Post
Topic
Board Bitcoin Discussion
Re: 2.62x BTC dumped to legacy address of Genesis block
by
Felicity_Tide
on 14/03/2025, 21:14:50 UTC
Despite numerous daily dust or sometimes a few thousand sats dumped to the legacy address of the Genesis block, today some entity transfered a whopping 2.6236284BTC as "donation" to address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, or whatever the intention was for such an amount.

Tx: 416fcc3f798e9c264384f7c6e2d9db459b4c1d84d4f13c7fcc6e673b7753fcc6

I've a hard time not to judge such a sort of obscene transaction. How much good could've been done with such an amount in many countries of this world?

I don't get it why people do this, be it countless small and the few huge amounts of recent time. The "countless" small dust coins bloat the UTXO set, the larger or huge transfers are what exactly? A show off of the filthy rich? I don't know... what's your opinion?


I don't think it's a "showoff by the filthy rich" since the people sending it are not publicly known in the first place. You have a point though. Those massive amounts would definitely go a long way if actually donated, but I guess every individual does what pleases them with their wealth.

I think the same reason why people transfer dust to that address might also be why others transfer massive amounts. Maybe seeing their 2 BTC or whatever amount in the genesis address feels cool to them, but certainly not to everyone. IMO, those massive donations would have gone a long way in terms of donation, but we can't really talk people into what they don't intend to do.