Willy Observer

[T.Stuart]

The point of this sick, absurdly-named thread is to gather observations about Willy the bot, aka "Uncle Willy" when he's bull, "Aunt Milly" when he's bear, etc. etc., who resides currently at Mt. Gox.

Extra points (sportsman's bet here people - I'm not handing out BTC for correct guesses) go to those who can accurately predict when Willy is going to get switched on and off.

Also, can anyone shed some light on the identity / identities of Willy's puppet master. Who is pulling the strings on this poor droid, forcing him to engage in perverse market activity? 

Or is he just poorly-programmed?

If you think there is no "Willy" and this is all a load of nonsense, please feel free to say so.

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[AmazonStuff]

Willy is dead, these are his last twitches, his battle was lost at the moment of his buggy creation, because he was programmed to swim against the tide.

[MoreFun]

I will quote my observations and thoughts from the other thread.

Why this bot is still selling at such a low price???

He probably has some insider info (gox has no coins?), otherwise he would be able to move coins to other exchange in a few days when withdrawals are fixed on gox.

I believe this is very important question to be answerd.  

[TERA]

There are many theories you could make about this if you predict that mtgox actually has no coins and is going to close. It could be mtgox selling fake bitcoins on their exchange to suck fiat out of the market so that everyone who tries to trade btc there loses and ends up able to claim less fiat. When this goes to court for the court to settle reimbursing people's accounts, the court isn't going to be looking at bitcoin. The court isn't going to bother tracing bitcoin trades on the exchange and won't care about someone saying "but I got sold fake bitcoins". The judge might think that "fake bitcoin" is an oxymoron. They will, however, be looking at the amount of fiat that people held.

[T.Stuart]

There are many theories you could make about this if you predict that mtgox actually has no coins and is going to close. It could be mtgox selling fake bitcoins on their exchange to suck fiat out of the market so that everyone who tries to trade btc there loses and ends up able to claim less fiat. When this goes to court for the court to settle reimbursing people's accounts, the court isn't going to be looking at bitcoin. The court isn't going to bother tracing bitcoin trades on the exchange and won't care about someone saying "but I got sold fake bitcoins". The judge might think that "fake bitcoin" is an oxymoron. They will, however, be looking at the amount of fiat that people held.

I disagree that if it went to court the Bitcoins would be overlooked. Bitcoin is already treated as an asset. I think it would be preferable to have lost Bitcoins over fiat because with Bitcoin you could try suing for the market price at the date of trial, which is likely going to be much more than it is today.

EDIT: ...would likely...  

[T.Stuart]

Well, at least it looks like they just pulled the plug on bear Willy for the moment. That's kind of them!

[T.Stuart]

Unless I am mistaken, Willy's back online. Looks like just started