3 ms·

I have generally mixed feelings about insider trading, because in the end, people making decisions on best information looks like economically profitable for th

I have generally mixed feelings about insider trading, because in the end, people making decisions on best information looks like economically profitable for the system. That said, Coinbase did more than insider trading today, they deliberately hid their BCash announcement to perform insider trading. That is straight down fraud to me. They provoked the insider trading situation.

autokad 9y ago
if you watched the interview on fast money, you could tell they were going to start trading bit coin cash. obviously he couldnt come out and say it, but it seemed pretty apparent to me.
erentz 9y ago
This is what bothers me the most. Coinbase previously had indicated only withdrawals would be enabled by Jan 1st, which means they'd have a form where you could claim your BCH and have it sent to your private wallet address. Somehow this turned into "Actually we'll allow full trading. And surprise! We're not even going to tell you about it despite working on it for months, we'll just unleash it on a random Tuesday evening."
- fpisfun 9y ago
  Definitely not possible to buy it today on coinbase as far as I can tell
mrb 9y ago
What evidence do you have they performed insider trading? There is none. You are just speculating.
- conanbatt 9y ago
  You are putting the burden of proof on an individual with no information access to coinbases operations. At the court of public opinion (or consumer opinion in this case), the appearance of corruption is enough to condemn. Its pretty clear something happened because there was quite a commotion hours before it happened, which means market makers knew it was coming. I have documented message sbefore the coinbase announcement that something weird was going on, and so has the community. Not only that, coinbase gave the appearance of neutrality when it deliberately lied on release date and scope of release. For what purpose but to take advantage of the information arbitrage. Coinbase sold its users today and as a portion of the community has been vocal about, I recommend leaving coinbase to another exchange that hasn't proven to screw over their users.
  - mrb 9y ago
    There was a commotion because we knew in the last 48h BCH trading was imminent: https://www.reddit.com/r/btc/comments/7kfzbi/attn_bitcoin_cash_added_to_coinbase_api_extremely/ https://www.reddit.com/r/btc/comments/7kfzbi/attn_bitcoin_ca...
    - conanbatt 9y ago
      If you believe that is true, why didnt coinbase just announced they were releasing full BCH support earlier?
      - mrb 9y ago
        I don't know. Perhaps they wanted to pleasantly surprise all of us. Companies often do this with surprise announcements.

autokad 9y ago

if you watched the interview on fast money, you could tell they were going to start trading bit coin cash. obviously he couldnt come out and say it, but it seemed pretty apparent to me.

erentz 9y ago

This is what bothers me the most. Coinbase previously had indicated only withdrawals would be enabled by Jan 1st, which means they'd have a form where you could claim your BCH and have it sent to your private wallet address. Somehow this turned into "Actually we'll allow full trading. And surprise! We're not even going to tell you about it despite working on it for months, we'll just unleash it on a random Tuesday evening."

fpisfun 9y ago
Definitely not possible to buy it today on coinbase as far as I can tell

mrb 9y ago

What evidence do you have they performed insider trading? There is none. You are just speculating.

conanbatt 9y ago
You are putting the burden of proof on an individual with no information access to coinbases operations. At the court of public opinion (or consumer opinion in this case), the appearance of corruption is enough to condemn. Its pretty clear something happened because there was quite a commotion hours before it happened, which means market makers knew it was coming. I have documented message sbefore the coinbase announcement that something weird was going on, and so has the community. Not only that, coinbase gave the appearance of neutrality when it deliberately lied on release date and scope of release. For what purpose but to take advantage of the information arbitrage. Coinbase sold its users today and as a portion of the community has been vocal about, I recommend leaving coinbase to another exchange that hasn't proven to screw over their users.
- mrb 9y ago
  There was a commotion because we knew in the last 48h BCH trading was imminent: https://www.reddit.com/r/btc/comments/7kfzbi/attn_bitcoin_cash_added_to_coinbase_api_extremely/ https://www.reddit.com/r/btc/comments/7kfzbi/attn_bitcoin_ca...
  - conanbatt 9y ago
    If you believe that is true, why didnt coinbase just announced they were releasing full BCH support earlier?
    - mrb 9y ago
      I don't know. Perhaps they wanted to pleasantly surprise all of us. Companies often do this with surprise announcements.