How/Who first found burning address?

o_e_l_e_o

legendary

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Merit: 18771

You've mixed things up there ETFbitcoin.

The address 1111111111111111111114oLvT2 is spendable. This address is generated from a RIPEMD-160 output of 0000000000000000000000000000000000000000. If you put 0000000000000000000000000000000000000000 in to step 3 on this page, it will output the address 1111111111111111111114oLvT2. So, if someone could find the private key which generates the public key which results in the RIPEMD160(SHA256(pubkey)) being 0000000000000000000000000000000000000000, they could spend those coins. It's very unlikely, yes, but the coins are still spendable.

The quote of mine you have linked to above was discussing this "address": https://blockchair.com/bitcoin/address/s-272edf45031dd498e7b3ae89e11ff21b. If you click "Additional info" and then "Op" on the left, you will see the locking script is as follows

Code:

OP_DUP OP_HASH160 0 OP_EQUALVERIFY OP_CHECKSIG

To be able to spend these coins, someone would need to find the private key which generates the public key which results in the RIPEMD160(SHA256(pubkey)) being 0. Because RIPEMD-160 always outputs a 20 byte number, it will never output 0, and so these coins are provably unspendable.

Saint-loup

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Activity: 2604

Merit: 2353

Quote from: ABCbits on December 04, 2022, 04:55:35 AM

Quote from: pooya87 on December 02, 2022, 11:12:25 PM

There is no script preventing these outputs from being spent since they are normal P2PKH scripts. What prevents them from being spent is that because of the way these addresses are created. The user creates the hash which can not be reversed to get the public key which also can not be reversed to get the private key that is needed to spend the coins.

But don't forget there's rare case such as address 1111111111111111111114oLvT2 which has unreachable spending condition due to RIPEMD-160.

Quote from: owlcatz on December 03, 2022, 10:14:05 AM

Quote from: pooya87 on December 02, 2022, 11:12:25 PM

If you send any coins to the public key used in Genesis blocks, the coins may never move but they are not lost because Satoshi created that key and may have the private key still stored somewhere so that he can spend those coins in the future if he chooses to.

The genesis block coins can never be spent:

coingeek[dot]com/the-mystery-of-the-genesis-block

Personally i would not use this website as reference or information source since it contains BSV propaganda.

This address "has unreachable spending condition due to RIPEMD-160" ? Could you elaborate please because I read this topic about this address and I didn't find a post telling that.
https://bitcointalksearch.org/topic/--5418492
_Counselor said "no one knows its key, and it may well be that such a key does not exist at all" but he's not affirmative.

Quote from: ?? on ??

This address - 1111111111111111111114oLvT2, created from RIPE160 hash with all zero bits "0000000000000000000000000000000000000000"
Because there is no known attacks on ripe160, it is nearly impossible that someone found such input, that will produce that hash, even if you do not take into account double hashing when generating an address.
To get this address, you have to find a such EC point, that will produce such SHA256 hash, which in turn will produce 160 zero-bits RIPEMD.
So, 1111111111111111111114oLvT2 is valid BTC address, but no one knows its key, and it may well be that such a key does not exist at all.

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

Quote from: pooya87 on December 02, 2022, 11:12:25 PM

Quote from: Kecil-Kecilan on December 02, 2022, 09:23:09 PM

Does those address could be spendable if "GOD" earn private-key. Or those bitcoins has scripted like un-spendable?

There is no script preventing these outputs from being spent since they are normal P2PKH scripts. What prevents them from being spent is that because of the way these addresses are created. The user creates the hash which can not be reversed to get the public key which also can not be reversed to get the private key that is needed to spend the coins.

But don't forget there's rare case such as address 1111111111111111111114oLvT2 which has unreachable spending condition due to RIPEMD-160.

Quote from: owlcatz on December 03, 2022, 10:14:05 AM

Quote from: pooya87 on December 02, 2022, 11:12:25 PM

If you send any coins to the public key used in Genesis blocks, the coins may never move but they are not lost because Satoshi created that key and may have the private key still stored somewhere so that he can spend those coins in the future if he chooses to.

The genesis block coins can never be spent:

coingeek[dot]com/the-mystery-of-the-genesis-block

Personally i would not use this website as reference or information source since it contains BSV propaganda.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: owlcatz on December 03, 2022, 10:14:05 AM

Quote from: pooya87 on December 02, 2022, 11:12:25 PM

If you send any coins to the public key used in Genesis blocks, the coins may never move but they are not lost because Satoshi created that key and may have the private key still stored somewhere so that he can spend those coins in the future if he chooses to.

The genesis block coins can never be spent:
~

The 50BTC block reward from block #0 or Genesis block is the only output (UTXO) that can not be spent. Anything else you send to the public key (or the corresponding address) is a new UTXO that is like any other coin on the blockchain and can be spent the same way.

owlcatz

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Activity: 3570

Merit: 1959

Quote from: pooya87 on December 02, 2022, 11:12:25 PM

If you send any coins to the public key used in Genesis blocks, the coins may never move but they are not lost because Satoshi created that key and may have the private key still stored somewhere so that he can spend those coins in the future if he chooses to.

The genesis block coins can never be spent:

https://coingeek.com/the-mystery-of-the-genesis-block/

DdmrDdmr

legendary

Activity: 2338

Merit: 10802

There are lies, damned lies and statistics. MTwain

Quote from: Kecil-Kecilan on December 02, 2022, 09:23:09 PM

<...>

There is a fairly recent thread on Development & Technical Discussion that discusses bitcoin burn addresses, where all three of the addresses you mention are discussed within: 1111111111111111111114oLvT2.

Out of those addresses, the one I found had a fairly thorough description behind the motives that led to its creation was 1CounterpartyXXXXXXXXXXXXXXXUWLpVr, as described in this post.

To round it up, this other blog entry dating back to the end of 2017 lists a largish list sorted by diverse criteria (balance, number of TXs, last TX), though it is a few years old now and not exhaustive nor up-to-date.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Kecil-Kecilan on December 02, 2022, 09:23:09 PM

Does those address could be spendable if "GOD" earn private-key. Or those bitcoins has scripted like un-spendable?

There is no script preventing these outputs from being spent since they are normal P2PKH scripts. What prevents them from being spent is that because of the way these addresses are created. The user creates the hash which can not be reversed to get the public key which also can not be reversed to get the private key that is needed to spend the coins.

Quote from: owlcatz on December 02, 2022, 09:30:37 PM

So yes, you are effectively "burning" coins when you send to addresses liek that, or say, the Genesis block... It may be "trackable", but the coins are effectively lost, and gone forever as unspendable.

If you send any coins to the public key used in Genesis blocks, the coins may never move but they are not lost because Satoshi created that key and may have the private key still stored somewhere so that he can spend those coins in the future if he chooses to.

DaCryptoRaccoon

hero member

Activity: 1241

Merit: 623

OGRaccoon

1CounterpartyXXXXXXXXXXXXXXXUWLpVr

Is related to a old project called Counterparty (XCP) https://counterparty.io/

It also uses the Bitcoin blockchain for transaction, when XCP was created the only way to get some was to take part in burning some bitcoin to that burn address.

You can find out more about the Counterpart burn here.

https://counterparty.io/news/why-proof-of-burn/

Proper OG project this one, Has had recent developments over the last few months and some NFT's and other cool assets being sold on the chain.

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: Kecil-Kecilan on December 02, 2022, 09:23:09 PM

Newbie here

As known burning address method to destroy bitcoins, but not mean for bitcoin is disappear just such like archived and trackable with blockchain.
So who is found bitcoins address with unique things?
ex:
1BitcoinEaterAddressDontSendf59kuE
1CounterpartyXXXXXXXXXXXXXXXUWLpVr
1111111111111111111114oLvT2

Does those address could be spendable if "GOD" earn private-key. Or those bitcoins has scripted like un-spendable?

The addresses have no private keys, therefore are unrecoverable to anyone. Not sure who made them, but I'm sure a bit of googling around would help.

The counterparty burn was for trading BTC for XCP, so yeah, more coins gone...

So yes, you are effectively "burning" coins when you send to addresses liek that, or say, the Genesis block... It may be "trackable", but the coins are effectively lost, and gone forever as unspendable.

https://seekingalpha.com/article/4082979-how-much-bitcoin-lost-forever

Kecil-Kecilan

newbie

Activity: 10

Merit: 0

Newbie here

As known burning address method to destroy bitcoins, but not mean for bitcoin is disappear just such like archived and trackable with blockchain.
So who is found bitcoins address with unique things?
ex:
1BitcoinEaterAddressDontSendf59kuE
1CounterpartyXXXXXXXXXXXXXXXUWLpVr
1111111111111111111114oLvT2

Does those address could be spendable if "GOD" earn private-key. Or those bitcoins has scripted like un-spendable?

Topic: How/Who first found burning address? (Read 165 times)