Does the Waldhausen K-theory detect Homotopy type?

This question is straightaway copied by OP from Mathoverflow and requires a thorough mathematical understanding of the Waldhausen category construction, its S-construction, K-theory, ring spectrum, loop spaces, Morita equivalence, etc. Asking such a type of question, which requires much preliminary justifications as to why such a theory should detect homotopy types and for which topological spaces and several other sophisticated ideas , implies displaying intellectual pomposity.Every mathematician expert in this field would ask several counter questions if they wanted to know what the space X's ring spectrum, loop space, and homotopy type are.If he knows the question before reading the answer, he should lighten himself.I don't copy paste answers if I don't understand them.