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RE: Crush the Bid: Rethinking bidding bots
I love where you're coming from, i never saw bidding bots as futures contracts before but that's exactly what they are.
I didn't realise it but i myself have been shorting STEEM against the steem dollar by participating in the bid-bot anarchy - mind, it has been paying off superbly as of recent.
I hope bid-bots do get more regulation though because shit could go south when steem/steemD stop pumping or a regulatory body finds out.
I've been cutting down on my use of bidding bots lately, maybe 3-4 per post instead of 10-12...
It's playing with fire, though, isn't it?