Why would someone want to buy an old empty ethereum address? - page 2.

batang_bitcoin

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Quote from: rodskee on November 20, 2023, 07:04:14 AM

Quote from: batang_bitcoin on November 20, 2023, 06:16:50 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.

jrrsparkles

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Quote from: Wexnident on November 20, 2023, 07:14:13 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.

If it's not for scams then I would say just to hide their personal identity and just want to route the funds acquired from scam/hack via this address so it may create more confusion when someone tries to trace the transaction and even if they succeed they end up picking the wrong individuals. On the other hand why someone has to sell an address along with private keys, even if the buyer has no intention to use for bad the seller can just import the wallet at any time and get access to the funds.

btc78

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Quote from: Wexnident on November 20, 2023, 07:14:13 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.

That was my first thought too

if so, scammers are smart and are really putting not only effort but money as well it’s quite surprising how far these scammers can go just to gain profit from deceiving people

Quote from: AbuBhakar on November 20, 2023, 07:24:24 AM

Quote from: electronicash on November 19, 2023, 11:57:22 PM

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?

Along with this requirements, some airdrop requires an old address with past activities to avoid airdrop abuser that create multiple account to claim multiple airdrop. You can follow those startup project especially L1 and L2 project that is just doing test net. But airdrop nowadays is guaranteed and requires spending.

on the other hand, this also makes sense

both situations are very plausible however the 2nd situation might be used to justify real scammers

AbuBhakar

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Quote from: electronicash on November 19, 2023, 11:57:22 PM

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?

Airdrop nowadays is not the same before which you will just to send your address then you will receive free token. Most of the project is doing a retroactive airdrop which means you really don’t know when or if they will really do an airdrop. Most of the airdrop requires participation to the project development like using the DEX and running a node for a their test net.

Along with this requirements, some airdrop requires an old address with past activities to avoid airdrop abuser that create multiple account to claim multiple airdrop. You can follow those startup project especially L1 and L2 project that is just doing test net. But airdrop nowadays is guaranteed and requires spending.

Wexnident

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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.

rodskee

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Quote from: batang_bitcoin on November 20, 2023, 06:16:50 AM

Quote from: electronicash on November 19, 2023, 11:57:22 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.

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.

batang_bitcoin

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Quote from: electronicash on November 19, 2023, 11:57:22 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.

Dr.Osh

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I often see this in crypto groups on social media. the answer is that they are targeting the airdrop that can be obtained from the old wallet. However, until now I have not studied what kind of airdrop they want to claim. some airdrops I know of require some transactions on site, like on some DEXs, but sometimes they even want to buy the wallet even if they don't know what transactions were made. most likely the goal is an airdrop.

electronicash

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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?

Yaunfitda

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I remember back then when there was a user who is looking to buy old bitcoin addresses to claim CLAMS.

Anyhow, maybe the same here, could be airdrops as mentioned by others and to claim that, you need to have an old ETH address. So it's a win-win for those who are going to sell, those not used old addresses, and then the buyer will used it to claim airdrops but for sure he will be paying less money.

zasad@

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Quote from: Bitcoin_Arena on July 12, 2022, 07:26:18 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.

How much money do they give for such addresses?
I wouldn't be interested in selling my old wallet for a couple of hundred dollars.
It could be a scam or this wallet will be used in a scam and then you will have problems because you sent money from this wallet to centralized services with KYC.

tbct_mt2

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I saw that thread too.

I think that user has demand to do his business that need to prove that he or his team is not a newbie in cryptocurrency. Old wallet, with many past transactions. I don't feel good intention to buy and use these wallets.

Probably to scam or to join bounties? I don't know bounties have too strict criteria to join like this.

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Quote from: GreatArkansas on July 12, 2022, 09:55:29 PM

I am also thinking if it is still safe after the seller will give the private keys because for sure the seller can still access it if ever they decided not to forget it totally.

Yes its not safe. Of course whatever the seller said baout the copy, possibly that he still have some access to that wallet private key no matter what he denied it.

So buying it still not worth it cause you might be able to get future airdrops with that wallet but the previous owner could still open it and get that instead of you.

PrivacyG

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Quote from: TheUltraElite on July 13, 2022, 02:38:51 AM

Is there a chance that the person who is buying such an address is trying to fool some upcoming user into showing that they control a certain "old" address and hence attempt to gain the trust of the person in front?

It is what I suspect as well. If you gain access to addresses that were used before in a ton of transactions, I suspect the buyer could be a bad actor using the address to provide false proof of past ownership. Take my profile address for example. Maybe years from now I will have thousands of transactions on it. But if years from now I will not be using it anymore, someone could want to buy my private key to provide false proof that they are the 'old, real owner' of PrivacyG or PrivacyG themselves. There are a lot of things to lie about once you have ownership of the address.

-
Regards,
PrivacyG

passwordnow

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I also don't know why they're asking for it but this thread is helpful and made me understand that it's just for the airdrops. Maybe this could also belong to the Service Discussion (Altcoins) section since it's about a used and empty old Ethereum wallet.

Quote from: GreatArkansas on July 12, 2022, 09:55:29 PM

I am also thinking if it is still safe after the seller will give the private keys because for sure the seller can still access it if ever they decided not to forget it totally.

That's the risk if you're the buyer and not really worth it unless you do trust the seller.

romero121

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I don't think it is for the purpose of airdrops. This looks like a way to fool the users. I've got similar experience with one of the P2P cryptocurrency trading platform. I got a buying order, and he stated he isn't willing to buy and just to know some information he have started the trade. It isn't possible to have conversation without a trade. He requested is there anyone who have got an account that have made 1000+, 5000+, 10k+ trades. Based on this I can provide payment just for providing trustworthy feedbacks. I started to brief him, just do the trade with an user and he'll give you trustworthy feedback depending on the transaction made. He isn't ready to accept, but looking for a way to trap others with fake trustworthy feedbacks. Same is here planned with the increased number of transactions.

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Quote from: Saisher on July 13, 2022, 05:56:12 PM

Quote from: GreatArkansas on July 12, 2022, 09:55:29 PM

I think they are doing it for some airdrops?
There are some projects who have qualifications on some addresses to be able to get some airdrops.
I'm not sure if it is worth it to buy such old Ethereum wallets not unless it is cheap.
I am also thinking if it is still safe after the seller will give the private keys because for sure the seller can still access it if ever they decided not to forget it totally.

Yes I can confirm it they are doing this for airdrops I once stumble a project a few years where they only accept participants with numbers of transactions and number of years but some projects are also using wallets to scam people r hacking activities so the authorities will be diverted on who are the real owners of the wallet, so it's very risky to sell wallet it's like selling your identity too.

people will go to this extent for something they thought they can gain from it. these days, i don't think airdrops are worth spending your time, but yeah, people are willing to join for some dusts. but i don't think it is safe to sell your old eth wallet, you may have transactions and addresses that may be compromised. we don't know the motive of the people who are holding airdrops why they want old addresses. they may have reasons but better secure your old addresses by not selling one.

Saisher

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Quote from: GreatArkansas on July 12, 2022, 09:55:29 PM

I think they are doing it for some airdrops?
There are some projects who have qualifications on some addresses to be able to get some airdrops.
I'm not sure if it is worth it to buy such old Ethereum wallets not unless it is cheap.
I am also thinking if it is still safe after the seller will give the private keys because for sure the seller can still access it if ever they decided not to forget it totally.

Yes I can confirm it they are doing this for airdrops I once stumble a project a few years where they only accept participants with numbers of transactions and number of years but some projects are also using wallets to scam people r hacking activities so the authorities will be diverted on who are the real owners of the wallet, so it's very risky to sell wallet it's like selling your identity too.

Mahanton

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Quote from: GreatArkansas on July 12, 2022, 09:55:29 PM

I think they are doing it for some airdrops?
There are some projects who have qualifications on some addresses to be able to get some airdrops.
I'm not sure if it is worth it to buy such old Ethereum wallets not unless it is cheap.
I am also thinking if it is still safe after the seller will give the private keys because for sure the seller can still access it if ever they decided not to forget it totally.

For sure the seller would really be still peeking with those address that had been sold and trying out to see if there's some funds that been credited or transferred to it which means that he could still make money but of course its already stealing.I dont know on what consideration the buyer do able to tolerate such risk as long it do goes in into the criteria on having 1000+ transactions inside it.
Im bit aware of those wants of these addresses. @OP, do you have idea on how much for a single address cost? (I do have some of these addresses which had been long time not been used but does have
those no. transactions had been mentioned.) hehe.

My nearest presumption will really be speaking about airdrops just like on what been said above.There might be already some qualifications for that one? Possibly.

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Quote from: Bitcoin_Arena on July 12, 2022, 07:26:18 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.

Very highly likely to gain airdrops. There are some airdrops that are given to addresses that are old and was active during certain period of time. The buyer probably hopes that the seller hasn't redeems/claimed those rewards. If the value of the rewards is more than what he is paying for the address, he doesn't lose anything. Just some quick bucks for him. I don't see any other reason. I am sure he wouldn't use it to store his coins since the original owner will also have access to the wallet.

Topic: Why would someone want to buy an old empty ethereum address? - page 2. (Read 408 times)