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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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5245966 No.5245966 [Reply] [Original]

>Work at Coinbase
>Know that you're about to release an announcement for the implementation of bitcoin cash
>Sell all your BTC and buy BCC on leverage, easily 10xing your stack

How is this allowed?

>> No.5246040

>>5245966
well actually... its not

>> No.5246043

FUCK YOU THATS WHY
FREE MARKET BABY

>> No.5246064

god i wish that were me

>> No.5246103

>>5246040
how would you catch them?

>> No.5246132

Bobby axelrod move right there not even hating

>> No.5246153

imagine being some code monkey intern at coinbase and hearing from the other intern next to you at lunch that coinbase was adding a new coin that night

imagine going home and having 8 hours to capitalize on that knowledge.

its not fucking fair

>> No.5246159

>>5246103
well, the fbi and irs could take all coinbase employees trading account history and see if they bought bitcoin cash on personnel accounts

>> No.5246161

>>5246040
pretty sure crypto is unregulated you nignog

>> No.5246180

>>5245966
lol so?

>> No.5246184

>>5246040
Yes it is, BTC and BCC are commodities not securities

>> No.5246186

>>5246159
What? No one cares. There's no insider trading violations in crypto you mong. The Sec doesn't govern Bitcoin cash. Fucking imbecile

>> No.5246189

>>5246161
yeah, because laws take awhile to implement

everything done in crypto is illegal in all other trading environments, so what makes you think they arent fighting it? they already say crypto is a security

>> No.5246204

>>5246159
Fuck all of you depending on the gubment for this shit.

Crypto is meant to be unregulated, fucking faggot.

>> No.5246260

>>5246184
>commodities not securities
soon

>> No.5246292

>>5245966
I thought you guys don't want government meddling? Then don't expect government to protect you from this. YOU wanted this.

>> No.5246308

>>5246204
lol moron
read slowly next time

>>5246184
still illegal


theyll get you on other stuff if they cant pin you on the specific law that doesnt exist. Theyve done it before

>> No.5246319

>>5246153
Life's never fair. And don't act like you wouldn't seize such chances yourself.

Being jelly is an ugly characteristic in humans.

>> No.5246373

You niggas want decentralization without the thieves, cheaters, and liars? Libertarians are funny.

>> No.5246411

>>5246308
This seems likely. Remember, Al Capone didn't get got for bootlegging or murder; he was charged with tax evasion. This wasn't a case of "we don't have laws for this", obviously murder was illegal, but they didn't have enough to convict him so they dug until they found something else they could use.

>> No.5246425

>>5246308
You're an idiot, it's not illigal whatsoever ever. All these groups on discord and telegram flourish. There's nowhere that governs collusion and insider trading in crypto.

>> No.5246459

>>5246373
>government ensures there are no thieves cheaters or liars in the conventional stock market

>> No.5246473

>>5246425
For now.
This won't last forever though.

>> No.5246475

>>5245966
perks of tthe job bro. SEC can BTFO they love this shit until it works against them (their money)

Learn to code and then work at coinbase.
???
Profit

>> No.5246489

>>5246308
There are no insider trading laws on commodities because it would be fucking stupid.

>> No.5246517

>>5246411
the wolf on wallstreet guy literally went to jail for something that wasnt a law yet

>>5246425
Obviously . It takes forever to implement laws. They are already infiltrating and making regulations. If you think boiler room pump and dumps are going to be allowed youre a fool

>> No.5246537

Who else here is going all in on ripple in the hopes that it goes up on Coinbase? 7000 ripple in mah wallet

>> No.5246553

You dumbfucks would have the government come in and cook the golden goose because of some insider trading in crypto of all markets. This market is manipulation incarnate.

Are you making loads of money? If yes, then shut the fuck up.

>> No.5246582

>buy monero
>make hitbtc account with fake info
>sell to btc
>make bitmex account with fake info
>transfer to bitmex
>margin long 100x
>reverse
>ez gains

>> No.5246584

>>5246489
CFTC Enforces Insider Trading Rules and Aggressively Pursues Its New Enforcement Authority under the Dodd-Frank Act. On December 2, 2015, the Commodity Futures Trading Commission (“CFTC”) issued an order (“Order”) instituting proceedings against, and settling with, Arya Motazedi, for various violations of CFTC Rules.

>> No.5246607

>>5246553
>expecting honor among thieves

this shit is gonna crash and burn. its only a matter of time

>> No.5246629

I'm about to dump $10k USD on a mining rig. Any suggestions?

>> No.5246634

>>5246584
>Commodity Futures
Not a commodity

>> No.5246642

>>5246607
so you are saying the neets with 8 digit portofolios will become poor fags again?

>> No.5246667

>>5246629
ya

don't

>> No.5246671
File: 19 KB, 138x190, 1419837586931.gif [View same] [iqdb] [saucenao] [google]
5246671

>>5245966

For everyone saying
>SEC doesn't care, there's no regulations
Then why doesn't Coinbase/GDAX allow trading on margin unless you are backed by $5,000,000? Or are a licensed trader?

>> No.5246697

>>5246634
trading coins is no different than trading cfds. how stupid can you be to think regulations arent coming?

>> No.5246711

>>5246629
Sorry, should have specified, NOT btc

>> No.5246739

>>5245966
the news of bch coming to coinbase was public knowledge for months
>https://www.ccn.com/coinbase-to-integrate-bitcoin-cash-support-by-january-of-2018/

>> No.5246749

>>5246184
Tell that to propane companies who can pull your tank with xxx gallons of a commodity in it without obligation to refund if you choose to switch providers, or any other such “commodities” contracts.
T: fuck you Gas companies

>> No.5246753

>>5246629
macbook

>> No.5246796

>>5246189
Yup. And they’ll invoke some retrograde audits into this. You’ll see. Too much $ they can grab to let it go. Won’t be any “grandfathered in” shit

>> No.5246943
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5246943

>>5246411
>where’s Nitti?
>in the car

>> No.5246974
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5246974

>>5246753

>> No.5246997

>>5246040
lol you labor uneducated wagecuck

>> No.5247042
File: 15 KB, 406x394, 1512619085146.jpg [View same] [iqdb] [saucenao] [google]
5247042

>>5245966
now you know why working at coinbase is more valuable than a basicbitch 6 figure salary

>> No.5247044

>>5246753
this guy

>> No.5247161
File: 1.80 MB, 500x208, FDA8BFF1-7FA1-4B6A-8EBC-FE228A47C795.gif [View same] [iqdb] [saucenao] [google]
5247161

>>5247044
I like that fucking guy

>> No.5247224

>>5247161
that's cool. show me a cost effective macbook(I have one, but I'm a PC fag) rig that can handle more than half a dozen gpus and i'm on board hah

>> No.5247235
File: 53 KB, 256x244, xrp.png [View same] [iqdb] [saucenao] [google]
5247235

>>5245966
You just need some knowledge of how a decentralized network works and then put up a node logging IP-addresses.

Guess what suddenly showed up in GDAX IP-address space? A Bitcoin Cash node.

Must of us also know which one is next.

>> No.5247383
File: 15 KB, 646x237, several weeks headsup.png [View same] [iqdb] [saucenao] [google]
5247383

Of course they're gonna exploit it for profit, no one is going to give up thousands or millions of dollars because "muh morals".
Coinbase even tweeted their employees have had weeks to prepare for this pump-n-dump just as long as they did it on the down low. Just grow up and deal with it or get out of crypto now

https://twitter.com/coinbase/status/943290391419174912

>> No.5247438
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5247438

>>5247224
Pretty sure he was joking, Corky, you know, because MacBooks are overpriced and expensive as fuck. Holy shit do you interact or is the aspergers that real or are you exhausted from trading

>> No.5247487

>>5247383
But certain 3rd cousins twice removed of said employees may or may not have such scruples

>> No.5247586

>>5246132
There was another attack on wtc?! Fuuuuark gents.... 12/20 never forget....

>> No.5247603

>>5247438
Holy shit, how Asperger's do you have to be to not pick up on sarcasm? I'm blushing for you.

>> No.5247681

>>5247603
You’re cute when you blush. I was only pretending to be retarded

>> No.5247714
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5247714

>>5247681
this guy

>> No.5247771

>>5245966
You could say the same for almost any big exchange and coin. Stop being such a gd babby.

>> No.5248143

>>5247714
You realize he was quoting your pic? Why did you post it?

>> No.5248211

>>5245966
Why shouldn't it? Information asymmetry is a constant in every human endeavor, just accept it and move on

>> No.5248234

>>5248143
First mover, and I'm right. Any other questions?

>> No.5248466

>>5248211
this