I noticed in one of the Open Ledger trading areas that bots (automated buying/selling tool) are appearing.
Does anyone know if it is possible to create counterfeit currency whereby a bot could then sell them at a lower price than everyone else and mess up the market of that currency?
The bots in particular I am looking at are demo.btsbots, yao-bots, wildman-tradebot, zdbz, etc.. trading lots of different cryptocurrencies.
What do you think guys?
thanks
I don't think that trading bots are anything new....but there have been numerous alternative cryptocurrency chains that have been designed specifically to "pump and dump." I don't know if they could be considered "counterfeit" in the strictest definition of the word but things like that do happen....However, the wonderful thing about the blockchain technologies is that they specifically remove the possibility of counterfeiting....Once a network is secured, the ledger is boss.