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Author Topic: Is there a market for used wallets?  (Read 1420 times)
TiagoTiago
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June 26, 2011, 12:43:48 AM
 #1

Assuming you can trust the seller to shred their copies after the transfer, would people be willing to pay to receive a wallet.dat that contains addresses that have both received and sent money in the past (for plausible deniability(sp?) or messing up statistical analysis or sumthing) ?

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bitlotto
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June 26, 2011, 12:56:47 AM
 #2

I think the only wallets that would be able to sell are ones of historical nature or famous people. They'd pretty have access to no coins but they'd be part of history.  Wink
Perhaps if someone had a wallet that contained private keys for some REALLY old coins it may sell to a collector?

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NothinG
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June 26, 2011, 12:57:37 AM
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Well say you had a trusted BTC Address on the wallet, that wouldn't be good if you sold it and somehow someone ruined the name.

TiagoTiago
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June 26, 2011, 01:04:07 AM
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Hm, someone could set a sweatshop buying and selling small value stuff to build up reputation on addresses and then sell wallets containing anonymous highly reputable addresses to people that don't wanna build a good reputation but wanna have one anyway; depending on the scale of the operation and how big the clientbase is (and the percentage of them that will live up to the bought reputations or burn it down), this could be quite damaging to the web-of-trust reputation system...

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

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anodyne
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June 26, 2011, 01:06:53 AM
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Would the shredding be a major issue? If you only use receiving addresses generated after the transfer the old owner will not have the keys for those, and therefore no access to any transactions sent to them. But you would still have the old addresses in the wallet if you for some reason want to use the age of the wallet as some sort of proof for something.

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nhodges
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June 26, 2011, 01:07:51 AM
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I could see certain parties interested in this sort of service, what you could do is talk to the guy who runs the BTC washing machine on TOR, a service like that would probably like some used wallets from new sources.

bitlotto
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June 26, 2011, 01:11:24 AM
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Hm, someone could set a sweatshop buying and selling small value stuff to build up reputation on addresses and then sell wallets containing anonymous highly reputable addresses to people that don't wanna build a good reputation but wanna have one anyway; depending on the scale of the operation and how big the clientbase is (and the percentage of them that will live up to the bought reputations or burn it down), this could be quite damaging to the web-of-trust reputation system...
I don't think anyone really bases reputation on bitcoin addresses. They usually tie it to an online identity. That way when you generate a new address or make a new wallet your reputation doesn't disappear!

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awwright
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June 26, 2011, 02:36:35 AM
 #8

The only thing you would be able to do is know the private key used to formerly redeem coin, and I can't think of any reason that would be useful. As other people now know the private key, it's useless for anything functional. So no, there isn't a market, there won't be... If anyone does, it's going to be a special arrangement for some bizarre reason.

This makes as much sense as a "market for trade secrets."
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June 26, 2011, 02:46:50 AM
 #9

I am willing to pay a small fee for wallet that has hundreds or thousands block generation addresses in it, possibly from a pool operator, it just looks cool.

Of course I'll pay a lot more if a wallet has this address in it: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa   Grin
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