Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DustCoin DUST 100% PoS Yobit ICO (v1.2)
by
DustCoinDev
on 09/02/2016, 21:49:19 UTC
The obvious problem with a burn address is who is to say that someone does not have the private key to the burn address ?  If they did they can claim all the burned coins at some point in the future.

Thats not a problem, because it is practically impossible. It would mean that the complete system is broken.


Well I have seen some burn addresses that are just a regular address that is stated as a burn address that is what I meant by that. 

I see. A burn address is only a trustworthy burn address when it contains enough predictable characters. The more predictable characters the harder (or impossible) it gets to also have the private key.