As much as I don't want to expediate the process of popping the crypto bubble, here is another instance of what I see that can have serious repercussions.
Enter CryptoBridge, a decentralized exchange based on Bitshares. Recently there has been a trading bot called DEXbot, made for automated trading on the Bitshares Decentralized Exchange. Cryptobridge is looking for developers to fork the bot for their gains --- I mean, "Market maker program."
Automated Trading Bots can destroy the crypto craze.
Think about it, you acquire this awesome bot and it trades for you, so you can make money on the free market without having to work.
Now think about what I just said -- making money without work. Imagine what'll happen when thousands of people start running this program to generate free BTC or literally any crypto on the exchange. Those that get in early may reap some gains, however this is the exact same issue as Steem's votebot problem -- automatically getting more Steem/money for just putting some into the system. Free currency tends to destroy the value of that currency, no matter if there's a max supply.
Look out when people start to tell each other "Look at all of this free LTC I got by running a free bot that I found online." Investing experts like Warren Buffet and ex-PayPal CEO that have seen bubbles pop have the experience to see that we're running on thinning ice.
Share and discuss below.
Questioning more? Let's talk about Charlie Lee, the founder of Litecoin.
Also feel free to see why I no longer trust cryptocurrencies.