Quote from: chronek on February 18, 2017, 08:34:52 PM

Quote from: DanDan on February 18, 2017, 08:24:04 PM

You don't get money from burned coins, you lose money and lots of it Cheesy

There is no way to burn coin. They just send them to another wallet and said that will not use them, but who knows...

No it's absolutely not as simple as "[we] said that [we] will not use them"

No one has the private key for the address and generating is mathematically impossible. You can read this in the past discussions in this thread and in fact you can generate the address the same way I did if you would so like:
https://bitcointalk.org/index.php?topic=1781895.msg17876129#msg17876129

Counter Party did the exact same thing

Quote

The Counterparty proof-of-burn was set up so that anyone who sent bitcoin to the address 1CounterpartyXXXXXXXXXXXXXXXUWLpVr during the one-time burn period in January 2014 automatically received XCP in return in proportion to the amount of bitcoin they burnt. This ensured that all 2,648,755 XCP that will ever exist were created and distributed in a fair, transparent and public manner.

How do we know the burnt bitcoins cannot be used again?

The reason the bitcoins used in Counterpartys proof-of burn are now gone forever is that the burn address is demonstrably a made up bitcoin address, instead of being created together with the corresponding private key that would be required to spend the burnt coins.

https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr