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RE: DAO Attacker Has Drained ETC DAO (Classic)

in #crypto-news8 years ago

It would and it wouldn't. It would crush ETC price but it would hurt all the people who have sincerely believe in ETC. Some of them are very earnest. But even if she doesn't sell, it will be a tough technical overhang over the trading of ETC and make it difficult for it to rise -- she will sell into any rise.. And the worst part is that people won't really ever know if she has sold or not. It's not like she will make an announcement.

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The DAO hacker(s) likely wants to see Ethereum in any form fall into decay.

I think it's more likely he(or she) wants to make as much money as they can off of this.

First, a $2million short right before crash....that's pretty decent money.

Now, the ability to pump and dump etc until he(or she) has all the the value they can get out if it.

Today was traded 100 milion ETC so 3 millions is nothing.

HE made new DAO child so 30 next days he cant touch them.

Thought it was 22 days. 3 million is not nothing -- that 100 million counts the same ETC traded back and forth. 3 million sold in one direction would crush the price.

Can you possibly describe more accurately what you are talking about?