Luckily, it's becoming more and more possible to imagine a situation where a similar system exists. Just as some new technologies including self-deleting text messages from apps like Mark Cuban-backed Cyber Dust or Confide could theoretically make insider trading easier to pull off, other innovations could help to shift the burden of discover away from the SEC to where it belongs — in the hands of investors.



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To be clear, new technology isn't necessary for insider trading either. Just last month, an incident came to light where a confidant would write down illegal tips on a sticky note, share the note with a trader, and finally eat the note to destroy the evidence. Sometimes the illegal information does not travel across the web or electronically at all. But there's one system out there that could someday be used to catch all forms of insider trading, no matter how the materially nonpublic information is shared. The system I'm talking about is the bitcoin protocol.

Holding bitcoin as an asset, currency, or whatever you want to call it may not make sense to everyone. But those who understand bitcoin well realize that the block chain as it's referred to, could be a game changing innovation even outside the realm of bitcoin.