Ironically if you go on reddit you'll find there are quite a few thread about today's cr... I mean 'correction' being 'engineered'. In one of the threads someone referred to this pastebin (although didn't link to it directly). While it's technically possible for an organised crime group to pull something of this nature, I sincerely doubt it was.
- First, there was no DDOS. Someone sold big when it was at peak valuation, that triggered the drop. The exchanges went 502 for the same reason they went 502 when it dipped at 75: the guys building them have lag-heavy but solid backends, yet terrible, irresponsibly put together unscalable frontends.
- Second, it hints at a conspiracy of loosely coupled individuals. Conspiracies of this kind aren't just hard to pull off - they are impossible to pull off. Someone always run their mouth eventually, or the 'open' nature of the announcements makes them backfire, or people never deliver on their 'promise' to participate, etc
- Third, it's a whole load of bollocks bulls and trolls use to convince themselves the bitcoin cannot crash back to its Jan value because it's magically propelled by the potential to replace visa/mc.
Sad thing is it seems to work - TC for example picked up on parts of that story.
