Author

Topic: "Willy" was not a conspiracy nor a hack. It was a bot/API for high value clients (Read 1193 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
The only obvious thing is that a single bot cannot be the major cause of a bitcoin bubble.
The simple fact that all the trading volume was equally spread throughout all the major exchanges pretty much proves that all the panic buying was real and not the product of some bot on ONE exchange (aside from fake volume, which doesn't directly influence the price anyway).

You don't use these terms in that fashion. They aren't supposed to give your standpoint more more weight, they are to be used to refer to terms not open to debate, based on the silent agreement of both parties.

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Your theory fails to meet all the evidence. If you believe the evidence you can't think it was a simple API bot because it wouldn't have these discrepancies, like no fees and special tags in the database.
The author of the reddit post actually explains why it would have had no fees and special tags and all...

Yeah, obviously, but then it fails to meet Occam's criteria.
hero member
Activity: 742
Merit: 500
I still think theres a lot of speculation and assumption about this whole ordeal. I'm waiting for more evidence / clarification.
I don't think we will never know at this point...

The only obvious thing is that a single bot cannot be the major cause of a bitcoin bubble.
The simple fact that all the trading volume was equally spread throughout all the major exchanges pretty much proves that all the panic buying was real and not the product of some bot on ONE exchange (aside from fake volume, which doesn't directly influence the price anyway).
sr. member
Activity: 315
Merit: 250
I still think theres a lot of speculation and assumption about this whole ordeal. I'm waiting for more evidence / clarification.
hero member
Activity: 742
Merit: 500
Your theory fails to meet all the evidence. If you believe the evidence you can't think it was a simple API bot because it wouldn't have these discrepancies, like no fees and special tags in the database.
The author of the reddit post actually explains why it would have had no fees and special tags and all...
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Your theory fails to meet all the evidence. If you believe the evidence you can't think it was a simple API bot because it wouldn't have these discrepancies, like no fees and special tags in the database.
sr. member
Activity: 294
Merit: 250

I have several accounts Gage. One of them is a Hero  Roll Eyes

I'm not trolling atm and have been monitoring MtGox, Bitstamp, and BTC-E, and with honesty can say that it was a Money Laundering Attempt on MtGox and I personally have never actually taken anyone's Bitcoins and never will, staff can confirm that.

sr. member
Activity: 294
Merit: 250
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Is this the "Free Willy" thread?  Cheesy
The Willy report showed huge volume spikes related to bot buying. Does it matter what caused the last "bubble" as long as Bitcoin has massive real growth now?
hero member
Activity: 742
Merit: 500
Willy was not responsible for most of the boom in price in November.

If the Chinese government cracking down on Bitcoin dropped the price uptrend from around $1200 to $900, then there'd be no way Willy was the sole driver of the price..it was the Chinese, simple.

Over 2billion Chinese and Plenty of Billinaires> Willy

Exactly.

hero member
Activity: 504
Merit: 500
eidoo wallet
Willy was not responsible for most of the boom in price in November.

If the Chinese government cracking down on Bitcoin dropped the price uptrend from around $1200 to $900, then there'd be no way Willy was the sole driver of the price..it was the Chinese, simple.

Over 2billion Chinese and Plenty of Billinaires> Willy
hero member
Activity: 742
Merit: 500
This is not me, it comes from reddit:

http://www.reddit.com/r/Bitcoin/comments/26is61/the_simplest_explanation_is_usually_the_right_one/

Discuss.



The author agrees on a point I made on another topic related to this Willy thing though:

"Also, does anyone really think that Willy, a bot that was a small percentage of MtGox's volume, could really single-handedly incite an entire bubble when there were at least 2 or 3 other similarly sized exchanges?"
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