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Author Topic: Want to buy - the world's first 25 BTC block  (Read 3222 times)
ripper234
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Ron Gross


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July 23, 2012, 06:34:36 AM
 #1

(Ordinarily this thread might belong in the marketplace forum, but I think it actually doesn't).

Somewhere around December 2012, the first ever 25 BTC block will be mined. I want it!

I'm willing to pay 30 BTC to whoever delivers it to me intact, with up to 2-3 "hops" from the original mining transaction. The item in question is the entire 25 BTC block (+ tx fees), without being split.

Think it's worth more than 30 BTC? (Collectible value)
Feel free to out-bid me.

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kronosvl
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July 23, 2012, 07:10:09 AM
 #2

problem is that some pools(p2ppool included) are splitting the 25btc. We cannot be sure that the block will stay intact

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ripper234
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Ron Gross


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July 23, 2012, 07:15:18 AM
 #3

problem is that some pools(p2ppool included) are splitting the 25btc. We cannot be sure that the block will stay intact

It will be a shame then.

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July 23, 2012, 07:16:01 AM
 #4

problem is that some pools(p2ppool included) are splitting the 25btc. We cannot be sure that the block will stay intact

yup. good luck hunting down those bitcoins. However, if you make quite some advertisement, so that everybody knows, then you may be able to buy them back from all the mining recipients...

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July 23, 2012, 08:00:13 AM
 #5

or you could just make a deal with the people who run all the largest pools. As long as people are paid for what they mined I don't think they care what block it came from.

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July 23, 2012, 08:02:57 AM
 #6

If I manage to mine it, I will auction it and it would be alot more than 30BTC. Wink

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Ron Gross


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July 23, 2012, 10:02:18 AM
 #7

If I manage to mine it, I will auction it and it would be alot more than 30BTC. Wink

Fine, 35 BTC Wink

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Ron Gross


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July 23, 2012, 10:04:39 AM
 #8

BTW, the point of this thread wasn't really to buy this block (I'm sure I would get outbid).
It's just interesting to think about.

Beyond the first blocks mined by satoshi, I don't know of another block that is worth much more than its raw content ... and those early blocks are not for sale.

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July 23, 2012, 11:27:23 AM
 #9

Maybe the last 50 BTC block?!

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ripper234
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Ron Gross


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July 23, 2012, 12:01:19 PM
 #10

Maybe the last 50 BTC block?!

Maybe. I won't pay much for that particular block, but that could be just me.

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July 23, 2012, 01:32:04 PM
 #11

If you really had some money I would take a gamble and aproach the top 3 pools.  Offer to prepay them a premium directly if they use a vanity address (1st25BTC....) you generated as the coinbase for that block. 

Then it will be 0 hops.  Of course even w/ top 3 pools you only have a ~50% chance of getting that particular block.
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Ron Gross


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July 23, 2012, 01:56:43 PM
 #12

If you really had some money I would take a gamble and aproach the top 3 pools.  Offer to prepay them a premium directly if they use a vanity address (1st25BTC....) you generated as the coinbase for that block. 

Then it will be 0 hops.  Of course even w/ top 3 pools you only have a ~50% chance of getting that particular block.

Nice idea. Let me think about it for a few months.

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July 23, 2012, 02:01:03 PM
 #13

How about block #1337? #9001?
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Ron Gross


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July 23, 2012, 02:12:56 PM
 #14

How about block #1337? #9001?

Nah, not interested.

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July 23, 2012, 02:26:29 PM
 #15

How about block #1337? #9001?

Nah, not interested.

You probably have some of those coins somewhere. Those blocks are ancient.

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July 23, 2012, 02:48:58 PM
 #16

40 BTC now. Smiley

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July 23, 2012, 03:25:42 PM
 #17

Maybe the last 50 BTC block?!

Definitely this will be more interesting as 50s are running out. 25s you can get another 4 years.

I definitely would try to get it to a coinbase transaction and put it on a physical coin. Actually I hope Cascaci[wtf? how do you write that name???]ius makes a series of coinbase coins.

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July 23, 2012, 04:58:32 PM
 #18

Just need to be lucky and hope a solo miner finds it!

Also it would be worth more if the PRIVATE KEY was delivered to you and NOT through a TRANSACTION. This would insure the block stayed in MINT condition.

You would also have to be sure that EVERYONE in the BITCOIN COMMUNITY was aware of this seek so that when the block is found that there will be no problem finding it's way to you.

I feel that 30BTC is too low of a value for this. I feel this block should go on auction and upon the winning bit a contract is written out explaining that the private key will be released to the highest bidder. If the block is spent by either party than there could be trouble.

Have you seen my post?

https://bitcointalk.org/index.php?topic=94712.0

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ripper234
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Ron Gross


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July 23, 2012, 05:10:31 PM
 #19

Just need to be lucky and hope a solo miner finds it!

Also it would be worth more if the PRIVATE KEY was delivered to you and NOT through a TRANSACTION. This would insure the block stayed in MINT condition.

You would also have to be sure that EVERYONE in the BITCOIN COMMUNITY was aware of this seek so that when the block is found that there will be no problem finding it's way to you.

I feel that 30BTC is too low of a value for this. I feel this block should go on auction and upon the winning bit a contract is written out explaining that the private key will be released to the highest bidder. If the block is spent by either party than there could be trouble.

Have you seen my post?

https://bitcointalk.org/index.php?topic=94712.0

Yeah, I imagine the actual value of this block will be quite larger, possibly 50 or even 100 BTC.
I can't afford to start collecting rare blocks though, it's too expensive for my blood ... I'll surely get out-bid by some early adopters Wink

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July 23, 2012, 07:09:21 PM
 #20

How about block #1337? #9001?

Nah, not interested.

You probably have some of those coins somewhere. Those blocks are ancient.
https://www.blockchain.info/block-index/1338/000000008bf44a528a09d203203a6a97c165cf53a92ecc27aed0b49b86a19564

https://www.blockchain.info/block-index/10554/0000000003755221a82a55ef769e3a785768fa567a1c03580cda400656f2b216

Both are in their original addresses.
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