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Board Beginners & Help
Re: Is there a way to publicly destroy a BTC?
by
kuverty
on 25/12/2013, 02:32:57 UTC
Sure just send it to this address: 1111111111111111111114oLvT2

it's well understood that nobody has the private key for this.  It is the bitcoin address that corresponds to a public key hash of 0.

Ops, there are almost 3BTC there, seems that people are really destroying BTC's. ;-)

OP: Basically, you can just randomly generate a valid public bitcoin address (without the corresponding private key) and send the money there.

Just note that it should also be an address like "1ThisisABitcoinEaterAddressjkjf8ejifnsin8w3" or "111111111111111idjfiufj3" (probably not valid) so that people can be sure (at least sure enough) that you don't have the private key. Of course you can "destroy" (render unusable) your BTC but to do it publicly as OP wanted to, others need to be sure they are untouchable, which will not happen if you just generate some address; it must be obvious that with a very high probability no one has the private key (nor will ever have).

Yes, there are wasy.  But 99.9999% of the population dont have the means.

Most certainly, everyone who has control over any amount of BTC can send them to for example 1111111111111111111114oLvT2 as Mike suggested. We should come up with a clever plan to get people to send their BTC there (of course knowing what they do!). Some kind of a "who's the richest" pissing contest type of thing but something with more appeal  Cheesy