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Topic: All BitcoinEater Adresses (Read 1189 times)

hero member
Activity: 630
Merit: 500
August 06, 2016, 07:26:47 PM
#25
I never really understood the whole idea around burning coins, it was done more so in the earlier days.
legendary
Activity: 1512
Merit: 1009
August 06, 2016, 07:22:19 PM
#24

The coins sent there cant be moved. The coins that are not circulating cant be sold.

Therefore "burned" coins increase the value of bitcoin, because it decreases the effective supply.

this ain't my area of expertise. so these addresses are created without a private key? can people be totally certain about this? is it more work to create a private key? how do you arrive at an operating address without a private key?

Yes, yes (try to calculate these addresses on vanitygen), a lot of work and check this
legendary
Activity: 1288
Merit: 1087
August 06, 2016, 07:09:48 PM
#23

The coins sent there cant be moved. The coins that are not circulating cant be sold.

Therefore "burned" coins increase the value of bitcoin, because it decreases the effective supply.

this ain't my area of expertise. so these addresses are created without a private key? can people be totally certain about this? is it more work to create a private key? how do you arrive at an operating address without a private key?
sr. member
Activity: 280
Merit: 253
August 06, 2016, 03:09:55 PM
#22
why on earth would anyone send to these address, i just dont get it, its like burning your cash in the house  Undecided

there are some altcoins out there where you can "buy" or create them by destroying or burning your bitcoin. to do so you send your coins to such an address where they are lost forever.
so it is like burning your cash in the house but with the promise to get some new other cash for it.
hero member
Activity: 1092
Merit: 520
August 06, 2016, 02:53:17 PM
#21
why on earth would anyone send to these address, i just dont get it, its like burning your cash in the house  Undecided
hero member
Activity: 518
Merit: 500
August 06, 2016, 02:46:35 PM
#20
Hey Guys,

most of you're probably knowing the socalled "BitcoinEaterAddress" where some people send there Bitcoins to because they hate Bitcoin or anything else.  Sad

But there are more then the one Bitcoin Eater Address... these are all Bitcoin Eater Adresses:

1BitcoinEaterAddressDontSend8MUo1T
1BitcoinEaterAddressDontSendDHyNcX
1BitcoinEaterAddressDontSendKvw7XR
1BitcoinEaterAddressDontSendS1NtDj
1BitcoinEaterAddressDontSendXbTwCR
1BitcoinEaterAddressDontSendf59kuE -> The most known with more than 13 BTC balance.
1BitcoinEaterAddressDontSendpJqoEp
1BitcoinEaterAddressDontSendsUWhmf
1BitcoinEaterAddressDontSendzLvKvW

If you want to have also a dump Bitcoin address that's not one of these, please make free to contact me. Smiley

Best regards,

Patrick Grin
I'm sure the owner of the wallet address is bitcoin holders for long-term period maybe also the owner is a hacker.
member
Activity: 84
Merit: 10
August 06, 2016, 02:38:50 PM
#19
i'm not sure if i should be happy since this makes the other bitcoins more valuable or sad for the lost coins. also i'm jealous i guess.
hero member
Activity: 854
Merit: 1007
JAYCE DESIGNS - http://bit.ly/1tmgIwK
August 06, 2016, 07:01:44 AM
#18
hi guys really i did not understood what all above , as i understood it looks like someone sending bitcoins to those address,what is bitcoin eater address and what is the use of it ? and how it use full for us.can any one explain so that it will be very helpful.

The coins sent there cant be moved. The coins that are not circulating cant be sold.

Therefore "burned" coins increase the value of bitcoin, because it decreases the effective supply.
full member
Activity: 210
Merit: 100
August 06, 2016, 06:53:24 AM
#17
hi guys really i did not understood what all above , as i understood it looks like someone sending bitcoins to those address,what is bitcoin eater address and what is the use of it ? and how it use full for us.can any one explain so that it will be very helpful.
hero member
Activity: 854
Merit: 1007
JAYCE DESIGNS - http://bit.ly/1tmgIwK
August 06, 2016, 06:01:16 AM
#16
Regarding the higher value of the other coins, I don't really see that. If someone sends 1000 bitcoin there, do you think exchange rates feel that? I don't think so.
1000 BTC is 0.006% of all Bitcoins. That could mean $0.01 on the exchange rate. It's a tiny amount, just like 1000 Bitcoins is a tiny fraction of the total.

surley it is impossible for anyone to have the keys to these address because it would take an eternity to produce a vanity address like that?  am i right?
Producing the private key is not possible. And if it would be possible, why take the BitcoinEater-address holding 13 BTC, when there are addresses with 141,000 BTC?

I was proposing 500$ for 5million bitcoin users, that would be a big boost. 37% plus buying the bitcoins.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
August 06, 2016, 05:44:37 AM
#15
Regarding the higher value of the other coins, I don't really see that. If someone sends 1000 bitcoin there, do you think exchange rates feel that? I don't think so.
1000 BTC is 0.006% of all Bitcoins. That could mean $0.01 on the exchange rate. It's a tiny amount, just like 1000 Bitcoins is a tiny fraction of the total.

surley it is impossible for anyone to have the keys to these address because it would take an eternity to produce a vanity address like that?  am i right?
Producing the private key is not possible. And if it would be possible, why take the BitcoinEater-address holding 13 BTC, when there are addresses with 141,000 BTC?
hero member
Activity: 1092
Merit: 520
August 06, 2016, 05:30:20 AM
#14
surley it is impossible for anyone to have the keys to these address because it would take an eternity to produce a vanity address like that?  am i right?
hero member
Activity: 854
Merit: 1007
JAYCE DESIGNS - http://bit.ly/1tmgIwK
August 06, 2016, 05:19:33 AM
#13
I would love to see people with thousands of bitcoins sending their bitcoins there.

Especially organizing some kind of crowdfunding, raising a few million fiat, buying bitcoin with it, and then dumping them there, to raise the value of bitcoin.

 i wonder when that 13 btc was sent? maybe during that time, btc only worth pennies.
 Sending btcs to BitcoinEaterAdresses these days are unlikely to happen.  if there are people who will, they must be very noble. Do you think satoshi should send his to those btc address?

You know transactions are timestamped right?

There was 10 btc sent at Aug 3rd 2016

And the rest was sent all this year.
legendary
Activity: 1946
Merit: 1007
August 06, 2016, 05:12:04 AM
#12
There have been altcoins that make use of these type of adresses. In order to participate in receiving the altcoin, bitcoins have to be burned so value is not created out of thin air, but rather exchanged from bitcoin value. You may argue that it is a complete waste of bitcoin as the funds could've been used for development.

Other than that, I don't really see a purpose for these addresses, except for maybe testing.

Regarding the higher value of the other coins, I don't really see that. If someone sends 1000 bitcoin there, do you think exchange rates feel that? I don't think so.
legendary
Activity: 2212
Merit: 1041
August 06, 2016, 05:07:35 AM
#11
I would love to see people with thousands of bitcoins sending their bitcoins there.

Especially organizing some kind of crowdfunding, raising a few million fiat, buying bitcoin with it, and then dumping them there, to raise the value of bitcoin.

 i wonder when that 13 btc was sent? maybe during that time, btc only worth pennies.
 Sending btcs to BitcoinEaterAdresses these days are unlikely to happen.  if there are people who will, they must be very noble. Do you think satoshi should send his to those btc address?
legendary
Activity: 1596
Merit: 1011
August 06, 2016, 05:07:00 AM
#10
Hey Guys,

most of you're probably knowing the socalled "BitcoinEaterAddress" where some people send there Bitcoins to because they hate Bitcoin or anything else.  Sad

But there are more then the one Bitcoin Eater Address... these are all Bitcoin Eater Adresses:

1BitcoinEaterAddressDontSend8MUo1T
1BitcoinEaterAddressDontSendDHyNcX
1BitcoinEaterAddressDontSendKvw7XR
1BitcoinEaterAddressDontSendS1NtDj
1BitcoinEaterAddressDontSendXbTwCR
1BitcoinEaterAddressDontSendf59kuE -> The most known with more than 13 BTC balance.
1BitcoinEaterAddressDontSendpJqoEp
1BitcoinEaterAddressDontSendsUWhmf
1BitcoinEaterAddressDontSendzLvKvW

If you want to have also a dump Bitcoin address that's not one of these, please make free to contact me. Smiley

Best regards,

Patrick Grin
I guess it does not make sense. some people who do dump will require bitcoin in greater numbers. maybe 1,000 BTC is required for it.
and feel impossible if bitcoin will be in the dump. every person would want bitcoin prices higher.
hero member
Activity: 784
Merit: 500
August 06, 2016, 05:02:17 AM
#9
sometimes i thinking only stupid people who send his bitcoin to bitcoin eater adress, but iam curius who create this adress? are this address created randomly? or owner create this address with super computer using vanitygen software. ..?
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
August 06, 2016, 05:00:52 AM
#8
I typed a bit about this just 2 days ago.

You can create your own Proof of Burn-address here.

The list from Patrick349 are just addresses with balance. For some reason someone sent 0.001 BTC to each of them in one transaction.

blockr.io allows to search with only a small part of the address. If I search 1Bitcoin, it gives 1BitcoinEaterAddressDontSendf59kuE (I guess it's the highest balance starting with 1Bitcoin).
Blockonomics gives a few more options. I'm still looking for a site that shows all (used) addresses starting with a certain string.

i wonder when that 13 btc was sent? maybe during that time, btc only worth pennies.
No need to wonder, you can just look it up in blockchain. That's about $7000 including fee 3 days ago.
hero member
Activity: 854
Merit: 1007
JAYCE DESIGNS - http://bit.ly/1tmgIwK
August 06, 2016, 04:47:25 AM
#7
It makes me sad to think that there's over $6,000 in that address that will never see the light of day. I wish it would see the light of my bitcoin wallet. There's a lot of light there (Because it's empty)




I would love to see people with thousands of bitcoins sending their bitcoins there.

Especially organizing some kind of crowdfunding, raising a few million fiat, buying bitcoin with it, and then dumping them there, to raise the value of bitcoin.

What means fiat?

I believe fiat is cash money in whatever your local currency is.

Man , its not wasted. That is there makes your coins more valuable, becaue they are out of circulation.

Every burned bitcoin makes the circulated bitcoins more valuable. Everyone profits from this.
sr. member
Activity: 252
Merit: 250
August 06, 2016, 04:44:38 AM
#6
It makes me sad to think that there's over $6,000 in that address that will never see the light of day. I wish it would see the light of my bitcoin wallet. There's a lot of light there (Because it's empty)




I would love to see people with thousands of bitcoins sending their bitcoins there.

Especially organizing some kind of crowdfunding, raising a few million fiat, buying bitcoin with it, and then dumping them there, to raise the value of bitcoin.

What means fiat?

I believe fiat is cash money in whatever your local currency is.
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