prvit

36 ms·

361.
by prvit 4y ago
Monero wasn’t sanctioned because it is not positioned as a mixer like Tornado Cash is.
362.
by prvit 4y ago
Market manipulation is illegal regardless of whether or not insider trading is illegal.
363.
by prvit 4y ago
If you were going to sell or buy at price $x, you would’ve done so regardless of the insider trader. I think the crucial detail you might be missing here is that markets are not zero sum games.
364.
by prvit 4y ago
Insider trading does not and can not reduce ROI on your investments unless you’re a shop specialising in rapidly trading on corporate announcements.
365.
by prvit 4y ago
And you believe that the reasoning behind jailing people is not to be discussed beyond “that’s the law”?
366.
by prvit 4y ago
That’s a dishonest interpretation of my arguments and you know it.
367.
by prvit 4y ago
Just like the “you should take a finance class” means nothing. Especially considering that anyone who has taken a couple of such classes understands that insider trading is a very contentious topic among economists.
368.
by prvit 4y ago
Do you think that hedge funds paying credit card companies for transaction flow should be illegal? > Because I could, given enough experience in the industry and money to have servers close enough if it's highly time-sensitive sign
369.
by prvit 4y ago
I have an Economics with Accounting degree from LSE actually
370.
by prvit 4y ago
Yes, I’m sure. What you pasted is perfectly in line with what I said. Those guys did a bad thing because they deprived their employer of the opportunity to profit from this data.
371.
by prvit 4y ago
> (albeit selectively in a way designed to maximise harm to people the insiders usually have some sort of fiduciary duty to). That doesn’t make any sense, prices go in both directions. If price goes up, there’s no harm to people who the
372.
by prvit 4y ago
It’s not a “contrarian rabbit hole”. Whether or not insider trading should be illegal is a hotly contested topic among economists. >It doesn't really matter why, it is, and for good reasons Would you like to share the good reasons w
373.
by prvit 4y ago
Information asymmetry is a fundamental, unavoidable feature of the markets. It’s not illegal for me to pay Visa and Mastercard for an exclusive deal to access transaction flow and trade on the basis of that information. I will in fact be tr
374.
by prvit 4y ago
In this context, the bad thing (sabotaging your publicly traded company) is illegal regardless of the not-bad thing (insider trading).
375.
by prvit 4y ago
Why do you think it’s better that some hedge fund with specialist algorithms and infrastructure front-runs the market instead? It’s a handful of connected individuals in either case.
376.
by prvit 4y ago
> Insider trading is a distortion of price discovery, because the insider possesses knowledge the rest of the market does not. That's why it's illegal. Insider trading is not illegal because insiders possess knowledge the rest
377.
by prvit 4y ago
ISOs directly aid price discovery, no?
378.
by prvit 4y ago
Latency is inaccuracy, just on a different axis of the graph. Insider trading adds to consensus knowledge.
379.
by prvit 4y ago
> Edit: algorithmic option is available to anyone but insider trading rewards a select few "insiders". No meritocracy. So what? How does artificially helping algorithmic traders help society at large, or even just market partic
380.
by prvit 4y ago
Indeed, but their definition of “fairness” is rather dishonest. This doesn’t benefit 99% of market participants. US regulators would rather specialist companies with the fastest algorithms and connections to process corporate announcements
381.
by prvit 4y ago
So? Nobody is deprived of anything. You’d prefer for whatever company has the fastest algorithms to process corporate announcements to reap 99% of the $$$? How is that any better?
382.
by prvit 4y ago
It’s not equally accurate. Markets are supposed to price in the future. “Latency” just means that the future isn’t priced in, which results in less accurate pricing.
383.
by prvit 4y ago
Price discovery is a major function of markets, insider trading adds more information and benefits all parties by allowing for more accurate pricing of whatever is being traded.
384.
by prvit 4y ago
> But it's certainly not for the other participants who are getting rolled over by insiders. Why play a rigged game? This only makes sense if you think of markets as gambling. Otherwise, other participants are always getting rolled
385.
by prvit 4y ago
Insider trading results in more accurate pricing.
386.
by prvit 4y ago
> into one stalk that is positioned so poorly low that you always hit the adjacent (not opposite side!) cruise control stalk when you try to signal a turn or lane change. We’re talking about these stalks, right? https://www.te
387.
by prvit 4y ago
> Just like your unfortunate and unnecessary anti-American comments that got you downvoted anti-American? Seek help buddy. > It would be so much stronger if you simply qualified your claim as your own belief and left it at that, or di
388.
by prvit 4y ago
New cars have decent hardware. New S-class infotainment runs on a 6 core Nvidia Xavier SoC with a Volta GPU and 16GB of RAM.
389.
by prvit 4y ago
Why would that be a drawback? If you can't keep your hand steady on the iDrive controller, you probably shouldn't be driving a car at all.
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by prvit 4y ago
I’m not sure how you could take that away from my comment which did not mention scooters at all.

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