Lost Forever: 26.04 BTC Burned In 2016

[Dudeperfect]

Last October a website called BTCBurns.cf identified 397 burn addresses containing 2,657.8686 BTC lost forever. It has gone offline. Since it stopped keeping track 26.04 additional bitcoins have been sent to these addresses.

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

That’s really painful part that we are destroying bitcoins. I always believed that there are some better ways to avoid processes like proof of burn. Even if such activities are increasing the values of remaining bitcoins, I don’t think that it is a wise idea to use it. Bitcoin is in initial phase and we shouldn't do something that might affect the future such as destruction.

Destroying Bitcoin is NOT Acceptable

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[sunsilk]

Last October a website called BTCBurns.cf identified 397 burn addresses containing 2,657.8686 BTC lost forever. It has gone offline. Since it stopped keeping track 26.04 additional bitcoins have been sent to these addresses.

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

For sure that those bitcoins are lost forever. I'm a bit curious why another 26.04 BTC will be sent to those addresses, what a burner wasting big amount of money.

2,771.4086BTC is already a big amount of bitcoin but I guess if someone is keep on sending on those addresses, it has something to do with pump.

So that the total supply of bitcoin is going to be lesser.

[Redrose]

My big question is how do they know that this is a burning address ? Unless this is stated in the address' public key, I see absolutely no way to identificate them. Anyone has a clue about that ? And beside that, I think that the amount is much bigger that the 2771,4086BTC stated in the second post.

[carlfebz2]

Last October a website called BTCBurns.cf identified 397 burn addresses containing 2,657.8686 BTC lost forever. It has gone offline. Since it stopped keeping track 26.04 additional bitcoins have been sent to these addresses.

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

For sure that those bitcoins are lost forever. I'm a bit curious why another 26.04 BTC will be sent to those addresses, what a burner wasting big amount of money.

2,771.4086BTC is already a big amount of bitcoin but I guess if someone is keep on sending on those addresses, it has something to do with pump.

So that the total supply of bitcoin is going to be lesser.

Supply would be really lesser but 2k bitcoins wouldn't hurt soo much on bitcoins ecosystem but the painful part is that those bitcoin aren't useful already unless if they are being used by the site owner or the person who have access on those funds but if none then those will float only on bitcoin network and cant be spend.Supply would really be lesser and that amount of 26 btc maybe from a user that didn't know that the site goes offline and its really a sad thing because 26 btc is already a lot of money.

[sunsilk]

Last October a website called BTCBurns.cf identified 397 burn addresses containing 2,657.8686 BTC lost forever. It has gone offline. Since it stopped keeping track 26.04 additional bitcoins have been sent to these addresses.

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

For sure that those bitcoins are lost forever. I'm a bit curious why another 26.04 BTC will be sent to those addresses, what a burner wasting big amount of money.

2,771.4086BTC is already a big amount of bitcoin but I guess if someone is keep on sending on those addresses, it has something to do with pump.

So that the total supply of bitcoin is going to be lesser.

Supply would be really lesser but 2k bitcoins wouldn't hurt soo much on bitcoins ecosystem but the painful part is that those bitcoin aren't useful already unless if they are being used by the site owner or the person who have access on those funds but if none then those will float only on bitcoin network and cant be spend.Supply would really be lesser and that amount of 26 btc maybe from a user that didn't know that the site goes offline and its really a sad thing because 26 btc is already a lot of money.

As if we know that there are not only 2k bitcoins are just being burned and totally lost forever and that is has a very big impact in the ecosystem.

And I don't think that those online wallet site owners have the rights to use it unless they will have sometime for restoring those burned coins forever.

Yes it is sad because even though that isn't our bitcoins but still it worth a lot.

[Sithara007]

Since the total number of Bitcoins that can be mined is limited, I have a feeling that these "lost" bitcoins will cause a deflationary effect in the long run. Why can't we destroy these coins and re-generate them from mining?

[aditya6997]

New Burn address tryIT!!!

1NextXE5aM81RejwHbCg3SpwaCstYWUgcm

I lost its pvtkey