Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
vroom
on 08/05/2019, 13:56:53 UTC
Stupid article, can't they write why the coins can't be spent?

edit: I found the reason somewhere else.

Quote
....
So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again.
....

I read the above and still don't get the problem. What type of address was needed before sending to Bech32 and why was it unspendable? And how can it be unspendable if it is sent back to the company's wallet and thus "proves" it's an inside job?


My explanation, but I'm not an expert: I think bech32 needs a segwit source address to work. The transaction went from a legacy address to the bech32 address and a second destination, a legacy address. The coins from the second destination were sent back.