Re: [ANN] VETHER: A STRICTLY-SCARCE ETHEREUM-BASED ASSET

Check this address: https://etherscan.io/tokentxns?a=0x0111011001100001011011000111010101100101
If you look at the last tx you will see that this guy controls the address.
No eth is burned. It's just going into his pocket.

Take another look at that address. Know anything about keypair generation? If somebody is in control of that address, they need to be awarded the Fields medal.

For fun, go try to generate a keypair with just the first 8 bytes consisting of nothing but ones and zeros. Let us know how it goes.

So you are saying the ETH is actually burnt?

To burn ether just means to send it to the genesis address. But that address does not work with uniswap so Vether would not have worked properly with uniswap. That's why he changed it to this address. If you convert the address from binary to ascii it just spells value. It's just an arbitrarily chosen address that no one will ever own. Just like the genesis address. You can read more about that here: https://ethereum.stackexchange.com/questions/52908/who-has-access-to-ethereum-0x0000000000000000000000000000000000000000-address