He has pretty much been telling everyone here exactly what he is doing and still managed to own a lot of people pretty hard.
No. Everybody following sturle's advice still has their value tied up in Gox, which at this point equals to theft, with the caveat that the thief may at his sole discretion give the funds back, but has until now shown no inclination to do so (to the general public me included at least).
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By the way here is a timeline of how he explained the situation you are complaining about, hope it makes things more clear:
1. Mt gox lag goes to 1 minute.
2. Sturles bot pulls his orders.
3. Mt gox lag goes to 2 minutes.
4. You place your market order, still seeing the bots order in the book because of the lag, but it has already been removed.
1. Mt gox lag goes to 1 minute.
2. Sturles bot pulls his orders.
3. Mt gox lag goes to 2 minutes.
4. You place your market order, still seeing the bots order in the book because of the lag, but it has already been removed.
The goxlag shot to 2 minutes solely as a result of my order. Before the order it was ~1 second.
My hunch is that goxlag is operated auto-manually.
Even if not, Sturle confessed that his bot has priority access to remove the orders when goxlag hits a certain threshold, without regard that the lag is caused by a single market order under execution. To even program your trading engine so as to enable this feature, requires evil imagination.
Check the logs, it is all public, and I even took screenshots. Next time anyone do a critical market order, take a screenvideo. That'll teach them
