Post
Topic
Board Bitcoin Discussion
Re: What about those bitcoins that are LOST?
by
Herbert2020
on 16/07/2015, 07:52:45 UTC
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?

Exactly the address i was thinking about, thank you Herbert2020  Smiley
Now when you say this address has no private keys what do you mean.
Was this address created without private keys? (If even possible)
Or were the private keys just destroyed to this address, if so who did and or approved this?

creating an address with that many custom characters (BitcoinEaterAddressDontSend) is impossible.
check out vanity address for more info. it is proximately like this :
creating with 3 custom characters take less than a minute and 4 takes half an hour and more becomes exponentially harder until impossible.

so that address 1BitcoinEaterAddressDontSendf59kuE is impossible to have private keys.
but creating such address is very well possible:
https://bitcointalk.org/index.php?topic=973998.0
but it is useless since you can never spend the coins!!