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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26371224 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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May 09, 2014, 04:00:55 AM


Explanation
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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May 09, 2014, 05:00:54 AM


Explanation
simmo77
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May 09, 2014, 05:41:15 AM

Hmm. I hadn't come across that before unless it was subliminally absorbed. His is far more professional. I think mine has more warmth.

Yours is definitely better Smiley. The other is just generic, although the correspondence is quite funny.

Yeah that one has been going round the interwebs (excuse the pun) for a while so I thought it was what gentlemand was referring to. Smiley


 
rpietila
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May 09, 2014, 05:55:46 AM

Chinese Slumber Method prediction for Friday May 09

Have you kept records, how is this method working? Always interested in something accountable..
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May 09, 2014, 06:00:44 AM

Like the coins that you allegedly lost by taking an unsecured laptop to an sauna party, where it got stolen.

Source?
ChartBuddy
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May 09, 2014, 06:02:05 AM


Explanation
EuroTrash
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May 09, 2014, 06:41:19 AM

Like the coins that you allegedly lost by taking an unsecured laptop to an sauna party, where it got stolen.

Source?

Not sure if your intention is to troll the troll, but to be fair I read that post of yours too last year.
keewee
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May 09, 2014, 06:44:09 AM

500 btc buy on Huobi

edit: 2 in fact
T.Stuart
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May 09, 2014, 06:47:07 AM

Like the coins that you allegedly lost by taking an unsecured laptop to an sauna party, where it got stolen.

Source?

Not sure if your intention is to troll the troll, but to be fair I read that post of yours too last year.

High time to get your own saunas, veterans
rpietila
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May 09, 2014, 06:51:24 AM

Like the coins that you allegedly lost by taking an unsecured laptop to an sauna party, where it got stolen.
Source?
Not sure if your intention is to troll the troll, but to be fair I read that post of yours too last year.

Let's take it seriously: the person above claims that:

allegedly = there is a source other than himself that propagates this version of the story
lost = the number of my bitcoins went irrevocably down as a result of this action
by taking an unsecured laptop to a sauna = (the non-contested part)
where it got stolen = the laptop was taken by someone


To retain truthfulness of speech, you cannot just add untrue elements to a sentence that has some truth in it. The result will become untrue, and you will become a liar, and who will listen to you any more?  Embarrassed
JayJuanGee
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May 09, 2014, 07:00:01 AM

Like the coins that you allegedly lost by taking an unsecured laptop to an sauna party, where it got stolen.

Source?

Not sure if your intention is to troll the troll, but to be fair I read that post of yours too last year.


Another reason why the forum should NOT allow the editing of posts or the removal of posts, except under exceptional circumstances.
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May 09, 2014, 07:01:00 AM


Explanation
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May 09, 2014, 07:46:16 AM

I'm curious. What actually happened? (about the lost coins / laptop / sauna / beach / moon)
Davyd05
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May 09, 2014, 07:50:57 AM

http://chinadigitaltimes.net/2014/05/minitrue-gao-yu-dispute-vietnam-bitcoin/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+chinadigitaltimes%2FbKzO+%28China+Digital+Times+%28CDT%29%29

more interesting is that China is probably afraid of bitcoin.
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May 09, 2014, 07:55:16 AM

I'm curious. What actually happened? (about the lost coins / laptop / sauna / beach / moon)

coins / laptop / sauna & beach they ALL went to da moon
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May 09, 2014, 07:57:59 AM

Do you think that China fear the bitcoin?
keewee
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May 09, 2014, 07:59:47 AM

I'm curious. What actually happened? (about the lost coins / laptop / sauna / beach / moon)

This is the gist of it. It's implied that some number of coins were lost but it's unknown if they were recovered. There's more if you have a look at this thread https://bitcointalk.org/index.php?topic=174620.0

Translated text from Finnish original added in blue in front of original text (thank you rebuilder):

.....

-The staff of the hotel had entered the sauna space on at least 3 separate occasions in the first 24 hours alone, of a sauna reservation of 59 hours length in total, despite prior agreement to the contrary, it being clearly mentioned in the daily order [that the sauna is not to be entered at will, I presume] and repeated reminders of this. Some of the entries happened when we were not guarding the sauna since we had been asked to retire to our rooms by 24:00 at the latest, although the sauna was in our uninterrupted use from thursday 10:00 to saturday 23:00. Already on friday 10.5 between 00 and 12 o'clock personal items belonging to conference participants had gone missing from the sauna. Additionally the sauna had been cleaned, so that our ability to discover the full amount of lost/stolen property immediately as the conference was still ongoing was weakened.

The main host of the conference (Pietilä) ordered an internal preliminary investigation on the matter on fri. 10.5. at approx. 18 hours. He used as personnel mainly himself and acting host ["responsible/trustee host"] Roni Blomberg, a hotel employee by the name of "Butler Charlotta" and a representative of the maintenance company, "Mikke". By approximately 8 o'clock saturday morning, the preliminary investigation led to the understanding at least 1 bitcoin worth of property had been lost (repurchase value of identifiably lost items), but private keys possibly used to store bitcoins had been copied/destroyed to a greater extent. Among other things, Pietilä's Macbook Air computer was at the sauna for the entire night, thursday-friday 9.-10.5

Our estimate of the upper bound of damages is 100000 bitcoins (market value approx. 9,1 million euro, repurchase value with immediate market operation approx. 10,2 million euro). Damages are divided in two parts, copied and lost bitcoin private keys.

For copied private keys the situation can be sorted out by transferring all the bitcoins of all the participants to different addresses, at which point we weill see, whether they have in the meantime been unrightfully spent. Finding this out must happen a soon as possible (if private keys have been saved, no financial loss will be caused, unless they are unrightfully used before the legal owner transfers them to a new, safe address). Due to the extremely strict security requirements of handling private keys required to use large amounts of bitcoins, the operation is however labour-intensive and carrying it out must be done by each participant such, that most of the work can not be delegated. For example an inventory of bitcoins of Pietilä and the companies he owns/leads requires about 16 hors of work to complete. Pietilä's own consulting fees (list price http://hopea.fi/bitcoin-kurssihistoria/) in April have varied between 600-2400 euro. This is one of the most urgent tasks, which will override most other markings in Pietilä's calendar for the week 13.-19.5.

The sum of money lost due to loss of private keys can not be reliably found out, but we believe the participants will notice if the sum rises to the thousands of bitcoins. This will be found out in about a week (a week is also our ETA for finding out the sum total of stolen bitcoins).

....

Risto Pietilä.

Now I try hard to minimize the risk to the well-being of anyone, and to raise the stakes in the game described as follows: if someone actually copied the private keys there (I had access to over 6000 bitcoins unencrypted, open in my computer browser windows during the time it was compromised), he will have to suffer the fact becoming public in its entirety + all the details, if he spends the bitcoins before I have the time to spend them myself. Due to extensive precautions involved, it will take me approximately a week of calendar time + several thousand dollars, to fully ensure that the bitcoins are safe, by sending them to uncompromised addresses. I plan to concentrate on that during this week.
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May 09, 2014, 08:00:57 AM


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May 09, 2014, 08:03:28 AM

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May 09, 2014, 08:07:53 AM

Do you think that China fear the bitcoin?

No. Chinese gov. fears AliPay, Alibaba's version of PayPal.

Alibaba accounts for ~60%-80% of e-commerce, so Alipay transacts a lot.
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