People in @ConstitutionDAO core contributor private chats should not be allowed to bet on prediction markets about whether they will be successful.
If anyone has private info about whales or other addresses, they should be very careful about putting money in prediction markets.
If anyone has private info about whales or other addresses, they should be very careful about putting money in prediction markets.
To be clear I didn’t see anyone discussing buying into those prediction markets
But there could be information in the private channels that is not publicly available that affect outcomes
But there could be information in the private channels that is not publicly available that affect outcomes
Crypto can be like the Wild West
Some securities laws exist for good reason (others, like number of investors allowed in a round at a time, or aspects of accreditation maybe less so, in my opinion)
Some securities laws exist for good reason (others, like number of investors allowed in a round at a time, or aspects of accreditation maybe less so, in my opinion)
In theory someone could make a second address anonymously and bet in a crypto prediction market using their insider info
There are markets set up around questions like “Will ConstitutionDAO get the constitution?”
There are markets set up around questions like “Will ConstitutionDAO get the constitution?”
I’m not trying to cause FUD, I’m trying to shine a light on this sort of exploitation of information asymmetry that comes from private channels + anonymous wallet creation
Taking these learnings from my time at ConstitutionDAO and will apply them to future projects
Taking these learnings from my time at ConstitutionDAO and will apply them to future projects
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