Why would someone want to buy an old empty ethereum address?

libert19

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Quote from: tvplus006 on November 23, 2023, 04:04:51 PM

The answer to your question is more than obvious, since the new wallet cannot claim retro airdrop, buyers are trying in this way to eligebet for airdrop in the future. And it is transactions on the Ethereum network, as a rule, that will act as one of the conditions for receiving airdrop, since sibyls avoid interactions on this network due to high commissions.

I also think it's so somewhere along the lines, but don't think it has to do with high fees of ethereum or that sybils don't have resources to make transactions, rather I feel that projects who gonna do retro airdrop will outright disqualify wallets which are new for reason that it might have been created for farming airdrop, so sybils are trying to avoid that and are looking for older wallets.

Sophokles

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Perhaps the buyer is trying to accumulate such addresses for participants in any airdrop or giveaway that has that kind of activity. OP should explore the internet to figure out what that dude is trying to do, as OP can miss a chance to grab a bigger profit than selling the account. If you think that this will be a hassle for you, then you can consider thinking about selling that account if someone really wants to buy it. I have an Old ETH wallet and i am thinking about doing some research about what is happening in here.

tvplus006

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Quote from: rodskee on November 21, 2023, 06:18:58 AM

Well whatever their plan and intention is still its quite unusual because they can easily create
their own wallet why look for old one that already exist and have been used from other transactions?..

The answer to your question is more than obvious, since the new wallet cannot claim retro airdrop, buyers are trying in this way to eligebet for airdrop in the future. And it is transactions on the Ethereum network, as a rule, that will act as one of the conditions for receiving airdrop, since sibyls avoid interactions on this network due to high commissions.

bittraffic

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I also saw that thread someone wants to buy an old ETH wallet. If they wanted to scam, they could just use the new wallet. I don't see any difference in what they are going to do. If it's for airdrop, then this user must have a piece of inside information about this airdrop and we are not aware of it.

Regardless of what they would do to the old wallet address of yours. How much would it take for you to sell your old wallet address?

gabbie2010

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Quote from: God bless u on November 21, 2023, 03:55:37 AM

Quote from: JeffBrad12 on November 20, 2023, 06:25:02 PM

might obviously be for airdrop purpose, any normal human wouldn't buy an address where private key already exposed, maybe they are interested in the history of transactions from that wallet and probably have found some airdrop that have such eligiblity therefore they are seeking such address.
because after all, even if you do sell your address, you will still see the private key, therefore its security risk for holding any asset, but if its for airdrop claiming they'd just claim and then dump the address immediately.

There is also another possibility that wallet buyer want to qualify for some new big project private sell..Their eligibility criteria including the wallet which has six months or older transaction..If empty wallet buyer know coding then he can use old wallets for scamming purpose also as he add bot for automatic transactions..By the way these all are just speculation and the buyer can tells the real reason of buying wallets.

Exactly my thoughts here I think some of the old wallet buyers might have some ulterior motive behind the buying move probably another method of scam has been devised using old wallet, in tweeter several messages was sent to me that I had won huge amount of Ethereum, however to claim my coins I should send some gas transaction fee with Ethereum, I imagine a sender of the ETH couldn't pay for the transactions fee thus there tendency of scamming, I think another method of scamming with old wallet is being conceived of course with time I believe we shall see the true picture of what those old wallet buyers use or meant for either positive or negative.

rodskee

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Quote from: batang_bitcoin on November 20, 2023, 07:32:10 AM

Quote from: rodskee on November 20, 2023, 06:04:14 AM

Quote from: batang_bitcoin on November 20, 2023, 05:16:50 AM

Yes, majority of them are collecting those old addresses and will try to sweep if there are remaining balances from tokens that they can dump on exchanges and also the potential airdrops that old addresses are eligible. It doesn't make sense right when they want to do it but they might find some jackpot tokens or airdrops that haven't been swept by the owner. But regarding this matter, instead of selling those old addresses, just keep it and never let someone know your private keys even they're buying it and most of them are already old and useless.

Ohh , so that is the same reason why there are other member tries to buy Old Ethereum Addresses I
thought this is about a requirements or something from airdrops but is this I think what related post and that extracting the
remaining balance specially now that we are near closing to halving that many can tell there are possible pumping from old
projects and a chance to make money from those addresses.

Anything that we can think of like those that have been mentioned are possible. And another possibility is if they're going to use it for some transactions that are going to be involved with illegal transactions. Although the chance is low but what if that's what they want to do and if you're able to mention that address to some platforms like on an internet forum then the authorities will have leads and it's going to be you that have mentioned it elsewhere. Anyway, that's little chance and still, we go back to what we've said about sweeping balances of tokens, coins and airdrops.

Well whatever their plan and intention is still its quite unusual because they can easily create
their own wallet why look for old one that already exist and have been used from other transactions?anyway I am
not interested in selling one of mine even If i have not using them for long now because I want to preserve their
sentimental value that once I have hunt bounty also Grin

God bless u

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Quote from: JeffBrad12 on November 20, 2023, 06:25:02 PM

might obviously be for airdrop purpose, any normal human wouldn't buy an address where private key already exposed, maybe they are interested in the history of transactions from that wallet and probably have found some airdrop that have such eligiblity therefore they are seeking such address.
because after all, even if you do sell your address, you will still see the private key, therefore its security risk for holding any asset, but if its for airdrop claiming they'd just claim and then dump the address immediately.

There is also another possibility that wallet buyer want to qualify for some new big project private sell..Their eligibility criteria including the wallet which has six months or older transaction..If empty wallet buyer know coding then he can use old wallets for scamming purpose also as he add bot for automatic transactions..By the way these all are just speculation and the buyer can tells the real reason of buying wallets.

Mame89

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Quote from: JeffBrad12 on November 20, 2023, 06:25:02 PM

robably they've already considered security but they are so eager to get eligible which might have something to do with address history transactions and just don't care thinking they'd could move the money in the first seconds that most likely be the scenario in my honest opinion.

Of course the main reason for buying an old eth address is to consider all the risks involved, and they have also considered that after they join the airdrop after the airdrop distribution they quickly move it.

But to be honest, even though there is a potential airdrop, the condition is that you have to have an old eth address to be able to pass the main conditions. I don't dare and don't want to force myself to buy it because the risk is very big and usually if you force yourself too much you end up with fraud, not the slightest benefit. Moments like this have launched their fraudulent activities.

libert19

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Quote from: electronicash on November 20, 2023, 10:25:11 PM

Quote from: Wexnident on November 20, 2023, 06:14:13 AM

I'd forego the benefit of the doubt, it's most likely going to be used for a scam. They're most likely going to use past transactions as a method to showcase how "trustworthy" they are or something along those lines. There might be some non-damaging ones like the others have said with airdrops and whatnot, but eh, I'd much rather err than give someone access to capabilities to scam others. Seeing as there's a lot of people who has recently seen stuff like this, there might just be an event/airdrop that's going to happen somewhere with a new unknown project though.

i also have this feeling. i tried showing what my old wallet is worth, it got no use for me. he only offered $100 but was hesitant to do it because this is gotta be too good to be true. the wallet is empty and only few transactions i did there on some dex that is already dead.

May be there could be airdrops that you are eligible of but are unaware. Try putting your address on earnifi [1] and earndrop [2] and see if you are eligible for anything.

If you don't see anything, then I'd be puzzled myself as well.

[1] https://earni.fi/

[2] https://earndrop.io

electronicash

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Quote from: Wexnident on November 20, 2023, 06:14:13 AM

I'd forego the benefit of the doubt, it's most likely going to be used for a scam. They're most likely going to use past transactions as a method to showcase how "trustworthy" they are or something along those lines. There might be some non-damaging ones like the others have said with airdrops and whatnot, but eh, I'd much rather err than give someone access to capabilities to scam others. Seeing as there's a lot of people who has recently seen stuff like this, there might just be an event/airdrop that's going to happen somewhere with a new unknown project though.

i also have this feeling. i tried showing what my old wallet is worth, it got no use for me. he only offered $100 but was hesitant to do it because this is gotta be too good to be true. the wallet is empty and only few transactions i did there on some dex that is already dead.

if he is going to use it for scamming, it will surely be linked to me. but at the same time, i'm also curious if he can claim an airdrop, in that case, i would like to know which airdrop. must be more than $100.

Samlucky O

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Quote from: Bitcoin_Arena on July 12, 2022, 06:26:18 PM

I am a little puzzled by this. Maybe someone has an idea.

A user was seeking to buy old Ethereum addresses that have had more than +1000 transactions.
He was even willing to pay upfront before receiving the private keys, so long as the other trading partner is trustworthy.

Why would someone go to such length?
Is there value in our old addresses that we don't know about? Lol.

I never knew about this before. I was probably thinking that it for loan just like the way bank will ask for statement of account for six months or 1year to check the eligibility or frequent transaction made on a particular account if they want to offer or profuse loan to a customer. But seeing people's comment I see that it's the porpose of airdrops. I never knew airdrop could require etherium address with frequent transaction. Although o haven't participated in any though.

JeffBrad12

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might obviously be for airdrop purpose, any normal human wouldn't buy an address where private key already exposed, maybe they are interested in the history of transactions from that wallet and probably have found some airdrop that have such eligiblity therefore they are seeking such address.
because after all, even if you do sell your address, you will still see the private key, therefore its security risk for holding any asset, but if its for airdrop claiming they'd just claim and then dump the address immediately.

Quote from: tvplus006 on November 20, 2023, 03:00:23 PM

Quote from: God bless u on November 20, 2023, 09:46:48 AM

...I think empty wallet buyer are collecting old wallets with the thinking that any wallet might gives him big profit in the future.

Obviously, these buyers are newbies who have already heard about retro airdrops, but are not yet familiar with security. And accordingly, they do not understand that the former owner can withdraw the contents of the wallet at any time using a private key.

probably they've already considered security but they are so eager to get eligible which might have something to do with address history transactions and just don't care thinking they'd could move the money in the first seconds that most likely be the scenario in my honest opinion.

DaNNy001

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Quote from: tvplus006 on November 20, 2023, 03:00:23 PM

Quote from: God bless u on November 20, 2023, 09:46:48 AM

...I think empty wallet buyer are collecting old wallets with the thinking that any wallet might gives him big profit in the future.

Obviously, these buyers are newbies who have already heard about retro airdrops, but are not yet familiar with security. And accordingly, they do not understand that the former owner can withdraw the contents of the wallet at any time using a private key.

That's true as the former owner can easily access the wallet due to the possession of the private key and only a newbie that is center and ignorant of the basic knowledge of crypto knowledge would fail to understand this. The worst part about this is that a private key to a wallet isn't like your normal social media account security or even bank app security where one can easily change the password or even the reset password if forgotten or lost.

tvplus006

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Quote from: God bless u on November 20, 2023, 09:46:48 AM

...I think empty wallet buyer are collecting old wallets with the thinking that any wallet might gives him big profit in the future.

Obviously, these buyers are newbies who have already heard about retro airdrops, but are not yet familiar with security. And accordingly, they do not understand that the former owner can withdraw the contents of the wallet at any time using a private key.

batang_bitcoin

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Quote from: wajik-tempe on November 20, 2023, 08:51:58 AM

Quote from: batang_bitcoin on November 20, 2023, 05:16:50 AM

Yes, majority of them are collecting those old addresses and will try to sweep if there are remaining balances from tokens that they can dump on exchanges and also the potential airdrops that old addresses are eligible. It doesn't make sense right when they want to do it but they might find some jackpot tokens or airdrops that haven't been swept by the owner. But regarding this matter, instead of selling those old addresses, just keep it and never let someone know your private keys even they're buying it and most of them are already old and useless.

Collectors are looking for outdated Ethereum addresses like lost jewels. The attraction is in the possibility of unclaimed tokens and airdrops remaining in such wallets. While it may be illogical to part with such addresses, protecting your private keys is critical. It's a digital-age version of "one person's trash is another's treasure," with the value being forgotten or neglected goods. So, rather than selling the old addresses, perhaps keeping them will prove more beneficial in the long term. After all, in the ever-changing crypto world, you never know when an old address can bring unexpected profits.

And that's why I highly suggest to just keep those old wallets whether they've got with funds or airdrops awaited to be claimed. The thing here is you are keeping the wallet of your own and you're keeping your private key. It's true that it is a critical thing and don't regret when you see someone trying to buy all of those old addresses and you think that penny is worth while.
Just be contented with it and you do find the airdrops that you might find because you'll have no idea where those airdrops are gonna be worth it or not.

Lamkuthang

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Quote from: Bitcoin_Arena on July 12, 2022, 06:26:18 PM

I am a little puzzled by this. Maybe someone has an idea.

A user was seeking to buy old Ethereum addresses that have had more than +1000 transactions.
He was even willing to pay upfront before receiving the private keys, so long as the other trading partner is trustworthy.

Why would someone go to such length?
Is there value in our old addresses that we don't know about? Lol.

Will a new NFT be born whose concept requires users to use an old and empty ethereum address Grin

but for me this just feels like ordering a unique and rare cell phone number where the orderer provides a special category, if any and according to the specifications, he will buy it at a reasonable price.

Btw, Nice joke with a riddle for you. but interesting, I like it.

Mpamaegbu

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Quote from: Wexnident on November 20, 2023, 06:14:13 AM

I'd forego the benefit of the doubt, it's most likely going to be used for a scam. They're most likely going to use past transactions as a method to showcase how "trustworthy" they are or something along those lines.

This is the most tenable reason for me on that. No one buys an old or abandoned stuff if they don't believe they would hit a goldmine in it. We know people buy old social media accounts and use them to promote new projects to make them look old in the business and end up deceiving unsuspecting public. How those buying old ETH addresses will actualize such a nefarious scheme that expectedly will dovetail into a scam is what I would love to find out.

God bless u

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Quote from: tvplus006 on November 20, 2023, 09:33:51 AM

Quote from: Bitcoin_Arena on July 12, 2022, 06:26:18 PM

...Is there value in our old addresses that we don't know about? Lol.

Such addresses are valuable for those who are engaged in retroairdrops. And it is the number of transactions in the Ethereum network, as well as the date of the first interaction in this network, that acts as a criterion that easily identifies sibiles from real participants.

Yes I am also thinking the same.m because there is no other profits for empty wallet. New and old address without fund are same and the only difference is old wallets are some times eligible for big projects airdrops. TIA project launched few week ago and airdropped tokens to old Ethereum user who did old transaction. I think empty wallet buyer are collecting old wallets with the thinking that any wallet might gives him big profit in the future.

tvplus006

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Quote from: Bitcoin_Arena on July 12, 2022, 06:26:18 PM

...Is there value in our old addresses that we don't know about? Lol.

Such addresses are valuable for those who are engaged in retroairdrops. And it is the number of transactions in the Ethereum network, as well as the date of the first interaction in this network, that acts as a criterion that easily identifies sibiles from real participants.

wajik-tempe

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Quote from: batang_bitcoin on November 20, 2023, 05:16:50 AM

Quote from: electronicash on November 19, 2023, 10:57:22 PM

i wanted to create a thread of the same topic and since i searched and saw this thread, i guess it wouldn't be so bad to just update this and ask something else.

recently there have been threads buying old eth wallets too.
if this is all about airdrop which the project only send to old eth wallets, how do we know which project is this?
maybe we will not missed this airdrop this time. anyone knew something?

Yes, majority of them are collecting those old addresses and will try to sweep if there are remaining balances from tokens that they can dump on exchanges and also the potential airdrops that old addresses are eligible. It doesn't make sense right when they want to do it but they might find some jackpot tokens or airdrops that haven't been swept by the owner. But regarding this matter, instead of selling those old addresses, just keep it and never let someone know your private keys even they're buying it and most of them are already old and useless.

Collectors are looking for outdated Ethereum addresses like lost jewels. The attraction is in the possibility of unclaimed tokens and airdrops remaining in such wallets. While it may be illogical to part with such addresses, protecting your private keys is critical. It's a digital-age version of "one person's trash is another's treasure," with the value being forgotten or neglected goods. So, rather than selling the old addresses, perhaps keeping them will prove more beneficial in the long term. After all, in the ever-changing crypto world, you never know when an old address can bring unexpected profits.

Topic: Why would someone want to buy an old empty ethereum address? (Read 443 times)