David Moon
@davidmoon
Not surprised. Know too many hedge fund managers that made money off OpenSea insider trading.
fufu prophet
@fufuprophet.eth
@saymore
Author Reply β
David Moon
@davidmoon
Unfortunately cannot say more as if I reveal explicitly they will sue me lol.
All I can say is that there are those who got the internal growth metrics and preview on what was going to be the next featured NFT.
Farcaster Comments
Noah Bragg π€
@nbragg
β Threadstarter
What is your reaction to this?
Tayyab
@tayyab
That pump and dumps are real.
Do your own research.
Noah Bragg π€
@nbragg
yeah yikes!
Noah Bragg π€
@nbragg
agreed!
Ben
@0xbenersing.eth
I believe it. Itβs not insider trading if itβs not a security. Canβt have your cake and eat it too.
David Moon
@davidmoon
In some ways, without those insider traders pumping up crypto and NFTs - the past few years might have not taken off for crypto to get consumer adoption.
Phil
@philcockfield.eth
[Self Directed Statement/Reaction]:
To not inadvertently release (beta level) token smart-contracts, design sketches.
(dev rubric: "where angels fear to tread")
Noah Bragg π€
@nbragg
So then it's ok then?
Noah Bragg π€
@nbragg
That's probably true. the speculation has grown crypto to what it is today.
Noah Bragg π€
@nbragg
So you are saying there should be more testing before launches?
Ben
@0xbenersing.eth
Legally speaking yes itβs OK until the SEC decides otherwise.
Ethically, I think itβs quite wrong. But this moral statement only stands up as long as you believe in a universal truth about right/wrong.
Noah Bragg π€
@nbragg
I see what you mean by legally. Makes sense.
Ben
@0xbenersing.eth
And ethically - Iβm curious if it can be viewed as unethical, while still holding a subjective perspective of truth?
David Moon
@davidmoon
Unfortunately cannot say more as if I reveal explicitly they will sue me lol.
All I can say is that there are those who got the internal growth metrics and preview on what was going to be the next featured NFT.
Noah Bragg π€
@nbragg
Not sure. I just know right is right. and wrong is wrong.
frdysk
@fufuprophet.eth
Damn, i need me some insider friends/colleagues/degens
Phil
@philcockfield.eth
(Me β beginners-mind β relative to: βsmart-contracts/tokensβ)β¨
I donβt have a qualified enough of an opinion at the minute to weigh in solidly with any specifics (yet).
But recognise I'll need to over the next 6 months to 2 years, given where we seem to be at now with the "blockchain a reality"
Ben
@0xbenersing.eth
Sounds like youβd say there is a subjective, universal truth.
Ben
@0xbenersing.eth
*objective*
Phil
@philcockfield.eth
Currently trying to set my own mental rubrics up for how to responsibly develop and operate across these ERC-<Token> primitives as a design surface.
+ get my head adequately across the design space.
π§«{design/dev} β {test} β {audit} β {deploy} π lifecycle π³
kenny
@kenny
seems low tbh
Noah Bragg π€
@nbragg
that's right.
Noah Bragg π€
@nbragg
π€£ π
Noah Bragg π€
@nbragg
It's a lot to take in!
Phil
@philcockfield.eth
"Turing Machines" all the way down.
"Turing Tarpits" all the way down π€£.
Alex Palmer
@thatalexpalmer.eth
I think itβs unethical. Insider trading capitalises on the information asymmetry that exists between parties.
To use capital with more information results in capital losses for parties with inadequate/insufficient information.