Guys from searching around I think this would be the fastest cleanest most transparent way to Burn these coins..
You can see from this link the address below would take 3.3E+33 or 3.3 decillion years to crack.
https://en.bitcoin.it/wiki/Vanitygen
So, I think this would work and be transparent to all..
2CryptsyBurnLockedForeverxxxxdmvPw
I believe that this would make the address known to all and the private key unknown to all. But the address would be a valid and would, in theory, have some theoretical valid private key, just no-one would know what it is.
Let me know what you think.
Guys from searching around I think this would be the fastest cleanest most transparent way to Burn these coins..
You can see from this link the address below would take 3.3E+33 or 3.3 decillion years to crack.
https://en.bitcoin.it/wiki/Vanitygen
So, I think this would work and be transparent to all..
2CryptsyBurnLockedForeverxxxxdmvPw
I believe that this would make the address known to all and the private key unknown to all. But the address would be a valid and would, in theory, have some theoretical valid private key, just no-one would know what it is.
Let me know what you think.
The problem is that VanityGen tool creates a valid address from a valid key.. and i think also with address returns the private key for use.
$ ./vanitygen 1Boat
Difficulty: 4476342
Pattern: 1Boat
Address: 1BoatSLRHtKNngkdXEeobR76b53LETtpyT
Privkey: 5J4XJRyLVgzbXEgh8VNi4qovLzxRftzMd8a18KkdXv4EqAwX3tS
The burn address must be with invalid keys for any doubt! Even you found the right keys will be remain invalids and not possible to "open" it!
I'm checking Mooncoin_Foundation solution(with invalid public key).
I think if the money came to the developer's address - it's already HIS PERSONAL money. He is a very decent and steep man - since he honestly told us that they came to him. The decision to take him personally. It's very stupid to burn money. He can do it in a classical way. 50% charity (within 1-2 years, so that there was no depreciation), 20% for community development - conferences, advertising, etc. 30% remains the developer in advance to stimulate further work.