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Author Topic: What would you do if you received 20 bitcoins?  (Read 9713 times)
TwinWinNerD
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August 10, 2014, 07:10:13 PM
 #61

Call me cynical, but I find it difficult to believe so many of you would really send back the coins.

Checkout the feedback that DannyHamilton left me (the escrow): https://bitcointalk.org/index.php?action=trust;u=16614

He sent 11.2 BTC to me by accident, I didn't even think a second about keeping it!

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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August 10, 2014, 07:16:37 PM
 #62

Call me cynical, but I find it difficult to believe so many of you would really send back the coins.

Checkout the feedback that DannyHamilton left me (the escrow): https://bitcointalk.org/index.php?action=trust;u=16614

He sent 11.2 BTC to me by accident, I didn't even think a second about keeping it!

I mean it's not much different then finding money on the ground.  Not in the case of TwinWinNerd I expect.  I would think in that case he had a clue who the money belonged to but not sure. 
If I find a wallet with no ID in the street loaded with money I'd like to believe I'd make an effort to return the money but apart of me is really going to want to keep it I have no doubt.  Even then it is not the same situation I guess because with Bitcoin I could always just send the coins back where they came from.
Chris_Sabian
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August 10, 2014, 10:12:56 PM
 #63

Hold the majority of the coins.

Maybe buy some AM shares or play some dice on PD3
ShakyhandsBTCer
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August 11, 2014, 01:46:38 AM
 #64

Hold the majority of the coins.

Maybe buy some AM shares or play some dice on PD3

Solid strategy! Hodl
mrcashking
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August 11, 2014, 01:51:34 AM
 #65

I would hold 10 and flip the other 10 using altcoins. Rinse and repeat until Im a btc whale. lol
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August 11, 2014, 02:54:00 AM
 #66

Hold
1 or 2 bitcoins to play BiPolarBob
Buy some altcoins
Play on Primedice.

That is it.

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August 11, 2014, 02:58:51 AM
 #67

Nothing in this world is free. I'd send it back to the originating address.

Well, let me rephrase that. I'd send a few bitcents back asking if it were a mistake. Because ya never know... maybe someone wanted to bless me.

seriouscoin
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August 11, 2014, 03:02:06 AM
 #68

what a dumb ass OP is.

Are you still a fcktard who think bitcoin is some toy money?

Because the same question can be asked for USD, what would you do if you found $10k on the ground?

Bitcoin is money, now think how dumb you just sound.

My advice to you, spend it to have better education dumbass.
beetcoin
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August 11, 2014, 03:07:22 AM
 #69

what a dumb ass OP is.

Are you still a fcktard who think bitcoin is some toy money?

Because the same question can be asked for USD, what would you do if you found $10k on the ground?

Bitcoin is money, now think how dumb you just sound.

My advice to you, spend it to have better education dumbass.


why you so angry man? you got issues or what?
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August 11, 2014, 03:11:46 AM
 #70

what a dumb ass OP is.

Are you still a fcktard who think bitcoin is some toy money?

Because the same question can be asked for USD, what would you do if you found $10k on the ground?

Bitcoin is money, now think how dumb you just sound.

My advice to you, spend it to have better education dumbass.


What is wrong to think what would happens if you win in lotto or if you get $10k work bonus/prize anything? That can happens with everyone.

And there are things that would be easier or harder with BTC than with fiat


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August 11, 2014, 03:21:51 AM
 #71

Someone may send to the wrong address and could be sad to lose 20 BTC. Absolutely return back to the sending address. Same as pick up a wallet containing cash, card, ID etc, what will you do?

It concerns me that there are thee posts advocating returning the funds to the "sending address," no questions asked.

Bitcoin has no such concept. When you spend Bitcoin, you spend coin outputs. Often, but not always, you must sign the transaction with a specific "address" to spend those outputs. If any type of coin mixing is involved, it may not be clear who the "sender" is. Which of the (for example) 5 "senders" would you return the coins to?

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herebittybittybitty
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August 11, 2014, 03:38:46 AM
 #72

Give 1 btc away and invest the rest in altcoins

The virtual way of watching it spiral down the toilet?
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August 11, 2014, 04:01:43 AM
 #73

Someone may send to the wrong address and could be sad to lose 20 BTC. Absolutely return back to the sending address. Same as pick up a wallet containing cash, card, ID etc, what will you do?

I agree, or at least make an effort to contact the person.

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August 11, 2014, 04:04:24 AM
 #74

Someone may send to the wrong address and could be sad to lose 20 BTC. Absolutely return back to the sending address. Same as pick up a wallet containing cash, card, ID etc, what will you do?

It concerns me that there are thee posts advocating returning the funds to the "sending address," no questions asked.

Bitcoin has no such concept. When you spend Bitcoin, you spend coin outputs. Often, but not always, you must sign the transaction with a specific "address" to spend those outputs. If any type of coin mixing is involved, it may not be clear who the "sender" is. Which of the (for example) 5 "senders" would you return the coins to?


If it was clear who the sender was I'd absolutely return it. Otherwise, I'd make an effort to contact the sender. The reality is that sending it back is probably better than keeping it unless the transaction is so complicated that it could be from anyone. How would you feel if you mistakenly sent 20BTC (don't ask me how).

ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
Mobius
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August 11, 2014, 04:07:05 AM
 #75

Someone may send to the wrong address and could be sad to lose 20 BTC. Absolutely return back to the sending address. Same as pick up a wallet containing cash, card, ID etc, what will you do?

It concerns me that there are thee posts advocating returning the funds to the "sending address," no questions asked.

Bitcoin has no such concept. When you spend Bitcoin, you spend coin outputs. Often, but not always, you must sign the transaction with a specific "address" to spend those outputs. If any type of coin mixing is involved, it may not be clear who the "sender" is. Which of the (for example) 5 "senders" would you return the coins to?
I would not advocate blindly sending the coins back to the address that the coins came from, but rather try to find someone who clearly controls the address that the coins came from to see where the coins were intended to go. You are correct that you would never be able to contact the sender if a mixer (or shared send) was used, but other then that you could probably figure out who had sent the coins as they would likely attempt to locate the person they sent the coins to.  
Razick
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August 11, 2014, 04:07:10 AM
 #76

Better question maybe...
What would you do if you setgenerate true and mined a block with 25 bitcoin after only a few seconds?
Then there's no moral obligation to send it back to anyone, because there's nobody to send it back to (unless you decide to distribute it evenly among everyone who has bitcoin, proportional to the amount they have, but I don't see the purpose in doing that).

Yep, exactly. That would be a much better question!

In that case, I'd probably blow a few, donate a few, and sock away or invest the rest.

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August 11, 2014, 04:07:46 AM
 #77

Someone may send to the wrong address and could be sad to lose 20 BTC. Absolutely return back to the sending address. Same as pick up a wallet containing cash, card, ID etc, what will you do?

It concerns me that there are thee posts advocating returning the funds to the "sending address," no questions asked.

Bitcoin has no such concept. When you spend Bitcoin, you spend coin outputs. Often, but not always, you must sign the transaction with a specific "address" to spend those outputs. If any type of coin mixing is involved, it may not be clear who the "sender" is. Which of the (for example) 5 "senders" would you return the coins to?


If it was clear who the sender was I'd absolutely return it. Otherwise, I'd make an effort to contact the sender. The reality is that sending it back is probably better than keeping it unless the transaction is so complicated that it could be from anyone. How would you feel if you mistakenly sent 20BTC (don't ask me how).
I agree with this. If I am able to somehow figure out who the sender was then I would return the coins to them, otherwise the coins would be mine for the keeping.

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August 11, 2014, 04:23:12 AM
 #78

White Paper - Receipt of BTC From Unknown Person https://bitcointalk.org/index.php?topic=155112.0

Saying that you don't trust someone because of their behavior is completely valid.
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August 11, 2014, 06:29:30 AM
 #79

I wish someone sent me that much. I would be rich! haha. But seriously i would send them back if someone made a mistake.
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August 11, 2014, 06:46:54 AM
 #80

Someone may send to the wrong address and could be sad to lose 20 BTC. Absolutely return back to the sending address. Same as pick up a wallet containing cash, card, ID etc, what will you do?

I agree, or at least make an effort to contact the person.

I would wait some days to see if the sender tries to contact me. Since everything is registered on blockchain, he would know how to contact me, unlike someone that lost his wallet. Otherwise I risk send back to an exchange/mixer/betting site/wharever, or refusing a legitimate donation
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