Does old bitcoins worth any extra ? | Bitcointalksearch.org

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: NorrisK on June 28, 2015, 04:06:49 AM

Quote from: Amph on June 28, 2015, 02:45:33 AM

Quote from: photon_coin on June 27, 2015, 08:36:29 PM

i heard some people who want to remain annonymous like to get fresh mined coins unredeemed so they cannot be as easily traced in the blockchain, i may have heard wrong,

and how do you get those? the only way will be via wallet sharing, but it could coem with a nice virus, also you never know if the private key is safe(probably not), so in the end you need to move those in another address.

and this will kill the whole point, it is better to mine it for yourself

Coins with only one transaction (from miner to you) should be almost as anonymous as a coin mines directly into you wallet or not?

if you mine the coins yourself you can do this.
for example see this: https://blockchain.info/tx/54106ef5d91921027439370a711e867783f682495284b3219a353109314f13ca
it is bitfury's mining address.
if you can do solo mine, and set your address as receiving address you can stay anonymous but your ip is revealed and also you can not solo mine nowadays!

Johny Depp

full member

Activity: 211

Merit: 125

busting the bastards

Quote from: Lorenzo on June 27, 2015, 09:42:05 PM

Quote from: Johny Depp on June 27, 2015, 06:48:39 PM

Quote from: zz11 on June 27, 2015, 06:25:23 PM

No. At least not the ones from 2013, they are not old.

Maybe someone would pay some premium for the first blocks mined, but not from 2013 coins.

The best you can do is claim clams and maybe other altcoins, but not much more

What are those other Alt coins that can be claimed ?

The only other altcoin that I know of which uses a similar distribution method to that of CLAMs is Qeditas (link) which is still under development and has not been launched yet. The main difference between their distributions is that in the case of Qeditas, users' balances will be proportional to the amounts that they had in the Bitcoin blockchain rather than the fixed 4.6 CLAMs per address:

Quote from: Bill White on March 21, 2015, 11:11:35 AM

The current plan is to take a snapshot of the Bitcoin block chain up to (not iincluding) the block at height 350,000. At this point 2/3 of the Bitcoin distribution will be complete. This block should be published on (approximately) March 31, 2015. If you have bitcoins under your (sole) control, then you will have a corresponding initial distribution in Qeditas. Your part of the initial distribution will be easiest to claim if it is in an ordinary pay-to-public-key-hash (p2pkh) address. I will include pay-to-script-hash (p2sh) addresses as well, but the claim process will be more involved and in a small number of cases p2sh claims may fail if they make use of uncommon parts of the script language.

The primary reason for this pre-announcement is to give everyone a chance to ensure their bitcoins are under their control (not on exchanges) and (preferably) in a p2pkh address. If your bitcoins are not under your control as of block 350,000, then the corresponding Qeditas units will also not be under your control.

Quote from: Bill White on March 22, 2015, 07:41:03 AM

My understanding is that the CLAM project gave a fixed amount of clams (about 4) to each address with a "non-dust" amount of bitcoins, litecoins or dogecoins on a certain date in 2014. Those with many bitcoins in few addresses got few clams. Those with few millibits in many addresses got many clams. This means there was a significant redistribution of wealth. Qeditas will use a snapshot intended to preserve the wealth distribution in the Bitcoin block chain. That's the main difference between the approach of CLAM vs. a spin-off in the sense of Peter R. (Additionally, the snapshot will be only of Bitcoin, not Litecoin or Dogecoin.)

So, in short, to get any of those Alt coins, I dont need to keep bitcoins sitting in my address. Am I wrong ?

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

I don't know the age of my BTC. Don't even know how to get this information. I know that in some countries, there's a date (only month and year actually) on the banknotes to tell when it was issued, but who cares? That makes no difference at all. Money's money whatever the age, and there's no premium coming from age.

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: Amph on June 28, 2015, 02:45:33 AM

Quote from: photon_coin on June 27, 2015, 08:36:29 PM

i heard some people who want to remain annonymous like to get fresh mined coins unredeemed so they cannot be as easily traced in the blockchain, i may have heard wrong,

and how do you get those? the only way will be via wallet sharing, but it could coem with a nice virus, also you never know if the private key is safe(probably not), so in the end you need to move those in another address.

and this will kill the whole point, it is better to mine it for yourself

Coins with only one transaction (from miner to you) should be almost as anonymous as a coin mines directly into you wallet or not?

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: photon_coin on June 27, 2015, 08:36:29 PM

i heard some people who want to remain annonymous like to get fresh mined coins unredeemed so they cannot be as easily traced in the blockchain, i may have heard wrong,

and how do you get those? the only way will be via wallet sharing, but it could come with a nice virus, also you never know if the private key is safe(probably not), so in the end you need to move those in another address.

and this will kill the whole point, it is better to mine it for yourself

sun64986161

full member

Activity: 149

Merit: 100

In God Im Trust

Quote from: Johny Depp on June 27, 2015, 05:29:44 PM

I have some old bitcoins in one address. Those are from 2013. I would like to know, if they worth any extra ? Like I can have some alt coins for free or something else... any idea ?

you can get free clam,,
read detail in here https://yacuna.com/blog/get-clam-coins-for-free/
and this ANN from clam
https://bitcointalksearch.org/topic/annclam-clams-proof-of-chain-proof-of-working-stake-aka-clamcoin-623147

bitbaby

hero member

Activity: 812

Merit: 1000

Quote from: Johny Depp on June 27, 2015, 05:29:44 PM

I have some old bitcoins in one address. Those are from 2013. I would like to know, if they worth any extra ? Like I can have some alt coins for free or something else... any idea ?

The age doesn't adds anything to it's value, the only value I can think of it is you may be able to send them without adding any fee because of it's age.

And as far as getting altcoins for free, CLAM is the only altcoin I know that was distributed through, Bicoin, Litecoin, Dogecoin Blockchain but they took a snapshot of the three Blockchains on May 12th, 2014 and distributed all Clams to all funded addresses on the Bitcoin, Litecoin and Dogecoin networks. Every address received the equal amount of 4.60545574 Clam, so you can check to see if you had any clams in that address.

Easiest way of doing that is on https://just-dice.com/ but make sure to move any funds from that address before you claim Clams and after you have, consider that address compromised because someone else might be able to access the funds on that address. So don't re-use that address and empty it beforehand.

pooya87

legendary

Activity: 3472

Merit: 10611

the only benefit of an old bitcoin that i can think of is the number of confirmation it has so at the time of spending it, the transaction is going to be considered "High Priority" you might even be able to send a legit free transaction (0 fee).
you can also get clams, but don't forget to empty the address before giving it for clams.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Lol... this is funny. Why should the old coins be valued more than the new coins? It is like saying that a €500 bill or a $100 bill printed in 2005 is more valuable than those which were printed in 2015. Or it is like saying that a 1 Oz American Gold Eagle Bullion coin of 1985 vintage is more valuable, when compared to one which was minted in 2015.

BADecker

legendary

Activity: 3906

Merit: 1373

Value is in the eye of the beholder.

Gold doesn't have any value. You can't eat it.

Gold artwork has value according to how many people think that it is beautiful. The value is in the combination of gold and artwork. It is similar for industrial gold. The value is in the gold and its usefulness in industry.

If somebody thinks that a bitcoin mined to an address back in 2013 that hasn't been exchanged has value, and if he thinks that it could retain its value by being moved to his address, he might be right. If he isn't right in general, it still might be valuable to him.

Somebody should take the blockchain and make a piece of color 3D artwork out of its bitcoin structure, and then find pieces of the artwork that are particularly attractive, and sell the artwork.

Lorenzo

sr. member

Activity: 406

Merit: 250

Quote from: Johny Depp on June 27, 2015, 06:48:39 PM

Quote from: zz11 on June 27, 2015, 06:25:23 PM

No. At least not the ones from 2013, they are not old.

Maybe someone would pay some premium for the first blocks mined, but not from 2013 coins.

The best you can do is claim clams and maybe other altcoins, but not much more

What are those other Alt coins that can be claimed ?

The only other altcoin that I know of which uses a similar distribution method to that of CLAMs is Qeditas (link) which is still under development and has not been launched yet. The main difference between their distributions is that in the case of Qeditas, users' balances will be proportional to the amounts that they had in the Bitcoin blockchain rather than the fixed 4.6 CLAMs per address:

Quote from: Bill White on March 21, 2015, 11:11:35 AM

The current plan is to take a snapshot of the Bitcoin block chain up to (not iincluding) the block at height 350,000. At this point 2/3 of the Bitcoin distribution will be complete. This block should be published on (approximately) March 31, 2015. If you have bitcoins under your (sole) control, then you will have a corresponding initial distribution in Qeditas. Your part of the initial distribution will be easiest to claim if it is in an ordinary pay-to-public-key-hash (p2pkh) address. I will include pay-to-script-hash (p2sh) addresses as well, but the claim process will be more involved and in a small number of cases p2sh claims may fail if they make use of uncommon parts of the script language.

The primary reason for this pre-announcement is to give everyone a chance to ensure their bitcoins are under their control (not on exchanges) and (preferably) in a p2pkh address. If your bitcoins are not under your control as of block 350,000, then the corresponding Qeditas units will also not be under your control.

Quote from: Bill White on March 22, 2015, 07:41:03 AM

My understanding is that the CLAM project gave a fixed amount of clams (about 4) to each address with a "non-dust" amount of bitcoins, litecoins or dogecoins on a certain date in 2014. Those with many bitcoins in few addresses got few clams. Those with few millibits in many addresses got many clams. This means there was a significant redistribution of wealth. Qeditas will use a snapshot intended to preserve the wealth distribution in the Bitcoin block chain. That's the main difference between the approach of CLAM vs. a spin-off in the sense of Peter R. (Additionally, the snapshot will be only of Bitcoin, not Litecoin or Dogecoin.)

photon_coin

sr. member

Activity: 310

Merit: 256

Photon --- The First Child Of Blake Coin --Merged

i heard some people who want to remain annonymous like to get fresh mined coins unredeemed so they cannot be as easily traced in the blockchain, i may have heard wrong,

Cryddit

legendary

Activity: 924

Merit: 1132

Some folk will pay a slight premium for coins that have never been previously transacted. But that doesn't depend at all on how long ago they were mined.

Harry Hood

sr. member

Activity: 266

Merit: 250

Not unless they're physical coins made of brass or silver with the word "Casascius" or "Casacius" on one side...with an undisturbed hologram on the same side.

coinableS

legendary

Activity: 1442

Merit: 1186

Hmmm not really sure why anyone would pay a premium for older coins. There's nothing special you can do with them that you can't do with younger coins. What about coins from one of Satoshi's known addresses? Maybe that could fetch a premium to a collector for novelty value.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: BillyBobZorton on June 27, 2015, 06:53:53 PM

I hope not, it would kill fungibility.
One of the main reasons I think we never better privacy and a more obscure blockchain is, if you spot a coin that came from silk road or some dodgy place, you may not want to have it in your wallet.. this kills fungbility. Unfortunately I don't see a way to solve this as long as we have a public ledger.

Brand new coins aside, surely there's SR tainted dust in almost every address if you look hard enough. It's too far gone for that to be an issue now. The US marshals themselves sold 'drug coins'.

masterzino

hero member

Activity: 1218

Merit: 513

Not that i'm aware of...I think all bitcoins should be created/treated equally but if someone is willing to pay you more for some old bitcoin then by all means...

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

I hope not, it would kill fungibility.
One of the main reasons I think we never better privacy and a more obscure blockchain is, if you spot a coin that came from silk road or some dodgy place, you may not want to have it in your wallet.. this kills fungbility. Unfortunately I don't see a way to solve this as long as we have a public ledger.

Johny Depp

full member

Activity: 211

Merit: 125

busting the bastards

Quote from: zz11 on June 27, 2015, 06:25:23 PM

No. At least not the ones from 2013, they are not old.

Maybe someone would pay some premium for the first blocks mined, but not from 2013 coins.

The best you can do is claim clams and maybe other altcoins, but not much more

What are those other Alt coins that can be claimed ?

zz11

sr. member

Activity: 299

Merit: 250

No. At least not the ones from 2013, they are not old.

Maybe someone would pay some premium for the first blocks mined, but not from 2013 coins.

The best you can do is claim clams and maybe other altcoins, but not much more

Topic: Does old bitcoins worth any extra ? (Read 1167 times)