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Of all the speculative explanations so far, this one would make the best plot for a movie script.

He's certainly a great writer. The thing that was lacking were the sources.

If you've been in the bitcoin world since at least before the first MtGox "crash" at $40 then it would be obvious which events he's talking about.

Granted it's being being turned into a narrative but the history is spot on. I wouldn't have bothered putting in sources if I were him either, it's time consuming and those who know the history of the events wouldn't need it.

Tone down the superior attitude. Sources benefit everyone.

It's not about being superior he's posting on bitcointalk the audience would be very familiar about the sequence of events. It's posted in "speculation" I.e. It's a hypothesis based on what everyone in the bitcoin world observed and he created a plausible yet possibly completely fictional technical hypothesis for what happened behind the scenes. There's no "sources" to back it up.

It's like when HN goes offline. It's an observable fact. Writing what you "think" happened to explain this fact is the speculation part.

It's of course a theory. But "I'm going to make up this accidental shortfall today by making bigger bets tomorrow" is how a lot of fraud starts innocently.

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