Quote from: vuduchyld on October 15, 2014, 02:17:23 AM

Quote from: Cryptobro on October 14, 2014, 11:00:27 AM

Quote from: Hunyadi on October 14, 2014, 10:55:11 AM

Quote from: Ultros on October 14, 2014, 10:37:41 AM

Quote from: Hunyadi on October 14, 2014, 10:25:03 AM

I'm not up to date. Is there TW-attack going on? It seems all the deadlines have been passed.

I think you answered your own question. At this point it's pretty safe to admit it was just hot air.

Ok thanks. I thought BCX wouldn't bluff...well I was wrong Grin

There's a chance he wasn't bluffing and simply couldn't destroy the coin like he thought he could. Would be great to get an explanation from him.

It would be great for BCX to weigh in with a definitive answer. I strongly suspect he will not.

One other thought. Originally, he gave a warning that he would kill off XMR. When pressed, much later, he said XMR would "Decline". Keep in mind, he is fairly masterful at creating language that is possible to interpret in many ways. I believe he is careful with his words.

It is possible that he was willing to commit some resources to the decline of XMR. It seems possible that he was trying to secure the 500 BTC bet to give himself even more resources. I suspected that he might use 500 BTC in order to do whatever one must do for a hash power and/or TW attack.

What if it was more simple than that? Is it possible that he used the initial decline to scoop up a load of XMR to dump on the market? I'm using bitcoin wisdom for volume, so it's hard to tell for sure, but it looks like:
--within an hour of the announcement, there were 130,000 XMR that changed hands.
--within about 36 hours, it looks more like 350-380K
--given the volume right now, that would be enough for 8-10 days of pretty merciless dumping--possibly even 20+ days.

Yes, this form of attack would take some capital up front. But if one were willing to commit 500 BTC to it, one could have bought about 166,000 XMR immediately following the announcement at some low prices (certainly under .003). If one watched the price climb back up to around .0036 in the week or so post-announcement, then started dumping, that could have easily influenced the price. Average volumes of maybe 40K per day, so 5-8K in daily dumps could have quite an impact. The funny thing is that a lot of that dumpage would have been profitable to a Sept. 21 buyer...basically, up until just a few days ago. One would get most of that capital back, even without an acceptance of the wager.

Active imagination, I know. Probably more likely that XMR is just caught in the same downdraft along with BBR and many other alts.

If it was a financial attack, he could simply sell XMR for BTC, buy LTC with BTC (pumping his LTC), then buy more XMR with LTC and repeat until you burn through it all in fees and slippage, occasionally using a different intermediary coin.
Then when folks capitulate, accumulate and ride it up.