Will BTC addresses have an extra value in the future?

caelangilbert

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Quote from: Sparrow96 on April 24, 2021, 04:12:41 AM

In 2017, I remember I saw an advertisement to sell Bitcoin Addresses. They were in search of old bitcoin addresses. Maybe before 2013. I don't remember where I saw it as I ignored it because I didn't have such an old wallet.

Selling a Bitcoin wallet as an NFT is a good idea. Maybe we will see a good hype in the near future.

it was because Clam coin airdrop they send to bitcoin address which created by 2013 and below unfortunately for me my first bitcoin address created in 2014

seoincorporation

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Quote from: hatshepsut93 on April 24, 2021, 04:30:30 AM

I can see a money launderer buying an old empty address or better old coins together with private key to claim that they have owned Bitcoin for a long time. Or some scammer buying an address from very early days to sign a message and pretend that they have been in this field for a decade.

This is a good point, if someone wants to prove he was an early user the best way to do it is by signing a message with an old address...

Just imagine how much Craig Wright would pay for a satoshi Nakamoto early address, with that he can prove he is satoshi, so, the value of that would be millions of dollars.

Leviathan.007

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Yes, if you kill the previous owner of the bitcoin (JK). Any address can be valuable because of first received bitcoins, total received and total send of the bitcoins. But as long as you can never change the private hey of the addresses, changing the ownership is totally worthless because the previous can use the address again or even sell it to someone else. However, having an address received the first bitcoins can be good for a collector.

hatshepsut93

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I can see a money launderer buying an old empty address or better old coins together with private key to claim that they have owned Bitcoin for a long time. Or some scammer buying an address from very early days to sign a message and pretend that they have been in this field for a decade.

Maybe some addresses have collectible value, like addresses that have received coins from prominent people, but the more you sell such address, the less valuable it becomes, because essentially the ownership becomes shared rather than transferred.

Sparrow96

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In 2017, I remember I saw an advertisement to sell Bitcoin Addresses. They were in search of old bitcoin addresses. Maybe before 2013. I don't remember where I saw it as I ignored it because I didn't have such an old wallet.

Selling a Bitcoin wallet as an NFT is a good idea. Maybe we will see a good hype in the near future.

btc-room101

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Quote from: Darker45 on April 23, 2021, 08:37:31 PM

You can never underestimate the eccentricities of rich people. That's something I learned over time reading about people buy weird, seemingly useless, even nonsensical, stuff of any kind.

If MetaKovan paid Beeple's NFT representing Everydays: the First 5000 Days for $69.3 million, there is no reason why other wealthy and bored personalities won't buy historical Bitcoin addresses with high premiums.

Hal Finney's address used with Satoshi for the first Bitcoin transaction ever might fetch tens of millions if auctioned. If not now, then in the future when Bitcoin becomes a widely adopted currency or asset or whatever. Laszlo Hanyecz's address which paid 10,000BTC for a couple of pizzas might also be an interesting piece of digital collectible.

But your not selling the address, they would have to be selling the private-key that generated that address, having that private-key is something, know about an address is worthless

vanity addresses would have no value, as could be generated by anyone

...

I seriously doubt the pizza delivery would have kept the private-key, but that would have value, but most of this stuff a the time would not have seen as valuable to store forever

Well Hal Finney is dead, and only he would have known that private-key and he would have had no reason to keep that key unless he had the foresight to put it into a diary, given they were all extreme paranoid at the time I doubt such records exit

Heck given BTC will be worthless in the future, any private-keys holding 1,000's of BTC's would have some nostalgia value to collectors

ranochigo

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Well, to each their own. I personally don't find that there is any point with purchasing the private key to any addresses. There is really nothing to boast about having access to an address that used to have loads of Bitcoins. Could be useful if you're pretending to be someone who was an early adopter of Bitcoin.

There were some people who bought addresses during the ClamCoin era if they were able to get the ClamCoins from them. Most "airdrops" or anything similar are probably mostly associated with scamcoins and aren't very useful.

bitmover

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Quote from: cabron on April 23, 2021, 08:34:32 PM

And are they really buying it?

The real risk is there because even if they buy it there is no assurance that the seller will also let go of its privatekeys. Even if you have a business and have the desire to own a fancy addy related to your business that is for sale, you shouldn't pay a single dime to its owner because you know you are in a serious plot. Never trust anyone.

There is no problem if someone else have the private keys
Those addresses are bought so that the buyer can sign messages with them, to prove that he is working with bitcoin a long time.

Addresses of that kind are not used to store funds.

Obito

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Quote from: Darker45 on April 23, 2021, 08:37:31 PM

You can never underestimate the eccentricities of rich people. That's something I learned over time reading about people buy weird, seemingly useless, even nonsensical, stuff of any kind.

If MetaKovan paid Beeple's NFT representing Everydays: the First 5000 Days for $69.3 million, there is no reason why other wealthy and bored personalities won't buy historical Bitcoin addresses with high premiums.

Hal Finney's address used with Satoshi for the first Bitcoin transaction ever might fetch tens of millions if auctioned. If not now, then in the future when Bitcoin becomes a widely adopted currency or asset or whatever. Laszlo Hanyecz's address which paid 10,000BTC for a couple of pizzas might also be an interesting piece of digital collectible.

That could be the case since a lot of rich people don't know where to spend their money (they could've spent it on charities and giving back to community or something like egotistic altruism). The problem with selling addresses is that, how do they plan to sell it and will they acquire the address as a whole or it will just be something like an NFT.

20kevin20

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Might have "extra value" for someone who wants to scam you out and purchase the private key of a highly reputable address. As soon as you have it, you could sign messages and mislead people into thinking you're someone else. But otherwise, I don't think addresses may earn some extra value. Perhaps some vanity ones, but that's either because they look cool or because some of them are very hard to find.

It would be quite stupid to sell addresses, honestly. I get the idea of paying someone to generate you a vanity addy since it requires some work, but otherwise why pay for something you can generate for free in a practically infinite amount..

Darker45

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You can never underestimate the eccentricities of rich people. That's something I learned over time reading about people buy weird, seemingly useless, even nonsensical, stuff of any kind.

If MetaKovan paid Beeple's NFT representing Everydays: the First 5000 Days for $69.3 million, there is no reason why other wealthy and bored personalities won't buy historical Bitcoin addresses with high premiums.

Hal Finney's address used with Satoshi for the first Bitcoin transaction ever might fetch tens of millions if auctioned. If not now, then in the future when Bitcoin becomes a widely adopted currency or asset or whatever. Laszlo Hanyecz's address which paid 10,000BTC for a couple of pizzas might also be an interesting piece of digital collectible.

cabron

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Quote from: bitmover on April 23, 2021, 07:20:14 PM

Quote from: seoincorporation on April 23, 2021, 07:02:25 PM

Have you ever ask yourself if the Bitcoin addys have an extra value in the future?

how much does an address worth? is the question, and there are factors to think about:

1.- Is the address a vanity address?
2.-How many bitcoins receive that address.
3.-Total spend.

Well, certain addresses are worth more than others.
For example, an address which were used by satoshi certainly is worth a lot of money.

Or some addresses from early miners... Some people certainly already pay a lot for those addresses, because they can be used to "prove" that someone received that bitcoin as an early miner.

This is already happening.

And are they really buying it?

The real risk is there because even if they buy it there is no assurance that the seller will also let go of its privatekeys. Even if you have a business and have the desire to own a fancy addy related to your business that is for sale, you shouldn't pay a single dime to its owner because you know you are in a serious plot. Never trust anyone.

bitmover

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Quote from: seoincorporation on April 23, 2021, 07:02:25 PM

Have you ever ask yourself if the Bitcoin addys have an extra value in the future?

how much does an address worth? is the question, and there are factors to think about:

1.- Is the address a vanity address?
2.-How many bitcoins receive that address.
3.-Total spend.

Well, certain addresses are worth more than others.
For example, an address which were used by satoshi certainly is worth a lot of money.

Or some addresses from early miners... Some people certainly already pay a lot for those addresses, because they can be used to "prove" that someone received that bitcoin as an early miner.

This is already happening.

Coin_trader

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Quote from: seoincorporation on April 23, 2021, 07:02:25 PM

Have you ever ask yourself if the Bitcoin addys have an extra value in the future?

how much does an address worth? is the question, and there are factors to think about:

1.- Is the address a vanity address?
2.-How many bitcoins receive that address.
3.-Total spend.

The real truth right now is the value of the bitcoin address is the amount of bitcoin it is holding, if the address was created with a vanity address or has a huge history that doesn't give any kind of value to the address, but maybe in the future, someone creates a token or a coin who let us exchange our private keys of the address for a certain amount of coins. The idea isn't that crazy, clamcoin already doit and lets the users exchange BTC, DOGE, and LTC private keys to get some coins.

Another way to give them a price is by an auction, for sure there are some people who will pay some money for an address like: https://www.blockchain.com/es/btc/address/1change6feSoBHr957Zh5qmBrebA8oea7 But there is a risk... you can't use that address or trust on the seller because now there are 2 users with the private key.

Maybe we could sell the Private Key as an NFT, who knows... If we try to give it the value we will find the way, in the future, these things will cost just like an old-school car does.

Transferring of owneship is the main issue why this kind of transaction is hard to give value. Giving the private key the new owner doesn't mean that he already own it exclusively since private key can't be change on a wallet address. Trust is to the old owner will be crucial since most of the people in cryptocurrency is anonymous.

seoincorporation

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Have you ever ask yourself if the Bitcoin addys have an extra value in the future?

how much does an address worth? is the question, and there are factors to think about:

1.- Is the address a vanity address?
2.-How many bitcoins receive that address.
3.-Total spend.

The real truth right now is the value of the bitcoin address is the amount of bitcoin it is holding, if the address was created with a vanity address or has a huge history that doesn't give any kind of value to the address, but maybe in the future, someone creates a token or a coin who let us exchange our private keys of the address for a certain amount of coins. The idea isn't that crazy, clamcoin already doit and lets the users exchange BTC, DOGE, and LTC private keys to get some coins.

Another way to give them a price is by an auction, for sure there are some people who will pay some money for an address like: https://www.blockchain.com/es/btc/address/1change6feSoBHr957Zh5qmBrebA8oea7 But there is a risk... you can't use that address or trust on the seller because now there are 2 users with the private key.

Maybe we could sell the Private Key as an NFT, who knows... If we try to give it the value we will find the way, in the future, these things will cost just like an old-school car does.

Topic: Will BTC addresses have an extra value in the future? (Read 159 times)