181–190 of 304 posts
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Specifically with regards to this situation. Who is harmed?
Market participants who sold BCH earlier today before the announcement to insiders who bought knowing that the price was sure to rise after this announcement?
I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!
Exactly the first thought that came to my mind. BCH up 30%. I wonder how many Coinbase employees bought BCH throughout this past month. Also. it's easily predictable that introducing a new currency will temporarily affect the other currencies negatively. Very gray area.
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…
I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!
Exactly the first thought that came to my mind. BCH up 30%. I wonder how many Coinbase employees bought BCH throughout this past month. Also. it's easily predictable that introducing a new currency will temporarily affect the other currencies negatively. Very gray area.
Earlier quoted context omitted.
That's actually consistent with other currencies though. You can inside trade on forex markets.
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?
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I have generally mixed feelings about insider trading, because in the end, people making decisions on best information looks like economically profitable for the system. That said, Coinbase did more than insider trading today, they deliberately hid their BCash announcement to perform insider trading. That is straight down fraud to me. They provoked the insider trading situation.
This is what bothers me the most. Coinbase previously had indicated only withdrawals would be enabled by Jan 1st, which means they'd have a form where you could claim your BCH and have it sent to your private wallet address. Somehow this turned into "Actually we'll allow full trading. And surprise! We're not even going to tell you about it despite working on it for months, we'll just unleash it on a random Tuesday ev…