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Author Topic: If someone mistakenly sent you 1 ETH, what would you do?  (Read 1035 times)
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August 15, 2020, 06:39:23 AM
 #21

If it's just a transaction to address, the sender would never know who the receiver are or how to contact them and the receiver also would not know that the transaction has been a mistake. They'll not know me and I'll not know them. The finders are keepers.
But if they really have made a trade with me in past or is know from somewhere specially this forum and got my attention from a post or direct contact, I'd return it to the sender if 1ETH is really important to him/her/it.



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August 15, 2020, 07:01:45 AM
 #22

Id say thanks to what force in the universe gave that to my wallet really. I dont want to get into sorts of trouble, because what if its just another form of scam that finds root in your honesty. Ill just leave the coin be in my wallet thank you.




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August 15, 2020, 07:10:50 AM
 #23

Ethereum is becoming extremely popular nowadays with the rise of "De-Fi" apps and stablecoins. Most people are just into it in order to make a lot of money in the shortest time possible. Since they're newcomers into crypto, they can easily make mistakes when sending coins from one address to another. Now, imagine if you check your wallet and it has 1 ETH sent to you by a mysterious address. At current rates, that would be an average of $400 (USD) in your pocket.

What will you do if someone accidentally or mistakenly sent you 1 ETH? Will you donate it to a charity? Will you send it back to its original owner? If it were me, I'd return it back to its original owner as long as he/she is able to provide a signed message with the address' private key proving the coin's ownership. But since crypto is widely unregulated, anyone can do as they please.

Thoughts? Huh



Well I will send it back to the address cos I don't believe in progressing without working for it, OK in respect for the person providing with you with his private key so as to return the Eth, personally I don't think its a wise decision as giving you the private key means giving you entirely everything he has in his wallet

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August 15, 2020, 07:13:55 AM
 #24

Ethereum is becoming extremely popular nowadays with the rise of "De-Fi" apps and stablecoins. Most people are just into it in order to make a lot of money in the shortest time possible. Since they're newcomers into crypto, they can easily make mistakes when sending coins from one address to another. Now, imagine if you check your wallet and it has 1 ETH sent to you by a mysterious address. At current rates, that would be an average of $400 (USD) in your pocket.

What will you do if someone accidentally or mistakenly sent you 1 ETH? Will you donate it to a charity? Will you send it back to its original owner? If it were me, I'd return it back to its original owner as long as he/she is able to provide a signed message with the address' private key proving the coin's ownership. But since crypto is widely unregulated, anyone can do as they please.

Thoughts? Huh

If someone sends me ETH mistakenly and contacts me with the proof that he is the owner of the address then I will probably just return the ETH in question. After that, it would be his/her decision if they wanna pay me a finder fee or not.






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August 15, 2020, 07:17:04 AM
 #25

Is this even possible, I don't think there will every be an avenue for such mistakes but in anyway that I received such, the best thing I wil do is send it back, why keep something that doesn't belong to me. But like I said earlier, am not such if such mistake can ever happen

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August 15, 2020, 07:25:06 AM
 #26

Thats not mine so I will send it back to the owner.

However if he has many eth coins to his wallet I might change my mind and keep it.

I will just think that its a blessing.

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August 15, 2020, 07:32:14 AM
 #27

Ethereum is becoming extremely popular nowadays with the rise of "De-Fi" apps and stablecoins. Most people are just into it in order to make a lot of money in the shortest time possible. Since they're newcomers into crypto, they can easily make mistakes when sending coins from one address to another. Now, imagine if you check your wallet and it has 1 ETH sent to you by a mysterious address. At current rates, that would be an average of $400 (USD) in your pocket.

What will you do if someone accidentally or mistakenly sent you 1 ETH? Will you donate it to a charity? Will you send it back to its original owner? If it were me, I'd return it back to its original owner as long as he/she is able to provide a signed message with the address' private key proving the coin's ownership. But since crypto is widely unregulated, anyone can do as they please.

Thoughts? Huh
I don't think this is possible as I've never made such mistake before, it's always a proper routine to check address very well before sending out your coins, I don't know how one can be this careless but if that happens if have to send it back since it's never mine and I never worked for it
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August 15, 2020, 07:49:44 AM
 #28

Quote
If someone mistakenly sent you 1 ETH, what would you do?

With current gas fees ? What can one do, but to keep it in the wallet ? Specially if that 1 ETH comes from a DeFi smart contract, where additional fees can run up to $100

Quote
While the average Ethereum transaction fee is more than the daily income in many countries, the additional smart contract executions needed to engage with
DeFi protocols has seen users report fees of up to $100.

Link : https://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growth

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August 15, 2020, 08:26:47 AM
 #29

If it's just a transaction to address, the sender would never know who the receiver are or how to contact them and the receiver also would not know that the transaction has been a mistake. They'll not know me and I'll not know them. The finders are keepers.

But what if the sender is a criminal trying to send ETH to random wallets to create confusion for his trackers? You'll most likely be questioned because of this from the authority and if you happen to spend it and got tracked, you'll probably be in trouble. Well unless you really hid your wallet and your identity from the authority, it's finders keepers.

So yeah, for me I'll most likely hold unto it until I found enough reason to give it back or keep it to myself (since the wallet I'm using right now has undergone KYC or something similar to that which unless if the sender sent it to my secret wallet).
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August 15, 2020, 10:13:21 AM
 #30

It will depend to the situation but in my case, I rather hold it and let it sit in that wallet as in the first place it is not my mistake why it reach to my wallet. Though it will be good if we are
going to send it back to the sender address.

Well everyone has their own opinion and decision to make. 1 ETH is not that big amount, what I want to say is I want to make it as their worst experience so they will not create the same mistake again.
Because who knows if you will return the money, they will not learn from their mistakes and they can repeat it using a big amount.
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August 15, 2020, 10:30:44 AM
 #31

I personally doubt if there are still people who return high value ETH when they get it for free, maybe only a human with a noble heart can do it. This world is full of dude greed.
Some comments say they will but I doubt it. Anything that comes free wil be taken already. To be honest Im not so sure if I will get it as my own or return it. No ned for details on how to return it, cause you can just simply send it back to the wallet it came from.

Im guessing that out of 10 maybe 1 or 2 will have noble heart to return it. For this mistake this is a big sin to send on a different wallet like come one, copy paste is not hard and why would you messed up. I know newbies are understandable but this is way to easy task. To make error here means that someone is not careful enough.

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August 15, 2020, 10:36:22 AM
 #32

I personally doubt if there are still people who return high value ETH when they get it for free, maybe only a human with a noble heart can do it. This world is full of dude greed.
Some comments say they will but I doubt it. Anything that comes free wil be taken already. To be honest Im not so sure if I will get it as my own or return it. No ned for details on how to return it, cause you can just simply send it back to the wallet it came from.

Im guessing that out of 10 maybe 1 or 2 will have noble heart to return it. For this mistake this is a big sin to send on a different wallet like come one, copy paste is not hard and why would you messed up. I know newbies are understandable but this is way to easy task. To make error here means that someone is not careful enough.

I will return it if the owner tries to reach me out. Because who knows for what reason would that 1 ETH came into your wallet? I participate in giveaways and whenever I get one, I'd assume that is my prize. I will also check where the transaction came from and analyse the remaining balance. If the owner looks rich I would not return it, honestly.  Roll Eyes We have been warned that transactions are IRREVERSIBLE.
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August 15, 2020, 10:40:47 AM
 #33

...If it were me, I'd return it back to its original owner as long as he/she is able to provide a signed message with the address' private key proving the coin's ownership.


Wait, how would you even track the sender down? It's not like the sender can contact you when he doesn't know who you are. Personally i would consider it as a free airdrop That i've got from some free lottery i have most likely participated in the past. Unless the owner somehow could track me down and asked it back i would keep it.

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August 15, 2020, 10:44:11 AM
 #34

I've never heard or seen someone who received crytocurrency by mistake. Most times we copy and paste wallet address and the possibility of errors is slim.
If I eventually receive ethereum I didn't expect, I'll hold it for a while and go through my social media handles to see if I was lucky or won from the games played previously without a record. If I'm convinced that I wasn't paid, then I'll make attempt to refund back to the sender.
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August 15, 2020, 10:50:58 AM
 #35

I will return it if he asks for his money back, of course if something goes wrong like that usually comes from a beginner, so I will understand the mistake he made, I will return it to his wallet address

It's the right thing to do, but if you are in this situation for sure you will think twice or find other reasons why you receive this amount.
with how valuable ETH now, it's nature to us thinking that it's a blessing, not sure if everyone will agree but this huge amount of assets
being delivered to your wallet. Not sure if you will not think about taking  it.

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lizarder
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August 15, 2020, 11:02:50 AM
 #36

if this stranger sends at the address displayed on my bitcointalk profile, of course I will return his eth, because it is certain that the owner can track all social media accounts there if he tracks my address on search engine, but if the stranger not looking for me and not asking for his eth back, maybe some will I donate to charity program on bitcointalk and some I will use.

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key4co.in
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August 15, 2020, 11:21:58 AM
 #37

Honestly if someone mistakenly send me ETH, I will contact some people i think might be from them, without mentioning the amount and requesting for etherscan url as proof. If no one owns up, I'll definitely keep the ETH. Most people will count it as luck 🤞, to be candid.
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August 15, 2020, 11:25:18 AM
 #38

I will probably wait within 1 day 24 hours, whether anyone feels lost or not by including proof of his wallet address. just match the return address to our wallet, if correct then return it. but if not and within 1 day 24 hours no one will contact, I will definitely sell.
someone703
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August 15, 2020, 11:59:21 AM
 #39

Never have this situation, if someone mistakenly sent you ETH you can send them back if you want. Or you can take it too because it's a gift, you don't have to worry about it

erikoy
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August 15, 2020, 12:00:34 PM
 #40

If ever that there is someone mistakenly sent 1 ETH to me, I would gladly hold it and wait for the right time to have another bull run and then I would sell it  in a higher price so it would more profitable and I will always look to that person as a blessing in disguise to me.
It will be consider as stealing not returning it? I know thay money is one of the reason we need now to survive. Not because of its physical appearance but also to what could it do or buy. If it happens that someone mistakenly sent you an eth worth some dollars the best thing to do is sent it back to the original owner to which public address is visible on blockchain. Who knows that the money you sent back will be used for medical expenses especially now that we are in pandemic and we could deny the fact that most of us need money for emergency purposes or whatsoever for survival.
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