I don't have to call the SEC because it is not (yet) regulated so what in the real world is obvious and punishable insider trading, in crypto not only is not penalized but considered normal, acceptable behavior by the likes of you and others. That's why the sheriff is coming to town mand you and other will soon learn a hard lesson in the most elemental ethics. The hard way, of course.
Once again for the ignorants: You can do with your coins whatever you want, sell them to whomever or throw them away if you like. On a regulated market though, IF YOU ARE AN INSIDER, you simply can NOT. It is ILLEGAL and punishable with jail. Get it now?
Since I am such an ignorant, I will gladly acknowledge you are right if you can prove it. So far I have seen no merit to your argument that what jyap did in the post you linked to constitutes insider trading. Please provide links/definitions to back up your claims. Additionally please show how jyap and/or CryptoCayce benefited from this 'insider trading'. Here is the SEC's page on insider trading to start you off.
http://www.sec.gov/answers/insider.htmGladly. If Julian would have wanted to purchase 1.5 million pink in the marketplace, his orders, to be fulfilled, would have created an increase in the price by themselves. It other words, he would have had to buy probably the entire book, or at least a significant part of it (I take you know what the "book" is?), therefore paying significantly more than he paid CryptoCayce for it. That's the way HE profited. CryptoCayce profited, conversely, because if he would have sold those 1.5 million pink in the market the opposite effect would have occurred and he wouldn't have obtained even remotely close to the "market price" he got from Julian. Since it was Julian buying and Cayce was not supposed to DUMP -it's called dump when devs sell their coins-, the market price of pink would have increased as a consequence of Julian's buy, therefore not only he benefited, not only Cayce benefited, but also ALL pink investors lost value on their investment due to that particular backroom operation. That is ILLEGAL INSIDER TRADING in the real world. And is punishable with jail and extremely high fines.
I have explained the a to z of how that is unethical on any perspective and illegal in the real world one. Now it is up to you to choose to believe what better suit your interests. It won't change the facts of what took place one bit.