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Author Topic: Check if you have any rare satoshi  (Read 265 times)
bitmover (OP)
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November 28, 2023, 10:40:44 PM
 #21

Did not even know this was a thing.  Rare or not, Bitcoin must continue to be fungible however and we can not separate 'rare' from non rare Bitcoin.  Sadly for bitmover, fortunately for every body in the Bitcoin Network.


I don't think you get the point of this.

If you find you have some coins mined by satoshi, or from some 10000 pizza, that are worth 2 usd but someone is willing to pay 2000. Would that make you sad? Wouldn't you sell them for some fungible ideology?

Let people do whatever they want. Let them buy or collect whatever they like. Free market.. freedom

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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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November 28, 2023, 10:41:00 PM
 #22

Still very interesting though how they instantly knows that you have something rare in you.

math* (well kind of) and having a database of addresses that they already worked out paths to their current suggested address of current UTXOset owner

they already know that each block has 1 rare sat (first sat per block)
so they know 818k blocks creations is 818k rare sats. and using UTXO spending now they can follow that blockreward forward as it was spent over time(based on their bad economics of output path) to their suggested current holder address

there are also at block 818k a max total sats of 1955000000000000sats meaning under 1,9550,000 palindromes which they can also check UTXO spend suggested paths for current address location

*im ignoring the bad math of ordinals economic path suggestion and lack of understanding basic economics, which breaks the protocol anyways just to give a basic idiots guide to them having a database of 2,773,000 current addresses holding "rare sat"

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November 28, 2023, 10:57:36 PM
 #23

If you find you have some coins mined by satoshi, or from some 10000 pizza, that are worth 2 usd but someone is willing to pay 2000. Would that make you sad? Wouldn't you sell them for some fungible ideology?

Let people do whatever they want. Let them buy or collect whatever they like. Free market.. freedom
If a website started segregating Bitcoin into 'Tainted' and 'Clean' offering a Market for these and 'Clean' Bitcoin price has a premium.  And you find out your Bitcoin is 'Clean'.  Would you sell yours with a premium to fools who would buy into that crap?

This was my point.  Free market and freedom but it is important to think about consequences too.  Selling a particular Bitcoin or Satoshi as a 'different Satoshi / Bitcoin' than the rest is breaking fungibility.  I think it is selfish to agree to doing this only for your own benefit when there are Authorities trying to do precisely the same thing but with an ill intent.

Then in the future you see people not willing to buy my Bitcoin because my Bitcoin is not cleaned up so I have to have less purchasing power because of some people who buy into the Clean / Tainted B S while the rest get 100 percent purchasing power because they showed their bum in 360 to their local Authority so they could have shiny clean Bitcoin.

What is the difference between separating Bitcoin into random Bitcoin and rare Pizza Bitcoin or Authorities separating my Bitcoin into Clean and Tainted?  Same thing different purpose.

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November 28, 2023, 11:17:10 PM
 #24

For curiosity, use it is acceptable but use it with Tor connection. Security wise.

It's not worth it using it even with Tor. If you input one address, then you won't give away any information, but check two or more addresses and the owner of the site can assume that they belong to the same owner and they can build a database of wallets with addresses that were previously unconnected.

To be safe you need to make a new Tor connection after every request and disable Javascript.

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November 29, 2023, 02:02:22 AM
 #25

This may become a thing on the future, we already have people collecting coins or paper money and they buy it for an amount above its nominal value or buy it above its value when considering its precious metals content, then it would not be that surprising if investors began to buy bitcoin not only for its superior characteristics compared to fiat currencies, but they may begin to do so also as a collectible, and coins related to some iconic events on this market could become a target for that kind of collector.

But it doesn't make sense though to spend on a digital item that doesn't have a unique identity and for the collectible we have NFTs anyway I am still curious about how they determine the rare sats. And how it is even possible to scan all the data in just a fraction of a second, I doubt the accuracy of the site and another creative way to collect user details.









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November 29, 2023, 03:38:33 AM
Last edit: November 29, 2023, 03:49:20 AM by odolvlobo
 #26

I just discovered this nice web site which lets you know if you hold any rare satoshi

I think the word you want to use is coincidental. All satoshis are equally rare. No satoshi is more rare than any other. They are all unique (at least when enumerated with Ordinals). There is only one of each.

Furthermore, the value of a coincidence is purely subjective. A coincidence that seems important to you might be unimportant to someone else.

I discovered I have some sats from the 10000 btc pizza. Sadly, it doesn't look to be worth anything

Also, note that Ordinals is not the only way to enumerate satoshis. There are other methods. So, if you go to a different site, it might tell you that you do not have a satoshi that was used in the pizza transaction.

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November 29, 2023, 04:46:10 AM
 #27

It’s interesting but I won’t use it like others stated here for privacy reasons.

However I am pretty sure that many of the sats out there most likely had some type of Silk Road origins. The amount of bitcoins that went thru Silk Road in those days is huge and even with those confiscated by the government many of them out there has some connection to Silk Road transactions one way or another.

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bitmover (OP)
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November 29, 2023, 12:00:02 PM
 #28


If you find you have some coins mined by satoshi, or from some 10000 pizza, that are worth 2 usd but someone is willing to pay 2000. Would that make you sad? Wouldn't you sell them for some fungible ideology?

Let people do whatever they want. Let them buy or collect whatever they like. Free market.. freedom
This was my point.  Free market and freedom but it is important to think about consequences too.  Selling a particular Bitcoin or Satoshi as a 'different Satoshi / Bitcoin' than the rest is breaking fungibility.  I think it is selfish to agree to doing this only for your own benefit when there are Authorities trying to do precisely the same thing but with an ill intent.

The whole point is that the protocol is permissionless.

If someone wants to pay 2000 for a 2 usd sats, I am willing to sell because they are all the same to me. I need nobody permission to sell, and the buyer also do not have to ask any permission to pay whatever him wants.

Tainted coins are already real,  whether you like it or not. It is up to you to find ways to make your coins clean again before sending to centralized parties which will analyze them.

.
.BLACKJACK ♠ FUN.
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CRYPTO CASINO &
SPORTS BETTING
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