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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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AndrewBUD
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July 29, 2012, 06:23:34 PM |
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Ouch... What a crappy wife....
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pekv2
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July 29, 2012, 06:41:21 PM |
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Most ppl use a freezer for that large amount for a small nick of time to have atleast a small protection against a fire. In this case, it was opposite. I bet he will never make this same mistake twice.
IMO, invest in a fire proof safe, 60 bucks or the freezer could have saved this man 15k.
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Shadow383
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July 29, 2012, 06:48:23 PM |
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It sounds like he'll get at least some of it back: The Reserve Bank of Australia has a clear policy on damaged and incomplete banknotes and advises people to take their damaged notes to banks.
"If several pieces of the same banknote are presented, the Reserve Bank's policy is for each piece to be worth a share of the value in proportion to its size," the RBA policy reads.
"The combined value paid should be the face value of the original banknote."
If less than 20 percent of the note is missing full face value is paid but if between 20-80 percent of the note is missing value is paid in proportion with the percentage remaining.
If more than 80 percent of the banknote is missing no payment is made
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Xenland
Legendary
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Activity: 980
Merit: 1003
I'm not just any shaman, I'm a Sha256man
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July 29, 2012, 08:16:48 PM |
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probubly the only win for protection of the reserve?
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Herodes (OP)
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July 29, 2012, 08:16:59 PM |
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In addition the notes are made of plastic, so they melt when heat is applied!
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rampone
Sr. Member
Offline
Activity: 339
Merit: 250
dafq is goin on
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July 29, 2012, 11:53:31 PM |
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oh the joy of plastic money....ahem sorry... (holding nose high while speaking this word) "polymer" money....
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http://virwox.com - Bitcoins via CCard, Skrill, paysafe, paypal & SEPA Convert your bitcoin into spendable fiat money in less than 2 days. Poker Players use this method to avoid "unnecessary trouble" with the country they live in ... PM me for details. +1:naz86,b4nana,tinua,smart1986,fhh
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mc_lovin
Legendary
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Activity: 1190
Merit: 1000
www.bitcointrading.com
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July 30, 2012, 01:01:54 AM |
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I hope he gets some of his money back at least. At least he still has those bill portions!
Someone should contact him and tell him to invest in bitcoin...
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niko
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July 30, 2012, 01:06:39 AM |
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Someone should contact him and tell him to invest in bitcoin...
I'm sure there will be Bitcoin versions of this story: And don't start with advice about backups and such. We're talking about a guy who hid his cash in the oven here.
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They're there, in their room. Your mining rig is on fire, yet you're very calm.
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Xenland
Legendary
Offline
Activity: 980
Merit: 1003
I'm not just any shaman, I'm a Sha256man
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July 30, 2012, 01:11:49 AM |
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Someone should contact him and tell him to invest in bitcoin...
I'm sure there will be Bitcoin versions of this story: And don't start with advice about backups and such. We're talking about a guy who hid his cash in the oven here. lawl!!!
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check_status
Full Member
Offline
Activity: 196
Merit: 100
Web Dev, Db Admin, Computer Technician
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July 30, 2012, 12:16:21 PM |
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If that's the Ausie's rules on buying back damaged money, then this guy should get close to if not all of it back. They're all there, just smaller than expected. This wouldn't have happened with a US dollar.
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