The Willy Report...What do you guys make of it?

[bluemeanie1]

knc bfl avalon bitfury mgox bitstamp fundation is same hole

we are fuck
bitcoin is opensource but persons are corrupt

I tend to throw CoinDesk into that dirty bucket as well.

-bm

[hdbuck]

knc bfl avalon bitfury mgox bitstamp fundation is same hole

we are fuck
bitcoin is opensource but persons are corrupt

I tend to throw CoinDesk into that dirty bucket as well.

-bm

agreed. we doomed. i would rather have preferred people like Phin, MP & Friedcat to lead Bitcoin to eternal glory

[helmax]

right coindesk maybe do part this mafia

but this moment bot is running in china as you can see http://p2pbucks.com/altcoin/pie.php

[igorr]

today's popular business,

1.open exchange
2.0% fees
3.cooperate with mining company
4.spread speculation
5.buy willy boot


And Grow Rich

[bitfreak!]

Well I read the report, and my conclusion is, Karples deserves life in prison.

[JorgeStolfi]

Wow. I am shocked. Pretty much all I thought I knew about the history of Bitcoin seems to be fake, all the bubbles, the crazy rides... all just driven by a crazy fat dude who loves overpriced coffee drinks. Thank you for the thorough report, I learned a lot.

I still believe my reading of the report: the bubbles were real, caused by the demand in China, and Markus/Willy were merely carrying them over to MtGOX by arbitrage (probably with BTC-China at first).  It does not contradict the facts of the report, and seems supported by the data from BTC-China.  

There is nothing wrong with arbitrage, of course, even when it radically changes the "natural" price at a given exchange.  There may be ethical problems, perhaps, if the arbitrager is also the exchange owner, or has special privileges that are denied to other traders.  Doing arbitrage with fake money, counting on later inputs, would have been very risky, and was ultimately fatal.   Allowing clients to deposit and trade, without telling them that the exchange was insolvent, will be hopefully characterized as crime.

EDIT: not to mention stalling withdrawals and lying to customers all the time.

[Nathonas]

I'm not well versed in financial matters and the technicalities of bitcoin maybe somebody can help:

Is it possible to link this data to information on the blockchain? to verify the movement of bitcoin and to see where it went.

You may remember they all but halted JPY withdrawals in early January, yet somehow cleared ALL pending JPY withdrawals the day they shut down in late February.

Does this mean that Gox took the customers money and withdrew it to their bank accounts in Japan?

[Joshuar]

Wow. I am shocked. Pretty much all I thought I knew about the history of Bitcoin seems to be fake, all the bubbles, the crazy rides... all just driven by a crazy fat dude who loves overpriced coffee drinks. Thank you for the thorough report, I learned a lot.

I still believe my reading of the report: the bubbles were real, caused by the demand in China, and Markus/Willy were merely carrying them over to MtGOX by arbitrage (probably with BTC-China at first).  It does not contradict the facts of the report, and seems supported by the data from BTC-China.  

There is nothing wrong with arbitrage, of course, even when it radically changes the "natural" price at a given exchange.  There may be ethical problems, perhaps, if the arbitrager is also the exchange owner, or has special privileges that are denied to other traders.  Doing arbitrage with fake money, counting on later inputs, would have been very risky, and was ultimately fatal.   Allowing clients to deposit and trade, without telling them that the exchange was insolvent, will be hopefully characterized as crime.

EDIT: not to mention stalling withdrawals and lying to customers all the time.

THis^^

As soon as the Chinese government "cracked" down on Bitcoin, the uptrend stopped and the price fell immediately from $1200 to $900...

That means the Chinese were the ones for the cause of the bubble, with Willy merely instigating it.

[igorr]

I'm not well versed in financial matters and the technicalities of bitcoin maybe somebody can help:

Is it possible to link this data to information on the blockchain? to verify the movement of bitcoin and to see where it went.

You may remember they all but halted JPY withdrawals in early January, yet somehow cleared ALL pending JPY withdrawals the day they shut down in late February.

Does this mean that Gox took the customers money and withdrew it to their bank accounts in Japan?

Judge for yourself;

https://www.youtube.com/watch?v=ob9Ak1t09Ao

[bluemeanie1]

knc bfl avalon bitfury mgox bitstamp fundation is same hole

we are fuck
bitcoin is opensource but persons are corrupt

I tend to throw CoinDesk into that dirty bucket as well.

-bm

agreed. we doomed. i would rather have preferred people like Phin, MP & Friedcat to lead Bitcoin to eternal glory

I realize I've mentioned NXT many times lately, but IMHO the good people are over at the NXT project.

-bm

[hdbuck]

Wow. I am shocked. Pretty much all I thought I knew about the history of Bitcoin seems to be fake, all the bubbles, the crazy rides... all just driven by a crazy fat dude who loves overpriced coffee drinks. Thank you for the thorough report, I learned a lot.

I still believe my reading of the report: the bubbles were real, caused by the demand in China, and Markus/Willy were merely carrying them over to MtGOX by arbitrage (probably with BTC-China at first).  It does not contradict the facts of the report, and seems supported by the data from BTC-China.  

There is nothing wrong with arbitrage, of course, even when it radically changes the "natural" price at a given exchange.  There may be ethical problems, perhaps, if the arbitrager is also the exchange owner, or has special privileges that are denied to other traders.  Doing arbitrage with fake money, counting on later inputs, would have been very risky, and was ultimately fatal.   Allowing clients to deposit and trade, without telling them that the exchange was insolvent, will be hopefully characterized as crime.

EDIT: not to mention stalling withdrawals and lying to customers all the time.

THis^^

As soon as the Chinese government "cracked" down on Bitcoin, the uptrend stopped and the price fell immediately from $1200 to $900...

That means the Chinese were the ones for the cause of the bubble, with Willy merely instigating it.

aaaaahahahahahahah
thats too much i cant take it anymore. even with tangible proofs, how come people here still are blind by the sh*t they have in their eyes, following like little sheeps what academic trollz come up with best with their narrowed understanding of Bitcoin and its ecosystem.

[Joshuar]

Wow. I am shocked. Pretty much all I thought I knew about the history of Bitcoin seems to be fake, all the bubbles, the crazy rides... all just driven by a crazy fat dude who loves overpriced coffee drinks. Thank you for the thorough report, I learned a lot.

I still believe my reading of the report: the bubbles were real, caused by the demand in China, and Markus/Willy were merely carrying them over to MtGOX by arbitrage (probably with BTC-China at first).  It does not contradict the facts of the report, and seems supported by the data from BTC-China.  

There is nothing wrong with arbitrage, of course, even when it radically changes the "natural" price at a given exchange.  There may be ethical problems, perhaps, if the arbitrager is also the exchange owner, or has special privileges that are denied to other traders.  Doing arbitrage with fake money, counting on later inputs, would have been very risky, and was ultimately fatal.   Allowing clients to deposit and trade, without telling them that the exchange was insolvent, will be hopefully characterized as crime.

EDIT: not to mention stalling withdrawals and lying to customers all the time.

THis^^

As soon as the Chinese government "cracked" down on Bitcoin, the uptrend stopped and the price fell immediately from $1200 to $900...

That means the Chinese were the ones for the cause of the bubble, with Willy merely instigating it.

aaaaahahahahahahah
thats too much i cant take it anymore. even with tangible proofs some people here still are blind by the sh*t they have in their eyes, following like little sheeps what academic trollz come up with best with their narrowed understanding of Bitcoin and its ecosystem.

Why are you here? Go to 4chan.

[bluemeanie1]

Wow. I am shocked. Pretty much all I thought I knew about the history of Bitcoin seems to be fake, all the bubbles, the crazy rides... all just driven by a crazy fat dude who loves overpriced coffee drinks. Thank you for the thorough report, I learned a lot.

I still believe my reading of the report: the bubbles were real, caused by the demand in China, and Markus/Willy were merely carrying them over to MtGOX by arbitrage (probably with BTC-China at first).  It does not contradict the facts of the report, and seems supported by the data from BTC-China.  

There is nothing wrong with arbitrage, of course, even when it radically changes the "natural" price at a given exchange.  There may be ethical problems, perhaps, if the arbitrager is also the exchange owner, or has special privileges that are denied to other traders.  Doing arbitrage with fake money, counting on later inputs, would have been very risky, and was ultimately fatal.   Allowing clients to deposit and trade, without telling them that the exchange was insolvent, will be hopefully characterized as crime.

EDIT: not to mention stalling withdrawals and lying to customers all the time.

THis^^

As soon as the Chinese government "cracked" down on Bitcoin, the uptrend stopped and the price fell immediately from $1200 to $900...

That means the Chinese were the ones for the cause of the bubble, with Willy merely instigating it.

aaaaahahahahahahah
thats too much i cant take it anymore. even with tangible proofs, how come people here still are blind by the sh*t they have in their eyes, following like little sheeps what academic trollz come up with best with their narrowed understanding of Bitcoin and its ecosystem.

there is a very clear aspect here of blaming China for the problems, when it's clear the corruption is not coming from China.

-bm

[ndrog]

Price is retreating slowly. Now that the cat is out of the bag with the Willie Bot.

[igorr]

Price is retreating slowly. Now that the cat is out of the bag with the Willie Bot.

Broken bot,
new TypeError([message[, fileName[,lineNumber]]])

[cuddaloreappu]

[bluemeanie1]

Im publishing my source code for my trading bot:

if ( CoinDeskReview == Positive ) then {

 buy++;

} else {

 sell( immediately );

}

-bm

[RUEHL]

Willie Report 2 months old Reddit rehashed news http://goo.gl/VYDOvP

Maybe 4 months old http://goo.gl/21JQxJ

Already priced into Market back during the March and April doldrums.

[Polycoin]

Except that the database withdrawals and deposits have been matched to the blockchain:

http://www.reddit.com/r/mtgoxAddresses/comments/25gq8h/likely_mt_gox_transactions_identified/

So the coins are real.

Moreover, in regards to Markus, we know that MT Gox made about 300k btc in profits, we also know that MK sold about 220k btc, and we further know that MK currently hold on gox about 70k-80k btc.

So MK sold his btc - nothing wrong with that.

So the whole story of Willy was exaggerated and falsified by someone wanting to try and drive Bitcoin's price down, and it was just Mark Karpeles laundering his stolen Bitcoins, while using a trading Bot to make it seem to onlookers that it was a hacker who was manipulating MtGox?  

[igorr]

Except that the database withdrawals and deposits have been matched to the blockchain:

http://www.reddit.com/r/mtgoxAddresses/comments/25gq8h/likely_mt_gox_transactions_identified/

So the coins are real.

Moreover, in regards to Markus, we know that MT Gox made about 300k btc in profits, we also know that MK sold about 220k btc, and we further know that MK currently hold on gox about 70k-80k btc.

So MK sold his btc - nothing wrong with that.

So the whole story of Willy was exaggerated and falsified by someone wanting to try and drive Bitcoin's price down, and it was just Mark Karpeles laundering his stolen Bitcoins, while using a trading Bot to make it seem to onlookers that it was a hacker who was manipulating MtGox?  

Who is next ?
https://www.youtube.com/watch?v=ob9Ak1t09Ao