I don’t think making unsubstantiated accusations about insider trading is fair or warranted.
I disagree entirely.
To me it is a simple as Fleming is on the horizon but even more than that with work now starting on SafeCoin it is going to cause renewed interest in trading and investment.
Edit: and the roadmap, just about anyone can now see that time to get in is running out.
not accusing anyone just saying here is something that could happen in theory. I am still wondering what inspired someone to push so hard yesterday. Ya maybe they just woke up and were like todays the day I think we are close enough to Fleming I am gonna just market buy 10 BTC all at once. Sure there’s lots of other explanations like maybe it was just a PnD guy trying our coin out or something. All we know is that big buy happened and I am not complaining about it at all but still I am gonna theorize about why that may have occurred.
And just as a side note I would not even be mad if it was “insider trading” there are no rules against that in crypto so if they feel they are in the final stretch it is perfectly legal to be like damn time to buy some MAID! I would prolly do it myself in that position
Guys, we’re all too busy for that kind of s***.
There’s a much bigger prize.
My take: a lot of people chimed in at once in this thread with very positive things, suddenly when MAID “decoupled” a bit from the other cryptos. This thread/coin has existed long enough, to where almost everyone knows that the price will go up when there’s substance released; yet that “a lot of people chiming in at once” event still happened. Looking at the people involved: they’re mostly newer people. Could be a ‘pump group’ deciding to start something with “rhetoric” of SAFE Net. (Inadvertently, even rhetoric about the SAFE Network is extremely positive, let alone big releases—considering the years it’s been neglected for seemingly no reason besides “there’s little marketing”.) Not sure who was or where the dev person’s comment about Fleming was. Also that (the above post).
Could be just that. I like to dream that people have simply taken a fresh look, a pen and a napkin and come to the logical conclusion that no matter what numbers you throw at it, it is undervalued even if it can only ever serve a small fraction of dropbox users as a dumb file store.
I would find the time to stop for a moment to buy some MAID. Actually it would not matter cause I would have just demanded to be paid entirely in MAID in the first place lol. Really though it is kinda like a nice bonus to inspire people to drive even harder if they know getting to milestones = profits on the crypto markets! Maybe that’s just me but I would find time to stop for a sec and trade on the info I had if a major release of some kind was just about completed.
I dunno maybe it seems plausible to me cause I would do it. I see it as a perfectly legal and profitable move so why not make it? Again I am not accusing anyone cause I have no proof. Just something that came to my mind when I was like what if today is the day they drop a big bombshell in the dev update and that guy somehow was right there to attack at just the right moment.
Ok here’s another theory: Its just a trader playing the odds. He knows one Thursday they gonna have to drop a Flemming release date. So starting now he will buy big every wed.
Something being legal and profitable doesn’t mean it’s a nice thing to do.
I don’t think its mean. If it was stocks they would have to spend money on a blind trust and junk but in crypto the rules of the game are you don’t have to bother with that and can buy your own coin when you know something big is coming. I think people agree you can do this by playing that game.
Insider trading on non public information is very illegal. Just because no one is prosecuted today dosen’t mean that they won’t be in the future. The law enforcement is some times lagging but they will catch up eventually.
it is on the stock market but, and correct me if I am wrong, there is no precedent case of some dev buying their own coin then dropping a major release date on the public. Like who do I even call hey I have a crypto and I need you to be a blind trust … they be like uh no thanks we only deal with stocks.
you can’t prosecute someone for something that was not a crime at the time. Maybe one day they will be like all crypto attached to a project has to be in some kind of blind trust if you are working on that project. Until that is even an option there is some amount of “insider trading” you can’t avoid. Like no matter how transparent they are with updates, and I commend them on doing a great job of this, they will always know best when things are about to get exciting. What are you gonna do sell the bottom just to be a nice guy? No you are gonna buy that knowing this is a great time to invest. Really you can’t be against them doing something that is not only legal but the only way to invest in their own project they really believe in.
It’s pretty simple.
The price bottomed along time ago.
Bear market end for crypto is becoming more likely.
Maidsafe released updated roadmap that shows Fleming is getting close as well as talks of a faster route to launch with MVP.
It would only take one trader with a decent amount of cash to move the price as much as it has. Since the move a few more have probably made a move too.
The price having a decent upswing when Fleming is launched is very likely. There is money to be made, so some people will be on the ball and doing it.
Talks of inside trading is irresponsible and based on nothing. Please stop it and just support the team.
allright sorry to have caused such a stir I’ll not share my theorys next time.
I’am pretty sure that insider trading is an offence no matter what the market is, stocks, crypto or whatever. If the method and outcome is similar then the law from stocks can be applied to crypto. I don’t think crypto needs it’s own laws because insider trading is not market specific and can be applied where ever the situation shows the same characteristics. Just as pyramid schemes, wash trading and so on, apply to crypto as any other market.
ok so if I have a crypto attached to a project I am working on how do I be involved in the market for that crypto and not be insider trading?
I think the short answer is, don’t buy or sell close to releasing public information that will have a significant affect on the market.
I think doing that you would have a worse outcome then some kind of blind trust. They would at least be able to look at the public info and be like yep a bombshell like a Flemming release date is coming soon and make smart trades. Total hands tied is indeed taking one for the team but I think that level of chivalry is a great thing but not required of all.
I imagine that for example you make an investment plan, then present that plan to the company board. A plan could be something like, to cover our expenses we need to sell x amount at a specific date every month in the comming year, if price goes up/down the amount sold will be adjusted. Another plan could be we want to accumulate x amount every month for the comming year. But Nick Lambert or somone else maybe can give an insight to procedures or what is possible to do. It is out of my knowlege zone. 
yes that’s true if you had a predefined plan and stuck to it then there would be no question of ethics. Still I think the blind trust is gonna outperform a set schedule. Anyways maybe the company should be careful to keep its hands clean… but how can you police every employee and tell them not to do something totally legal if they have extra cash at the moment and know the project is getting close to milestones? I mean just as individual crypto traders they have all rights you and I do to buy/sell whenever they want and if they happen to have a link on some extra insight on fundamentals that just is what it is in this game.
I found some cases about crypto, even if it is not certain, there seems to be significant chanse to get into trouble if there are evidence of insider trading.
You are right that they can’t cover everything but if large sums of capital is involved then they might notice.