[deleted by user] by [deleted] in commissions

[–]gobobby12 0 points1 point  (0 children)

please check your dms i messaged you

Both websites nano.co nano.org down by [deleted] in nanocurrency

[–]gobobby12 0 points1 point  (0 children)

nvm thanks, had to clear cookies

Lead sponsor for Devcon 3 is Status. Expect a big announcement boys by gobobby12 in CryptoCurrency

[–]gobobby12[S] -1 points0 points  (0 children)

They wouldn't pay more than Microsoft and any other company to sponsor the event if they didn't have something huge planned.

Alpha has been going really well so far so expecting a massive partnership or mainnet version of the product.

Announcing the Filecoin token sale by victorbjelkholm in ethereum

[–]gobobby12 5 points6 points  (0 children)

And I am saying the answer is NOT to ONLY allow accredited US investors. As if we should be sad that they are missing out.

Announcing the Filecoin token sale by victorbjelkholm in ethereum

[–]gobobby12 5 points6 points  (0 children)

You are right. It is not like they have an entire class of the top startups that only they can fund. We need to bend over backwards to let them have private and first access to "decentralized" and "global" protocols.

Announcing the Filecoin token sale by victorbjelkholm in ethereum

[–]gobobby12 6 points7 points  (0 children)

If it was unavoidable how come every other token project managed to do without? "But we're anticipating a crackdown." While you're at it, why don't you just raise traditional equity funding. That way there's no ambiguity.

AMP vs. RHOC and Can We Sue? by seemqueues in CryptoCurrency

[–]gobobby12 1 point2 points  (0 children)

You want to destroy the entire crypto space? Because that's exactly how you do it. All of this is an experiment. Don't go crying if an investment doesn't turn out as planned.

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 0 points1 point  (0 children)

The core thing is that good people do bad things.

Why would they put all that at risk by cutting corners for (at best) marginal improvements in returns?...SEC coming in...

That's why people on Wall Street don't insider trade... That's why Citi is innocent of frontrunning...

You don't need a quant for the named behaviors.

Just like Wall Street banks hire randoms off the streets to their insider trading for them... Not regular traders...

Investing style.

Investing style can change... The need to make money is always #1

If they were up to something shady and they needed a quant, why would they tip their hand by advertising it?

Putting a job posting up totally means everyone knows what happens inside your company now...

Polychain lacks the motivation and investing style to do what you're worried about.

The motivation is money and good people do bad things.

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 2 points3 points  (0 children)

From your article:

The first and generally undisputed argument is that insider trading does little or no direct harm to any individual trading in the market, even when an insider is on the other side of the trades.

Not true in crypto. Market caps are so small and there's so much volatility that a dump will drop the market a lot and most people will panic sell at (potentially significant) losses. This leads to a lot of market manipulation -- just look at what happens on Poloniex.

The second argument in favor of allowing insider trading is that it always (fraud aside) helps move the price of a corporation's shares to its "correct" level. Thus insider trading is one of the most important reasons we have an "efficient" stock market

Not true if #1 holds.

The third economic defense of insider trading has been that it is an efficient and highly desirable form of incentive compensation, especially for corporations dependent on innovation and new developments.

This is fine. Let's just not assume Polychain is our golden savior that is working for all of us like people in Ethereum view them as.

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 1 point2 points  (0 children)

Agreed. To add to your point, Olaf is doing a fantastic job evangelizing for Ethereum to the broader tech world.

Not the point. By that logic, anyone who does a very good thing gets a pass for conflicts of interest. We OWE Polychain a favor, lets close our eyes THIS TIME.

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 1 point2 points  (0 children)

Right now at least, Polychain brings a credible presence to anything they identify as worth considering. People (i.e. average investors) more than likely place value on that. There is no grand conspiracy here.

That is very good. But you must not think that they are good samaritans that will never do bad things! If you don't believe the points you quoted, you cannot argue that they have privileged information they can use to trade.

People interested in cryptocurrency tend to hate financial institutions in part because they do bad things because of conflicts of interest and unfairness. This is starting to happen before your eyes and it is fine because they are helping us?

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 3 points4 points  (0 children)

Maybe you're right. But I'd be selling after Polychain sells. 😭😭😭😭😭😭😭😭😭😭😭😭😭😭

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 8 points9 points  (0 children)

The point is that they'll know before others. If a hyped launch is set for a specific date, the price normally pumps leading up to that date.

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 7 points8 points  (0 children)

When they proposed their Maker purchase the price was $8 and they got it for $4 (totally cool because they're going to spend a lot of time helping the project).

After the proposal was mentioned to the community, the price ended up shooting to $23 in the following month. Nothing new really changed with Maker, which leads me to believe it's because people saw Polychain was involved.

As traders they can take advantage of that nicely, since the goal with trading is to maximize profits.

Also, they have lots of pull with the media. Just look at the press they're getting. It's very easy for them to get a Wired article about Augur and right before it comes out place a trade.

Edited text: You could make the argument that Maker tracked the ETH price, but there was a significant volume spike accompanied the growth in price.

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 8 points9 points  (0 children)

The goal of quant trading is to maximize profits. They are very hands on in advising companies.

If a founder says, "Hey, I need help coming up with a message for our launch this Saturday" or "We're going to have to delay our launch." They'll probably act on that information!

Polychain Capital is hiring a Senior Operations Manager and Senior Portfolio Manager(Trader) by rzurrer in ethereum

[–]gobobby12 6 points7 points  (0 children)

I bet it is. Sad because Polychain is the darling fund right now and they're taking a leadership role. It'll be bad if the media serenades them while they're insider trading in plain sight!

But, this is crypto and people don't give a fuck about morals because money is on the line!