inb4 “if it’s legal it’s not a crime”

    • Kwakigra@beehaw.org
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      14 days ago

      This I think is wishful thinking. If they already made the trade and profited, they’re not going to care about the people scooping according to what they did. If the followers-on like me overinflate or kill the asset depending on what the cheater did all it would do is damage the economy. If you are in a position of aristocratic privilege such that insider trading is possible for you, destroying the economy is an opportunity to acquire assets at a bargain.