Topic: Buying historically significant bitcoins? (Read 1993 times)

Still, being part of a historical transaction would be quite cool!

That depends.

Did Address B have any other bitcoins there before the 50 BTC were sent from A and C?
Did Address D have any other bitcoins there before the 50 BTC where sent from B?
Did Address E have any other bitcoins there before the 50 BTC where sent from B?
Did the transaction that sent to address D spend the output from the transaction that sent 50 BTC from A to B? Or did it spend the output from the transaction that sent 50 BTC from C to B? Or did it spend both outputs? Or did it spend neither output? I'd need to see the actual transaction in the blockchain to answer your question.

Depending on exactly how the transactions were created (which could be traced through the public blockchain), it it possible that address D (or address E) have 100% of the value from the significant bitcoins.  It is also possible that the value is split up in percentages between addresses B, D, and E.

Exactly , well said. Thus the OP proposition doesn't add up.

Bitcoin are just not coins, you could destroy the link to a significant event in just a few steps:

Address A has 50 significant bitcoin
Address A send 50 bitcoin to address B
Address C send 50 bitcoin to address B
Address B send 50 Bitcoin to address D
Address B send 50 Bitcoin to address E

Now answer me this: In which address are this significant Bitcoin?

I think in the future there may be pools which charge a little extra and awards you the mined block. You can then keep it as a souvenir.

Virgins are always attractive for men, yeah sure he's thinking about it 

Value is a relative thing. I would not pay over market price for a "special" bitcoin myself, but I can see a certain coolness factor to the idea. If I happened to receive one with significance I would probably stick it in cold storage.

I don't think it is wise to participate in a market (either buying or selling) where a premium is being paid because the inputs of a transaction can be traced back to some historical event. Having such a market threatens the fungiblity of Bitcoin.

If there is a premium for certain inputs that have historical meaning then there could potentially be a discount for inputs that have a certain level of "taint" from a controversial transaction (for example a theft or a hack)

Bitcoin as such is fungible, but some people do like to treat it as a collectible.

Freshly mined bitcoins command a premium. One reason could be that they are definitely not tainted by any criminal action. They were even sold in the bitcointalk marketplace.
https://bitcointalksearch.org/topic/--640036

I guess at one time someone wanted to buy the coinbase (block reward) for the last 50 BTC block (or 25 BTC block, I can't really remember) from whoever was going to mine that block. Does anyone know what came of this story? It's quite a lot money given Bitcoin's current value to buy and hold the block reward just for sentimental values.

The "bitcoins" from the first block were never spent (and because of the way the protocol was written, can never be spent).

You could track the value of outputs accessible from your wallet back through the transactions that provided that value until you reach the blocks where that value originated.  In many cases you are likely to have value that traces back to MANY different blocks, so what you'd end up with is a percentage of value from each block.


No.  There are no actual "coins" therefore there is nothing to apply a date stamp to.


No.  The blockchain transaction history is the only thing that exists. There are no "actual" coins to mark.


There are no coins to give a mint # to.  However, there are blocks that provide the initial value. That value is passed on through transactions and can be traced in percentages to unspent outputs.  You could theoretically compute the percentage of value from each block number.


There is no way to distill the value associated with outputs.  As the coins are traded, they become more and more diluted.  While it might be possible to "combine" value traced back to a specific block, there isn't any way to "remove" the value that comes from other blocks.

Example:

You could receive a 25 BTC transaction that gets half its value from a recent block (block A), and one fourth of its value from each of the next two blocks (blocks B & C).
Then you could receive another 25 BTC transaction that gets half its value from from block A, and the other half of its value from block B.

Your wallet now has 50 BTC two outputs.
25 BTC (50% of the wallet balance) comes from block A
18.75 BTC (37.5% of the wallet balance) comes from block B
6.25 BTC (12.5% of the wallet balance) comes from block C

It is not possible for you to send away any of the value that was provided from block B or block C without also simultaneously sending away at least some of the balance from block A.

If you try to send away any value from block C by spending the second transaction that you received, then you'll be sending value from block A as well since that transaction contains 12.5 BTC from block A.
If you try to send away any value from block B, your only choices are to spend either one or both of the transactions that you received and they each contain 12.5 BTC from block A.

I think an early Casacius coin would have value, but a BTC itself. I don't think would have any numismatic value.

Maybe you think of virgin Bitcoins?

Is there a date stamping mark that appear on every coin? Other than the blockchain transaction history would there be any other  significant marking on the coin itself??? Rather than coins i would rather collect historically significant addresses

They can be tracked through the blockchain. Somebody did a analysis on the block which satoshi moved sometime back.

Is there anyway to actually see if the bitcoins in your wallet are from the first block? like the real money having dates on them?
I guess, the only way to buy would be to obtain the private keys from people who mined at first and still have them intact in their wallets .

This. With Bitcoin it is hard to really know where stuff originated from, the more it moves the worse it gets and they would lose value like said.
I'd recommend buying limited edition physical coins.

You can ask for the private key of one of those unmoved blocks, but there is always the risk that the original owner hasn't destroyed it after giving it to you.

YES, there is important Bitcoins out there.
They are found here: https://blockchain.info/block/00000000d1145790a8694403d4063f323d499e655c83426834d4ce2f8dd4a2ee

AFAIK those are the only 10 coins that actually left Satoshi's possession.
I wouldn't mind having a fraction of those 
Their value is probably worth x1000 times more as there will NEVER be another transaction from Satoshi.
If there is ever another transaction from Satoshi that means Bitcoin is about to crash badly.

This sounds like new generation collection: Historically Significant Bitcoins! Another area for smart sellers, why not? It's possible to sell with that tag to n00b, newbie Bitcoin buyers...