how is this address generated

[HoferBit]

how is this address generated
bc1p000022222333333444444455555555666666666999999999zz9qzagays

[franky1]

how is this address generated
bc1p000022222333333444444455555555666666666999999999zz9qzagays

its not generated from a private key. someone just made up a bunch of random numbers in the form of a public address..
these are known as "burn addresses" where they are soo non random on the public address that the odd of someone having a private key for it are so negligible that its deemed there was no private key for it. thus anyone that wants to make some btc unspendable and taken out of circulation, can send them to addresses like this so that they can never be spent again

[HoferBit]

how is this address generated
bc1p000022222333333444444455555555666666666999999999zz9qzagays

its not generated from a private key. someone just made up a bunch of random numbers in the form of a public address..
these are known as "burn addresses" where they are soo non random on the public address that the odd of someone having a private key for it are so negligible that its deemed there was no private key for it. thus anyone that wants to make some btc unspendable and taken out of circulation, can send them to addresses like this so that they can never be spent again

i think this address is a fancy address, i want to know how hard to generate an address like this.

[franky1]

how is this address generated
bc1p000022222333333444444455555555666666666999999999zz9qzagays

its not generated from a private key. someone just made up a bunch of random numbers in the form of a public address..
these are known as "burn addresses" where they are soo non random on the public address that the odd of someone having a private key for it are so negligible that its deemed there was no private key for it. thus anyone that wants to make some btc unspendable and taken out of circulation, can send them to addresses like this so that they can never be spent again

i think this address is a fancy address, i want to know how hard to generate an address like this.

you dont generate an address like this with such precision numerically from a private key via a vanity-gen address process.. even if you owned all specialist devices to do vanity-gen address bruting, it would take you a millenia to get such a address like this via private key brute forcing..

it is instead not a vanity address with valid private key associated with it.. its a burn address made by just choosing your own numbers to use as a public address.. but this does not come with a private key to then spend the funds received

..
what it appears to be happening is some idiot is now trying to bloat up the UTXOset with dead sats by making alot of burn addresses to throw 0.0005 amounts into, that will never move again

[HoferBit]

how is this address generated
bc1p000022222333333444444455555555666666666999999999zz9qzagays

its not generated from a private key. someone just made up a bunch of random numbers in the form of a public address..
these are known as "burn addresses" where they are soo non random on the public address that the odd of someone having a private key for it are so negligible that its deemed there was no private key for it. thus anyone that wants to make some btc unspendable and taken out of circulation, can send them to addresses like this so that they can never be spent again

i think this address is a fancy address, i want to know how hard to generate an address like this.

you dont generate an address like this with such precision numerically from a private key via a vanity-gen address process.. even if you owned all specialist devices to do vanity-gen address bruting, it would take you a millenia to get such a address like this via private key brute forcing..

it is instead not a vanity address with valid private key associated with it.. its a burn address made by just choosing your own numbers to use as a public address.. but this does not come with a private key to then spend the funds received

..
what it appears to be happening is some idiot is now trying to bloat up the UTXOset with dead sats by making alot of burn addresses to throw 0.0005 amounts into, that will never move again

if i try to bloat up UTXO set, i would throw ‎0.00000546BTC rather than 0.0005

[mocacinno]

Just to append to the answer already given: it's so easy anybody can do it... Here's an online site that lets you generate burn addresses: http://gobittest.appspot.com/ProofOfBurn

Just be carefull, it's a BURN address... if you fund this address, those unspent outputs are burnt... You cannot rescue or retrieve them in any way.

[franky1]

if i try to bloat up UTXO set, i would throw ‎0.00000546BTC rather than 0.0005

and you think these idiots doing these idiot things are smart enough to do smarter options.. nah..

in short burning coins does not affect scarcity to affect market prices. so effectively all it does is add more dead data to the UTXOset. and they are idiots in their method of doing such



if they are under the flawed presumptions* that if they keep burning small $14 amounts(rather than $0.11 amounts you allude to) then it will make their hoarded mainstash amounts worth more.. but they do not understand how the real economics work

*('burn theory of tightening scarcity')

but as i said if their game is not about scarcity and instead about utxoset bloat.  they are idiots because yes an effective thing would be to have 100x more output burns per spend of even smaller values each.. but remember they are idiots