where_do_i_live
where_do_i_live on Hacker News
I am well aware of BCH increasing in price prior to the launch but #1 EVERYTHING was going up in price at the time - BCH started ramping up the prior week from ~ $1700, and #2 really took off once the API keys were publicly found that weekend. That there was a peak of insanity on the release of BCH, I don't dispute, I merely claim that these other claims of nefarious actions can be easily explained through more mundane behaviors.
> They only allowed people to sell it on their market again, about 24 hours later, after the coin went down to $1,000.
This is completely false, and a lie since you say you were trading it at the time. BCH was trading between $3200 - $4300 when it reopened later the next day.
Not only do you not understand what the verb steal means, you give false information as to how the BCH market traded. You also don't seem to understand that for every buyer there is also a seller. Further, you provide no evidence of your claims of insider trading. I for example, "knew", that BCH was highly likely coming to the exchange based on public information that was already available. BCH API entries were added to coinbase/gdax DAYS before it was open for trading. That you conflate people that were paying attention for clues to the same as people of being guilty of insider trading is sour grapes.
What lesson did I learn from your post? That some people are liars and look to cast blames on others for their own decisions.
Why in the world would an expert trader like yourself place an order for something that was over $1000 higher on GDAX compared to other exchanges? Why because you thought you could scalp it and sell it for more to someone else. You played a very dangerous speculative game and lost - I hope the tuition payment you spent will be taken to heart.
The consequences of failure here are not exactly analogous to your example. 330 million people are not going to impacted by whatever is considered a failure here.
It sounds like unless you can pressure the individuals involved, a judge will be a sore disappointment. Feel free to talk to a lawyer, but no lawyer will take this case unless you pay them upfront and they will likely tell you that you are going to lose this and its not worth your time/money.
You might want to take some of your individual responsibility and correct your statement.
If I lose your money, lie to you, but then I give you 10X your money because I had that in a bank account somewhere because I won the lottery doesn't mean that I didn't commit fraud in relation to your original investment.
Just because your "investment" was repaid at a greater amount doesn't mean you weren't defrauded. He made money because of a settlement, NOT because the investment was in pharma. From your own source article:
...largely through an agreement in which Shkreli gave him shares in his drug company Retrophin Inc.
Shkreli committed fraud, got caught, investors realized they were defrauded, Shkreli then settled privately and paid them above their initial investments with funds completely unrelated to their investments.
He made millions because Shkreli got lucky and was able to settle with them privately. That does not absolve him from the criminal actions he committed just because he settled the civil cases. If Shkreli didn't get lucky with his pharma scheme those investors would not get paid back because their original investment funds were all gone long ago, and again, were not involved in the pharma scheme.
You seem to lack the understanding of the facts in this case.
haha no... he LOST their money (All of it), LIED about it (fraud), and paid them back with OTHER funds.
Get the facts right first. Misstated - information, the only misstatements are in your post.
I'm happy to bash him as well, but I still think the actual jail time should be on legal not social law breaking. Everyone hates someone that is a douchebag, and this guy embraces it making him a perfect target.
That's not how things work. The man committed fraud, entering into another scheme - got lucky - enough to pay off the previous people he jilted. That does not mean the crimes committed prior to the pharma scheme should be ignored.
Fraud sounds like a perfectly normal thing to go to jail for.
Usually this leads to drugs first and not outright suicide, but it is still nonetheless quite harmful to the individual.
You will transfer a hell of a lot less wealth today than last week - what a great method of transferring wealth!
That you are unsatisfied with it nonetheless is fine, but that is a separate issue.
https://status.coinbase.com/incidents/p9r8swts79xd
google search that took .00001 seconds
You are way way too late to the crypto party - wait a few months, almost a certainty you can buy whatever you want cheaper. Insanity reigns right now.
I make no claims about what happens in the future though.
I could always resell the video cards I bought at near cost. Buying speculative coins is another matter entirely. Further, I'm not mining ETH - if I took your advice on the coin I am mining I would have a net LOSS not gain. You should take another look at the economics of mining, I think you have a few aspects misunderstood.
In the summer, I had the rigs in 1 room air cooled with just the windows open - no problems with 90 degree F days at all. Fun project, and so far quite successful.
Its a speculative investment, not 1% savings account. The original question is a bit naive.
After not seeing ads for so long, actually getting an ad is insufferable - I closed the window and just didn't watch the video and set a mental note that I might go back and watch it once my ad blocker is updated. Immediately after the ad started playing was a pop-under that asked if i wanted to upgrade to youtube red. If they actually defeat ad blockers, I actually would subscribe if it meant no more ads again.
Do people on the internet actually watch these ads? I thought to myself why in the world would anyone want to go on the internet if it meant having to view this garbage. I'm really getting spoiled and conditioned with my mostly ad free existence.
As a very liberal person myself, seeing this gives me a bit of hope that perhaps other more extreme liberals also give this another look and take down the outrage a little bit. Very interesting.