranc Re: How to fight the BOTS (and win) August 30, 2017, 09:17:12 AM #11 I think that I will do a website that will monitor how botted the coins are, so that people can make a choice which coin to trade and avoid the scams.



The idea is to scan ETH transactions and see what addresses are doing the most transactions, then calculate the % of the volume made by bots.



If <25% it will be yellow

If <50% it will be orange

if >=75% it will be red.



Details like what addresses are using bots will be available.



I might do 2 versions, one free but limited and one $10 / month to compensate for the work and service.

I have no doubt that such a service will be DDOS by angry owners/ token holders, so the $10 is justified, the hosting and security must be top notch.



What do you think?

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greyworld



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Full MemberActivity: 168Merit: 100 Re: How to fight the BOTS (and win) August 30, 2017, 09:30:57 AM #12 Quote from: TheWolf666 on August 30, 2017, 09:17:12 AM I think that I will do a website that will monitor how botted the coins are, so that people can make a choice which coin to trade and avoid the scams.



The idea is to scan ETH transactions and see what addresses are doing the most transactions, then calculate the % of the volume made by bots.



If <25% it will be yellow

If <50% it will be orange

if >=75% it will be red.



Details like what addresses are using bots will be available.



I might do 2 versions, one free but limited and one $10 / month to compensate for the work and service.

I have no doubt that such a service will be DDOS by angry owners/ token holders, so the $10 is justified, the hosting and security must be top notch.



What do you think?



I just made a suggestion to Bittrex staff on their support about identifying orders that come from bots and they were somewhere between dismissive and hostile about it in response.



"It's not a problem", "It's unavoidable", "No one cares", "It would be too expensive to fix"



All BS. The reality is it's too profitable for them to stop. Bots make them money, and they don't care if long term it's slow death for the coins and scamming their customers.



So I think your idea of addressing it independently is a step in the right direction. Good luck, I look forward to any results you may come up with. I just made a suggestion to Bittrex staff on their support about identifying orders that come from bots and they were somewhere between dismissive and hostile about it in response."It's not a problem", "It's unavoidable", "No one cares", "It would be too expensive to fix"All BS. The reality is it's too profitable for them to stop. Bots make them money, and they don't care if long term it's slow death for the coins and scamming their customers.So I think your idea of addressing it independently is a step in the right direction. Good luck, I look forward to any results you may come up with.

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TheWolf666



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Full MemberActivity: 506Merit: 140Author & Prog of Franc / Prog of Kryptofranc Re: How to fight the BOTS (and win) August 30, 2017, 09:58:21 AM #13 Quote from: greyworld on August 30, 2017, 09:30:57 AM Quote from: TheWolf666 on August 30, 2017, 09:17:12 AM I think that I will do a website that will monitor how botted the coins are, so that people can make a choice which coin to trade and avoid the scams.



The idea is to scan ETH transactions and see what addresses are doing the most transactions, then calculate the % of the volume made by bots.



If <25% it will be yellow

If <50% it will be orange

if >=75% it will be red.



Details like what addresses are using bots will be available.



I might do 2 versions, one free but limited and one $10 / month to compensate for the work and service.

I have no doubt that such a service will be DDOS by angry owners/ token holders, so the $10 is justified, the hosting and security must be top notch.



What do you think?



I just made a suggestion to Bittrex staff on their support about identifying orders that come from bots and they were somewhere between dismissive and hostile about it in response.



"It's not a problem", "It's unavoidable", "No one cares", "It would be too expensive to fix"



All BS. The reality is it's too profitable for them to stop. Bots make them money, and they don't care if long term it's slow death for the coins and scamming their customers.



So I think your idea of addressing it independently is a step in the right direction. Good luck, I look forward to any results you may come up with.

I just made a suggestion to Bittrex staff on their support about identifying orders that come from bots and they were somewhere between dismissive and hostile about it in response."It's not a problem", "It's unavoidable", "No one cares", "It would be too expensive to fix"All BS. The reality is it's too profitable for them to stop. Bots make them money, and they don't care if long term it's slow death for the coins and scamming their customers.So I think your idea of addressing it independently is a step in the right direction. Good luck, I look forward to any results you may come up with.

We came to the same conclusion, I agree 100%, I am quite sure that botting is making good cash for both Exchanges and fat tokens owner at the expense of the traders.

This need to changes or Altcoins will become a dead zone where nobody will come to trade.



I have several projects to improve this, with an ERC30 standard that would store all the transactions inside the contract, making transparent what is happening in the exchanges, and also could limit the number of transactions per day per address.

I am doing a mini exchange that can be added in any website for the coin owners who cannot be listed in the Exchanges since it seems that they are only taking coins that are profitable (based on our conclusion), then ICO could be launched with its own mini local exchange that will work transparently because using the ERC30 new standard.



See, I am busy. We came to the same conclusion, I agree 100%, I am quite sure that botting is making good cash for both Exchanges and fat tokens owner at the expense of the traders.This need to changes or Altcoins will become a dead zone where nobody will come to trade.I have several projects to improve this, with an ERC30 standard that would store all the transactions inside the contract, making transparent what is happening in the exchanges, and also could limit the number of transactions per day per address.I am doing a mini exchange that can be added in any website for the coin owners who cannot be listed in the Exchanges since it seems that they are only taking coins that are profitable (based on our conclusion), then ICO could be launched with its own mini local exchange that will work transparently because using the ERC30 new standard.See, I am busy.

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greyworld



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Full MemberActivity: 168Merit: 100 Re: How to fight the BOTS (and win) August 30, 2017, 10:47:00 AM #15 Quote from: TheWolf666 on August 30, 2017, 09:58:21 AM We came to the same conclusion, I agree 100%, I am quite sure that botting is making good cash for both Exchanges and fat tokens owner at the expense of the traders.

This need to changes or Altcoins will become a dead zone where nobody will come to trade.



I have several projects to improve this, with an ERC30 standard that would store all the transactions inside the contract, making transparent what is happening in the exchanges, and also could limit the number of transactions per day per address.

I am doing a mini exchange that can be added in any website for the coin owners who cannot be listed in the Exchanges since it seems that they are only taking coins that are profitable (based on our conclusion), then ICO could be launched with its own mini local exchange that will work transparently because using the ERC30 new standard.



See, I am busy.



This is great news I'm so glad to hear someone is tackling this problem head on. I program a lot in a bunch of languages, maybe I could be of some help? Let me know if so.



Are you keeping this under wraps? I guess not if you'd talk about it in the forum publicly. One of the bot makers I was discussing this with earlier today basically said "you can't do anything about it, accept it, no one else cares" etc. It would be nice to show that other options do exist, or will soon, people very clearly do care (it's their hard earned money after all), and if they don't take action to correct the problem now, they could find themselves way too far behind the curve to ever do so by the time they realize it's inevitable.



Good luck! I look forward to progress updates on this, please let us know how it's going. This is great news I'm so glad to hear someone is tackling this problem head on. I program a lot in a bunch of languages, maybe I could be of some help? Let me know if so.Are you keeping this under wraps? I guess not if you'd talk about it in the forum publicly. One of the bot makers I was discussing this with earlier today basically said "you can't do anything about it, accept it, no one else cares" etc. It would be nice to show that other options do exist, or will soon, people very clearly do care (it's their hard earned money after all), and if they don't take action to correct the problem now, they could find themselves way too far behind the curve to ever do so by the time they realize it's inevitable.Good luck! I look forward to progress updates on this, please let us know how it's going.

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¯¯¯¯¯¯¯¯¯¯¯¯¯¯ `·.,¸¸,' ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ',¸¸,.·´ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ '¸ __ ¸* * ·¸ ____ ¸**· ¸ ______________________ ¸ ·**¸ ____ ¸· * *¸ __ ¸'. `·.,¸¸,.' .´ . . . '.,¸¸,.·´ .¯¯¯¯¯¯¯¯¯¯¯¯¯¯ `·.,¸¸,' ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ',¸¸,.·´ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯