Quote from: AlcoHoDL on December 05, 2024, 05:17:36 PM

Quote from: hisslyness on December 05, 2024, 04:18:04 PM

Quote from: AlcoHoDL on December 05, 2024, 03:36:53 PM

Silly question: are old, legacy, pre-BCH fork Bitcoin worth keeping untouched/unspent for some reason? Are they expected to gain in value as "collector's items" compared to the more recent ones?

Came up in a conversation with a friend who hodls 3 such BTC (from 2016). Bought them for $1500, now worth $300,000.

I gave him my usual "keep them if you can, spend them if you must" reply, but I never thought of old coins gaining in value...

Nope!.. for one simple reason.. The PRIVATE KEY belonging to the UTXO is no longer PRIVATE.

So for me to take control of those "old, legacy, pre-BCH" Bitcoin UTXO would mean someone else knows the PRIVATE KEY... remember "NYKNYC" also means "OYKTPK" (Only You Know The Private Key)

Exactly. Which means that keeping them makes sense only if the "collector" is the coin hodler himself. Selling the coins to someone else, while keeping them in their current (legacy) state, means that the current owner (my friend) would have to give the buyer the private key, thus making it no longer private (both would know it, and it can't be changed).

Quote from: Richy_T on December 05, 2024, 04:55:49 PM

Quote from: AlcoHoDL on December 05, 2024, 03:36:53 PM

[...as above...]

No. Makes no diff. Untraceable ones might be worth a premium though.

He's lucky. They are untraceable. I bought them for him using a Bitcoin ATM, no ID or other info submitted, totally anonymous (unless there was a camera recording me, not him!). That's where I bought many of my own coins back then, had not yet started using exchanges. Exciting times.

I really feel embarresed by not have gotten it right away. Thanks for the calirification!