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Questions tagged [destroy-bitcoins]

Sending bitcoin to a valid address for which no private key is currently known and become unattainable.

34
votes
7answers
14k views

How to generate a valid bitcoin address for destroying bitcoins?

(Following up to this question.) In order to put a bitcoin beyond use, the answer was to select a made up address. As this isn't a formal destruction of bitcoins, there's a risk that the private keys ...
24
votes
6answers
3k views

Can a bitcoin be destroyed?

Its the hypothetical future and BTC2 is being designed. Everyone loves BTC2 and no-one wants the old BTC1 any more. People who have BTC1 would be annoyed that their assets are suddently worth a lot ...
1
vote
1answer
894 views

How would I generate a valid vanity address for destroying coins?

I want to generate very long vanity addresses, with the relaxed constraint that I don't need the corresponding private key, they only need to be valid Bitcoin addresses. How would I do this? Example: ...
11
votes
4answers
3k views

Why destroy bitcoins?

I keep seeing references to destroying bitcoins by sending them to addresses that nobody can own (e.g., addresses derived from impossible public keys). What would be the reason for doing this? It's ...
4
votes
3answers
2k views

Is there an open source tool to publicly destroy bitcoins?

Several interesting applications of bitcoins involve a scenario where they are intentionally "destroyed". Is there an open source tool that can be used to destroy bitcoins? And if so, is it possible ...
4
votes
2answers
158 views

Probablity that a Bitcoin has been Lost

I am building some new metrics to better understand the Bitcoin economy and one that seems to be useful is a probabilistic notion that a Bitcoin has been lost. I'm aware of the bitcoin days destroyed, ...