It would be hilarious, if no one claims funds, because no one was a victim. Then the police would look stupid.

But it would also be hilarious, if people will just claim funds, because the police shut down the website. Then it would become a self fulfilling prophecy.

The most funniest way for the police to screw this up, would be if they return all fiat to the bank accounts it came from. Because that would not correspond to the btc/fiat they have in the account. Some would end up with double, some with nothing.

We should also point out that in March/April there was a significant amount of people who send SEPA to bitcoin-24, but it never showed up in the account. So maybe the police is right with the "not willing to compensate users"-part.

How is this all different from Cyprus? Bank/Exchange bankrupt because of money laundering / incompetence. Everybody loses money/bitcoins. Brave New Bitcoin World indeed.

To starve out the competition, like any respectable free-market business would do?

Maybe he is testing the new code.

Sent half of my bitcoins to a friend, to get him to try it out. He lost the private key.

There they lie: http://blockchain.info/address/1JzundL8uU2Mke4d85EQFbU49BcudQotuF forever inaccessible.

Also betting satoshidice 97%, I won, but payed more in fee than I got in winnings 

I personally know about 88.499 BTC lost.

Well, basically I wanted to move from bitcoin-qt client to multibit-client. So I exported the privkeys from bitcoin-qt (B+C). Multibit came with it's own start-address (A). Upon importing B, I had W_1 (A+B) but it displayed transactions and the end-sum wrong. I assumed, because C was still missing, so I created W_2, this time importing B+C, so I got A+B+C. Now it was even more screwed up and displayed double my correct balance. W_3 and W_4 were just created to test further and try to find the error.

I can reset the blockchain and run a replay once from the beginning to see, if it clears things up. Or just delete W_1 and W_2 and go with W_3 and W_4 now.

I found a bug:

I have 3 addresses:

A = 0.1
B = 0.02111658
C = 0.48

I put these keys in various wallets:

W_1 = A+B = is displayed as 0.61111658 (wrong)
W_2 = A+B+C = is displayed as 1.09111658 (wrong)
W_3 = B+C = is displayed as 0.50111658 (correct)
W_4 = A = is displayed as 0.1 (correct)

C is a change-return-address from B. So maybe if you include B alone, it also counts C to it automatically? And if you add B+C together it counts C double. Then there are still discrepancies. Maybe because I ran synchronization multiple times from different "replay date"s? The transactions for W_1 and W_2 don't even add up to the sum that is displayed in the wallet. It's pretty chaotic.

Thought about selling your bitcoins to save your business? Few thousand could also be 4000BTC

How much percent interest did you get on that account? Germans get 1%. More reward more risk, welcome to the free market.

Premise: It is not sustainable that billions of users send millions of transaction through the block chain every second. It will just grow too much.

if wrong, goto end and post reply.

if true, continue:

So we need to put for example 10% of users into cluster A, 10% into cluster B, .... 10% into cluster J.

Now all millions of transactions are collected for a while (10min?) and all transactions within clusters are settled in the cluster internally. Only if there are settlements to be done between clusters, those go into the blockchain. The blockchain now only contains few giant sum transactions with giant fees that go from cluster A to B, or C to G, J to D, etc. that represent these inter-cluster-settlements.

Congratulations you have just eroded the bitcoin system and established the old banking system again. Cluster = bank. Inter-cluster settlements = inter-bank settlements (aka Target2)   

What to do?

Maybe some kind of dynamic fractal clustering, where each cluster, subcluster, subsubcluster,... has it's own blockchain and every time something can not be resolved within the subsubsubsubcluster blockchain it gets transfered to a higher cluster blockchain, bitcoins becomes thousands of blockchains and you can 'subscribe' to the subsubsubsubcluster you like, or something. The blockchain we know now, becomes the inter-continental blockchain, that only will contain transaction/settlements between continents, or Planets, or Solar Systems.

Everybody will just enter crap like "buy at 16.567" "sell at 16.569" if the current price is 16.568 to make cents on every movement 

Yes, the bitcoin system is probably a worse oligarchy than any real world oligarchy, because ~1% of users have ~90% of the bitcoins in their hands, but that's the kind of situation you get with free market capitalism.

oh, ok, I thought the fees were taken care of by the reduced bitcoin count. I.e you buy 1 and get 0.994

So I enter: "buy at 15.2" and it buys at 15.2918.

I enter "sell at 15.7" it sells at 15.598.

  you can't explain that

Yes, but I thought the public key of the sender is used anyway on the input, so it would be no problem to use it on the output as well.

Why is change being send to a new address? and not just back to where is came from?

I watched it live the last 10 hours. Most of the time it's just boring skirmishes here and there, but once in a while somebody dumps giant sums of coins into the market to push through the 17 16 15 14 borders all in a few seconds. He succeeds and the border breaks. Then it jumps almost back up and continues to tribble downwards.