Bitcoin Forum
December 16, 2017, 04:02:28 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bye bye Willy...  (Read 987 times)
T.Stuart
Sr. Member
****
Offline Offline

Activity: 476



View Profile
February 28, 2014, 07:52:02 PM
 #1

It suddenly clicked.

Of course Willy was Mark's bot.

The Gox premium was pushed into existence over desperate months, when Mark realized the btc stash just kept running lower and lower.

He was "buying" (giving people cash IOUs) coins all the time, to fund btc withdrawals, hence the "Gox Premium". No wonder sellers couldn't get their cash out!

In the end he put Willy into reverse to help set up his notorious arb offer... and fiat withdrawals improve.

Just a couple of questions linger for me:

1. Presuming the heist happened or began years ago, at what point did Mark start buying back coins to try to make up the deficit?

2. Over the last "lockdown" weeks, were any of the potential "investors" already buying up, and if so are they stuck like everyone else or did Mark give them exit rights?

Anyway I know people want to move on if possible, but I just wanted to say "Bye bye Willy".





                                   
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ███████████████████████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ██████""""""       """"""██████U
  ██████                   ██████U
  ██████                   ██████U
  ████████████[     ]████████████U
  ████████████▌     ]████████████U
  ████████████▌     ]████████████U
  ████████████▄▄▄▄▄▄▄████████████U
  ╙█████████████████████████████▀ 
    ╙█████████████████████████╜   
      `▀███████████████████▀'     
          ╙█████████████▀`         
              ╙▀███▀╜`             
                                   
 
 






.✫ Forex in crypto for everyone ✫.
 
 






1513440148
Hero Member
*
Offline Offline

Posts: 1513440148

View Profile Personal Message (Offline)

Ignore
1513440148
Reply with quote  #2

1513440148
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513440148
Hero Member
*
Offline Offline

Posts: 1513440148

View Profile Personal Message (Offline)

Ignore
1513440148
Reply with quote  #2

1513440148
Report to moderator
1513440148
Hero Member
*
Offline Offline

Posts: 1513440148

View Profile Personal Message (Offline)

Ignore
1513440148
Reply with quote  #2

1513440148
Report to moderator
1513440148
Hero Member
*
Offline Offline

Posts: 1513440148

View Profile Personal Message (Offline)

Ignore
1513440148
Reply with quote  #2

1513440148
Report to moderator
roslinpl
Legendary
*
Offline Offline

Activity: 1456


#Designer /!/*/#/ Coder# #Cryptoenthusiast#


View Profile
March 01, 2014, 03:37:31 AM
 #2


Anyway I know people want to move on if possible, but I just wanted to say "Bye bye Willy".



Bye bye Willy Smiley

Bye Bye Gox.
I just want to move on...
Smiley
if possible...

All this Gox issues just can't stop

[
]
  




██
██
██
██
██
██
██
  

 ███████████████████████████████████
███████       ██████████   ████   ███
███████ █████ █████████ ███ ██ ███ ██
███████ █████ █████████ ███ ██ ███ ██
██      █████      █████   ████   ███
██ ███████████████ ██████████████████
██ ███████████████ ██████████████████
██ ███████████████ ██████████████████
██      █████      ██████████████████
███████ █████ ███████████████████████
███████ █████ ███████████████████████
███████       ███████████████████████
 ███████████████████████████████████


████ ████ ███  ████ ████  ███████       ████████  ███████
██████████████ ████ ████ █████████     █████████ █████████
████ ████ ████ ████ ████ ████ ████     ████ ████ ████  ███
████ ████ ████ ████ ████ █████████ ███ ████ ████ ██████
████ ████ ████ ████ ████ █████████ ███ ████ ████  ████████
████ ████ ████ ████ ████ ████          ████ ████      ████
████ ████ ████ ████ ████ ████ ████     ████ ████ ████ ████
████ ████ ████ █████████ █████████ ███ █████████ █████████
████ ████ ████  ███████   ███████  ███  ████████  ███████
          ████                              ████
          ██████████████               █████████
           █████████████               ████████
  




██
██
██
██
██
██
██
Miz4r
Legendary
*
Offline Offline

Activity: 1232


View Profile
March 01, 2014, 03:59:21 AM
 #3

Yes, I agree and it does make sense. I have actually made a post earlier while MtGox was still running that I thought that Willy the sell bot was Mark himself or someone in league with him. What I didn't see at that time was that the true reason for the bot to crash the price to $100 was that it would significantly decrease MtGox liabilities. 850k BTC at $500-600 per coin is a lot more expensive than those same BTC at $100 a coin...

Bitcoin = Gold on steroids
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!