I recently found myself thinking of how to fix the insider trading dilemma. It’s seemingly an impossible task to tell a politician or Wall Street insider they cannot profit on trades based on insider information. They may not be able to do it themselves, but of course then they can tell family members or friends of this inside information, and let them make the trades to make them rich, and share it with the person giving them the information. What then? Prevent family and friends from using any inside information to make trades. How much time and effort would be spent to chase that down? It’s a vicious and impossible circle in my mind. Maybe these are a solution;
1) Every trade is immediately, and completely traceable on a public blockchain for everybody to have access to. No place to hide, and no 45 day waiting period to disclosure.
2) Or Let insider trading just happen. The weight of dishonestly in the markets will collapse the entire system as the public discovers that it is so fixed, it makes no sense to be in it.
Coney_Croft / Coney Croft
npub1dx…92cyj
2023-10-22 11:09:55
Author Public Key
npub1dxeg0dk95wdxetvtj7zqep6tn8eqffkzz7h056njraa8uajqr5jsr92cyjPublished at
2023-10-22 11:09:55Event JSON
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"content": "I recently found myself thinking of how to fix the insider trading dilemma. It’s seemingly an impossible task to tell a politician or Wall Street insider they cannot profit on trades based on insider information. They may not be able to do it themselves, but of course then they can tell family members or friends of this inside information, and let them make the trades to make them rich, and share it with the person giving them the information. What then? Prevent family and friends from using any inside information to make trades. How much time and effort would be spent to chase that down? It’s a vicious and impossible circle in my mind. Maybe these are a solution;\n1) Every trade is immediately, and completely traceable on a public blockchain for everybody to have access to. No place to hide, and no 45 day waiting period to disclosure.\n2) Or Let insider trading just happen. The weight of dishonestly in the markets will collapse the entire system as the public discovers that it is so fixed, it makes no sense to be in it.",
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