The caveat being that the amount that you're depositing has to be more than your block reward at least for the attack to the worthwhile.
It's nice to read how simple things in 2011 were: I assume the guy was talking about a very large deposit (in Bitcoin), followed by a very quick withdrawal (after 1 confirmation). Nowadays, nobody in their right mind accepts such a deposit right after 1 confirmation.
Eventually, I succeed in creating a valid block. I do not broadcast it immediately, but instead I wait until someone else mines a block
Vector76 didn't even mention the loss of a block (back then worth about $500) if his plan failed and his block become orphaned.
Nowadays this means you're gambling with a $200,000 block reward.