Post
Topic
Board Bitcoin Discussion
Re: Why would someone send 4 BTC to Satoshi (Genesis block)
by
m2017
on 13/01/2023, 17:14:52 UTC
Just wondering why someone would send 4BTC to the Genesis block which is over $75K.

Here is the transaction
https://www.blockchain.com/explorer/transactions/btc/6805b175260c47549995c3ff19c3c51596651c26269e9f1b31c243986433a0b7

I understand many want to send a small amount so they can get a piece of history on the block chain but sending over $75K which is pretty much a burn address since most likely it will never get spent is kind of crazy.

Why do you think they did this?
Well. This transaction took place quite recently - a few days ago. I assumed that perhaps this happened many years ago, but I was wrong. Checking blockchain confirmed that the amount of 75k$ was sent recently.


That should not be a mistake but to burn it. Every bitcoin burned adds its value to the remaining coins in circulation.
I had a similar thought and the person who sent 4BTC can afford to donate that amount. In fact, he definitely managed to burn it, and these 4BTC can certainly be deleted from the general circulation of bitcoin.

To me this doesn't seem like a mistake, but rather a deliberate action. It is impossible to say exactly who and why did it.

Proponents of amazing theories may say that it is OP who sends btc to himself from other addresses. Smiley But this is impossible.