11–20 of 348 posts
Insider trading should just be legal and fine. I mean politicians do it every day so I don’t see why normal people shouldn’t be allowed to. Or make it actually illegal not just “legal if you have enough resources”
Modern society would collapse if insider trading was legal. It would about as well as making bribery legal.
Why wouldn't they? The risk of getting caught is virtually zero if you do it right and even if you get caught you get a slap on the wrist and a fine at best. It's just pathetic that for a company which so hard tries to legitimize crypto they have issues like this over and over again. The inherent nature of a "get rich quick" ecosystem where the incentives to pull all kinds of shady and illegal actions are too high an…
In the world of cryptocurrency, even the wrist slap isn't a given. To me, cryptocurrency has been a very cool social experiment in what pure unregulated free market capitalism would work like in practice. Supposedly in place of regulations, companies would live on reputation and trustworthy business practices. If you use poisonous lead in your soup cans, people will stop buying your soup when word gets out, no need t…
I genuinely can't think of a good (ie moral) reason to support the idea given how it is predicted to, and has been shown to, play out.
The big-brain move would be to identify the wallets that must be trading on “insider” info, and copy their trades?
Why wouldn't they? The risk of getting caught is virtually zero if you do it right and even if you get caught you get a slap on the wrist and a fine at best. It's just pathetic that for a company which so hard tries to legitimize crypto they have issues like this over and over again. The inherent nature of a "get rich quick" ecosystem where the incentives to pull all kinds of shady and illegal actions are too high an…
Other markets like commodities and real estate have gotten along perfectly fine without any insider trading laws.
Unsurprising as I said before [0], after what happened with OpenSea [1], Internet Computer [2] and now ApeCoin [3], you get this. This is how they pump and dump on retail over again. Rinse and repeat. [0] https://news.ycombinator.com/item?id=30725449 [1] https://www.cnbc.com/2021/09/15/opensea-insider-trading-rumo... [2] https://startupsandecon.substack.com/p/you-dont-own-web3-a-c... [3] https://www.financemagnates.c…
I honestly think you'd be hard pressed to find a crypto business that isn't rooted in some kind of scam, greater fool scheme, pyramid scheme, or the like. The whole industry is a mess.
This comment comes across utterly unserious.
Insider trading should just be legal and fine. I mean politicians do it every day so I don’t see why normal people shouldn’t be allowed to. Or make it actually illegal not just “legal if you have enough resources”
Modern society would collapse if insider trading was legal. It would about as well as making bribery legal.
There's no insider trading laws in commodities or real estate, have those markets collapsed?
Is this insider trading according to the law? Nonpublic information isn't being used to trade public stocks; it's being used to trade assets that don't appear to be regulated securities.
Insider trading should just be legal and fine. I mean politicians do it every day so I don’t see why normal people shouldn’t be allowed to. Or make it actually illegal not just “legal if you have enough resources”
This is a hilariously misinformed take, indicative of reading news in a bubble. The cryptosphere benefits when folks like you don your tin foil hats. You do realize the amount of scrutiny is far greater, affects all individuals above a certain pay grade at publicly traded companies, and that regulation continuously evolves? Protections against wash and insider trades are an important consumer protection but crypto ad…
Is this insider trading according to the law? Nonpublic information isn't being used to trade public stocks; it's being used to trade assets that don't appear to be regulated securities.
Earlier quoted context omitted.
I honestly think you'd be hard pressed to find a crypto business that isn't rooted in some kind of scam, greater fool scheme, pyramid scheme, or the like. The whole industry is a mess.
And you think this on what basis? Engagement with the space, or your emotional knee jerk reactions to the occasional headline you read? This comment comes across utterly unserious.
Your defensive kneejerk reaction doesn't serve as an opposing argument - if you think differently, all you need to do is provide some evidence.