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Author Topic: Buying old private keys  (Read 200 times)
CryppyJim (OP)
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March 21, 2018, 10:21:31 AM
Last edit: March 25, 2018, 09:09:49 PM by CryppyJim
 #1

I am buying old private keys for following currencies:
ETH, BTC, XMR

Requirements:
- Had a balance of atleast 5-30 BTC (or balance with similar value) about 1-4 years ago
- Inactive for atleast 6 months

Paying from $50.00 to $500.00 depending on how much it fits the requirements
warningsigns
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March 21, 2018, 12:08:52 PM
 #2

Interesting. For what purpose? I still have a blockchain wallet which I used back in 2013 and at that time it had a lot of coins (gone now of course). Panic-sold them all when the FBI seized Liberty Reserve and BTC prices started to tumble.

You can buy the key but I want to know first what you intend to do with that private key and why you want to pay a lot of money for it.

In the meantime, before I even sell it (if you seriously intend to buy it), I first need to think of reasons for wanting to buy one and for offering to pay so much money for it. It can't be to try to extract Bitcoin Cash from it. The wallet has been inactive for years (but I can still access it).

Anybody knows why someone might want to buy it?

cwil
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March 21, 2018, 12:42:54 PM
 #3

I can imagine someone who legitimately mined or otherwise obtained a large number of coins early on, but by the time taxes started to be a real issue, the coins had moved around a lot and original wallets/keys were lost. It would be understandable for a person to want possession of an older wallet as something to point to as the origin of one's currently owned coins.

That said, if this is for taxes, I'd recommend taking that money and speaking with a tax attorney instead.  He'll probably say that the situation can be explained sufficiently without the need to lie about owning these other wallets.
yogg
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March 21, 2018, 12:56:29 PM
 #4

I don't think it is for taxes.
If this was, the owner would be taxed on the profit he made. If he declares to have acquired the coins when the rates were low, he'll pay a % on the difference with today's rate.

Maybe OP is simply looking for wallets with clams attached to it ? Not everyone is aware of clams.

Anyway I am curious about what OP wants to do with these wallets too. Smiley
CryppyJim (OP)
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March 21, 2018, 01:28:55 PM
 #5

I have to pay taxes anyway, due to recent trading.

The main issue is that I moved all my coins to Trezor a while back and dumped all my old private keys. As I want to be safe I want to be able to show a proof that I hold the coins for quite a while to prevent any issues.
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March 23, 2018, 10:38:54 AM
 #6

I don't think it is for taxes.
If this was, the owner would be taxed on the profit he made. If he declares to have acquired the coins when the rates were low, he'll pay a % on the difference with today's rate.

Maybe OP is simply looking for wallets with clams attached to it ? Not everyone is aware of clams.

Anyway I am curious about what OP wants to do with these wallets too. Smiley

I think yes
For pay the tax about crypto currencies you dont need anything, you pay only if convert it in fiat value

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Leooo
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March 23, 2018, 01:40:42 PM
 #7

I am buying old private keys for following currencies:
ETH, BTC, XMR

Requirements:
- Had a balance of atleast 30 BTC (or balance with similar value) about 1-4 years ago
- Inactive for atleast 6 months

Paying from $50.00 to $500.00 depending on how much it fits the requirements


Check out the list of addresses I already pm'ed you Wink
Waiting for your reply.
amishmanish
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March 23, 2018, 04:38:05 PM
 #8

--snip--
Anybody knows why someone might want to buy it?


I read a post about why Proof of Stake can be dangerous. It involved someone buying old private keys for a 51% attack. Don't have the link to it right now but is there a miniuscle chance that this is a pre-emptive attack on a potential PoS BTC, ETH, XMR chain.

Although those private keys had to be from the near past for the attack vector explained in the post. Even if this is highly unlikely, I'd feel much better if most members actually asked for the purpose first, or the OP answered it themselves.
Leooo
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March 23, 2018, 09:57:07 PM
 #9

--snip--
Anybody knows why someone might want to buy it?


I read a post about why Proof of Stake can be dangerous. It involved someone buying old private keys for a 51% attack. Don't have the link to it right now but is there a miniuscle chance that this is a pre-emptive attack on a potential PoS BTC, ETH, XMR chain.

Although those private keys had to be from the near past for the attack vector explained in the post. Even if this is highly unlikely, I'd feel much better if most members actually asked for the purpose first, or the OP answered it themselves.

Thank you for enlightening us, maybe the OP should defend himself now.
CryppyJim (OP)
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March 24, 2018, 01:50:24 PM
 #10

--snip--
Anybody knows why someone might want to buy it?


I read a post about why Proof of Stake can be dangerous. It involved someone buying old private keys for a 51% attack. Don't have the link to it right now but is there a miniuscle chance that this is a pre-emptive attack on a potential PoS BTC, ETH, XMR chain.

Although those private keys had to be from the near past for the attack vector explained in the post. Even if this is highly unlikely, I'd feel much better if most members actually asked for the purpose first, or the OP answered it themselves.
First of all, an address or even multiple addresses containing an amount of 30 BTC would be the equivalent of using your CPU to mine Bitcoin in a PoS scenario. Also I am looking for addresses which are now empty and have been empty for a longer amount of time. An empty address in a PoS scenario would have as much "mining" power as a dead rat would have in a PoW scenario.

@Leooo: send you an answer

@Topic: still looking
Leooo
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March 24, 2018, 09:43:35 PM
 #11

--snip--
Anybody knows why someone might want to buy it?


I read a post about why Proof of Stake can be dangerous. It involved someone buying old private keys for a 51% attack. Don't have the link to it right now but is there a miniuscle chance that this is a pre-emptive attack on a potential PoS BTC, ETH, XMR chain.

Although those private keys had to be from the near past for the attack vector explained in the post. Even if this is highly unlikely, I'd feel much better if most members actually asked for the purpose first, or the OP answered it themselves.
First of all, an address or even multiple addresses containing an amount of 30 BTC would be the equivalent of using your CPU to mine Bitcoin in a PoS scenario. Also I am looking for addresses which are now empty and have been empty for a longer amount of time. An empty address in a PoS scenario would have as much "mining" power as a dead rat would have in a PoW scenario.

@Leooo: send you an answer

@Topic: still looking

Replied to you.
Thirdspace
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March 24, 2018, 10:03:04 PM
 #12

Interesting. For what purpose? I still have a blockchain wallet which I used back in 2013 and at that time it had a lot of coins (gone now of course). Panic-sold them all when the FBI seized Liberty Reserve and BTC prices started to tumble.
---snip---
Anybody knows why someone might want to buy it?
Maybe OP is simply looking for wallets with clams attached to it ? Not everyone is aware of clams.

That might be the reason, if it is not then I am buying them Grin for getting clams (or I will help you claim for % share)
@Leooo did you make a deal yet with the OP? hit me up with your list Wink please
@CryppyJim any chance you are going to tell us your intention with these addresses/keys?

CryppyJim (OP)
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March 25, 2018, 07:40:11 AM
 #13

I have to pay taxes anyway, due to recent trading.

The main issue is that I moved all my coins to Trezor a while back and dumped all my old private keys. As I want to be safe I want to be able to show a proof that I hold the coins for quite a while to prevent any issues.
@Thirdspace already did Smiley
CryppyJim (OP)
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March 25, 2018, 09:08:26 PM
 #14

Still searching
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