Raise Your Hand If You Traded Bitcoin And Bitcoin Cash On Inside Information In The Last 48 Hours
We’re excited to announce that customers will be able to buy, sell, send and receive Bitcoin Cash on Coinbase.
That's the opening line of announcement posted on Coinbase on Tuesday at 7:07 p.m. It was followed by another post on GDAX.
Long story short, things immediately went off the rails.
Here's the celebratory tweet:
https://twitter.com/GDAX/status/943271708055801857
Then this happened (note that $9,500 is just "a bit" above the price on other exchanges and by "a bit" I mean li
Given current and recent past market wide spread proven and or suspected insider trader manipulations – worrying that corporate insider trading self-policing might be any less efficient or effective than SEC insider trader policing – seems meaningless. It still produces no changes or solutions to insider trading.
So let’s not do anything about it then?
H-berg, been a big fan for a while. Like you, I was skeptic of bitcoin for quite some time. I still remain a skeptic of the particular asset but in a more informed manner. If you do read this comment, I recommend reading this article — http://www.usv.com/blog/fat-protocols — since I feel its something you’d appreciate. It confirms your financial-based ideas surrounding cryptos, but gives you the information from the perspective of those in the programming realm. Found it to be incredibly well explained and a nice departure from hearing a bull v. bear argument on this stuff every single day.
FYI, anyone using the API features on coinbase as recent as 2 weeks ago was aware of the bitcoin cash being added. Coinbase accidentally leaked it in the developer area and it caught wind in the crypto underground. More to someone at goldman outpacing the e-traders than anything else… the insider trading thing is likely a cover up for the company’s own mistake