What does that have to do with me?
It's about TPTB_need_war, AKA AnonyMint, AKA TheFascistMind.
that was an interesting read. BCX has a known rep for attacking altcoins over the years.
so he never successfully attacked Monero then?Nope, he didn't. He disappeared right after his own set deadline expired, so basically it was pure FUD. The reason(s) behind it is/are still not clear till this day.
for the most part, i've always thought of BCX as an asset to Bitcoin mainly as an enforcer to altcoins. not that i condone him causing financial pain for altcoin participants but in the sense that he is enforcing Satoshi's principles on a raw economic level, ie, "expect to be attacked if you stray away from first principles".
you have to give him credit for at least warning the Monero community that he intended to attack. it sounds like it gave them an opportunity to mitigate and/or tune their code to prevent such a thing. maybe that's why it never transpired?Could also be it, I don't know the details of it though. Also, there were doubts about the authenticity of the account, some people suspected the account was sold before the "threat".
that Monero chart looks brutal:
--snip--
You are missing the end, I rather prefer this chart:
Btw, most altcoin charts look like this, when btc declines, most alts decline even worse. Also, the first top of 0.01 was during the crazy pre-mintpal pump. I wasn't around back then so I hope smooth can elaborate more on this matter, but for some reason it was insanely pumped by whales back then.
Furthermore, unlike most other altcoins, Monero was fairly launched (
http://devtome.com./doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#monero). It has a relatively high inflation though, which could also be a reason for the "bearish/declining" chart.
PS: Remember that Monero was launched during a BTC bearmarket, chart would probably looked a whole lot different when launched during a bullmarket.
