Aged Bitcoins Service / Premium? | Bitcointalksearch.org

DaveF

legendary

Activity: 3500

Merit: 6320

Crypto Swap Exchange

Quote from: LoyceV on May 31, 2021, 03:36:24 AM

Quote from: DaveF on May 30, 2021, 07:32:17 PM

Did a quick calculation of BCH+BSV+BTG and came up with a bit over 2.5% ($875 at the time) and then just figured the dozens of the other crap forks would add together to get to about the same.

My estimate for the value of the other crap forks is "close to zero". Many don't have a working wallet, decent exchange, or trading volume.

Had some time today where I could not do any work but had to be available.
So I poked around at the other forks and if there are working wallets and exchanges.
Here are the quick and easy ones:

As of now 1 BTC is worth $36346.85
If you had 1 BTC before the BCH fork you have:
1 BCH = $685
1 BSV = $173
1 BTG = $59
1 BCHA = $19
10 BCD = $2.70 each so $27.00
10k BCH = $0.0015 each so $15.00
1 GOD = $7.00
500 RHOM = $3.60

There were a bunch more forks probably close to 15 that were active and had wallets and exchanges but all were under $2.00 most were under $0.5
So yes, @LoyceV was correct not worth it. Unless you really really really have a lot of time and no money....

-Dave

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: DaveF on May 30, 2021, 07:32:17 PM

Did a quick calculation of BCH+BSV+BTG and came up with a bit over 2.5% ($875 at the time) and then just figured the dozens of the other crap forks would add together to get to about the same.

My estimate for the value of the other crap forks is "close to zero". Many don't have a working wallet, decent exchange, or trading volume.

Quote

Anyway, the main reason I can see needing it is to prove you have "been in the game" for a while.
Trying to impress the newbies so to speak. If it's for a scam or just to posture would have to be seen.

That's why I assumed taxes or money laundering. Example: say you sold a stolen fighter jet to a terrorist group for a million dollars in Bitcoin, and you want to use the money to buy a house. You'll get questions you can't answer! But if you sell 25 Bitcoins that haven't been moved for 10 years and buy a house, you can answer any questions from authorities by claiming you received the 25 Bitcoin when you sold an old laptop in 2011.

DaveF

legendary

Activity: 3500

Merit: 6320

Crypto Swap Exchange

Quote from: LoyceV on May 30, 2021, 07:18:49 AM

Quote from: DaveF on May 29, 2021, 01:29:30 PM

The 4 year time frame you are looking for is going to be tough with just a 10% over since there is about 5%+ of value of forks on those coins and the value of the collectable itself.

The Fork-value is closer to around 2.5% of the Bitcoin value. But since collectibles have to be physically delivered, I doubt this is what OP is looking for.

Did a quick calculation of BCH+BSV+BTG and came up with a bit over 2.5% ($875 at the time) and then just figured the dozens of the other crap forks would add together to get to about the same.
If it's worth the time to someone to put in the time, and if they have the ability to track down all the odd wallets and small exchanges to get value for the forks is going to vary person to person.

Anyway, the main reason I can see needing it is to prove you have "been in the game" for a while.
Trying to impress the newbies so to speak. If it's for a scam or just to posture would have to be seen.

-Dave

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: PrimeNumber7 on May 30, 2021, 09:38:26 AM

There isn’t any reason why a collectible coin needs to be delivered if the buyer only wants the private key associated with the collectible coin. A buyer could buy ownership of a collectible coin, and instead of having the seller ship the coin, the buyer could instruct the seller to peal the coin and disclose the private key.

True, that could work.

Quote

With that being said, I am still very suspicious of the OPs motivations.

It could also be a scam-attempt, for instance using a fake escrow.

PrimeNumber7

copper member

Activity: 1652

Merit: 1901

Amazon Prime Member #7

Quote from: LoyceV on May 30, 2021, 07:18:49 AM

Quote from: DaveF on May 29, 2021, 01:29:30 PM

The 4 year time frame you are looking for is going to be tough with just a 10% over since there is about 5%+ of value of forks on those coins and the value of the collectable itself.

The Fork-value is closer to around 2.5% of the Bitcoin value. But since collectibles have to be physically delivered, I doubt this is what OP is looking for.

There isn’t any reason why a collectible coin needs to be delivered if the buyer only wants the private key associated with the collectible coin. A buyer could buy ownership of a collectible coin, and instead of having the seller ship the coin, the buyer could instruct the seller to peal the coin and disclose the private key.

With that being said, I am still very suspicious of the OPs motivations.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: DaveF on May 29, 2021, 01:29:30 PM

The 4 year time frame you are looking for is going to be tough with just a 10% over since there is about 5%+ of value of forks on those coins and the value of the collectable itself.

The Fork-value is closer to around 2.5% of the Bitcoin value. But since collectibles have to be physically delivered, I doubt this is what OP is looking for.

Quote from: agedbitcoin2 on March 27, 2021, 06:21:09 PM

PM me for reason.

I'm still curious: can you share (PM?) the reason?

DaveF

legendary

Activity: 3500

Merit: 6320

Crypto Swap Exchange

You might want to take a look in the Collectibles board https://bitcointalk.org/index.php?board=217.0
There are people who are selling funded coins that go back a while.

The 4 year time frame you are looking for is going to be tough with just a 10% over since there is about 5%+ of value of forks on those coins and the value of the collectable itself.

There are probably a lot of people with mid to late 2018 wallets out there, after a lot of the forks calmed down.

Then you get to the really old stuff that is going to have an even higher premium on it because it's just cool having the earlier coins.

-Dave

agedbitcoin2

newbie

Activity: 6

Merit: 0

Someone wants to trade? Cheesy

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

I honestly didn't realize people still paid such a premium for aged bitcoins. I mean, before yes, before the 2017 rally I kinda understood it, Mt Gox coins and hacked coins and illegal coins etc but now Bitcoin fungibility is the thing, and there is no such thing as 1 bitcoin is more/less worth than another.

Or can someone correct me?

agedbitcoin2

newbie

Activity: 6

Merit: 0

Quote from: PrimeNumber7 on March 28, 2021, 11:49:06 PM

Quote from: LoyceV on March 28, 2021, 11:28:52 AM

Quote from: agedbitcoin2 on March 27, 2021, 06:21:09 PM

PM me for reason.

Let me guess: taxes? Claiming capital gains while in reality you got the coins in other ways?
As attractive as this offer sounds, I wouldn't dare risk money laundering charges because of this.

I think it is probably more likely that the bitcoin being exchanged can be traced back to a theft or hack. There is no reason to need to prove you held coin for 4 years to pay long term capital gains tax rates. You also do not need to provide that level of documentation when filing your taxes, at least in the US, and assuming you are not being audited (audit rates are very low, and I have no idea what level of documentation would be needed in the event of an audit).

I think if anyone were to deal with the OP, they will end up having many merchants and exchanges be unwilling to accept their coin.

I would be willing to deposit + withdraw them from bitfinex or binance to prove that they are not stolen./blacklisted

As I wrote in the post there could be also other people interested in this who only need 1 year aged coins.

PrimeNumber7

copper member

Activity: 1652

Merit: 1901

Amazon Prime Member #7

Quote from: LoyceV on March 28, 2021, 11:28:52 AM

Quote from: agedbitcoin2 on March 27, 2021, 06:21:09 PM

PM me for reason.

Let me guess: taxes? Claiming capital gains while in reality you got the coins in other ways?
As attractive as this offer sounds, I wouldn't dare risk money laundering charges because of this.

I think it is probably more likely that the bitcoin being exchanged can be traced back to a theft or hack. There is no reason to need to prove you held coin for 4 years to pay long term capital gains tax rates. You also do not need to provide that level of documentation when filing your taxes, at least in the US, and assuming you are not being audited (audit rates are very low, and I have no idea what level of documentation would be needed in the event of an audit).

I think if anyone were to deal with the OP, they will end up having many merchants and exchanges be unwilling to accept their coin.

anonymixer

copper member

Activity: 50

Merit: 61

I lost all my Bitcoin in a boating accident.

agedbitcoin2

newbie

Activity: 6

Merit: 0

Quote from: LoyceV on March 28, 2021, 11:28:52 AM

Quote from: agedbitcoin2 on March 27, 2021, 06:21:09 PM

PM me for reason.

Let me guess: taxes? Claiming capital gains while in reality you got the coins in other ways?
As attractive as this offer sounds, I wouldn't dare risk money laundering charges because of this.

Quote from: agedbitcoin2 on March 28, 2021, 06:41:09 AM

Basically just need coins from an aged transaction and the ability to sign a message from that old address.

The problem with that is that the "seller" can also still sign the same message, and if he too uses it for taxes, it might come back to haunt you later.

For that use case you have to exchange the whole amount of the address / or get the private key. Still possible.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: agedbitcoin2 on March 27, 2021, 06:21:09 PM

PM me for reason.

Let me guess: taxes? Claiming capital gains while in reality you got the coins in other ways?
As attractive as this offer sounds, I wouldn't dare risk money laundering charges because of this.

Quote from: agedbitcoin2 on March 28, 2021, 06:41:09 AM

Basically just need coins from an aged transaction and the ability to sign a message from that old address.

The problem with that is that the "seller" can also still sign the same message, and if he too uses it for taxes, it might come back to haunt you later.

agedbitcoin2

newbie

Activity: 6

Merit: 0

Quote from: anonymixer on March 28, 2021, 07:37:32 AM

Quote from: agedbitcoin2 on March 28, 2021, 06:41:09 AM

The shared private key would also be no problem, I would transfer the coins out immediately.
Even a 1=>1 Transaction would be fine if the origin address signs a message of my choice.

Basically just need coins from an aged transaction and the ability to sign a message from that old address.

This makes sense. In the 1 => 1 transaction you could include an OP_RETURN Output with a message stating this. An example:

https://blockchair.com/bitcoin/transaction/1de99d383743158acfc2d2a21231c226df23c24c1ba4aa1059addcf5e1b348b5

That would work yes Wink

PMed you more details.

anonymixer

copper member

Activity: 50

Merit: 61

Quote from: agedbitcoin2 on March 28, 2021, 06:41:09 AM

The shared private key would also be no problem, I would transfer the coins out immediately.
Even a 1=>1 Transaction would be fine if the origin address signs a message of my choice.

Basically just need coins from an aged transaction and the ability to sign a message from that old address.

This makes sense. In the 1 => 1 transaction you could include an OP_RETURN Output with a message stating this. An example:

https://blockchair.com/bitcoin/transaction/1de99d383743158acfc2d2a21231c226df23c24c1ba4aa1059addcf5e1b348b5

agedbitcoin2

newbie

Activity: 6

Merit: 0

The shared private key would also be no problem, I would transfer the coins out immediately.
Even a 1=>1 Transaction would be fine if the origin address signs a message of my choice.

Basically just need coins from an aged transaction and the ability to sign a message from that old address.

anonymixer

copper member

Activity: 50

Merit: 61

Some-one may be prepared to pay money for that.

The thing is, once you shift those coins, even a Transaction of 1 => 1 the coins are now no longer "aged".

To hand over "private keys" to the buyer, the unfortunate part about this is that the seller may still posses a copy of the keys and can spend from those inputs in the future.

agedbitcoin2

newbie

Activity: 6

Merit: 0

Hey,

is there a service / someone offering to sell old (4 years+) bitcoin addresses (that hodled btc) including private keys?

What would be the premium for it? Would be worth at least 10% premium for me/many others. (Exchanging 1.1 new btc for 1 old btc)

(And no, the goal is not to sell off forked coins - I dont care. PM me for reason.)

Topic: Aged Bitcoins Service / Premium? (Read 304 times)