Quote from: sunnankar on July 22, 2013, 06:01:47 AM

Quote from: RationalSpeculator on July 21, 2013, 11:02:24 PM

And he is the only one that can take away this suspicion that he did insider trading or not.

First, insider trading makes markets more efficient and should not even be a crime.
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Third, unfortunately there is no way for Erik to 'take away this suspicion' because of the non-AML/KYC nature of the MPEx exchange. For example, he could of had a second or third or fourth, etc. account(s) that he used to buy shares with. It would be impossible for MPEx to determine whether the accounts were linked. Thus, it is impossible for Erik to either prove or disprove whether he bought any or a large amount of shares over the past month. It is what it is.

So at the end of the day it comes down to the application of the MPEx contract. In this case, it appears it was honored fairly. Sure, there can be some disagreements but under the business judgment rule I doubt any of them rise to the level of materiality. So just pick up your bitcoins and go forward. Bleeting like a stuck sheep is not helpful for your balance sheet.

Insider trading is fine when done with a moral conscience, not with greed. It's going to happen in the Bitcoin domain, but that's why we have to watch for signs of when it is being abused.

Of course, the whole nature of Bitcoin and related assets tied with it is quite heavy on the anonymity aspect of things. This allows for relatively easy insider trading and the such. What we're doing is calling him out on it. There is enough evidence to strongly indicate that Erik has in fact manipulated the course of events to lead to this situation ending strongly in favor of himself at the expense of others.

For all we know Erik could have 'sold' the company to himself, as to entirely reclaim it before actually turning it into something competitive with the market. A few months of bad news to ensure a cheaper buy back, then the "I'm even giving you extra!" B.S ...You're allowing us to maybe break even, not including those who started to sell as this unfortunate coincidence shower continued to pour.

To discount the evidence of what is certainly deserving of the label 'suspicious' would be making a fool of yourself. Erik likely did this exactly because, as you said it's easily viable and quite difficult to prove or disprove; But if Erik expects to walk away from this car crash without answering to some questions, he's gonna need a scammer tag.

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