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If history were to repeat itself, this could be an excellent reverse pump-and-dump. 1. Create an exchange for trading Magic The Something. Use Bitcoin. 2.
by zhte415 13y ago
If history were to repeat itself, this could be an excellent reverse pump-and-dump.
1. Create an exchange for trading Magic The Something. Use Bitcoin.
2. ???
3. MtSox has become the largest Bitcoin exchange ever. USD exchange for the moon.
4. Create an internal account, as all using the exchange have coins held with the exchange, including internal accounts.
5. As rumours of insolvency arise, offer progressively declining ratios of 'MtSox' held Bitcoins vs 'Real' Bitcoins. Exchange privately held 'Real' bitcoins for larger amounts of 'MtSox' Bitcoins: 'Real' Bitcoins hit the transaction chain, and a MtSox internal transfer is made to the internal account.
6. Sometime in the future it emerges that MtSox was never insolvent, but by transactions in the actual Bitchain, the internal MtSox account has now accumulated a large number of Bitcoins for a fraction of their 'Real' value.
Profit! (With only a little ???)