3 ms·

That's true. I wonder what the odds of getting caught are. I wonder how the odds would change if you had someone unconnected to you who placed the trades and sh

That's true. I wonder what the odds of getting caught are. I wonder how the odds would change if you had someone unconnected to you who placed the trades and shared the profits. As I write this I can imagine a cryptocurrency marketplace for insider information. The insider asserts some fact about a company and stakes an amount in crypto. Buyers see the potential - e.g. "Amazon insider staking 1 million for X% return" and can choose to take on the deal or not. If the buyer does take on the deal they see the information and if the information is borne out then the buyer must return the insider's investment plus X%. Otherwise the buyer gets the insider's stake. There's a lot of rough edges and potential for abuse, but I can imagine something like this making it hard or impossible to prove insider trading.

ycombobreaker 5y ago
That marketplace would immediately be flooded with FBI agents and dogs. At least find a way to obfuscate it like "roses" on craigslist.
loeg 5y ago
> As I write this I can imagine a cryptocurrency marketplace for insider information. The insider asserts some fact about a company and stakes an amount in crypto. Buyers see the potential - e.g. "Amazon insider staking 1 million for X% return" and can choose to take on the deal or not. If the buyer does take on the deal they see the information and if the information is borne out then the buyer must return the insider's investment plus X%. Otherwise the buyer gets the insider's stake. We don't have to imagine it too hard, something very similar already happened! https://www.bloomberg.com/opinion/articles/2021-03-22/fake-insider-trading-is-illegal-too https://www.bloomberg.com/opinion/articles/2021-03-22/fake-i...
yellow_lead 5y ago
Theres something much simpler - tokenized stocks. These are coins that track certain popular stocks and indices. There is certainly one for Amazon.

ycombobreaker 5y ago

That marketplace would immediately be flooded with FBI agents and dogs. At least find a way to obfuscate it like "roses" on craigslist.

loeg 5y ago

> As I write this I can imagine a cryptocurrency marketplace for insider information. The insider asserts some fact about a company and stakes an amount in crypto. Buyers see the potential - e.g. "Amazon insider staking 1 million for X% return" and can choose to take on the deal or not. If the buyer does take on the deal they see the information and if the information is borne out then the buyer must return the insider's investment plus X%. Otherwise the buyer gets the insider's stake. We don't have to imagine it too hard, something very similar already happened! https://www.bloomberg.com/opinion/articles/2021-03-22/fake-insider-trading-is-illegal-too https://www.bloomberg.com/opinion/articles/2021-03-22/fake-i...

yellow_lead 5y ago

Theres something much simpler - tokenized stocks. These are coins that track certain popular stocks and indices. There is certainly one for Amazon.