Quote from: BitHodler on July 29, 2018, 02:42:34 PM

Quote from: jaysabi on July 29, 2018, 02:06:44 PM

But information that IS insider information is without question illegal to trade on.

It's pretty interesting how the opinions on insider information are pretty far apart from each other.

In the crypto world there are loads of people trying to justify the use (abuse) of insider information, while there is nothing about it to justify. It's illegal by itself and unethical in every possible way.

Roger Ver seems to be on that side as well, which might explain the crazy price explosion of bcash just before Coinbase announced that they will be listing it. Coinbase CEO is pretty close with Roger Ver as well.

We'll probably not hear much from it again with how Coinbase and Roger can just keep their mouth shut, unless something happens and they start to blackmail each other. We'll see where it ends.

Yeah, in that case it was Coinbase employees who had the inside information and were trading on it. At that time, nobody but Coinbase knew about the intention to support BCH and this was a potentially huge development that would most likely send the price substantially higher. And indeed that's exactly what happened. Trading on that information when it wasn't public would be insider trading. In the securities arena, insider trading is plainly illegal. There's no defense for it. In crypto, I don't know if it's *technically* illegal because that would come down to a legal interpretation of if any securities laws were violated (if the underlying instrument is/isn't a "security"), etc. What's plain is that it should be illegal if it's not, and it was a violation of Coinbase's policies. In my opinion, it was morally and ethically wrong as well.