Re: leaked video explained the recent pump of litecoin
by
usukan
on 12/07/2015, 05:12:25 UTC
in a very limited sample of forensics on the LTC blockchain - following transactions from main deposit address - down to what are obviously investors with regular payments being made in a circuitous route from the main deposit address - I can say
The main address supported daily payments to investors via many intermediary addresses
and at least the other 23 addresses that recd deposits from the main address on 10 Jul (each holding 30 - 100k+ LTC)
my initial conclusion is that this scheme is still in business as of today - and paying out
but I can't seem to find the new deposit address for the scheme (if there is one?)
If no new deposits in significant numbers - can they continue? Certainly they can buy a lot of LTC with the BTC they picked up during the dump. If the LTC price goes up again the value of their LTC goes up - but they need LTC to payout - so this does not really help.
But if they crash the price a few times along the way - they just keep buying back in at bottom to replenish stocks of LTC to pay out to their investors - maybe?
Of course the conclusion to this scenario is that they will just keep increasing their LTC holding - eventually squeezing most others (except their investors) out from owning - and gain total control of LTC by weight of ownership. The price consequences are obvious.
Just noticed the LTC price seems to be going up again?