Operation Shock and Awe - DDoS operation set up for major bitcoin sites

Hold Up.... Quick question. How is the price of bitcoin suppose to fall to 1BC = $30 when they're going to DDOS all the exchanges except for BitStamp?! People can't sell their bitcoins and cause a devaluation if they aren't able to login. A tiny percentage of bitcoiners actually have auto-bidding set up, and if BitStamp is the only one up, won't it get flooded with traffic and possibly go down too?

Anyway, assuming this is true....

I guess this will finally show how self regulation doesn't work when profit is the motive. Then again, this leaking is proof that at least one individual is attempting to self regulate.

This is the very thing that will scare people further away from Bitcoin. Knowing it's this easily manipulatable. Knowing Reddit I'm pretty sure they'll try to spread the news of this as far as the internet reaches. However most bitcoin owners will never find out.

I guess in 24 hours we'll see if it works or not.

Sort of a side note: does anyone have any insight into law enforcement activities related to DDoS / zombie networks? It seems like this problem has been growing out of control and nobody in government cares even the slightest bit about it. Yet if you download academic articles that are already ostensibly in the public domain then you can easily raise the ire of the criminal justice system at the federal level.

Obvious double(?) bluff: the kind of people who really do this stuff would have access to better ascii art.

As seen on Reddit: http://www.reddit.com/r/Bitcoin/comments/1cu4ck/ridiculous_d...

This reads more like a thought experiment - to demonstrate what could be possible - than a real thing or even a hoax. For example it mentions the potential profit. I'd be more convinced if it were in 1337speak - the punctuation is far too tidy.

The authors could also be hoping the "leak" itself, without actually executing the plan, causes panic sells by becoming a sort of self fulfilling prophecy.

Also, it seems last night's ddos on mtgox didn't impact the price that much, at least not as much as previous attacks have, so I'm hoping the reduced effectiveness of such actions combined with the market clueing up to the ruse will help stabilise the bitcoin.

Saw this posted by Mikko earlier. It's an interesting ploy, and I'm interested to see what comes of it. Specifically, I want to know whether the media, as it were, is going to be willing to propagate this sort of story, even with the plan being relatively well-known at this point.

Of course, this could be a long play. "Leak" this plan, build confidence that the media isn't going to propagate false stories, and then when a similar plan is effected, people are potentially more likely to take this manner of news seriously.

Just so people know, there's no correlation between these documents being drafted up and the aforementioned operations actually taking place.

It takes a coordinated effort and a mass of resources in order to successfully pull this off (ignoring the fact that they leaked the document anyway).

It only takes 1 person with a creative mind and a bit of spare time to write the document up and 'spread' it around, which in itself will cause some panic.

So is this a North Korean-style of preemptive attack, tell everyone when you're going to attack and what you're going to do?

If you had 250,000 BTC to sell, you'd buy some better artwork.

Sounds like someone really wants us to all sign up for BitStamp.

Completely unsubstantiated theory: someone figured out how to compromise BitStamp user accounts, but not enough users yet...

Looks to me like someone is trying to make this look like a legit secret bulletin to a hacker group, when actually it's an attempt to provide proof of the bitcoin flaws.

Normally if someone has 250,000 of anything it would not be to their advantage to crash the market before a sell-off. If anything they should prop-up the currency value with fake press releases as they sell in order to cash out high and buy back in as low as possible, then write a story about the sell-off to cause a panic.

That said, I suppose it's also possible that a group would want to destroy the currency in its current form too, for giggles?

For the context:

http://bigstory.ap.org/article/hackers-compromise-ap-twitter...

Fake announcement from AP was pulled off only on Twitter (about explosions in White House), short-term drop in stocks.

Does this not just play into the conspiracy theories of the (already conspiracy theory and delusions of grandeur prone) bitcoin community?

Wishful thinking, there's no way the price goes back to $30 at the moment. Not a chance. Maybe in the future, but not right now.

How would they buy on MtGox anonymously?

Seeing as he claims "1,000,000+ compromised machines", my guess is this is just a spoof.

This could be possible though, no?