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Timestamps are correct when logged in to the forum, but if you are logged out then timestamps are 5 hours in the past.
Correct time is London BST (British summertime), which is GMT+1.
Vanilla 2.0.18, installed yesterday: http://www.video125.co.uk/forum/
I've tried changing the "timezone" setting in bootstrap.php to "Europe/London" but it has had no effect.