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vegabooktoday at 8:40 AM1 replyview on HN

Knowingly attempting to buy or sell in quantities likely to move markets, for direct profit, is called manipulation and is most definitely illegal. this is true in physical markets commodity markets and financial markets. Not saying that this is what openAI is doing but it definitely merits an investigation.


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sophrosyne42today at 9:12 AM

All quantities bought or sold on the margin will move the market. Whether it moves the market is not up to the buyer or seller; it is up to other buyers and sellers who react to that transaction and adjust their expectations. This is normal market dynamics, dynamics we should want to happen because markets adjusting to movements of big players performs a social function; you and I need to know how large movenents of resources affects our livelihoods, and this is how that can happen.

There is no reason to pathologize or find suspicious these normal economic facts. Especially when it is not within the power of a big player to choose how other people react to their actions, which is all "moving markets" is. If something is suspicious and illegal about that, then it is equally suspicious that you and I seem to go along with this "market movement" by these big players and pay the new prices. Are we colluding with them? We could do with less conspiracy-minded interpretations of these things.

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