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chydenius
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April 13, 2013, 05:20:09 PM
 #1

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ForceField
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April 13, 2013, 06:14:05 PM
 #2

From Pastebin:

Quote from: Pastebin Link
------------------------
   OPERATION APRIL FOOLSCOIN
------------------------

Targets: MtGox, BTCE, Bitcoin24, Bitstamp

Mission statement:

The recent sell-off was only partially successful for several reasons:

- Fresh blood looking to buy
- Overly bullish market
- Only one exchange targeted

April 1st occurs at the end of a bank holiday, fiat will be running low on the exchanges and it is the perfect time for a secondary strike. A triple bluff will be used to trick the market into collapse.

- Stage 1: Slowly buy BTC, use accounts to spread bullish propaganda on all major channels; bitcointalk, reddit, twitter, etc.
- Stage 2:  Dump 10k on Gox, and 1K on all other exchanges.
- Stage 3: Put buy orders in below the final sale price to profit from the panic sellers.
- Stage 4: When price rebounds to within 5% of the original price dump all remaining coins.
- Stage 5: DDoS all exchanges and spread negative propaganda on forums.
- Stage 6: Send the pre-made press releases to selected news outlets.

We got it this time.

Meet on IRC at the designated time and be prepared for a late night.


That was posted on Mar 29th, 2013. Everything leading up to the $266 high on April 10, 2013 may have been part of this "Operation April FoolsCoin".

The event that is referred to as "The recent sell-off was only partially successful" must be what you see below from March 28, 2013:


PC Hardware & Electronics For BTC     Traded w/: Kansattica | jduck1987 | shakaru | newdude | nitetrader | midievil | blo8i | mb300sd | juggalodarkclow | Garr255 | Tril | Ringmasta | SysRun | CrazyBlane | sokay | BCB | str4wm4n | PinkBatman | Bitobsessed | matauc12 | antimattercrusader | BryanK
ManBearPig
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April 13, 2013, 07:00:35 PM
 #3

At the time, I dismissed that as fake.

It could still be fake but it might still be true!

I tweet crypto nonsense: https://twitter.com/DunningKruger_
dg2010
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April 13, 2013, 07:03:53 PM
 #4

If you think this is real then you've been watching too much American TV.

This is the biggest pile of bullshit i've read all week.

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Spurn wild goose chases. Seek that which endures.


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April 13, 2013, 07:07:30 PM
 #5

If you think this is real then you've been watching too much American TV.

This is the biggest pile of bullshit i've read all week.
I'd laugh it off as another Xeanu joke, if the big rally didn't happen on April Fools Day (two days after the document's posting).

I'm far from being convinced, but I'm having more trouble dismissing it out of hand.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
ForceField
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April 13, 2013, 07:16:58 PM
 #6

If it is truly what happened, its disconcerting, that a small group of individuals acting like an OPEC-type cartel of Bitcoin can manipulate the market in such negative ways.

Though it wouldn't be surprising if 'they' attempt another 'operation' in the future.

PC Hardware & Electronics For BTC     Traded w/: Kansattica | jduck1987 | shakaru | newdude | nitetrader | midievil | blo8i | mb300sd | juggalodarkclow | Garr255 | Tril | Ringmasta | SysRun | CrazyBlane | sokay | BCB | str4wm4n | PinkBatman | Bitobsessed | matauc12 | antimattercrusader | BryanK
lucif
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Clown prophet


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April 13, 2013, 07:22:56 PM
 #7

Conspirators? Wow, I love to scalp them out!
Manticore
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April 14, 2013, 06:11:09 PM
 #8

This is complete and utter nonsense. Why would they use this method to communicate?

More likely this was created by Mt Gox (or somebody) as an excuse on which to blame the sell-off.....something they clearly hoped everyone would find.

Are all major financial scandals pre-posted on pastebin? I need to be checking this more often.....



shamntalk
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BTC


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April 14, 2013, 11:48:24 PM
 #9

This one has been debunked like, 21,000,000 million times.
bitcon
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April 15, 2013, 03:28:28 AM
 #10

april bull's coins now.  Grin


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Logik
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Autonio token sale starts September 22


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April 15, 2013, 04:23:36 AM
 #11

That plan would require a serious amount of money to pull off.

I think most people who have that kind of money are spending their time doing, like, you know, grown-up stuff.


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ManBearPig
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April 15, 2013, 08:38:54 AM
 #12

I'm going to amend what I wrote here a little:

All of the above could be true without the malicious intent - it could well be an emergent problem with Mt Gox's trading engine, so it could be entirely their fault after all. Perhaps a combination of this and malicious order shifting too.

The cooldown periods combined with whatever they tweaked after the last dip 2 days ago works very well, even if it was as simple as putting a limit on the number of open orders or the amount of orders than can be placed or cancelled within a certain time frame.

Will we ever know?

Lag's been peaking at about 1.5 seconds all yesterday, orders went in smoothly and could be cancelled with no delay, we had a fairly (for Bitcoin) easy ride around $100.

This can only be good and a milestone in the maturity of Bitcoin at least until the next problem.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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