Post
Topic
Board Speculation (Altcoins)
Re: [AEON] Aeon Speculation
by
americanpegasus
on 28/10/2015, 21:05:20 UTC
Regardless, I would say that people like myself and smooth probably need to take extra care.  I'm someone who serves in a semi-official capacity in both communities, and I have a fair number of people (being conservative about that) that simply follow me online and consider what I say when deciding where to put their money.  
  
The other day, (perhaps it was just coincidence) I mentioned a certain tiny computing stock and it's price went up 20% the next day.  That's some heavy responsibility if my mention caused that.  Luckily I didn't own any shares, or it may have been a conflict of interest.  
  
Considering these things, despite not having any more actual information about releases or development than the general public (other than what is publicly available on Google), I do plan to own significant amounts of both Aeon and Monero over time.  
  
I also plan to make a lot of positive statements about them, as I feel that their technical merit (which anyone with proper mathematical skills can independently verify) merits it.  
  
So it feels like the best way forward is simply to be public about my holdings.  I know that certain people like the Winklevoss twins and Barry Silbert are outspoken proponents of the bitcoin price, but also are relatively public about how much they own.  (any rational person should expect someone who owns half a percent of an asset to be optimistic about its future).  
  
I'm not suggesting that anyone else needs to feel obliged to follow my lead, but I simply feel that this allows me to maintain an ethical position both as a perceived insider and an asset holder as well.  When (not if) the day comes that the SEC starts considering how to apply Internet Fraud laws to crypto-assets, I believe this will allow me to escape any of the nastiness that plagued the first people to "pump" stocks online.  (there are many instances in the 1990s of the SEC cracking down on people who heavily touted stocks online they owned).  
  
However I welcome additional comments and suggestions in this regard, and again: I only feel like I need to take this step as a result of being a moderator in the two communities.  It's conceivable that my actions there might be construed as having a conflict of interest with my holdings if I don't practice some manner of transparency going forward.  
  
That being said, everyone should remember that Hal Finney was harassed into his dying days by assholes trying to extort bitcoins from him.  This was a direct result of him being an early and public personality involved in the space.  Personally, I am surrounded by a variety of means to defend myself, won't negotiate with any bad actors regardless of the circumstances (this only incentivizes further bad actors),  and believe in defending my 'kingdom' however is needed.  
 
All players in the game will have to make up their own minds about how they will proceed though.