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A comment on $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money. Parent comment

Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by Almondsetat on Saturday April 12, 2025 @05:01AM (#43662663)
Capitalism actually thrives where there is only 1 regulation: total transparency. After all, if we go by the classic definition of free market competition we have customers who have perfect knowledge of every product and the products are very similar and etc. etc.

Who cares if someone at the WH does insider trading? In a transparent system people would be able to trace back every transaction and realize something is brewing and they could act accordingly.

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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by wesselbindt on Saturday April 12, 2025 @05:04AM (#43662679)
> could act accordingly

Concretely, what are you thinking of here?

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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by Almondsetat on Saturday April 12, 2025 @05:08AM (#43662708)
Simply copy their positions. But if everyone's position were available, insider trading wouldn't even exist because it would give the game away
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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by notahacker on Saturday April 12, 2025 @05:18AM (#43662770)
By the time you copy their positions, they've made their money.

In theory of course, them being blatantly and obviously corrupt would hurt them at the ballot box. In practice, this is not really something at moves the needle in American politics.

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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by EasyMark on Sunday April 13, 2025 @02:48PM (#43674937)
why do you think you would know their positions in time to do anything about it?
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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by Almondsetat on Monday April 14, 2025 @04:37PM (#43686038)
I will leave it to big investors with supercomputers connected directly to the exchanges to eat away at the potential profits of even the slightest insider trading activity automatically
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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by formerly_proven on Saturday April 12, 2025 @05:14AM (#43662751)
This is poor bait, even for 2025 HN standards.
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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by EasyMark on Sunday April 13, 2025 @02:47PM (#43674933)
who cares? I care, I want insider traders to go to prison for multiple years. That's not a free market, that's a market of those who know things to manipulated the rest of the market into never ending pump and dump schemes.
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