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Author Topic: Does old bitcoins worth any extra ?  (Read 1117 times)
Johny Depp (OP)
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June 27, 2015, 10:29:44 PM
 #1

I have some old bitcoins in one address. Those are from 2013. I would like to know, if they worth any extra ? Like I can have some alt coins for free or something else... any idea ?

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gentlemand
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June 27, 2015, 10:35:37 PM
 #2

I have heard that freshly mined coins attract some sort of premium but I don't really believe it. No particular reason why older ones would.

You are correct in thinking that you can get alts for free. Look up Clams. It's a proof of stake crypto that was distributed to all BTC, LTC and Doge addresses that had coins on them in 2014 sometime.

Feed in your private key to the address on Just Dice or a couple of other sites and you get your Clams. Sell them on Poloniex and it'll add up to a nice little boost, about 0.03 BTC. It's better to empty that address first though.
Johny Depp (OP)
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June 27, 2015, 10:58:22 PM
 #3

Thanks. I knew about CLAM. They give probably around 4.5 CLAM per old address. Is there any other use of this old address/coins ?

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June 27, 2015, 11:25:23 PM
 #4

No. At least not the ones from 2013, they are not old.

Maybe someone would pay some premium for the first blocks mined, but not from 2013 coins.

The best you can do is claim clams and maybe other altcoins, but not much more

Johny Depp (OP)
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June 27, 2015, 11:48:39 PM
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No. At least not the ones from 2013, they are not old.

Maybe someone would pay some premium for the first blocks mined, but not from 2013 coins.

The best you can do is claim clams and maybe other altcoins, but not much more

What are those other Alt coins that can be claimed ?

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BillyBobZorton
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June 27, 2015, 11:53:53 PM
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I hope not, it would kill fungibility.
One of the main reasons I think we never better privacy and a more obscure blockchain is, if you spot a coin that came from silk road or some dodgy place, you may not want to have it in your wallet.. this kills fungbility. Unfortunately I don't see a way to solve this as long as we have a public ledger.
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June 27, 2015, 11:56:19 PM
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Not that i'm aware of...I think all bitcoins should be created/treated equally but if someone is willing to pay you more for some old bitcoin then by all means...

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June 27, 2015, 11:58:08 PM
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I hope not, it would kill fungibility.
One of the main reasons I think we never better privacy and a more obscure blockchain is, if you spot a coin that came from silk road or some dodgy place, you may not want to have it in your wallet.. this kills fungbility. Unfortunately I don't see a way to solve this as long as we have a public ledger.

Brand new coins aside, surely there's SR tainted dust in almost every address if you look hard enough. It's too far gone for that to be an issue now. The US marshals themselves sold 'drug coins'.
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June 28, 2015, 12:01:06 AM
 #9

Hmmm not really sure why anyone would pay a premium for older coins. There's nothing special you can do with them that you can't do with younger coins. What about coins from one of Satoshi's known addresses? Maybe that could fetch a premium to a collector for novelty value.

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June 28, 2015, 12:27:08 AM
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Not unless they're physical coins made of brass or silver with the word "Casascius" or "Casacius" on one side...with an undisturbed hologram on the same side.

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June 28, 2015, 01:04:26 AM
 #11

Some folk will pay a slight premium for coins that have never been previously transacted.  But that doesn't depend at all on how long ago they were mined.

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June 28, 2015, 01:36:29 AM
 #12

i heard some people who want to remain annonymous like to get fresh mined coins unredeemed so they cannot be as easily traced in the blockchain,   i may have heard wrong,


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June 28, 2015, 02:42:05 AM
Last edit: June 28, 2015, 04:20:13 AM by Lorenzo
 #13

No. At least not the ones from 2013, they are not old.

Maybe someone would pay some premium for the first blocks mined, but not from 2013 coins.

The best you can do is claim clams and maybe other altcoins, but not much more

What are those other Alt coins that can be claimed ?

The only other altcoin that I know of which uses a similar distribution method to that of CLAMs is Qeditas (link) which is still under development and has not been launched yet. The main difference between their distributions is that in the case of Qeditas, users' balances will be proportional to the amounts that they had in the Bitcoin blockchain rather than the fixed 4.6 CLAMs per address:

The current plan is to take a snapshot of the Bitcoin block chain up to (not iincluding) the block at height 350,000. At this point 2/3 of the Bitcoin distribution will be complete. This block should be published on (approximately) March 31, 2015. If you have bitcoins under your (sole) control, then you will have a corresponding initial distribution in Qeditas. Your part of the initial distribution will be easiest to claim if it is in an ordinary pay-to-public-key-hash (p2pkh) address. I will include pay-to-script-hash (p2sh) addresses as well, but the claim process will be more involved and in a small number of cases p2sh claims may fail if they make use of uncommon parts of the script language.

The primary reason for this pre-announcement is to give everyone a chance to ensure their bitcoins are under their control (not on exchanges) and (preferably) in a p2pkh address. If your bitcoins are not under your control as of block 350,000, then the corresponding Qeditas units will also not be under your control.

My understanding is that the CLAM project gave a fixed amount of clams (about 4) to each address with a "non-dust" amount of bitcoins, litecoins or dogecoins on a certain date in 2014. Those with many bitcoins in few addresses got few clams. Those with few millibits in many addresses got many clams. This means there was a significant redistribution of wealth. Qeditas will use a snapshot intended to preserve the wealth distribution in the Bitcoin block chain. That's the main difference between the approach of CLAM vs. a spin-off in the sense of Peter R. (Additionally, the snapshot will be only of Bitcoin, not Litecoin or Dogecoin.)
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June 28, 2015, 02:52:36 AM
 #14

Value is in the eye of the beholder.

Gold doesn't have any value. You can't eat it.

Gold artwork has value according to how many people think that it is beautiful. The value is in the combination of gold and artwork. It is similar for industrial gold. The value is in the gold and its usefulness in industry.

If somebody thinks that a bitcoin mined to an address back in 2013 that hasn't been exchanged has value, and if he thinks that it could retain its value by being moved to his address, he might be right. If he isn't right in general, it still might be valuable to him.

Somebody should take the blockchain and make a piece of color 3D artwork out of its bitcoin structure, and then find pieces of the artwork that are particularly attractive, and sell the artwork.

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June 28, 2015, 03:46:16 AM
 #15

Lol... this is funny. Why should the old coins be valued more than the new coins? It is like saying that a €500 bill or a $100 bill printed in 2005 is more valuable than those which were printed in 2015. Or it is like saying that a 1 Oz American Gold Eagle Bullion coin of 1985 vintage is more valuable, when compared to one which was minted in 2015.
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June 28, 2015, 04:10:11 AM
 #16

the only benefit of an old bitcoin that i can think of is the number of confirmation it has so at the time of spending it, the transaction is going to be considered "High Priority" you might even be able to send a legit free transaction (0 fee).
you can also get clams, but don't forget to empty the address before giving it for clams.

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June 28, 2015, 05:02:01 AM
 #17

I have some old bitcoins in one address. Those are from 2013. I would like to know, if they worth any extra ? Like I can have some alt coins for free or something else... any idea ?

The age doesn't adds anything to it's value, the only value I can think of it is you may be able to send them without adding any fee because of it's age.

And as far as getting altcoins for free, CLAM is the only altcoin I know that was distributed through, Bicoin, Litecoin, Dogecoin Blockchain but they took a snapshot of the three Blockchains on May 12th, 2014 and distributed all Clams to all funded addresses on the Bitcoin, Litecoin and Dogecoin networks. Every address received the equal amount of 4.60545574 Clam, so you can check to see if you had any clams in that address.

Easiest way of doing that is on https://just-dice.com/ but make sure to move any funds from that address before you claim Clams and after you have, consider that address compromised because someone else might be able to access the funds on that address. So don't re-use that address and empty it beforehand.

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June 28, 2015, 05:06:22 AM
 #18

I have some old bitcoins in one address. Those are from 2013. I would like to know, if they worth any extra ? Like I can have some alt coins for free or something else... any idea ?

you can get free clam,,
read detail in here https://yacuna.com/blog/get-clam-coins-for-free/
and this ANN from clam
https://bitcointalk.org/index.php?topic=623147

fuck bit-x
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June 28, 2015, 07:45:33 AM
Last edit: June 28, 2015, 09:51:01 AM by Amph
 #19

i heard some people who want to remain annonymous like to get fresh mined coins unredeemed so they cannot be as easily traced in the blockchain,   i may have heard wrong,



and how do you get those? the only way will be via wallet sharing, but it could come with a nice virus, also you never know if the private key is safe(probably not), so in the end you need to move those in another address.

and this will kill the whole point, it is better to mine it for yourself
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June 28, 2015, 09:06:49 AM
 #20

i heard some people who want to remain annonymous like to get fresh mined coins unredeemed so they cannot be as easily traced in the blockchain,   i may have heard wrong,



and how do you get those? the only way will be via wallet sharing, but it could coem with a nice virus, also you never know if the private key is safe(probably not), so in the end you need to move those in another address.

and this will kill the whole point, it is better to mine it for yourself

Coins with only one transaction (from miner to you) should be almost as anonymous as a coin mines directly into you wallet or not?
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