Deposit of Reddcoins instead of Redcoins to Bter. Coins lost

General
#1

I accidentally deposited Reddcoins instead of Redcoins to Bter. After noticing I contacted them and I received the following reply:

Dear Sir,
Bter only supports redcoin, not reddcoin.
If it is the reddcoin you sent to bter, the coins will be lost.
If it is the redcoin, we may help with it.
Best Regards
Bter.com

I am not that much familiar with crypto-currency but I was kind of shocked with this reply. Can coins be lost?!
Also how is it possible for coins to be send on an address of a different crypto-currency?

My questions might seem odd for someone more experienced in crypto-currency but I thought that such things are not possible or were auto-addressed. I was thinking that no such cases could take place.

I would love to see some comments.
Cheers!

#2

stefioan said:

ted Reddcoins instead of Redcoins to Bter. After noticing I contacted them and I received the following reply:

I could be wrong but the reason why your transaction was confirmed by your wallet is the address prefix… cause both currencies use the “R” letter in the beggining of the adress.
So in theory you send the coins to a Reddcoin address and it is there on the blockchain… http://live.reddcoin.com/ try to seach in our blockchain for the Redcoin adress you send them.

Maybe someone in the future will generate the private key and keep the money… or has already claimed too…

You still can try to generate private key to that adress, but will take something like a billion years for what I have readed… at least with the current computer power… :wink:

2 Likes
#3

stefioan Sorry to hear that. Oliver is correct.

Redcoin (one ‘d’) is pretty much a dead coin and I would hope most exchanges delist it this year to avoid confusion. Did you lose a lot?

#4

Yes Oliver is right. But its not simply because it starts with “R” (;

Reddcoin And Redcoin use the same decimal version for addresses:
https://github.com/reddcoin-project/reddcoin/blob/master/src/base58.h#L275

https://github.com/redcoinproject/redcoin/blob/master/src/base58.h#L281

You can see a list of decimal versions and their prefixes here:
https://en.bitcoin.it/wiki/List_of_address_prefixes

Im not sure if address generated with 60 as the decimal version would work for reddcoin but it also starts with R. I may test this later, also for 59 & 62.

So if its a redcoin address it is a valid reddcoin address and vice versa

1 Like
#5

iisurge yes now you have raised a good question: How is the address generated? if it is ONLY based on these parameters we they have also the money…

This one hell does it use the same base? A good question to develop in the ReddAcademy.

#6

Oliver stefioan the way addresses are generated can all be found in that base58.h file I believe. But heres another question that could possibly help get your coins back if bter is willing to do it. If you got that private key and imported it to reddcoin-qt, would you get the address sense they use the same decimal version for addresses?

EDIT: Answered my own question here: yes because think about how for vanitygen you only need to define the version (-X 61) to get an address and private key pair

2 Likes
#7

iisurge said:

If you got that private key and imported it to reddcoin-qt, would you get the address sense they use the same decimal

That is what I wanted to correlate if they are generated only based on these same parameters… if not his quest could be useless… although If it was me I would ask for the private key of that address anyway.

#8

iisurge Thanks for the wiki link! I was looking for this information when I wrote the tutorial about vanity addresses and couldn’t find it.

Regarding 60 vs 61 decimal version:
“The encoding includes a version byte, which affects the first character in the address.”

https://en.bitcoin.it/wiki/Base58Check_encoding
“The algorithm for encoding address_byte_string (consisting of 1-byte_version + hash_or_other_data + 4-byte_check_code)”

the hash includes the version number and therefore the base58 address for every version is different.

// EDIT: this is a list of addresses that are generated with the same input but for different versions: https://gist.githubusercontent.com/Earlz/de3cc5f6ee85c7a69d53/raw/e9b8f53ddadd1677fc2fd2a0f1df8547e08ae408/gistfile1.txt

// EDIT2: this line of code shows it and is well documented: https://gist.github.com/Earlz/fa942122ce27c90ea9a6#file-gistfile1-cs-L33

#9

Oliver: I can confirm what iisurge said. If he gets the private key or bter will import the private key to a reddcoin wallet they can recover his coins.

3 Likes
#10

ReddcoinRocks Sweet babyJesus! Let’s cross fingers for those guys to do that.

1 Like
#11

Oliver ReddcoinRocks I’ve heard of other exchanges recovering coins like this, but bter doesnt offer reddcoin as an option so yea lets hope

#12

Oliver GrayPhoenix iisurge ReddcoinRocks

thanks for helping out guys.
I am not 100% sure of what I should ask them but what I understood is that the private key for the address in Redcoin is the same for the address in Reddcoin right?

I have sent just 100k.

Thanks, you guys are awesome!

#13

stefioan correct, Id simply ask if an admin can either give you the private key or import it to a reddcoin wallet themselves and send you the coins.

1 Like
#14

ReddcoinRocks said:

Oliver: I can confirm what iisurge said. If he gets the private key or bter will import the private key to a reddcoin wallet they can recover his coins.

This is true, exchanges such as cryptsy have been know to do this on multiple diffrent occasions :slight_smile: I recommend you ticket support, Best of luck

1 Like
#15

Naro

Naro said:

ReddcoinRocks said:

Oliver: I can confirm what iisurge said. If he gets the private key or bter will import the private key to a reddcoin wallet they can recover his coins.

This is true, exchanges such as cryptsy have been know to do this on multiple diffrent occasions :slight_smile: I recommend you ticket support, Best of luck

Use this as an excuse for them to add reddcoin (;

1 Like
#16

stefioan If Bter can’t help then I’d like to send 100k RDD to you. I just won some coins playing around on reddcoinbet.co so it’s like found money to me.

1 Like
#17

GrayPhoenix
thanks a million :smiley:
Well, lets see what their reply is…

#18

stefioan Any luck?

#19

heelo guy im new here and in crytocurrencies i receive amount of reed coin in my wallet but dont know how much is this 1 569.19750269 rdd please help

#20

bulaion Welcome! That much RDD is worth a few cents in US money, but it’s enough to start learning about Reddcoin and digital currency with.