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Bitcoin => Bitcoin Discussion => Topic started by: Vertex_ICO on August 13, 2019, 07:31:21 AM



Title: What are Virgin Bitcoins
Post by: Vertex_ICO on August 13, 2019, 07:31:21 AM
What are Virgin Bitcoins and Where Can I Buy Them?

You might be hearing this for the first time and may never have imagined that there is anything called a “Virgin Bitcoin”. Yes, you heard right.
First of all, one of the characteristics of Bitcoin is that it is a transparent network, and every transaction on the network can be traced. On top of that, the history of transactions can never be deleted. Another point to note is that every particular Bitcoin is unique, including the ones that are yet to be mined.
Based on the information above, you will understand that it is possible to find out how any particular Bitcoin has changed hands right from when it came into existence. For the want of an appropriate term, I would refer to older Bitcoins as “regular Bitcoins” in this post.

Back to the Subject Matter. So, What is a Virgin Bitcoin?

In simple terms, Virgin Bitcoin is a term used to refer to any freshly mined Bitcoin that has not been used for any transaction at all.
This should be a normal development, at least based on the fact that every Bitcoin today was once a Virgin Bitcoin.

So why do we have to specially talk about a freshly mined Bitcoin? Of what importance is it in the industry today?
The idea of Virgin Bitcoins has generated a lot of interest, based on the premium status that is being associated with it, especially in the cryptocurrency marketplace. This class of Bitcoins are currently being traded at higher costs, with mark ups of between 10% and 30% across different platforms. The reason for this is not far-fetched, as a matter of fact, it is because of their status of “no history”, so they can be assumed as the safest kind of Bitcoins to hold.

How Safe Are My Bitcoins?

As already explained above, the history of every Bitcoin in existence today can be traced back to the point of mining. All wallets where they have been can be identified and singled out. It is true that Bitcoins are termed to be ideal for anonymous transactions. This anonymity is only to the limit of not knowing the particular identity of a wallet holder. Apart from this, we cannot categorically assume Bitcoin transactions to be anonymous. Rather, it can represent the most open way of making transactions.

Having this in mind, and putting into consideration the vices in the crypto industry, it means that some Bitcoins can actually be risky to hold as investment. The implication of this is that it is possible to buy Bitcoins from the open market that have been used for illicit transactions, or some other criminal transactions.

Imagine being caught in the crossfire of a criminal investigation that you know nothing about, and have your Bitcoins blacklisted because it was used by someone you know nothing about to commit an offense. This is exactly why people are becoming more careful around the “regular Bitcoins”, and are ready to pay even more for Virgin Bitcoins.

The identification of Bitcoins is not yet so popular in the industry, however, there are signs that for purposes of regulation and security, we may soon be seeing increased activity in this area. This is the same sentiment held by Flex Yang, CEO of Babel Finance who spoke after the recent G-20 summit. He explained what could happen as soon as the already agreed adoption of the standards of the Financial Action Task Force (FATF) kicks in.

Yang Said;
“When these standards go into effect, interexchange transactions will require transparency regarding senders and receivers of cryptocurrency. This opens doors to a wide berth of scrutiny as regulators probe different ledgers to determine what wallets participated in illicit crypto exchanges, hacks, etc. Bitcoin remains of interest to institutional investors, but their threshold for risk is much lower. With uncertainty as to how the crypto world will conform to the FATF standards, many traditional investors feel it best to air on the side of caution.”

Therefore, it is in line with airing on the side of caution that most people who can afford it are going for Virgin Bitcoins. After all, you wouldn’t want to lose your investment over something that you know nothing about. But then, it is one thing to want to buy Virgin Bitcoins, and another thing altogether to know how and where to purchase them.

Where Can I Buy Virgin Bitcoins?

Thanks to platforms like Vertex.Market, buying Bitcoin or any other cryptocurrencies has become very simplified and flexible. The platform provides all the liquidity you may need to trade effectively in the highly dynamic marketplace. Apart from that, if you want to differentiate and classify between Bitcoins or any other cryptocurrency, Vertex affords you that opportunity.

It is a peer-to-peer platform that allows customers to make purchases using bank transfer. Even tokens that are yet to be listed can be purchased on Vertex, and the coins sent directly to the users wallet.

On Vertex, everyone is treated specially and every transaction need that you may have is adequately addressed, even if it has to do with Virgin Bitcoins.

https://medium.com/@official_83664/what-are-virgin-bitcoins-and-where-can-i-buy-them-d6eab0f669e0


Title: Re: What are Virgin Bitcoins
Post by: Jet Cash on August 13, 2019, 07:51:37 AM
Well as all bitcoins ever to be issued were created when the genesis block was laid, and Bitcoins from this pool are allocated as block creation rewards, surely a "virgin Bitcojn" would be one in the original pool that has yet to be allocated.


Title: Re: What are Virgin Bitcoins
Post by: Royse777 on August 13, 2019, 09:20:09 AM
In simple terms, Virgin Bitcoin is a term used to refer to any freshly mined Bitcoin that has not been used for any transaction at all.
Does anyone have a tx of a Virgin Bitcoin? I would love to see it :-D


Title: Re: What are Virgin Bitcoins
Post by: asayoyaasa on August 13, 2019, 10:42:17 AM
What the point of having this "virgin bitcoin"? Beside its never traded before? Its useless in my opinion cause in the end you gonna spend it anyway.
Let's say that I have 1 bitcoin in my wallet right now, this bitcoin already moved so many times, but this 1 bitcoin is from stollen wallet and I never know it cause I get it from an exchange. do "cyber police" will come to me and confiscated my bitcoin? No right? they don't even know what address belongs to whom, let along to seize it.


Title: Re: What are Virgin Bitcoins
Post by: kingcolex on August 13, 2019, 11:26:31 AM
In simple terms, Virgin Bitcoin is a term used to refer to any freshly mined Bitcoin that has not been used for any transaction at all.
Does anyone have a tx of a Virgin Bitcoin? I would love to see it :-D
Go to any basic block explorer and check for freshly mined blocks and you should be able to see some before they are sent off, especially if it is a big miner that is solo mining.


Title: Re: What are Virgin Bitcoins
Post by: hatshepsut93 on August 13, 2019, 12:41:19 PM
What the point of having this "virgin bitcoin"? Beside its never traded before? Its useless in my opinion cause in the end you gonna spend it anyway.


The point of virgin coins is to ensure that they have no dirty past and thus reduce the risks of having to deal with investigators.

Let's say that I have 1 bitcoin in my wallet right now, this bitcoin already moved so many times, but this 1 bitcoin is from stollen wallet and I never know it cause I get it from an exchange. do "cyber police" will come to me and confiscated my bitcoin? No right? they don't even know what address belongs to whom, let along to seize it.

Why you are so sure that no one can link your coins to your identity? If you have an exchange account, you probably did KYC, and even if you didn't, it's still inked to your bank card which has your name on it. And then there are things like linking your public profiles, Bitcoin addresses and real world identity together - this can easily happen, it's the same as doxxing, which happens all the time.


Title: Re: What are Virgin Bitcoins
Post by: asayoyaasa on August 13, 2019, 12:56:23 PM
The point of virgin coins is to ensure that they have no dirty past and thus reduce the risks of having to deal with investigators.
Why you are so sure that no one can link your coins to your identity? If you have an exchange account, you probably did KYC, and even if you didn't, it's still inked to your bank card which has your name on it. And then there are things like linking your public profiles, Bitcoin addresses and real world identity together - this can easily happen, it's the same as doxxing, which happens all the time.
If I really care about my privacy and the history of the coin I purchase I'll just buy some privacy cryptocurrency and not buy bitcoin that the price 10- 30% higher than the price on the market.

And again, if I buy 1 bitcoin legally from an exchange, but without my or that exchange knowledge turn out that bitcoin has been stolen, do I really have to give that bitcoin back to the owner? In my opinion of course not. But hey, I'm no legal expert so know nothing about the law

And I have another question, I have 1 wallet With 100 bitcoin in it, and receive another 100 of "stollen" bitcoin on that same wallet, and spread that 200 bitcoin to 100 different address, how can you tell which one is stolen bitcoin and witch on not. I just curious, cause it has been placed to the same wallet. how can we know the difference between those coins.


Title: Re: What are Virgin Bitcoins
Post by: timerland on August 13, 2019, 01:01:40 PM
What the point of having this "virgin bitcoin"? Beside its never traded before? Its useless in my opinion cause in the end you gonna spend it anyway.
Let's say that I have 1 bitcoin in my wallet right now, this bitcoin already moved so many times, but this 1 bitcoin is from stollen wallet and I never know it cause I get it from an exchange. do "cyber police" will come to me and confiscated my bitcoin? No right? they don't even know what address belongs to whom, let along to seize it.
It's not really that being the issue. Virgin bitcoins are much better and wanted then regular bitcoins due to it's anonymity.

For virgin bitcoins, you wouldn't be able to see a TX history and it's basically the crypto equivalent of untraceable cash, and they often go for higher prices then what they are worth (sort of like the 500 EURO bill), and a lot of them are used for criminal activities.

this topic seems interesting I myself have never heard what virgin bitcoin is, and whether it has been traded.?
It's often sold on the dark web for 10-20 percent of it's actual value, and it's quite useful for criminals.

The point of virgin coins is to ensure that they have no dirty past and thus reduce the risks of having to deal with investigators.
Why you are so sure that no one can link your coins to your identity? If you have an exchange account, you probably did KYC, and even if you didn't, it's still inked to your bank card which has your name on it. And then there are things like linking your public profiles, Bitcoin addresses and real world identity together - this can easily happen, it's the same as doxxing, which happens all the time.
If I really care about my privacy and the history of the coin I purchase I'll just buy some privacy cryptocurrency and not buy bitcoin that the price 10- 30% higher than the price on the market.

And again, if I buy 1 bitcoin legally from an exchange, but without my or that exchange knowledge turn out that bitcoin has been stolen, do I really have to give that bitcoin back to the owner? In my opinion of course not. But hey, I'm no legal expert so know nothing about the law

And I have another question, I have 1 wallet With 100 bitcoin in it, and receive another 100 of "stollen" bitcoin on that same wallet, and spread that 200 bitcoin to 100 different address, how can you tell which one is stolen bitcoin and witch on not. I just curious, cause it has been placed to the same wallet. how can we know the difference between those coins.
Privacy coins are also not as popular and mainstream as Bitcoin. Blockchain detectives will eventually be able to figure out the origin of your coins, unless a mixer is used - but then again, the larger the amount is, the harder it is to hide your funds (even via mixers).


Title: Re: What are Virgin Bitcoins
Post by: WhyFhy on August 13, 2019, 01:06:59 PM
You could simply consider freshly mined btc "Virgin Bitcoin"
When it swaps hands , It's lost its virginity.


Title: Re: What are Virgin Bitcoins
Post by: wattcrypto on August 13, 2019, 08:57:05 PM
This is a great follow-up article on the topic I recently picked up on Cointelegraph https://cointelegraph.com/news/virgin-bitcoin-most-in-demand-crypto-that-is-regulated-differently

Ciphertrace has picked up on some interesting Bitcoin data regarding these highly sought after virgin btc


Title: Re: What are Virgin Bitcoins
Post by: Lanatsa on August 13, 2019, 09:12:06 PM
You could simply consider freshly mined btc "Virgin Bitcoin"
When it swaps hands , It's lost its virginity.

Anything fresh Is considered virgin so definitely new mined bitcoin is a virgin one. There were lots of buyer who do tend to accumulate these clean coins to avoid
regulatory issues,so I'm not surprised why these coins are much important for those people who do seek of.


Title: Re: What are Virgin Bitcoins
Post by: Artemis3 on August 13, 2019, 09:59:56 PM
You could simply consider freshly mined btc "Virgin Bitcoin"
When it swaps hands , It's lost its virginity.


Which is rather funny given most pools do not give the coins directly to miners, but instead store/send them to a (online) wallet of theirs and when the miner reclaims it another transaction is made. Perhaps this concept would need some amends...


Title: Re: What are Virgin Bitcoins
Post by: WhyFhy on August 14, 2019, 02:16:27 PM
You could simply consider freshly mined btc "Virgin Bitcoin"
When it swaps hands , It's lost its virginity.


Which is rather funny given most pools do not give the coins directly to miners, but instead store/send them to a (online) wallet of theirs and when the miner reclaims it another transaction is made. Perhaps this concept would need some amends...
Its to allocate redundancy.


Title: Re: What are Virgin Bitcoins
Post by: Leonardo7 on August 14, 2019, 03:10:45 PM
This is the biggest joke I have read in days. Your article is very lengthy but I strongly disagree with you. Newly minted $500 is no more valuable than 2017 $500, both commands the same value. 


Title: Re: What are Virgin Bitcoins
Post by: kryptqnick on August 14, 2019, 03:24:38 PM
I've heard about virgin bitcoins and knew the definition before reading this thread, but the topic is indeed interesting. From what I read before, though, freshly mined coins cost more than others and they are of great interest to people doing illegal activities... I've never seen a clean BTC and cannot imagine why I would ever need it rather than a regular Bitcoin, but it would I deed be interesting to see them.


Title: Re: What are Virgin Bitcoins
Post by: WhyFhy on August 14, 2019, 03:37:35 PM
I've heard about virgin bitcoins and knew the definition before reading this thread, but the topic is indeed interesting. From what I read before, though, freshly mined coins cost more than others and they are of great interest to people doing illegal activities... I've never seen a clean BTC and cannot imagine why I would ever need it rather than a regular Bitcoin, but it would I deed be interesting to see them.

Is a newly minted $20 bill worth $21 ? no
Is a $20 bill that was used for cocaine worth $19 ? no
Is a genesis block BTC worth more then a non genesis block BTC ?  Does'nt matter as genesis blocks funds cant be moved.

Quote
The first 50 BTC block reward went to address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa,[1] though this reward can't be spent due to a quirk in the way that the genesis block is expressed in the code. It is not known if this was done intentionally or accidentally.[4][5][6] It is believed that other outputs sent to this address are spendable, but it is unknown if Satoshi Nakamoto has the private key for this particular address, if one existed at all.
https://en.bitcoin.it/wiki/Genesis_block.


In theory, if satoshi found the key the only additional value added to the coins would be that they where his coins.


Title: Re: What are Virgin Bitcoins
Post by: adaseb on August 14, 2019, 03:59:19 PM
Virgin bitcoins are basically coins which are straightly mined and come from the Coinbase transaction. They basically have no outputs because they were freshly minted.

In my opinion you can't really safely buy any Virgin bitcoins, reason why is because the original miner would need to send you the private key and there is no guarantee that in the near future that seller won't just move the coins right after sale.

These days as soon as a block is found the miner reward is sent directly to a pool and its spread across thousands of addresses so these days its rare to mint a true virgin bitcoin like the people did back in 2009-2011.


Title: Re: What are Virgin Bitcoins
Post by: hatshepsut93 on August 14, 2019, 04:52:24 PM

Is a newly minted $20 bill worth $21 ? no
Is a $20 bill that was used for cocaine worth $19 ? no
Is a genesis block BTC worth more then a non genesis block BTC ?  Does'nt matter as genesis blocks funds cant be moved.


Things are only worth as much as other people are willing to pay for them. You might not see any reasons to pay a premium for freshly mined coins, but there are people out there who do, and it seems like there's enough of them to create a steady demand for these virgin bitcoins. Prices are always subjective, some people wouldn't buy any bitcoins even if they were worth a few dollars, while others are buying them right now and think it's a good deal.


Title: Re: What are Virgin Bitcoins
Post by: Egorrichminer on August 20, 2019, 09:01:46 PM
Hi, do you have any information on where I can sale my virgin bitcoins? Any true forum, portal?


Title: Re: What are Virgin Bitcoins
Post by: suzanne5223 on August 20, 2019, 10:28:35 PM
Hi, do you have any information on where I can sale my virgin bitcoins? Any true forum, portal?
You can do that on the service section (https://bitcointalk.org/index.php?board=52.0) of this forum by also adding your terms of payment but it will be better if you use an escrow, that's if you don't want to an exchange site. But out of curiosity, do you know what virgin bitcoin is? Because your question is related to someone who's yet to understand basic part of cryptocurrency.


Title: Re: What are Virgin Bitcoins
Post by: rmilly on August 20, 2019, 11:11:16 PM
Can BTC be wiped and reconsidered virgin say by companies like Ciphertrace or the government if seized?


Title: Re: What are Virgin Bitcoins
Post by: Febo on September 15, 2019, 01:48:52 AM
Can BTC be wiped and reconsidered virgin say by companies like Ciphertrace or the government if seized?


It will always have history. No matter who held it in past you will always be able to trace any satoshi to coinbase.


Title: Re: What are Virgin Bitcoins
Post by: Kakmakr on September 15, 2019, 09:02:22 AM
I have a virgin repair kit.  ;D  The reason why people might pay a premium for "clean" coins, would be that they do not want the "unknown" transaction history of coins to involve them in some of the "dirty" things that some of these coins might have been involved with.

So, my virgin repair kit involves Coin mixers, because with these mixers you simply erase all the "bad" transactions that might have been done with the coins that you received. You push it through the Mixer and people cannot trace the origin of those coins, so you cannot be implicated with anything, because nobody can track the transaction history of those coins.  8)


Title: Re: What are Virgin Bitcoins
Post by: fiulpro on September 15, 2019, 09:26:55 AM
This actually makes no sense to be honest , actually we should understand that no matter if the coin is new of if the coin is old the price is gonna be the same ..it's not like paper money that it would go old ..and get torn out , it is a digital world and it would only remain new even 1000 years from now .. therefore I think the idea have no real basis .


Title: Re: What are Virgin Bitcoins
Post by: imstillthebest on September 15, 2019, 09:34:34 AM
This actually makes no sense to be honest , actually we should understand that no matter if the coin is new of if the coin is old the price is gonna be the same ..it's not like paper money that it would go old ..and get torn out , it is a digital world and it would only remain new even 1000 years from now .. therefore I think the idea have no real basis .
no its not about the price that matter the most but its on how we value that thing  . freshly mined bitcoin are  like a  new paper money or a penny that just got printed or created straight from the banks  . i do also value newer money as well as newer release money because i think that they are special and somehow rare to find  . but calling the new bitcoin a virgin bitcoin sounds so funny to me


Title: Re: What are Virgin Bitcoins
Post by: darkangel11 on September 15, 2019, 10:35:11 AM
I have a virgin repair kit.  ;D  The reason why people might pay a premium for "clean" coins, would be that they do not want the "unknown" transaction history of coins to involve them in some of the "dirty" things that some of these coins might have been involved with.

So, my virgin repair kit involves Coin mixers, because with these mixers you simply erase all the "bad" transactions that might have been done with the coins that you received. You push it through the Mixer and people cannot trace the origin of those coins, so you cannot be implicated with anything, because nobody can track the transaction history of those coins.  8)

They can't trace it for now, but that doesn't mean they won't be able to in future. Mixers don't erase history they only make it harder to discover.
I don't care what history my coins have. There's no taint in bitcoin and coins are not being rejected by exchanges yet. I will worry when that happens.


Title: Re: What are Virgin Bitcoins
Post by: jake zyrus on September 15, 2019, 01:26:03 PM
Virgin Bitcoin is a term used to refer to any freshly mined Bitcoin that has not been used for any transaction at all.
The question, where can I buy virgin bitcoin is kinda off? If you bought virgin bitcoin, then it'll be transacted... Then it's not virgin anymore.

Though it's kinda interesting, but it's still bitcoin. Still has value so I don't really mind having a 'virgin bitcoin' or not. But it would be fun to have one.


Title: Re: What are Virgin Bitcoins
Post by: pixie85 on September 15, 2019, 07:38:59 PM
Virgin Bitcoin is a term used to refer to any freshly mined Bitcoin that has not been used for any transaction at all.
The question, where can I buy virgin bitcoin is kinda off? If you bought virgin bitcoin, then it'll be transacted... Then it's not virgin anymore.

Though it's kinda interesting, but it's still bitcoin. Still has value so I don't really mind having a 'virgin bitcoin' or not. But it would be fun to have one.

It would still be virgin in a way because there would only be one address in its history before yours and that address would belong to the miner or the pool. The coins would still be clean because there would be no way it could come from a theft or a hack or that at any point it was used to hire a hitman or something similar.

These people are afraid of taint and rejection of coins by exchanges. It's stupid but if they are willing to pay extra it's their choice.


Title: Re: What are Virgin Bitcoins
Post by: Kakmakr on September 16, 2019, 06:23:17 AM
I have a virgin repair kit.  ;D  The reason why people might pay a premium for "clean" coins, would be that they do not want the "unknown" transaction history of coins to involve them in some of the "dirty" things that some of these coins might have been involved with.

So, my virgin repair kit involves Coin mixers, because with these mixers you simply erase all the "bad" transactions that might have been done with the coins that you received. You push it through the Mixer and people cannot trace the origin of those coins, so you cannot be implicated with anything, because nobody can track the transaction history of those coins.  8)

They can't trace it for now, but that doesn't mean they won't be able to in future. Mixers don't erase history they only make it harder to discover.
I don't care what history my coins have. There's no taint in bitcoin and coins are not being rejected by exchanges yet. I will worry when that happens.

How are they going to trace it in the future? The Mixer sites do not keep logs of the mixing of the coins, so even if they identify the owners of the sites and they raid the site, they will not find any logs of any coins that were mixed by this service.  :P

Yes, there are some exceptions and some of these sites might even be law enforcement honey traps, but the one I am using for years now, looks to be relatively safe.  ;D  <See my signature for more details>


Title: Re: What are Virgin Bitcoins
Post by: Febo on September 16, 2019, 05:24:23 PM
I have a virgin repair kit.  ;D  The reason why people might pay a premium for "clean" coins, would be that they do not want the "unknown" transaction history of coins to involve them in some of the "dirty" things that some of these coins might have been involved with.

So, my virgin repair kit involves Coin mixers, because with these mixers you simply erase all the "bad" transactions that might have been done with the coins that you received. You push it through the Mixer and people cannot trace the origin of those coins, so you cannot be implicated with anything, because nobody can track the transaction history of those coins.  8)

They can't trace it for now, but that doesn't mean they won't be able to in future. Mixers don't erase history they only make it harder to discover.
I don't care what history my coins have. There's no taint in bitcoin and coins are not being rejected by exchanges yet. I will worry when that happens.

How are they going to trace it in the future? The Mixer sites do not keep logs of the mixing of the coins, so even if they identify the owners of the sites and they raid the site, they will not find any logs of any coins that were mixed by this service.  :P

Yes, there are some exceptions and some of these sites might even be law enforcement honey traps, but the one I am using for years now, looks to be relatively safe.  ;D  <See my signature for more details>

A lot of researches and development is put into blockchain analysis. A lot of startups is founded.

Mixing your coins with coins that come from serious crime is super dangerous and I would never risk that. You might want to hide you been buying weed but end up being accused of a murder. 


Title: Re: What are Virgin Bitcoins
Post by: teddyelwyn on September 17, 2019, 06:25:14 PM
I found this article particularly interesting David Jevans CEO of ciphertrace interview regarding virgin bitcoins. Apparently they were able to showcase that some coins that were being sold as 'virgin bitcoin' were actually just cleansed via exchange hopping. Freshly mined coins thus still hold the highest regard and highest value


https://cointelegraph.com/news/virgin-bitcoin-most-in-demand-crypto-that-is-regulated-differently


Title: Re: What are Virgin Bitcoins
Post by: BitMaximum on September 27, 2019, 06:33:13 AM
I found this article particularly interesting David Jevans CEO of ciphertrace interview regarding virgin bitcoins. Apparently they were able to showcase that some coins that were being sold as 'virgin bitcoin' were actually just cleansed via exchange hopping. Freshly mined coins thus still hold the highest regard and highest value


https://cointelegraph.com/news/virgin-bitcoin-most-in-demand-crypto-that-is-regulated-differently

In June, the Financial Action Task Force against money laundering decided to tighten regulation of the cryptocurrency industry, obliging crypto exchanges to comply with AML and CFT (countering the financing of terrorism) procedures the same way such as traditional financial institutions. Many cryptocurrency exchanges started to check the origin of cryptocurrency transactions and block the accounts with bad history. That is why Virgin Bitcoins that have zero history of transactions are so popular. More strong would be regulators control more demand in Virgin Bitcoins.


Title: Re: What are Virgin Bitcoins
Post by: BitMaximum on September 27, 2019, 06:42:29 AM
Hi, do you have any information on where I can sale my virgin bitcoins? Any true forum, portal?

There are services that sells Virgine Bitcoins directly from miners. You can check our signature and asks us a questions. If you need Virgin Bitcoin we can help you.


Title: Re: What are Virgin Bitcoins
Post by: NavI_027 on September 27, 2019, 07:04:33 AM
[snip]
It's not really that being the issue. Virgin bitcoins are much better and wanted then regular bitcoins due to it's anonymity.

For virgin bitcoins, you wouldn't be able to see a TX history and it's basically the crypto equivalent of untraceable cash, and they often go for higher prices then what they are worth (sort of like the 500 EURO bill), and a lot of them are used for criminal activities.
I knew it! Thanks mate, you made me realized that I got the right idea for this one :D. because I thought at first that so called "virgin btc" and the usual btc got no significant differenceto each other. Anyway, I'm just wondering if it's not very hard now to track bitcoin transactions? Because like what you've said, criminals tend to buy more of this than the other.

Is anonymity of crypto can be now exposed more easily?


Title: Re: What are Virgin Bitcoins
Post by: dentolas on September 28, 2019, 07:28:22 AM
Look, I understand that there are people wanting to go undetected, and in those cases, using the so called virgin BTC,  might ease your mind...but:

- if people want to really go covert, there are several privacy coins available... BTC lacks a LOT on this area
- BTC is used for some time, so it is natural that the existing coins where already used in several places/actions... this means nothing for the holder... or do you guys worry about the serial number on your dollar bills? and where those bills have been before?
- When there is no more BTC to mint, where will this "virgin" marketing go?

come on guys... selling BTC at a premium because it is "Virgin"?
 


Title: Re: What are Virgin Bitcoins
Post by: Lalafell on September 30, 2019, 07:27:48 AM
What are Virgin Bitcoins and Where Can I Buy Them?

You might be hearing this for the first time and may never have imagined that there is anything called a “Virgin Bitcoin”. Yes, you heard right.
First of all, one of the characteristics of Bitcoin is that it is a transparent network, and every transaction on the network can be traced. On top of that, the history of transactions can never be deleted. Another point to note is that every particular Bitcoin is unique, including the ones that are yet to be mined.
Based on the information above, you will understand that it is possible to find out how any particular Bitcoin has changed hands right from when it came into existence. For the want of an appropriate term, I would refer to older Bitcoins as “regular Bitcoins” in this post.

Back to the Subject Matter. So, What is a Virgin Bitcoin?

In simple terms, Virgin Bitcoin is a term used to refer to any freshly mined Bitcoin that has not been used for any transaction at all.
This should be a normal development, at least based on the fact that every Bitcoin today was once a Virgin Bitcoin.

So why do we have to specially talk about a freshly mined Bitcoin? Of what importance is it in the industry today?
The idea of Virgin Bitcoins has generated a lot of interest, based on the premium status that is being associated with it, especially in the cryptocurrency marketplace. This class of Bitcoins are currently being traded at higher costs, with mark ups of between 10% and 30% across different platforms. The reason for this is not far-fetched, as a matter of fact, it is because of their status of “no history”, so they can be assumed as the safest kind of Bitcoins to hold.

How Safe Are My Bitcoins?

As already explained above, the history of every Bitcoin in existence today can be traced back to the point of mining. All wallets where they have been can be identified and singled out. It is true that Bitcoins are termed to be ideal for anonymous transactions. This anonymity is only to the limit of not knowing the particular identity of a wallet holder. Apart from this, we cannot categorically assume Bitcoin transactions to be anonymous. Rather, it can represent the most open way of making transactions.

Having this in mind, and putting into consideration the vices in the crypto industry, it means that some Bitcoins can actually be risky to hold as investment. The implication of this is that it is possible to buy Bitcoins from the open market that have been used for illicit transactions, or some other criminal transactions.

Imagine being caught in the crossfire of a criminal investigation that you know nothing about, and have your Bitcoins blacklisted because it was used by someone you know nothing about to commit an offense. This is exactly why people are becoming more careful around the “regular Bitcoins”, and are ready to pay even more for Virgin Bitcoins.

The identification of Bitcoins is not yet so popular in the industry, however, there are signs that for purposes of regulation and security, we may soon be seeing increased activity in this area. This is the same sentiment held by Flex Yang, CEO of Babel Finance who spoke after the recent G-20 summit. He explained what could happen as soon as the already agreed adoption of the standards of the Financial Action Task Force (FATF) kicks in.

Yang Said;
“When these standards go into effect, interexchange transactions will require transparency regarding senders and receivers of cryptocurrency. This opens doors to a wide berth of scrutiny as regulators probe different ledgers to determine what wallets participated in illicit crypto exchanges, hacks, etc. Bitcoin remains of interest to institutional investors, but their threshold for risk is much lower. With uncertainty as to how the crypto world will conform to the FATF standards, many traditional investors feel it best to air on the side of caution.”

Therefore, it is in line with airing on the side of caution that most people who can afford it are going for Virgin Bitcoins. After all, you wouldn’t want to lose your investment over something that you know nothing about. But then, it is one thing to want to buy Virgin Bitcoins, and another thing altogether to know how and where to purchase them.

Where Can I Buy Virgin Bitcoins?

Thanks to platforms like Vertex.Market, buying Bitcoin or any other cryptocurrencies has become very simplified and flexible. The platform provides all the liquidity you may need to trade effectively in the highly dynamic marketplace. Apart from that, if you want to differentiate and classify between Bitcoins or any other cryptocurrency, Vertex affords you that opportunity.

It is a peer-to-peer platform that allows customers to make purchases using bank transfer. Even tokens that are yet to be listed can be purchased on Vertex, and the coins sent directly to the users wallet.

On Vertex, everyone is treated specially and every transaction need that you may have is adequately addressed, even if it has to do with Virgin Bitcoins.

https://medium.com/@official_83664/what-are-virgin-bitcoins-and-where-can-i-buy-them-d6eab0f669e0
In a world where the crypto industry is getting immobilized by rules and regulations every day, “Virgin Bitcoin” is getting underway to become more and more popular among digital currency enthusiasts. Virgin bitcoins are Bitcoin that has been received by a miner as a block reward, and thus has never been “spent” before. It is an amount of brand new bitcoin created by a computer that was mined. Hence, there is no benefit to a Bitcoin being a virgin Bitcoin.


Title: Re: What are Virgin Bitcoins
Post by: jarhed on October 20, 2019, 07:47:26 AM
“Virgin Bitcoin” is complete nonsense and this is my opinion! I will never pay more for Virgin Bitcoin. I don’t even want to find out what the origin of my Bitcoins is. I think that this is just a waste of time.


Title: Re: What are Virgin Bitcoins
Post by: blckhawk on October 20, 2019, 08:49:18 AM
So if you are a solo miner, not part of a mining pool, and makes freshly mined virgin bitcoins, then you'll become a target of interrogation once illegal activities had been taken down and the bitcoins used came from your address. However, this isn't that great of a concern since your address is probably not identified to your identity. Bitcoin is used in illegal activities and virgin bitcoins could have values more than its really worth.

Other altcoins are not viable most likely because bitcoin is the one most dominant in the market.