Ninjastic
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Board Speculation
Re: Someone is trying to manipulate the market (Mt.Gox) and are successful...
by
kjj
on 22/09/2011, 16:21:00 UTC
Quote from: S3052 on September 22, 2011, 03:58:45 PM
Quote from: kjj on September 22, 2011, 03:22:39 PM
Quote from: S3052 on September 22, 2011, 06:06:58 AM
If MtGox is trading on its own exchange this is insider trading and should be stopped.
we should clarify this with the owner Mark kapeles.

MagicalTux has already stated that mtgox doesn't trade at all because it would be unfair, or at least look that way.  That may or may not be true, but I don't consider the whining of lousy traders or the insane speculation of conspiracy theory nuts to be evidence in either direction.

If someone does have actual evidence, I would love to see it, as would everyone else, I'm sure.  That none has appeared seems to say a lot, even if it is neither conclusive nor final.

If Mark Kapeles said that publicly, then I believe him

It was in #mtgox on freenode IRC a while back.  They collect fees in whatever currency is being purchased, so they end up with a lot of BTC.  He said that they save it for purchases, like buying bitomat.pl, rather than trade it because of their position as insiders.  I saw it, but don't have logs, so now you are trusting me (and my memory), plus him, but I'm sure he'd give the same answer if someone asked again.