How long is the time lag between posting it there and when the typical holder of Moons would have been notified?
(Think: Efficient Market Hypothesis viz. time lag of disclosure)
(I didn't comment on his defense/explanation at all.)
Can anyone just answer what I asked?
It’s pretty shitty if he sold after the internal, and still even if he waited “3-6 minutes” after public, he still had an hour to prep his sell and make a decision on whether he would.
These "moons", or whatever, don't seem to have any connection with real world economic activity, and so are intrinsically worthless beyond the value that those involved in trading these notions give to them.
I wonder if there are any economic studies into the value that people place on assets and goods according to their direct connections with human wellbeing, e.g. food, housing, and clothing, vs capital, vs derivatives of capital such as shares etc, vs the crazy world of crypto.
Most of the mods involved are no longer mods. At least one (TNGSystems) is still a mod since they waited until the official announcement before dumping their position. Here is their explanation: https://www.reddit.com/r/CryptoCurrencyMeta/comments/17b8lqe... In this argument you can only see TNGSystems's responses because all the comments from the other side were deleted by moderators.
Copied for posterity:
> If I’m an asshole for selling my moons in order to provide a guaranteed safety blanket while my wife is off on maternity leave and I’ve got to cover all bills & upkeep & all the new shit we have to buy for a baby, then so be it.
> I hadn’t made my mind up on selling, even when the announcement was posted. Otherwise I would’ve done it after 10 seconds, not 3 and 6 mins after it was posted.
> At the end of the day I decided to take a guaranteed chunk of cash in return for my contributions, time and energy rather than wondering if the system can be built back up by mods.
> Crypto is a zero sum game.