Romney's tax returns - first Bitcoin extortion? - page 11.

muyuu

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Quote from: Paul Troon on September 05, 2012, 06:15:55 PM

If I am looking at the right number there are 9 Million Bitcoins in circulation at this moment, so at around 10 USD to 1 BTC that would be around 1% of all Bitcoins in circulation. Of course, if both the release and do-not-release addresses are paid $1 Mil, then that would be 2% of all Bitcoins.

It's highly unlikely you could buy up that many Bitcoins. Just attempting it would cause the exchange rate to go far above $10 per Bitcoin. Perhaps that is the extortionists plan all along though...

Either way though.. pass the popcorn, the media coverage of this will be fun to watch.

The condition was that, at the end of the transfer, the amount would be worth US$ 1M. That would actually cost a lot less than one million if done in quick successive orders as it would drive the price to the sky.

ZodiacDragon84

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Activity: 266

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The king and the pawn go in the same box @ endgame

Quote from: kinghajj on September 05, 2012, 06:09:42 PM

Quote from: ZodiacDragon84 on September 05, 2012, 05:22:37 PM

The feds could just use their super computers for a few hours to hash out the required amount...lol. Livermore and oakridge should do the trick, right?

Are you serious? That would just make the difficulty jump. It would still take 100000 / (5 * 6 * 24) = 13.8 days assuming they have near-100% of the hashing strength.

Satire my friend. I thought the LOL would make that evident.

repentance

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Quote from: muyuu on September 05, 2012, 06:41:53 PM

Imagine someone hit an exchange and actually bought BTC100K.

Imagine the Secret Service fucking up the exchange's shit if they could make the most tenuous connection between the purchase and the extortion threat.

muyuu

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Activity: 980

Merit: 1000

Imagine someone hit an exchange and actually bought BTC100K.

repentance

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Activity: 868

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Quote from: Paul Troon on September 05, 2012, 06:15:55 PM

If I am looking at the right number there are 9 Million Bitcoins in circulation at this moment, so at around 10 USD to 1 BTC that would be around 1% of all Bitcoins in circulation. Of course, if both the release and do-not-release addresses are paid $1 Mil, then that would be 2% of all Bitcoins.

It's highly unlikely you could buy up that many Bitcoins. Just attempting it would cause the exchange rate to go far above $10 per Bitcoin. Perhaps that is the extortionists plan all along though...

Either way though.. pass the popcorn, the media coverage of this will be fun to watch.

I suspect you could buy up 100,000 BTC over the counter if you really wanted to.

Paul Troon

member

Activity: 64

Merit: 10

If I am looking at the right number there are 9 Million Bitcoins in circulation at this moment, so at around 10 USD to 1 BTC that would be around 1% of all Bitcoins in circulation. Of course, if both the release and do-not-release addresses are paid $1 Mil, then that would be 2% of all Bitcoins.

It's highly unlikely you could buy up that many Bitcoins. Just attempting it would cause the exchange rate to go far above $10 per Bitcoin. Perhaps that is the extortionists plan all along though...

Either way though.. pass the popcorn, the media coverage of this will be fun to watch.

kinghajj

member

Activity: 66

Merit: 10

Quote from: ZodiacDragon84 on September 05, 2012, 05:22:37 PM

The feds could just use their super computers for a few hours to hash out the required amount...lol. Livermore and oakridge should do the trick, right?

Are you serious? That would just make the difficulty jump. It would still take 100000 / (5 * 6 * 24) = 13.8 days assuming they have near-100% of the hashing strength.

ydenys

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$15 by this weekend then?

ZodiacDragon84

sr. member

Activity: 266

Merit: 250

The king and the pawn go in the same box @ endgame

The feds could just use their super computers for a few hours to hash out the required amount...lol. Livermore and oakridge should do the trick, right?

Bitcoin Oz

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Activity: 686

Merit: 500

Wat

By the time they setup a mt gox account to buy the bitcoins and went through AML to withdraw them the date would be long past Cheesy

I wonder if Magical Tux would expedite things if the secret service showed up at his house and demanded 1 million dollars worth of bitcoin Grin

labestiol

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https://www.google.com/news/story?cf=all&ned=us&hl=en&q=romney+bitcoin&ncl=dEDkjGvGclJRWqMtoJXK3Cv7kF_xM&cf=all&scoring=n

dissipate

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The story has now gone mainstream: http://www.cnbc.com/id/48916562

Elwar

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Viva Ut Vivas

The wording from the bottom:

“However, all these considerations did not deter me from the path of duty; the moment I understood the will of my Heavenly Father, I felt a determination to go at all hazards, believing that He would support me by His almighty power, and endow me with every qualification that I needed.” (In Orson F. Whitney, Life of Heber C. Kimball, 3d ed., Salt Lake City: Bookcraft, 1967, pp. 103–4.)

sadpandatech

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Quote from: Elwar on September 05, 2012, 03:05:33 PM

Quote from: sadpandatech on September 05, 2012, 03:00:12 PM

I wonder if that's a news typo or is verbatim...?

Quote was followed by (sic)

aye, thanks. I see it in the most recent linked article on it as well, where they pointed out a mispelling of the party name. ;p

Does anyone think it possible that Obama set this up and made sure to have it look like some random dofuses did it? So, they'll quickly track the dummies down but not before the info is either released or it can then be atleast used as ammunition to further imply Romney is hiding something by not releasing the returns?

/gold foil hat

Elwar

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Viva Ut Vivas

Quote from: sadpandatech on September 05, 2012, 03:00:12 PM

I wonder if that's a news typo or is verbatim...?

Quote was followed by (sic)

sadpandatech

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Activity: 504

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Quote from: ?? on ??

Ok, secret service is involved now. Wow.

http://nashvillecitypaper.com/content/city-news/secret-service-takes-alleged-stolen-romney-tax-records-sent-williamson-political-g

Quote

Secret Service takes alleged stolen Romney tax records sent to Williamson political groups

can u fix this link please, m8

EDIT; nm, working now. maybe it was gettting too many hits and timed out on me because of it. ;p

Quote from: Elwar on September 05, 2012, 02:57:18 PM

Quote

Scrawled in green lettering across one side are the words “For Rep Learders”

I say just pay the million then wait for the biggest redneck or teenager to suddenly start driving around town in a fancy new truck, decked out with new mud flaps and a cherry bomb muffler.

I wonder if that's a news typo or is verbatim...?

Elwar

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Activity: 3598

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Viva Ut Vivas

Quote

Scrawled in green lettering across one side are the words “For Rep Learders”

I say just pay the million then wait for the biggest redneck or teenager to suddenly start driving around town in a fancy new truck, decked out with new mud flaps and a cherry bomb muffler.

repentance

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Quote from: darkmule on September 05, 2012, 01:28:59 PM

My guess would be the odd tiny transactions are binary code of some sort, perhaps adding up to a message like "lulz." But whoever did this apparently does have some knowledge of the network and how to mask transactions to some extent.

My first belief was they were just completely throwaway accounts created never to be used. Some people went to some trouble to put a small amount of money in them in oddly structured transactions, though.

It's probably people here leaving binary messages just for shit and giggles. Just because whoever created the accounts intended them as throwaways doesn't mean that people can't send BTC to them for fun now that the addresses are public.

CoinDiver

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Quote from: evoorhees on September 05, 2012, 02:36:21 PM

Hehehehe I don't want to destroy democracy, why would you say that?? I just want to be able to opt-out, just like I've done with the Federal Reserve Wink

Damn it, where is the 'like' button...

evoorhees

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Democracy is the original 51% attack

Quote from: dissipate on September 05, 2012, 01:46:14 PM

Quote from: evoorhees on September 05, 2012, 01:25:05 PM

LOL looks like it's unfolding further...

http://www.tennessean.com/article/20120905/WILLIAMSON/309050153/Romney-tax-return-claim-made-packages-left-Williamson-GOP-office?odyssey=mod%7Cnewswell%7Ctext%7C%7Cp&nclick_check=1

Alright, we know who did it. It was Erik Vorhees! This is a man who wants to destroy democracy and popularize Bitcoin in order to get more gambling addicts to use his Satoshi Dice gambling site! Shocked

Hehehehe I don't want to destroy democracy, why would you say that?? I just want to be able to opt-out, just like I've done with the Federal Reserve Wink

Topic: Romney's tax returns - first Bitcoin extortion? - page 11. (Read 33955 times)