Clearly, I'm surprised there isn't a spam filter that detects this obvious attack.
You're right that it's laughably crude though. Says a lot about things that this hasn't happened until now.
But so what? The impact of that would be negligible, almost certainly less than that of having site performance go through the floor/become temporarily unreadable. It's not like a B2C product launch, and the target audience of HN is more or less optimally positioned to understand why one might deliberately interrupt service.