Post
Topic
Board Marketplace
Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company
by
ADgordo
on 28/06/2011, 21:32:54 UTC
There are a lot of IRL companies that keep trade secrets from their shareholders. In fact, securities law prohibits sharing information with shareholders that is not also made available to the general public at the same time. Shareholders are shareholders - they are not managers or even directors. In some countries shareholders that start to act like managers lose their limited liability shield.

I respect tawsix's right to keep the exact rig recipe secret and support his reasons for doing so.  The information he has chosen to share is fine by me (price and hashing speed). I do not support (and neither should Nefario if he wants to legitimise GLBSE) secret information being made shareholder only. If shareholders don't like this they can always sell or just not buy in the first place.


SkepsiDyne is neither a legal entity by SEC standards nor is inside trading a crime in my view.  Shouldn't those willing to take risks get the rewards of early access to info regarding those risks?  Can government limit speech?

This is not the place to be talking about the law, but assuming the Bitcoin community loves free markets, free flowing information, and a consistent moral code, insider secrets should be regarded by non shareholders as irrelevant to their own affairs.