No because there is no way to publicly destroy a BTC irl.
You can, send it to 1ThisisABitcoinEaterAddressjkjf8ejifnsin8w3
It is unlikely someone has private key to this vanity Bitcoin address
Topic: Is there a way to publicly destroy a BTC? - page 2. (Read 1756 times)
You can, send it to 1ThisisABitcoinEaterAddressjkjf8ejifnsin8w3
It is unlikely someone has private key to this vanity Bitcoin address
No because there is no way to publicly destroy a BTC irl.
Imagine when 2,000 years from now, some alien civilization uses its advanced technology to reverse engineer all the private keys and take the BTC. 
Sure just send it to this address: 1111111111111111111114oLvT2
it's well understood that nobody has the private key for this. It is the bitcoin address that corresponds to a public key hash of 0.
it's well understood that nobody has the private key for this. It is the bitcoin address that corresponds to a public key hash of 0.
Ops, there are almost 3BTC there, seems that people are really destroying BTC's. ;-)
OP: Basically, you can just randomly generate a valid public bitcoin address (without the corresponding private key) and send the money there.
Just note that it should also be an address like "1ThisisABitcoinEaterAddressjkjf8ejifnsin8w3" or "111111111111111idjfiufj3" (probably not valid) so that people can be sure (at least sure enough) that you don't have the private key. Of course you can "destroy" (render unusable) your BTC but to do it publicly as OP wanted to, others need to be sure they are untouchable, which will not happen if you just generate some address; it must be obvious that with a very high probability no one has the private key (nor will ever have).
Yes, there are wasy. But 99.9999% of the population dont have the means.
Most certainly, everyone who has control over any amount of BTC can send them to for example 1111111111111111111114oLvT2 as Mike suggested. We should come up with a clever plan to get people to send their BTC there (of course knowing what they do!). Some kind of a "who's the richest" pissing contest type of thing but something with more appeal
Well if you want to destroy them just send them to me. It's like trowing it into abyss.
I guess an anonymous donation of 1,300 BTC into a fake account might stir up the market and cause a rally (due to decreased supply) 
Yes, there are wasy. But 99.9999% of the population dont have the means.
It was an interesting read, thank you
I understand now. Thanks for explaining! Well, that is easy to do! Yet another cool feature of BTC.
Sure just send it to this address: 1111111111111111111114oLvT2
it's well understood that nobody has the private key for this. It is the bitcoin address that corresponds to a public key hash of 0.
it's well understood that nobody has the private key for this. It is the bitcoin address that corresponds to a public key hash of 0.
Ops, there are almost 3BTC there, seems that people are really destroying BTC's. ;-)
OP: Basically, you can just randomly generate a valid public bitcoin address (without the corresponding private key) and send the money there.
Sure just send it to this address: 1111111111111111111114oLvT2
it's well understood that nobody has the private key for this. It is the bitcoin address that corresponds to a public key hash of 0.
it's well understood that nobody has the private key for this. It is the bitcoin address that corresponds to a public key hash of 0.
Thanks for the tip. I am looking into how they did it.
Didn't btc-e publicly destroy a whole pile of litecoins? I think they were able to generate a valid but unspendable address or something.
The problem would be that there is no guarantee you didn't back up the private key. Essentially, I want to know if there is some way to record in the block-chain that certain BTC are transferred somewhere that they can never be retrieved from.
You could have a paper wallet, and then burn it.
One of the great things about BTC is the reversibility of transactions. If you lose your private key, then your BTC are essentially destroyed because there is no way to access them.
My question is whether there is a way to INTENTIONALLY destroy BTC so that other users can tell that the supply of BTC has decreased? I realize that you could always claim to have destroyed the private key. But my question is whether there is any conceivable means of proving that to be true.
My question is whether there is a way to INTENTIONALLY destroy BTC so that other users can tell that the supply of BTC has decreased? I realize that you could always claim to have destroyed the private key. But my question is whether there is any conceivable means of proving that to be true.
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