[wildmanx]

> But yes, once you do all of that...it actually is a money printing machine that will never end as long as markets have volatility.

And despite this being inherent in the DeFi world, people still believe that such systems are better than fiat money?

[downandout]

They are in the sense that they level the playing field. People wouldn't give me millions of dollars to do arbitrage in real life, but I can borrow $200 million from a smart contract without issues if I find a profitable opportunity with it. That is game changing.

That said, there are still challenges. Last week, for 6 hours, there was $1 billion up for grabs [1]. Nobody noticed it except for one person, who only took $13.5 million. But bots are coming that will spot these things instantly....I have one under development that would have caught it.

[1] https://twitter.com/0xngmi/status/1524891992429318144?s=20&t...

[quanto]

On a tangent, what distinguishes a successful bot from a poor bot? For many of the arbs, the logic is simple to imitate. I understand there is some infrastructure engineering (having servers close to some node) involved, but besides that, it seems a level field in terms of money and tech.