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  • Beating the Bots: In Defense of Human Traders
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Beating the Bots: In Defense of Human Traders

cryptovert August 30, 2024 1 min read

Nevertheless,
trading
bots
are
growing
in
popularity.
A
radically
human-centered
approach
could
counter
them.
We
want
human
traders
to
post
their
predictions
in
an
on-chain,
verifiable,
way
so
that
others
can
cross-check
them
and,
if
they
wish,
follow
those
traders’
future
predictions.
Verifiability
is
key:
We
all
know
tales
of
dubious
influencers
leading
their
followers
astray
for
personal
gain.

That’s
where

SanR

comes
in:
Traders
can
use
the
platform
to
indicate
whether
they
believe
a
particular
token
is
moving
up
at
a
certain
price,
or
down.
These
predictions
are
recorded
as
NFTs
on-chain,
meaning
they
can’t
be
falsified
at
a
later
date
should
the
prediction
prove
inaccurate.
As
traders
make
their
calls,
the
number
of
accurate
and
inaccurate
predictions
pile
up,
revealing
the
proportion
of
each.
Other
users
can
then
review
this
data
in
assessing
each
traders’
predictive
powers,
while
remaining
confident
the
data
hasn’t
been
messed
with.

If
you
are
a
trader
with
great
predictive
powers,
why
would
you
share
this
with
others?
To
be
sure,
many
will
choose
not
to.
Others,
perhaps
starting
out
on
their
journey,
or
for
the
love
of
market
research,
will.
SanR
is
a
permissionless
platform
that
allows
anyone
to
publish
their
signals
in
a
transparent
way.

Continue Reading

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