billyjoeallen
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billyjoeallen
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February 08, 2014, 04:39:28 PM

Here's a hypothesis I haven't heard before: The willybot was wasn't in in-house bot for Gox, but for Second Market, who used the "world's most established exchange" to buy in bulk. Most of the purchases were dark pool orders, but when that pool dried up, willy went to work. Now Gox is locked up and Second Market needs another source of bulk coins, so under the guise of a two-way exchange, they are actually buying on behalf of the bitcoin Investment Trust (BIT).

If anyone has made a purchase from 2nd Market, I will be happy to revise or discard this hypothesis, but I'd like some feedback either way. If I'm right, liquidity is being soaked up under the RADAR at a scale few are aware of.