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Topic: Buying historically significant bitcoins? - page 2. (Read 2000 times)

legendary
Activity: 3528
Merit: 4945
December 03, 2014, 04:14:11 AM
#7
At the technical level, there is no such thing as "a bitcoin", so it wouldn't be possible to buy a particular bitcoin (or a particular set of bitcoins), since they don't actually exist.

What does exist is a transaction output with a value assigned to it.

This means that the best you can hope for is to own the private key associated with an address that one of these "special" outputs was encumbered with.  Of course, if you purchase a private key from someone, there is no way to know if they will keep a copy of it, and then spend the output at some time in the future.

The next best thing you can hope for is to have a transaction sent to you that can trace some specified percentage of its value back to one of these "special" outputs through the chain of transactions that provided that value.
sr. member
Activity: 462
Merit: 250
December 03, 2014, 03:48:04 AM
#6
Technically speaking, you can't buy one particular bitcoin. All you can be reasonably certain about is the bitcoin was part of a historical transaction
hero member
Activity: 784
Merit: 1000
December 03, 2014, 02:25:07 AM
#5
Unless these historically significant bitcoins were only one transaction away from origin, I wouldn't consider them special.

I'm sure some will be worth something, just like fresh coins will be worth more in the future (untainted coins). But they will only be worth by "how cool" your buyer thinks they are. Once you sold those coins they would be one more transaction away from the cool factor, unless the buyer trusted you and you just gave him the keys and no transaction was needed.
donator
Activity: 1617
Merit: 1012
December 03, 2014, 01:04:45 AM
#4
I think there is a problem with these kinds of collectibles - the more you transfer them the further away they are from the historical transaction and the lesser their collectible value. Kind of like the concept of tainted coins eventually cleansing themselves, but with the opposite effect in value.
hero member
Activity: 686
Merit: 500
December 03, 2014, 01:01:11 AM
#3
You could buy a 1st Gen Casacius coin. I've got one but I aint sellin it! :p

I'm not smart enough to know if a coin from Karpeles or Satoshi can be marked clearly enough once it starts circulating around the blockchain - you could see its transction history I guess.
hero member
Activity: 1008
Merit: 502
December 03, 2014, 12:43:02 AM
#2
Unless anew unfolding of events I would guess that since it all digital and no real actual tangible coins in our hands. So I would think,  no there are not sentimental valued coins out there. Maybe Just maybe a wallet address could be considered something valuable, but as of right now a wallet address is only as valuable as the digital number of bitcoins it  holds.
sr. member
Activity: 462
Merit: 250
December 03, 2014, 12:14:10 AM
#1
Is there any way to buy bitcoins (or fractions of a bitcoin) that are historically significant?

e.g. Satoshi's bitcoins, coins belonging to the last 50 BTC block or the first 25 BTC block, the coins that were part of Karpeles' 424,242 BTC transaction in 2011, or the coins that were exchanged during memorable moments in Bitcoin's history such as laszlo's pizza, etc.

I would think that if Bitcoin were to succeed (if it hasn't indeed already done so), historically significant bitcoins such as these would fetch a premium since they would be treated as rare/scarce "collectibles".
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