Quote from: Amph on July 15, 2015, 03:01:41 PM

Quote from: Herbert2020 on July 15, 2015, 02:35:41 PM

Quote from: Amph on July 15, 2015, 12:06:28 PM

Quote from: ausbit on July 15, 2015, 12:00:35 PM

Quote from: S4VV4S on July 15, 2015, 09:44:37 AM

So, unless people intentionally sent coins to 1DontSentHereCoz1tsGone4Ever they cannot prove that they are telling the truth or don't have any backups.

Could someone please explain how this address works?
I imagine that it's just a btc address that is guaranteed some how that the private keys have been distroyed, but are the coins still sitting in that wallet/address and could anyone ever hack it to steal the coins?

i think it's a joke man, that address does not exist lol, but i guess someone could customize it with some tools

i don't know if this is what he meant or even this was in his mind when he posted the top comment but there is an address that only eats bitcoins and in fact destroys them:
https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE

this address is without private keys so if you send to that address the coins will be lost forever!

i didn't know that this was possible, you always learn something new each day, i've read online that you can do it with electrum seedless wallets or electrum pos system

or they just have hidden the private key in some way?

There is a private key, it's just the same as with any other address... nobody is ever going to be able to guess it. The fact that the address is so specific and not random numbers and letters means that no one actually generated that address from a private key.