24 eth instead of 24 usdt....What Will You Do If.......? - page 2.

DashingAgent

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So many books, so little time

Those funds should be returned because those are not your funds, those are the funds of many people!

Quote from: Fivestar4everMVP on October 21, 2020, 11:36:42 PM

Greetings bitcoiners

I asked this same question in one other crypto forum but am yet to get answers, so am bring the same question here for your opinions and thoughts

So for example, you sold an altcoin for usdt in one of this semi decentralized exchanges that claim to be fully decentralized, you sold your altcoin and got a total of let's say 24 usdt, you then place a withdrawal of that full amount, instead of the exchange sending you 24 usdt, for some reason you and I don't know, they sent you 24 eth instead.

So my question is.. What will you do? Will you return the money?

And note.... This is not fictional, it happened for real to a crypto friend of mine.

So let's discuss.

Akiko

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Quote from: dunfida on October 28, 2020, 06:59:26 PM

Quote from: maxreish on October 25, 2020, 12:15:05 AM

Omg, if we are talking about the dignity and honesty of one's personality. If that friend of yours received the wrong coins which cost of course high amount of money, I think he should return that to that particular exchange. Whether it is decentralized or not).

The fact that the exchange has it's fault but they have a business running and that 24 eth is supposedly their profit now, or their companys "supposedly" income, they deserved to get back that 24 eth. I honestly doubt though that the person will return that.

5% chance for someone to return and 95% wont tend to give it back.Its already a free money for you and someone will think that its their own fault.Why would the heck they will return it?
This is indeed a test of dignity and someones honesty but in todays era where money is valuable then its hard for someone to let their honesty be on the works.
$9000 is a big money and if someone do see that something that amount had put up into your wallet, would you give it back? i dont think so.

If I am the one who receive it , I can answer it directly yes , I can give it back to the rightfull owners who send that money accidentally if that person contact me directly .even it's already a free money. Its still not your money . It's depend on the person and how much he need it , as for me if I know I can earn it I don't see any reason why should I hide or steal the money I didn't own at the first place.

Fivestar4everMVP

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Quote from: 1GUARDIAN on November 02, 2020, 02:04:03 PM

Of course not ! I would not have returned a cent, unless, of course, I had not been specifically asked about it. This is bug of the exchange owners and, accordingly, this is their personal problem.

I am sure that any major exchange will also receive substantial insurance payments if this happens, so you should not return anything to anyone.

And just like I've said here before, I personally would not have returned a dime from that 24 eth if it was me this thing happened to, trust me, except they contact me, then we will negotiate how many eth I Will return back to them, this exchanges don't send anyone of their users, they probably have stolen from their users much more than we all can ever imagine and maybe this is God's way of taking from them and giving back to the poor lucky guy😂😂,
And as an update, the exchange didn't contact the lucky guy up till now and the guy in return have not returned the eth, Infact, he spent some already.

1GUARDIAN

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Of course not ! I would not have returned a cent, unless, of course, I had not been specifically asked about it. This is bug of the exchange owners and, accordingly, this is their personal problem.

I am sure that any major exchange will also receive substantial insurance payments if this happens, so you should not return anything to anyone.

milewilda

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Quote from: wxa7115 on November 02, 2020, 10:49:23 AM

Quote from: Oceat on October 28, 2020, 07:01:26 PM

Quote from: maxreish on October 25, 2020, 12:15:05 AM

Omg, if we are talking about the dignity and honesty of one's personality. If that friend of yours received the wrong coins which cost of course high amount of money, I think he should return that to that particular exchange. Whether it is decentralized or not).

The fact that the exchange has it's fault but they have a business running and that 24 eth is supposedly their profit now, or their companys "supposedly" income, they deserved to get back that 24 eth. I honestly doubt though that the person will return that.

I wonder if someone did it already since having a crypto wallet is anonymous? Some people will think this way but some people will come up with an excuse to put the blame on the exchange. You know it's kinda big money if you trade it to fiat so I think most people would be greedy to accept the fact that it's the exchange fault. It's always a hard decision especially if you are living in a third world country so you will definitely gonna get their answer as the exchange fault.

It is obvious this should have happened many times already especially if the exchange or casino does not use an automated system to manage their transactions and instead manage transactions by hand, then the chances this happens are very high because as we know humans are not perfect by any means and there is even a possibility they never realized their mistake.

And while I like to believe the majority would give the money back taking into account the anonymity that bitcoin can give to its users then there is a decent chance many will opt for not returning the money and simply never play in that casino again even if they know their actions are wrong and cannot be justified.

Human error is pretty common thats why these kind of circumstances or possibilities can really happen even i do still have hope that theres still honesty and dignity on where most people on this world have..
There would be always some alibi and reasons for themselves to tell that its their fault, why should i give it back? Its a good amount of money but there would be still someone will return those funds
without hesitation.Lucky for those who had accidentally or the exchange itself had some fault on sending out funds which isnt on the right amount.In my case then most likely i wont return it
for sure. lol

wxa7115

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Quote from: Oceat on October 28, 2020, 07:01:26 PM

Quote from: maxreish on October 25, 2020, 12:15:05 AM

Omg, if we are talking about the dignity and honesty of one's personality. If that friend of yours received the wrong coins which cost of course high amount of money, I think he should return that to that particular exchange. Whether it is decentralized or not).

The fact that the exchange has it's fault but they have a business running and that 24 eth is supposedly their profit now, or their companys "supposedly" income, they deserved to get back that 24 eth. I honestly doubt though that the person will return that.

I wonder if someone did it already since having a crypto wallet is anonymous? Some people will think this way but some people will come up with an excuse to put the blame on the exchange. You know it's kinda big money if you trade it to fiat so I think most people would be greedy to accept the fact that it's the exchange fault. It's always a hard decision especially if you are living in a third world country so you will definitely gonna get their answer as the exchange fault.

It is obvious this should have happened many times already especially if the exchange or casino does not use an automated system to manage their transactions and instead manage transactions by hand, then the chances this happens are very high because as we know humans are not perfect by any means and there is even a possibility they never realized their mistake.

And while I like to believe the majority would give the money back taking into account the anonymity that bitcoin can give to its users then there is a decent chance many will opt for not returning the money and simply never play in that casino again even if they know their actions are wrong and cannot be justified.

Oceat

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Quote from: maxreish on October 25, 2020, 12:15:05 AM

Omg, if we are talking about the dignity and honesty of one's personality. If that friend of yours received the wrong coins which cost of course high amount of money, I think he should return that to that particular exchange. Whether it is decentralized or not).

The fact that the exchange has it's fault but they have a business running and that 24 eth is supposedly their profit now, or their companys "supposedly" income, they deserved to get back that 24 eth. I honestly doubt though that the person will return that.

I wonder if someone did it already since having a crypto wallet is anonymous? Some people will think this way but some people will come up with an excuse to put the blame on the exchange. You know it's kinda big money if you trade it to fiat so I think most people would be greedy to accept the fact that it's the exchange fault. It's always a hard decision especially if you are living in a third world country so you will definitely gonna get their answer as the exchange fault.

dunfida

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Quote from: maxreish on October 25, 2020, 12:15:05 AM

Omg, if we are talking about the dignity and honesty of one's personality. If that friend of yours received the wrong coins which cost of course high amount of money, I think he should return that to that particular exchange. Whether it is decentralized or not).

The fact that the exchange has it's fault but they have a business running and that 24 eth is supposedly their profit now, or their companys "supposedly" income, they deserved to get back that 24 eth. I honestly doubt though that the person will return that.

5% chance for someone to return and 95% wont tend to give it back.Its already a free money for you and someone will think that its their own fault.Why would the heck they will return it?
This is indeed a test of dignity and someones honesty but in todays era where money is valuable then its hard for someone to let their honesty be on the works.
$9000 is a big money and if someone do see that something that amount had put up into your wallet, would you give it back? i dont think so.

wxa7115

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Bitcoin is GOD

Quote from: Fivestar4everMVP on October 21, 2020, 11:36:42 PM

Greetings bitcoiners

I asked this same question in one other crypto forum but am yet to get answers, so am bring the same question here for your opinions and thoughts

So for example, you sold an altcoin for usdt in one of this semi decentralized exchanges that claim to be fully decentralized, you sold your altcoin and got a total of let's say 24 usdt, you then place a withdrawal of that full amount, instead of the exchange sending you 24 usdt, for some reason you and I don't know, they sent you 24 eth instead.

So my question is.. What will you do? Will you return the money?

And note.... This is not fictional, it happened for real to a crypto friend of mine.

So let's discuss.

I will return the money however I will be lying if I said I will not be tempted by such amount of money, while that is not life changing money in my country who does not like the idea of having more money on their savings account? But this is not the right way to do it.

While do not believe in the law of attraction and all that stuff it is obvious that if you are the type of person that takes advantage of such mistakes eventually people are going to caught on and sooner or later you will find yourself completely on your own and when you need to help of someone else no one will give it to you because they know the type of person that you are.

kevoh

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Quote from: Fivestar4everMVP on October 22, 2020, 09:13:08 PM

Quote from: Wexnident on October 22, 2020, 01:45:05 AM

Eh, I won't judge you if you don't return it. If you truly need it that is, and you're not really to blame if you were to ever run with it, simply because it was an error on their part and not necessarily yours. I would probably not return it if I were in your shoes, especially if the said exchange stays silent and doesn't demand a return. If they demanded, I might give in since I'm not particularly at a difficult spot, but if they don't, I don't see a reason why I should.

Heck, you can even negotiate about retaining maybe half the amount. I'm pretty sure you have the advantage in terms of negotiation power here since you have the funds, while they don't necessarily have the right to argue due to their mistake. It's really up to your moral compass on how much you're willing to return.

It's been 4 days now, the exchange has not asked for it and the lucky guy has refused to return the money, not because the exchange has not asked for it, but because he had about 0.275 eth on the exchange and some other altcoins worth about 0.7 eth, in about 1 hour after he received the 24 eth in place of 24 usdt, the exchange emptied all his wallet, he's 0.275 eth was gone, he's altcoins worth 0.7 eth was also all gone, because of this, he decided he's not going to make contact with the exchange except they contact him which I personally don't think is possible cus they don't have any of his personal information.

After reading your first post, it's kind of hard to return the 24 Eth, although I will usually allow my conscience take over, contact the support and immediately return the money.

I believe his 0.275 Eth and altcoins worth 0.7 Eth would not have been lost if he just allowed the good Samaritan in him to do the right thing. Anyway, he should take action already and stop dragging feet! The reason he gave for not contacting the exchange will not sail as four days is already too long to make any form of contact with the exchange. Contact the exchange, return their money and get yours back or just simply forget ( while accepting 50% of the blame too).

maxreish

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Omg, if we are talking about the dignity and honesty of one's personality. If that friend of yours received the wrong coins which cost of course high amount of money, I think he should return that to that particular exchange. Whether it is decentralized or not).

The fact that the exchange has it's fault but they have a business running and that 24 eth is supposedly their profit now, or their companys "supposedly" income, they deserved to get back that 24 eth. I honestly doubt though that the person will return that.

GreatArkansas

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Quote from: iamsheikhadil on October 24, 2020, 03:25:52 PM

The fact is if the exchange is KYC based, definitely the exchange will come after the person if they don't return the funds lmao. 22 eth is a substantially good amount.
(....)

The problem is the said exchange is decentralized, as OP said.
So the difficult part here is how the exchange contacts the owner of Ethereum address.

Since there is no information on the owner of the ethereum wallet, so there is also no way that the exchange knows the owner.

For me, to be honest, I will think that it will become a lesson for the exchange itself if they were already known that was a bug, it's like it is already a loss of them because of their fault also, although we can't really sure 100% on every system, there will be always a hole.

tippytoes

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Quote from: enhu on October 24, 2020, 05:19:35 PM

Quote from: Oilacris on October 24, 2020, 03:13:37 PM

Quote from: BuNga_cute on October 22, 2020, 10:55:36 PM

To be honest I am definitely tempted by 24 ETH, and I will consider it mine. But if the exchanges ask me to return it,
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.

99% of us people wont really return this money for sure.This is indeed a big money on where most people cant really even earn for sometime no matter how hard they do their 8-5 jobs.

It might be sound harsh but people are naturally greedy and theres no way that people cant just easily slip that big amount into their hands which they would rather consider it as a blessing instead.

I highly doubt to those people who do tell that they would return the amount that had been accidentally been sent out but when you are in the actual situation then i would say that honesty will really be in big question.

Lol Don't lose hope for humanity brow. There are good people still, it may bve hard to beleive but deep down inside these people there is a good intention to return back the coins. Circumstances though can change minds of individuals, there is the need to weigh-in for them whether to return or not. Its tempting because its a big amount.

I still believe that the good side of humanity still exists. If you are a person that had upbringing of sticking to your principles no matter what the circumstances are laid onto you, I believe you will do the right thing. Because you can't live from that money that you know is not yours. It is better to live a modest life rather than live in a semi-comfortable one that you know it is not your hard-earned money. So basically, your principles in life here is really tested.

enhu

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Quote from: Oilacris on October 24, 2020, 03:13:37 PM

Quote from: BuNga_cute on October 22, 2020, 10:55:36 PM

To be honest I am definitely tempted by 24 ETH, and I will consider it mine. But if the exchanges ask me to return it,
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.

99% of us people wont really return this money for sure.This is indeed a big money on where most people cant really even earn for sometime no matter how hard they do their 8-5 jobs.

It might be sound harsh but people are naturally greedy and theres no way that people cant just easily slip that big amount into their hands which they would rather consider it as a blessing instead.

I highly doubt to those people who do tell that they would return the amount that had been accidentally been sent out but when you are in the actual situation then i would say that honesty will really be in big question.

Lol Don't lose hope for humanity brow. There are good people still, it may bve hard to beleive but deep down inside these people there is a good intention to return back the coins. Circumstances though can change minds of individuals, there is the need to weigh-in for them whether to return or not. Its tempting because its a big amount.

iamsheikhadil

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The fact is if the exchange is KYC based, definitely the exchange will come after the person if they don't return the funds lmao. 22 eth is a substantially good amount.

But as an ethical person, I'll simply return it. Why would I make loss to a platform that is a genuine business and through which I make genuine earnings? I would never do that!

I'm sure, when I return the 22 eth, the exchange will definitely gift me something in return Wink

even if they don't, it's ethical and moral for any sane person to return it back

BlazingHashes

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Wow, first of all, I believe this is a true story, but it's not 24 eth but my friend once had such an experience, he pulled out about $ 45,000 from an exchange instead of $ 2,000.

I also don't think this is a story that should be used to judge one's personality. They are not intended to steal or deceive, but it is difficult to resist the temptation of not a small amount. No matter what, if the opportunity is not of one person, it will also come to another. So the best way is to quickly pull it out, use it to stabilize your life, keep investing. And when you have a strong financial position, give a small deduction to public service or charity.

Oilacris

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Quote from: BuNga_cute on October 22, 2020, 10:55:36 PM

To be honest I am definitely tempted by 24 ETH, and I will consider it mine. But if the exchanges ask me to return it,
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.

99% of us people wont really return this money for sure.This is indeed a big money on where most people cant really even earn for sometime no matter how hard they do their 8-5 jobs.

It might be sound harsh but people are naturally greedy and theres no way that people cant just easily slip that big amount into their hands which they would rather consider it as a blessing instead.

I highly doubt to those people who do tell that they would return the amount that had been accidentally been sent out but when you are in the actual situation then i would say that
honesty will really be in big question.

BTCappu

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24 Ethereum now is more than $9,600 and what you sent to them is 24 USDT which is worth $24. To be sincere I am going to have difficulties in making a decision in a case like this, and to make it worse, if you tell your friends they will say things like “well you’re a lucky man, so why give it back?”

But with my church mind, I am definitely going to say that you should give it back to them and collect what is right. Then the question is how many of us will be ready to give it back to them? But I’d still say that you should listen to the voice within you and do what’s right.

goldade

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Quote from: Fivestar4everMVP on October 21, 2020, 11:36:42 PM

Greetings bitcoiners

I asked this same question in one other crypto forum but am yet to get answers, so am bring the same question here for your opinions and thoughts

So for example, you sold an altcoin for usdt in one of this semi decentralized exchanges that claim to be fully decentralized, you sold your altcoin and got a total of let's say 24 usdt, you then place a withdrawal of that full amount, instead of the exchange sending you 24 usdt, for some reason you and I don't know, they sent you 24 eth instead.

So my question is.. What will you do? Will you return the money?

And note.... This is not fictional, it happened for real to a crypto friend of mine.

So let's discuss.

In a situation such as this, one is faced with a very tough decision and it is only one's moral and religious standard that best influences one's decision.
24 ETH, about $9000, is a huge sum of money in my country. Personally, I will return it not forgetting how difficult that would be.
I, however, think I should get a compensation fee for returning the money. I'm sure not everyone would return such amount and I should be praised for doing that.

Strongkored

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A few years ago there was an exchange (CEX) that had bugs, I don't know if it happened to all pairs but the bugs I know are on BTC to Altcoin, when you place a sell order and cancel it then your coins will increase more than 70% there are traders who tried to withdraw the coins and it was successful sent to wallet.

Back to the topic, I would choose to return it even if the value could make a difference to my finances and I will not consider that as luck, but more to prove someone greedy or not.

Topic: 24 eth instead of 24 usdt....What Will You Do If.......? - page 2. (Read 620 times)