Im kind of curious to know if the dev's trade around this info or halt their trading activity day of patches? It can be dangerous to play in these games when this is the case. I have no reason to believe but have the dev's assured anyone that they don't trade off the knowledge?
Kinda seems well played for those in the "know"
If they wanted to trade on inside info, I don't think #darkcoin-test would be publicly visible.
I just wonder if hes stated it either way. I can't help but feel like If I had a lot of coins I'd want to hope I would be fair. But you put thousands of dark coins in my hand and tell me nobody will know if I sell first and then tell news... makes it easily manipulated from the inside. As someone who wants to stay long with 30 dark domains registered I hope to have confidence and the team and products integrity as well.
know what I mean?
I think Evan is pretty busy monitoring the system and its wellbeing rather than trading the coin.
But, there are several layers of information.
The way information propagates is something like this:
1) IRC
2) Bitcointalk / Darkcointalk (in days like this it's Bitcointalk)
3) The internet at large
Even at the IRC level, it has two strata, one being #darkcoin and another being #darkcoin-test, with #darkcoin-test being more in the know than #darkcoin.
In finance, the two most prized abilities are
- Knowing the future
- Controlling the future
...as you can make tons of money out of these.
What happened earlier is that #darkcoin-test witnessed an announcement to something like 50-60 people that there is a problem and that the dev will shut down payments with a patch. Everyone else (#darkcoin IRC, darkcointalk, bitcointalk, etc) were in the "dark" and celebrating about the success of the patch. Some were already selling on those who were celebrating and asking "why are people dumping???" given that some had better info than others.
Note that this is not a function of being an insider, but rather actively seeking information to be up-to-date, as the info is public for all if one goes to the proper channels.
Some on the IRC felt that my taking this info from darkcoin-test and posting it onto bitcointalk is not good and that perhaps darkcoin-test should be password-locked or something. I made the case that if that happens, this lack of transparency is then in itself a function of financial manipulation because those who have a password, will have access to advance info against all the others.
A password for a closed IRC channel could be worth XX.XXX USD in this context.The market should mature in its reactions to good or bad news (ok this is cryptoland, so...) but, IMO, transparency is non-negotiable in this aspect.
I don't have the requirement for information to be brought to me, and 99.9% of the time I don't even bother to find the info (=log into IRC) but today I did because I knew if I didn't I would be lagging in terms of updates. So I tried to relay this info to the forum as well. If the darkcoin-test was closed, that would be impossible.
The dev doesn't possess bi-location ability to be simultaneously able to post in the forum, irc, twitter, facebook etc etc, while also seeing the problems and trying to fix them. He is one man and thus can only post in certain places at a certain pace given time and workload constraints. People in here bitch about information/communication issues, and the dev not giving updates to the forum, when in fact he is active on the IRC, but the info is not always reaching the forum and it creates unnecessary panic that the dev is somehow absent when the whole universe is imploding.
In any case, to make the long story short, I haven't seen any evidence of financial manipulation. And, as long as the process / communication is transparent, we will be OK.
