Topic: If someone mistakenly sent you 1 ETH, what would you do? (Read 1038 times)

Newcomers into crypto usually make mistakes because of their lack of education. With many wallets adopting a user-friendly interface, mistakes are often a rarity these days. The only way someone would mistakenly send you 1 ETH is if the address has been typed manually. Scanning QR codes or NFC tags avoids this problem. But for reasons unknown, some people prefer to type in addresses manually for sending coins across the Blockchain. If you receive free ETH by mistake, you can either keep it yourself or send it back to its original owner. The fact that crypto/Blockchain tech is decentralized, allows anyone to do as they wish with funds confirmed on-chain. That's not the case with centralized payment processors like PayPal or Skrill.

As long as you put the coins to good use, nothing else matters. I'd personally donate the 1 ETH to a charity of my choice by exchanging it to Fiat. If you're planning to send coins back to its original owner, then ask for a transaction hash along with a signed message from the address where the funds originated from to prove ownership. It'll be quite challenging for the owner to contact you directly since addresses have no identities linked to them. But if you publicly disclose your addresses along with your contact info, it'll be much easier for the owner to claim the funds back from you. Whatever you do with the coins receive by mistake, it's your call. Just my thoughts

This is so hilarious though, okay, this is a very rare thing to happen. I can never make such mistake as for me, and perhaps when such mistake happens, I will gladly return it back to the owner, that's the best thing, One day I will loose something more too.

It's true, there's no one good enough to be able to pay you back for. In 2017 I mistakenly sent more than 5 ETH to a strange address, and in the end they never returned it to me. Instead they moved it to Cryptopia and sold them, that's my mistake and we need to take responsibility for it.

I will advice to send the Eth back to the rightful owner because what goes around comes back around, there is nemesis for every moves we make in our lives, what good can 1 ETH bring to your life if I may ask? Better let go since you never work for it

If someone has mistakenly sent me a 1 ETH, I would instead return it to the original owner because I bet the owner will have regrets and anger to himself. I also made a mistake back then, but I only accidentally sent an amount of 0.003 BTC, and the person that I accidentally sent didn't return my bitcoin. So don't do something to other people that don't want to do to you.

If that ever happened to me. How I wish. I will definitely find sleeper coins/tokens, low cap coins, since there's no way but up because the coin that I am going to buy are on the floor already. For example, if I buy 1 sat coins/tokens, and it became 2 sats, it only means that I double my money. What if it because 10 sats? But of course, I will find good fundamentals coins/tokens not just shit coins.

Everyone will be very happy if someone gives 1 ETH prize, and it feels like a dream come true. But the OP discussed about the wrong ETH delivery, here is very clear, wrong delivery and Gift has a different case. If something goes wrong sending ETH to your wallet, will you consider the ETH that goes to your wallet as a gift?

Don't get me wrong, I have seen many acts of kindness from cab drivers in our town. The 15 minutes of fame on TV where the media reports their kindness, and the sweet promise of rewards from local authorities. So I guess many will do the same deed of kindness like the cab drivers. But human nature also gives us people who has like I argued before the finders keepers attitude. More like they do not want to return the money thinking that it is the stupidity of those who send. But what the heck, this is the crypto and I don't think people will be careless enough to send money accidentally to an incorrect address.

I will definitely invest it into other altcoins more likely defi projects cause thier price can go up in a short period of time. I hope someone will truly give me 1 eth as gift.

If it is 100 ETH then it is a different question. 1 ETH to lose is unpleasant but not critical when the loss of the same 100 ETH due to a stupid mistake is no longer a joke.
If the question was about such numbers, then I would return the money with a deduction of my fee (the "tax on stupidity") in the amount of 2-5%, depending on the politeness and friendliness of this person. Yes, you can return the entire amount in full, but then it will not teach a person anything (and will not be profitable for you). And so he will remember such a mistake and pain for the rest of his life but will thank fate and you for the fact that his money returned to him with little fee.

It's more ethical discussion than anything else, and I agree with you, will someone return money or not will depend on financial situation of that person. Who has financial problems will take that money and cash it out quickly, who is has no financial worries will do the right thing. And we can't blame anyone here, sender who made a mistake should learn from that and if he is lucky maybe someone will return money to him, but if that doesn't happen he shouldn't blame anyone for his own mistake.

i think it will also depend on the financial situation of a person. i do not speak for myself by the way.it is logical that if you are in a financial bad situation, its tempting to keep funds that you accidentally receive, because it is not a bank transfer but crypto, which gives much more anonymity. the sender should be more careful it think. but that is an ethical discussion.

Well, I also thought he would never do that. If someone sends him some ETH, he will take it and buy what he needs. Very few people can ever return this money to the sender, unless he has too much money 

Only newbies will do that if it's a newbie then I will give it back to him but if he is holders for a very long time I want to know the exact reason why this things happen, I always double check the the first three and the last three of the character before I sent it and the biggest question is how did he got my wallet, if he has a good reason then I will send it back if not only half of the amount.

Honest to goodness opinion right here. Some call this real talk, finders keepers, and stupidity. Definitely many of us will choose that route. What if you received 100 ETH then I doubt many will return it, unless you will be afraid somebody might research and try to find who owns the said ETH address which is near impossible to trace, unless you wrote it on the internet that you own the wallet. Anyway, the scenario is somewhat possible though in different ways, like a businessman losing his case inside a taxi and the briefcase has 40,000 dollars on it - 100 ETH. Life is cruel if you are not careful.

Well, you can say that in an ideal world. In the real world full of poverty and greedy people (amidst the beauty and the goodness of the world of course), you will find people who have a finders keepers attitude. You made the mistake of sending a big amount of ETH then good luck. That is what it is, sorry to be the bringer of the bad news but that is how I find people nowadays, a mixture of good and greedy. Good samaritans and One eyed pirates. If you lost something good luck who will pick the thing and pray it goes back to you.

I will do the same thing as you if on my address there are no comments about 1 eth that I receive, I will give at least 1 week if not 1 ETH I will use it for trading.

This is not good statement from you as we don't no what will happen because its everyone's personal view what will he do I know many persons those send back big amounts without any problem even they need this all but they never like to have any penny from others as happen things like this.

if it happens to me accidentally then I will voluntarily return it back to the original owner. but I think it's impossible, I haven't even heard of any mistakes in transactions eth, I mean without exception the wallet keys are known to your closest people.

It all depends on the circumstances. But I'm inclined to just keep this 1ETH - and call it the " stupidity tax." If I received one coin from a stranger it means that he made a mistake and it will not hurt to teach him a lesson so that in the future he was more careful. It is better for this person to lose 1 ETH in my favor than to lose 100 ETH in the future if they fall into the clutches of scammers. This is an honest payment for a useful lesson.