Fraudulent trading activity at Mt. Gox

Re:Fraudulent trading activity at Mt. Gox by oznathan on Sunday May 25, 2014 @10:25PM (#7798422)

I don't think the bot is responsible for either bubble.

But, if it was, the bitcoin world owes everything to Mark Karpeles. Because of the price surges it got all the media attention, VC investments, hundreds of companies popping up, millions of users...

[ Parent | on HN ]

Re:Fraudulent trading activity at Mt. Gox by sillysaurus3 on Sunday May 25, 2014 @10:51PM (#7798480)

... and hundreds of thousands of people losing everything they had in Mt. Gox (at best) and straight into Karpeles' pocket (at worst).

Are you sure we owe him?

[ Parent | on HN ]

Re:Fraudulent trading activity at Mt. Gox by oznathan on Monday May 26, 2014 @11:43AM (#7800179)

I lost some money there too, I've been their customer since 2011.

But if the main reason for the April and November bubbles is Willy, than the current (amazing) state of bitcoin is thanks to him.

[ Parent | on HN ]

Re:Fraudulent trading activity at Mt. Gox by throwaway7767 on Monday May 26, 2014 @07:26AM (#7799343)

These kinds of market manipulation shenanigans only reduces trust in bitcoin, so no, we don't owe that fuckwad anything.

I did gain (ever so slightly) from the higher price, and I didn't have any money with MtGox so no loss there. But I'm still unhappy about it, because I want to see bitcoin succeed in the long term.

[ Parent | on HN ]

Re:Fraudulent trading activity at Mt. Gox by oznathan on Monday May 26, 2014 @11:45AM (#7800190)

Unfortunately every market is highly manipulated... And in any market you deal with people who have more information than you. The game is trying to understand the manipulation.

[ Parent | on HN ]