what kind of address is this? - page 2.

bitbaby

hero member

Activity: 812

Merit: 1000

Quote from: tadakaluri on September 01, 2015, 11:41:55 PM

Very interesting Bitcoin wallet. May be a voting address.

Interesting indeed and no idea what is going on there, why do people keep sending money to it? The last transaction was sent yesterday and the address who sent the coins yesterday seems to be including that address in all of the transactions. Very odd.. There's more than 3 Bitcoins there right now and by today's price that would be around $700 and if no one ever finds the key to that address (which no one will) that's $700 just thrown away for no reason??

Also, what's with this message "Unable to decode output address" every transaction shows that, what does it mean?

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: tadakaluri on September 01, 2015, 11:41:55 PM

Very interesting Bitcoin wallet. May be a voting address.

No, it is simply the Bitcoin address that you get when you create a Bitcoin address from the 160 bit number

0000000000000000000000000000000000000000

That is all it is.

Why people send BTC to any address that simply burns it forever is another question.

tadakaluri

hero member

Activity: 616

Merit: 500

Very interesting Bitcoin wallet. May be a voting address.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Normally the process of creating a Bitcoin address is:

1) Create the private key
2) From the private key calculate the public key
3) From the public key calculate the Bitcoin address

The Bitcoin address in question was created as follows:

1) Create a bogus Bitcoin address

Notice that the private key and public key were not created, and they can never be calculated or recovered so:

Any Bitcoins sent to that address will be lost forever.

LiQio

legendary

Activity: 1181

Merit: 1002

there's already an old thread on that topic
https://bitcointalksearch.org/topic/interesting-bitcoin-address-1111111111111111111114olvt2-237143

jwinterm

legendary

Activity: 3136

Merit: 1116

Looks like a burn address. None of the outputs are spent. So, people send money to in order to buy-in to some new project or something probably.

coaltin

sr. member

Activity: 392

Merit: 250

https://blockchain.info/address/1111111111111111111114oLvT2

Is it a bot or some hack activity underlying it?

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