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So you are willing to deny Carta the ability to generate profits because you do not think that confidential financial information should be used to set prices o

So you are willing to deny Carta the ability to generate profits because you do not think that confidential financial information should be used to set prices on some financialed instruments and commodities. Did I get that right?

jedberg 3y ago
Not without permission from the owner of the confidential information. I don't think that's controversial.
- symmetrist 3y ago
  It is controversial if you are a free market supremacist like myself and believe that the market should be setting any and all prices. Removing market inefficiencies is what capitalism is all about and preventing the trading of pre-IPO shares seems like a very glaring inefficiency for setting the actual price of Linear.
  - jedberg 3y ago
    I never said anything about preventing the trading. I said Carta should not steal information to set the price. Even a free market supremacist should understand the moral hazard of using stolen information to set prices.
    - symmetrist 3y ago
      [dead]
      - jedberg 3y ago
        IF you tell your doctor about how you can't get an erection should they be allowed to sell your name to the company that makes Viagra? Do you think there is an expectation of privacy? Do you think that would have a chilling effect on going to the doctor if that were allowed? Carta is paid to store my data securely and privately. They broke that contract. Even Libertarianism demands that contracts be honored and enforced. Without contracts we don't have a system anymore.
        haltist 3y ago
        [dead]
j4yav 3y ago
If their business is to be a safe place for confidential data it does seem a bit strange to be shocked that someone would dare deny their right to give away the confidential data for fun and profit. If I had a contract with you to keep something of yours safe, and you found out I sold it, would your response be something like “behold the power of the free market”?
- haltist 3y ago
  What's your opinion of banks?

jedberg 3y ago

Not without permission from the owner of the confidential information. I don't think that's controversial.

symmetrist 3y ago
It is controversial if you are a free market supremacist like myself and believe that the market should be setting any and all prices. Removing market inefficiencies is what capitalism is all about and preventing the trading of pre-IPO shares seems like a very glaring inefficiency for setting the actual price of Linear.
- jedberg 3y ago
  I never said anything about preventing the trading. I said Carta should not steal information to set the price. Even a free market supremacist should understand the moral hazard of using stolen information to set prices.
  - symmetrist 3y ago
    [dead]
    - jedberg 3y ago
      IF you tell your doctor about how you can't get an erection should they be allowed to sell your name to the company that makes Viagra? Do you think there is an expectation of privacy? Do you think that would have a chilling effect on going to the doctor if that were allowed? Carta is paid to store my data securely and privately. They broke that contract. Even Libertarianism demands that contracts be honored and enforced. Without contracts we don't have a system anymore.
      - haltist 3y ago
        [dead]

j4yav 3y ago

If their business is to be a safe place for confidential data it does seem a bit strange to be shocked that someone would dare deny their right to give away the confidential data for fun and profit. If I had a contract with you to keep something of yours safe, and you found out I sold it, would your response be something like “behold the power of the free market”?

haltist 3y ago
What's your opinion of banks?