Why would someone want to buy an old empty ethereum address? - page 3.

goaldigger

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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.

I didn’t know airdrop requires huge number of transactions now with regards to the address that they are going to provide, this is quiet suspicious honestly since we don’t really know the exact reason of those buyer. With regards to the safety of the seller, maybe if the wallet used in fraud and the seller exposed his real identity before using that address, most probably he will be the one to suffer the consequences if the authority finds him. The seller can still have that key and monitor the wallet, so its not safe as well for the buyer which makes no sense on buying a wallet.

MAAManda

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The answer is very clear, they want to buy it to qualify for an airdrop program, do you remember Uniswap Airdrop? Or recently happened like Optimism (OP) airdrop event. The more transactions you have made, the less likely you are to never make a transaction on the platform that is a requirement for the airdrop event.

FYI, usually they are not only looking for Ethereum addresses with lots of transactions, but they are also usually looking for old Github and Twitter accounts. My advice, if you have something they want to look for, it's better you don't sell it because we don't know what future events will be, who knows you will get a lot of money from there later, LOL.

vv181

legendary

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

Airdrops, like @GreatArkansas said, could be a reason but I dont see the ROI happening from those airdropped coins vs the amount spent to buy that address. The above scamming methods seems a better investment, logically. After all, which airdrop made its receivers a millionaire? None.

Some people do buy things like an old address that contains transactions, a GitHub account, and an aged active Twitter account to qualify for an airdrop. I never tried it out since I don't see any of it is worth it(the airdropped amount is just so minuscule), even though I do have those mentioned things.

But I think it's only a matter of information, if some people have valuable airdrop information that few people know it, they surely will buy any requirement for the airdrop, even if they only profit a small margin or just simply bet the token/coin will profitable.

TheUltraElite

legendary

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So anyway, I applied as a merit source :)

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?

This used to be the case with most of the accounts being sold in this forum, I am trying to project a similarity.

Airdrops, like @GreatArkansas said, could be a reason but I dont see the ROI happening from those airdropped coins vs the amount spent to buy that address. The above scamming methods seems a better investment, logically. After all, which airdrop made its receivers a millionaire? None.

Quote from: posi on July 12, 2022, 10:16:21 PM

Cryptocurrency industry is magical, there are ways we can make money that other people can't think of.

If what I suspect is true, then it is a scam not magic. I would suggest the OP to not deal in such things unless they are sure of the buyer's motives.

posi

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This is related to the airdrops, and I have also seen some people buying old ethereum wallet in bulk with more transactions than they had in the past.
Although I am not exactly sure what the airdrop is, I do know that they still buy a lot of it. Of course, the price is very cheap because it is an empty and almost unused item.
Cryptocurrency industry is magical, there are ways we can make money that other people can't think of.

GreatArkansas

legendary

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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.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

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.

Topic: Why would someone want to buy an old empty ethereum address? - page 3. (Read 408 times)