Insider Trading at Coinbase

Post by thinkmassive » Wed, Apr 13, 2022, 2:11 PM UTC

yrral wrote: post #149

rchaud wrote: post #128

Earlier quoted context omitted.

A lot of the rah-rah boosterism of "decentralization" is coming from VCs that saw how much money there is to be made by ignoring laws and regulations for long enough. Airbnb and Uber are the most brazen examples of this. What's left unsaid of course is that the only interest deep-pocketed investors have in dismantling elements of the financial system (MC/Visa dominance, KYC/AML checks, suspicious transactions disclos…

The concept of visa/mastercard was also largely unregulated at the time they launched. Take a look at the history of visa article on wikipeida https://en.wikipedia.org/wiki/Visa_Inc.#History Visa was not the first, and other tries to do a credit/charge before them were much worse or limited in scope. This is similar today to what is happening in web3/crypto. If you don't think the ingenuity of humans will get us some…

Post by thwayunion » Wed, Apr 13, 2022, 2:15 PM UTC

nojs wrote: post #147

rchaud wrote: post #128

Earlier quoted context omitted.

A lot of the rah-rah boosterism of "decentralization" is coming from VCs that saw how much money there is to be made by ignoring laws and regulations for long enough. Airbnb and Uber are the most brazen examples of this. What's left unsaid of course is that the only interest deep-pocketed investors have in dismantling elements of the financial system (MC/Visa dominance, KYC/AML checks, suspicious transactions disclos…

I think this is the expected cycle of business long term. 1. Entrepreneur notices an opportunity to avoid overzealous regulations and provide better value to customers 2. Everyone wants a piece of the action, bad actors start to move in and updated regulation is required 3. New regulations get out of hand and start to become extremely costly to comply with (see banks) 4. New entrepreneur comes along with a novel way…

Post by lxgr » Wed, Apr 13, 2022, 2:16 PM UTC

reedjosh wrote: post #169

lxgr wrote: post #159

Earlier quoted context omitted.

At least at this point in time, if you control all of the on/off-ramps, you can very effectively make any cryptocurrency non-viable as money.

I think it could slow adoption, but I've been primarily buying offline. Soon I'll have a lightning node too--improving my BTC privacy. Defi exchanges are the next major advancement to government resistance as well. This space would rapidly mature under government regulating away self custody.

Post by dogman144 » Wed, Apr 13, 2022, 2:22 PM UTC

perihelions wrote: post #10

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.

Post by thwayunion » Wed, Apr 13, 2022, 2:27 PM UTC

datadata wrote: post #144

skybrian wrote: post #136

Earlier quoted context omitted.

Um, being an accredited investor gives you exposure to investments that aren’t transparent. You don’t get the same access to financial statements as with public companies. If you want more transparent investments then you should be advocating for reforms that will encourage companies to go public sooner. This would be reversing the trend in recent years where companies stay private longer, which allows them to not di…

Accredited investor rules was an example of not having a even playing field. The market is not open to everyone which contributes to unfair outcomes. I'd welcome reforms to transparency as well there, as lack of transparency also contributes to unfair outcomes (the company can exploit investors).