--snip--
so you're saying that there are a bunch of idiots sending money to the pit knowing the money is gone forever?
strange as this might sound, yes, that's what happening.
Then again, why the fuck do they want to burn money for nothing?
There are some reasons sometimes... For example there's counterparty:
https://counterparty.io/news/why-proof-of-burn/And you also have to realise 1 BTC wasn't always equal to $20.000. There were times a bitcoin was only worth a couple of cents. At this time people might have done stuff like this just because they felt like it.