Are you a psychopath billionaire that made your money mostly illegally, and need a way to launder your cash? Do you work at a corrupt intelligence agency and need to spend gargantuan amounts of your taxpayers' money to interfere with free markets, deceive the people you are supposed to work for, and halt competition with your fiat currency that your bankster owners use to print cash?
You've come to the right place!
Many psychopath billionaires have similar thoughts:
"If only I could start my own cryptocurrency and get it on a bunch of exchanges, I could launder all of this ill-gotten cash without having to use these expensive banks!"
Then reality sets in. Starting a cryptocurrency is hard. It takes development, tons of marketing, there's regulatory scrutiny, and you have to pay off those obnoxious exchanges to get your new cryptocurrency listed. Then you have to pump millions more of your own money to get people trading it. If you time it wrong, the entire scam might flop because of a bear market. What a risky hassle!
If only there was a cheaper, less risky approach...
Well, we have the answer for you, billionaires. And wait, there's more. Intelligence agency spooks, this plan works for your needs as well!
Don't create your own cryptocurrency. Use one that already exists! The development and marketing is already done for you, because you can steal the code and use the brand name. You don't have to worry about paying exchanges to be listed, because every holder of the cryptocurrency will be airdropped your new cryptocurrency for free, creating the demand you need to get it listed on exchanges and all the demand you'll need to get trading off the ground!
Just follow these seven simple steps:
1) Come up with a bullshit idea that sounds cool, and pretend you want to use one of the top 5 or 10 cryptocurrencies to "enhance your paradigm shifting technology" or some bullshit like that. Spread that around for a while.
2) Time to bribe some developers! Invest in hard up startups that already use your target cryptocurrency. Don't worry about valuation, but focus on control. You'll want to lock these startups in so they build their projects on your "paradigm shifting technology" or whatever. Fund a few fake startups with plausible projects that use your new technology and the target cryptocurrency too.
3) Hire some astroturfers! Their job is to be over-the-top in their enthusiasm for your target cryptocurrency while being irrationally exuberant about your "paradigm shifting technology". You will want to bribe a few media outlets to write positive stories about your amazing technology and groundbreaking research! Create new subreddits, telegram groups, and forums where your employees and useful idiots can talk about it, perhaps speculating on how much it will drive up the price of your target cryptocurrency.
4) Mine your target cryptocurrency! You don't even have to build a mining operation. Just lease hash power from available pools!
5) Fork one of the available cryptocurrency clients, and do some "work" on it. It doesn't have to be actual do anything signficantly better, but try to show some progress and get your hired developers active in the community.
6) Keep at it for 7-12 months. Become part of the user, mining, and developer communities. Towards the end of the 6-12 month period, use your astroturfers to smear prior figureheads of the target cryptocurrency, while bolstering the figureheads that work for you. Use your bribed media outlets to spread the word.
7) It's time to push for your own fork! Push the smear campaign from #6 to the boiling point, and introduce hard forking changes in your client a few days or weeks before a planned upgrade in your target cryptocurrency. Move all your startups, projects, leased hash power, astroturfers and bribed media outlets into your new cryptocurrency's sphere of control.
If you are really successful, like Blockstream, the incumbent developers and miners will cave and go with your changes. You will take the cryptocurrency over completely. Grand slam!
If you are even moderately successful, like nChain and Craig Wright, you still win! Exchanges will list your new cryptocurrency, and people will trade it, because all of the users of the target cryptocurrency will own yours too! Don't forget to dump the target cryptocurrency you mined and buy your new bullshit cryptocurrency to prop up its price until trading sets in.
Congratulations, if you are a psychopath billionaire, you just made a shit load of money, and have mountains of impossible to audit transactions you can use to launder your ill-gained cash. If you are an intelligence agency, congratulations, you just took over a cryptocurrency completely, or worst case, took a huge chunk out of a real cryptocurrency and put it directly into your captured sphere of control!
Fork attack a legitimate cryptocurrency today!
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source https://www.reddit.com/r/btc/comments/d7ka99/howto_fork_attack_a_cryptocurrency_a_guide_for/
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