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He really typed out and said “it’s a pyramid scheme” and “it’s not insider trading because 2 minutes 50 seconds more than 10 seconds matters”
by bozhark 3y ago
He really typed out and said “it’s a pyramid scheme” and “it’s not insider trading because 2 minutes 50 seconds more than 10 seconds matters”
- MightyBuzzard 3y agoIf it was after the announcement, it was after the announcement. One second is plenty for him to be perfectly morally justified.
- bozhark 3y agoRight, agreed, so why the attempt to explain the difference between 10 seconds and 3 minutes as a value statement?
- MightyBuzzard 3y ago[dead]
- smcin 3y agoWhat is the primary URL for where the announcement was actually posted? (on Reddit itself? in a press release? somewhere else?) How long is the time lag between posting it there and when the typical holder of Moons would have been notified? (Think: Efficient Market Hypothesis viz. time lag of disclosure)
- Aeolun 3y agoHe doesn’t have to wait for the typical holders of moons. Only for those very dedicated. And 3 minutes should be plenty fof those.
- smcin 3y agoI'm simply asking what actual mechanism constitutes "disclosure" for Moons. (I didn't comment on his defense/explanation at all.) Can anyone just answer what I asked?
- MightyBuzzard 3y ago[dead]
- phatskat 3y agoThere’s two “announcements” I see in the Reddit threads, and it isn’t clear which he’s talking about here: the internal announcement, from an hour before the public announcement. It’s pretty shitty if he sold after the internal, and still even if he waited “3-6 minutes” after public, he still had an hour to prep his sell and make a decision on whether he would.