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Topic: The Willy Report...What do you guys make of it? (Read 6541 times)

jr. member
Activity: 42
Merit: 1
It’s clear the Willy Report took immense effort to compile and verify, and its findings on market manipulation are hard to refute. For Crypto All Stars, which is currently priced at $0.15 per token, maintaining transparency is crucial. While market manipulation is problematic, it’s interesting to note that such actions sometimes boost market liquidity and attract investors, as seen in past scenarios. Ensuring fair practices will be key for Crypto All Stars to build trust and avoid similar pitfalls.

Indeed the effort behind the Willy Report is commendable, and its findings on market manipulation offer a critical perspective which cannot be overlooked. As for the transparency, it is undeniably essential, especially for projects like Crypto All Stars, which are still in their early stages.

While it's true that market manipulation can sometimes lead to increased liquidity and investor interest, but it can also have a completely opposite impact - you never know.

As you pointed out, ensuring fair practices and maintaining transparency will be vital for Crypto All Stars. And yes, the foundation of trust as a cornerstone for success is particularly relevant in crypto's rapidly evolving and sometimes unpredictable world.
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
i had my suspicions that something like this was going on, but figured it was crazy talk. it's crazy how things like this happen in bitcoin -- wild wild west stuff. can't wait until we get some professional level decentralized exchanges.
FTFY
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
I just wanted to let you know that i sold my good old friend Willy to Slovenia. They are having some problems configurating him correctly.
But i´m on my way to the airport right now, to help em get everything fixed. You will soon see a new ATH.


Yours

Mark
You can not be the right Mark Karpeles, since he would have written soon-ish. Wink

Lol the letter above is classic!!
hero member
Activity: 714
Merit: 500
I just wanted to let you know that i sold my good old friend Willy to Slovenia. They are having some problems configurating him correctly.
But i´m on my way to the airport right now, to help em get everything fixed. You will soon see a new ATH.


Yours

Mark
You can not be the right Mark Karpeles, since he would have written soon-ish. Wink
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
I haven't been back to this thread in a bit, you guys are right, the article has been removed. And the plot thickens... Dun dun dun... Does anyone still need to read it? We can copy and paste it here if so...
hero member
Activity: 910
Merit: 1003
Page seems to have been taken down
Welcome to the Brave New Free World...
newbie
Activity: 3
Merit: 0
just a precursor to a major dump
sr. member
Activity: 280
Merit: 257
bluemeanie
So, he was right after all, at least in some major parts ...

they probably threatened to sue for defamation.

-bm
hero member
Activity: 714
Merit: 500
So, he was right after all, at least in some major parts ...
hero member
Activity: 778
Merit: 1002
hero member
Activity: 910
Merit: 1003
Please people do some basic research. Willy bot trading amounted to less than 3% of BTC traded in November (the figures are easy to find). The price impact would have been marginal. Without Willy the ATH might have been US$ 20 lower. So what?
The impact on price is not proportional to volume traded.  Most volume recycles the same coins and/or follows the price set by a few traders.  The effect of Markus's lump buys in August, for example, is quite evident.

If Markus/Willy it was indeed THE arbitrage trader that brought the rally from China to MtGOX (and I still have not seen any argument to the contrary), then it was responsible for 90% of the all-time high.

Other arbitrage traders may have arisen if Markus/Willy wasn't there, and some such may have operated, in a less obvious manner, in the later stages of the rally.  However, direct arbitrage with China may have not ben trivial to set up.  Certainly is was not trivial after the December decrees, when BTC-China lost its convenient bank-mediated money channels.  Also, until Nov/29 the arbitrage flow was all in one direction, while after Nov/29 it had to work in both directions, and quickly.  Different arrangements with China, and other money channels, would have been required then.
full member
Activity: 211
Merit: 100
legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
I said it once and I repeat. we know how BOTs work, we know they are there. Willy does not matter.
hero member
Activity: 552
Merit: 501
Please people do some basic research. Willy bot trading amounted to less than 3% of BTC traded in November (the figures are easy to find). The price impact would have been marginal. Without Willy the ATH might have been US$ 20 lower. So what?
hero member
Activity: 910
Merit: 1003
The price had a sudden drop minutes ago.  I suppose that it is the Chinese traders reading the Willy Report, realizing that they never existed, and dumping their non-existent coins on their non-existing exchanges.  Wink
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
Just for curiosity: the Willy Report got some coverage in Chinese e-media today (which is alread Tue May/27 in China)

比特币去年年末暴涨,是因为机器人交易?
[GT]Bitcoin skyrocketed late last year , because the robot trading ?[/GT]
2014-05-27 08:32:59 Source: ZDNet
http://tech.163.com/14/0527/08/9T85SOTU000915BF.html

Since all this took place during bitcoin's rise mainly in Nov/Dec 2013, I would think that an ATH that a bot may or may not have brought on (back then),  should not have too much effect on current prices.  As we all know 6 months ago in BTC time, is like a decade ago...
hero member
Activity: 910
Merit: 1003
Just for curiosity: the Willy Report got some coverage in Chinese e-media today (which is alread Tue May/27 in China)

比特币去年年末暴涨,是因为机器人交易?
[GT]Bitcoin skyrocketed late last year , because the robot trading ?[/GT]
2014-05-27 08:32:59 Source: ZDNet
http://tech.163.com/14/0527/08/9T85SOTU000915BF.html
sr. member
Activity: 280
Merit: 257
bluemeanie
i had my suspicions that something like this was going on, but figured it was crazy talk. it's crazy how things like this happen in bitcoin -- wild wild west stuff. can't wait until we get some professional level exchanges.

That is a double edged sword, because a lot of people will say that regulation will prevent things like this (even though it wouldn't)...

we can prevent it with technology.

in the NXT AE, the only risk in 'counterparty risk' as in- will the issuer of your bearer asset redeem the value of the note?  The risk varies depending on the nature of the underlying in question(if it's bitcoin the risk can be reduced to near zero).  Also the risk can flow freely on the exchange, if an issuer is thought to be disreputable, people will transfer out instantly- thus there is a near real-time reflection of issuer reputation.

ex.  someone issues gold-backed bearer shares in Switzerland.  News got out that their reserves were incomplete- within minutes of the press release, the trading value of those bearer assets are halved.

This real-time response forces the issuers to adhere to strict standards of accountability.

-bm
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
i had my suspicions that something like this was going on, but figured it was crazy talk. it's crazy how things like this happen in bitcoin -- wild wild west stuff. can't wait until we get some professional level exchanges.

That is a double edged sword, because a lot of people will say that regulation will prevent things like this (even though it wouldn't)...
hero member
Activity: 658
Merit: 500
i had my suspicions that something like this was going on, but figured it was crazy talk. it's crazy how things like this happen in bitcoin -- wild wild west stuff. can't wait until we get some professional level exchanges.
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