Buy, sell, send and receive Bitcoin Cash on Coinbase

Post by fanzhang » Wed, Dec 20, 2017, 3:20 AM UTC

derefr wrote: post #35

fanzhang wrote: post #22

Earlier quoted context omitted.

Also commodities if I remember correctly, which are regulated as well. Also there's a big theoretical and serious discussion in financial economics on why insider trading is even net bad. In some ways aren't stock analysts "insiders" with respect to your average SV engineer investing, and isn't an SV engineer who is able to fully understand a balance sheet an "insider" with respect to gambling grandma in Iowa?

My understanding is that "knowledgeable outsiders", in executing trades, effectively make accessible whatever esoteric-but-technically-public information they had to the market, and so help prices adjust toward their correct value. Knowledgeable insiders, on the other hand, can execute "hidden" trades that aren't revealed to the public market—and so don't provide information to the market. This distorts the market, m…

Post by notyourday » Wed, Dec 20, 2017, 3:21 AM UTC

enraged_camel wrote: post #70

panarky wrote: post #64

Earlier quoted context omitted.

FTFA: Coinbase maintains a strict trading policy and internal guidelines for employees. Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks. Now, how would Coinbase know if an employee traded BCH on another exchange?

They wouldn't know of course, but that's not the point. The point is to cover their own ass if they get in legal trouble, by saying "well, we told them it was prohibited, and made them sign stuff". It's the same reason companies make all their employees go through sexual harassment training. Not because they actually believe such training reduces sexual harassment, but rather because they want to eliminate liability.

Post by quickthrower2 » Wed, Dec 20, 2017, 3:23 AM UTC

an_account wrote: post #110

quickthrower2 wrote: post #105

Earlier quoted context omitted.

I see your point. This is something I can imagine lawyers arguing over and there is no right/wrong answer really. The cap table is interesting though. One could say it starts off at $0 but that isn't really true as there is a 'good will' value due to the public knowledge of the fork and that the coin will be worth something.

But if there was a “good will” value then you would had to have paid taxes on the value at the time of aquiring the asset (when the fork happened). You can’t just be gifted something of substantial value and not pay taxes on it.

Post by notyourday » Wed, Dec 20, 2017, 3:28 AM UTC

throwaway12351 wrote: post #85

Does anyone else find it highly suspicious that Coinbase goes down whenever there is any major movement in prices? You can explain this as just the natural result of too much traffic, but that's not convincing. This is a business valued at over 1 billion dollars that has been operating for years. If this is still a problem, it's either unbelievable incompetence, or because they see no reason to fix it. And here is a…

Post by physguy1123 » Wed, Dec 20, 2017, 3:34 AM UTC

derefr wrote: post #35

fanzhang wrote: post #22

Earlier quoted context omitted.

Also commodities if I remember correctly, which are regulated as well. Also there's a big theoretical and serious discussion in financial economics on why insider trading is even net bad. In some ways aren't stock analysts "insiders" with respect to your average SV engineer investing, and isn't an SV engineer who is able to fully understand a balance sheet an "insider" with respect to gambling grandma in Iowa?

My understanding is that "knowledgeable outsiders", in executing trades, effectively make accessible whatever esoteric-but-technically-public information they had to the market, and so help prices adjust toward their correct value. Knowledgeable insiders, on the other hand, can execute "hidden" trades that aren't revealed to the public market—and so don't provide information to the market. This distorts the market, m…