Someone just sent 26 BTC to genesis block address

[ultrloa]

I remember earlier times of the forum when some Bitcoin haters do that. They thought they can kill Bitcoin by burning coins.
Burning Bitcoin wasn't very costly back then, given the prices of the time. However, it's not wise to make this move now. It's very likely that it was an erroneous transaction.

If Bitcoin haters still has plans to do this right now I think they are just killing themselves and just making value to every Bitcoin hodlers wallet. 😅 Good backfire actually.

Maybe that was just a birthday gift from someone for reaching another level of survival of Bitcoin. That gift benefits us all who hodl Bitcoin.

They need a lot of money to do that and if they just throw that money then they are only hurting their selves financially since no people would buy what they are doing. IF they could just sell that on exchange and cash out for sure there's a lot things to use that. But if they really intentionally do that then they must be totally crazy for thinking that they can influence people for doing the same action just what they did.

But anyways I'm still doubting if the owner do that intentionally and I maybe believe that that is mistakenly sent since no insane people will burn his $1m" worth of money just because they don't like to have it.

[BlackHatCoiner]

(source)

Could it be some sort of Ordinal rarity nonsense? Like issuing Ordinals which fund Satoshi, and have a leaderboard with high scores, I don't know. Honestly, sending 26 bitcoin to Satoshi seems too stupid to have happened deliberately.

Burning Bitcoin? For what purpose?

Technically, it is not burned. Satoshi (or whoever owns the address) can spend that output.

[fillippone]

Just a silly question.
If this is the "genesis block address", why I don't see the coinbase? I would have expected to se at least 50 BTC on that address, but I can see barely 50, after this 26 BTC sent.
And On the Genesis block, I can't see this transaction... Is this because it's the same private key, but a different public key format?  Public key/ compressed public key difference?

[God bless u]

https://mempool.space/tx/d7db4f96a4059c8906b953677ce533493d7b9da0f854a21b99f5772910dd0a31



So... People are still burning BTC, that's nice
Or was it a $1 150 455 mistake?

“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.”

It is most likely a mistake. I don't think anyone would deliberately burn that much Bitcoin. (normal persons wouldn't burn any amount) now question is how could someone does such a huge mistake.

I feel like this is a wallet error for whatever he uses. Just like on past issue on ETH wallets or smart contracts (forgot what wallet it is) that automatically sends ETH to burn address if the user forgot to put a wallet address on the address box.
Because there's no one in his right mind to send such amount, it's not even a donation for a charity cause but just dump his money forever. Lol.

Bitcoin wallets don't run on smart contracts like ethereum. so I don't think it can be a wallet error.
I can think of some kind of clip board maleware. where you copy your address but it'll change to another one when you paste it. hackers use this method to steal people money.

[cryptoaddictchie]

Seems like the funds came from an address that is very involved with ordinals:
https://ordiscan.com/address/bc1qlccksaaehjkdv4tgf032pvx8n76uhazqt4rgy70y4drmqwh5espqwx89f9

Well if this is true then anythings possible. Those ordinal guys or developers are really have ablot of funds to make this scheme and probabll will do another hype thing around that 26 bitcoin sent. Somehow I began to think that they are sending a message about what they did. Pretty sure its not an error as the guy sent from Binance is probably aware of what he is doing. He targeted Satoshi Address for a reason.

[so98nn]

Oh G man, and here we are working around the clock to make some decent money with hard work and feed the family. Look at this guy, making fun of us and saying us poor in 999 different languages. Isn't it? If they want to donate or burn Bitcoin then why peeps dont send it to others? Maybe bless friends or family or just donate the money to charity or maybe give it to random peeps. But why the hell go and burn the Bitcoins out of hate. If this was a mistake then I am pretty sure they were drunk asf. Lolz. But who just randomly go to their wallets and send away millions to genesis address, isn't thats little spammy?

[hyudien]

Seems like the funds came from an address that is very involved with ordinals:
https://ordiscan.com/address/bc1qlccksaaehjkdv4tgf032pvx8n76uhazqt4rgy70y4drmqwh5espqwx89f9

Based on the source, the screenshot from @Eljaboom on the X platform was made from the Binance exchange address

https://twitter.com/Eljaboom/status/1743505392787730899

Maybe this is a good sign that this year will be a historic year. It is possible that I am sure that by sending such a large amount the person wants to give us a message. It's just that this is my personal assumption but in essence I'm quite optimistic ± 27 BTC with the current price range we could relate it to the price of the upcoming Bitcoin Halving, for example $100K more.

[hosseinimr93]

If this is the "genesis block address", why I don't see the coinbase? I would have expected to se at least 50 BTC on that address, but I can see barely 50, after this 26 BTC sent.

Mempool.space doesn't show the 50 BTC generated in genesis block as the balance of 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa and there can be two reasons for that.

• The 50 BTC generated in genesis block is not spendable.
• The 50 BTC was paid to the public key associated with that address, not the address itself.

There are explorers that show that 50 BTC in transaction history of that address. A good example is blockchair.com.

Blockchair.com and many other explorers display P2PK transactions in the history of the address derived from the public key, but mempool.space doesn't do that.

[paid2]

Mempool.space does not show pre-2013 transactions IIRC

edit: Thank you hoessinimr93! After posting this message I went on mempool.space and saw I was wrong. I only use mempool.space for quick balance checking/pending transactions, as i use my node, and I don't know why I was thinking this 2013 stuff, maybe bad memory / brain fart

[hosseinimr93]

Mempool.space does not show transactions pre-2013 IIRC

They have the entire blockchain and show all transactions.

Here is the the transaction generating 50 BTC in genesis block on mempool.space.
4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b

As you can see in the above link, the transaction is P2PK and the 50 BTC has been paid to the public key.
As I said in my previous post, mempool.space doesn't show P2PK transactions in history of addresses.

[FatFork]

This could possibly have some connection to my involuntary hobby-horse.

what if i told you ayres knows CSW is not satoshi, but wants to keep the rouse alive because he had invested so much into CSW in earlier years
<snip>

I kind of like the sound of that... Ayre wasting his own money to indirectly make our stash a little more valuable.   

[DaCryptoRaccoon]

Is there a possibility that market makers (MMs) are manipulating the Bitcoin SV (BSV)/Bitcoin (BTC) pairs on the OKX exchange? It appears unusual that the BSV/BTC pair on OKX is experiencing movements that result in selling pressure. Could it be that MMs are extracting BTC from these transactions and then 'burning' it?

My hypothesis is that this activity originates from within the exchange. The pattern seems to be: the market is artificially pumped, which excites MMs. These MMs then add BTC to their trading pairs. Subsequently, the manipulators withdraw the BTC from these market makers and deliberately decrease the price. Intriguingly, this BTC doesn't seem to re-enter the market. Instead, it might be destroyed or used for other purposes, such as spamming the network with low-value transactions, referred to as 'shitpegs.'



I think there is more to this than meets the eye. 

[m2017]

So... People are still burning BTC, that's nice
Or was it a $1 150 455 mistake?

“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.”

26BTC is not 260,000BTC. Considering the total limit of bitcoin is 21 mln., then these 26 BTC are a drop in the ocean. Yes, this will make the coins remaining in circulation slightly more valuable (a couple of bucks?), but the impact will be almost unnoticeable.

26 BTC is a lot of money for one user, but completely insignificant for the entire BTC-system.

It's very likely that it was an erroneous transaction.

Write the erroneous address, erroneously click the “send transaction” button, erroneously click “yes” to the question “do you really want to send 26 BTC to the genesis block address?”?

Is it too much of a erroneously erroneous?

[OpaMunze]

This could possibly have some connection to my involuntary hobby-horse.

what if i told you ayres knows CSW is not satoshi

I still dont get why Ayre would play along with all of this... the only end game I see is Ayre holding BSV hostage and nChain and its 'patents' leaving Creag bankrupt (he already says he owns no assets)

[bayu7adi]

It is most likely a mistake. I don't think anyone would deliberately burn that much Bitcoin. (normal persons wouldn't burn any amount) now question is how could someone does such a huge mistake.

they were aware and intentionally did it..... if that amount meant a lot to someone, they should have at least double-checked the destination address. In this context, I think maybe he donated 1 million dollars because they might have won a jackpot of 42 million dollars. No one knows the reason behind it and where the money came from, so once the transaction is confirmed, it means the transaction is legitimate.

Don't worry... someone reducing the supply and circulation of Bitcoin will benefit you as a BTC hodler. It's a bit fairer in general.

[Rikafip]

So... People are still burning BTC, that's nice
Or was it a $1 150 455 mistake?

Or maybe Satoshi decided to buy more bitcoins as he know that bull run is near.

Joke aside, I seriously doubts that's a mistake and whoever did it probably has an ulterior motive for doing it, rather than just burning 26 BTC.

[Lucius]

~snip~
Joke aside, I seriously doubts that's a mistake and whoever did it probably has an ulterior motive for doing it, rather than just burning 26 BTC.

What @gmaxwell wrote in his post makes sense, because it is not only CW Faketoshi who has already become a pathological liar, but all his sponsors are also infected with these lies. But when you are powerful enough and have a lot of money, you can claim whatever you want, especially that you are Satoshi Nakamoto, who cannot or does not want to defend himself against it.

However, I wouldn't completely rule out the possibility that someone who has a lot of Bitcoin because they bought it cheap or even mined it in the early days just wants their five minutes of fame.

[stompix]

Seems like the funds came from an address that is very involved with ordinals:
https://ordiscan.com/address/bc1qlccksaaehjkdv4tgf032pvx8n76uhazqt4rgy70y4drmqwh5espqwx89f9

It's an exchange, seriously stop the witch hunt!

That address history
https://bitinfocharts.com/bitcoin/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
Almost 100 BTC burned in this address that is a big donation to everyone.

It more like 50 BTC bitinfocharts shows the full balance, including the 50 unspendable BTC Satoshi generated.
But since you can can also say that he burned himself those by mistake, yeah one might count them too.

Based on the source, the screenshot from @Eljaboom on the X platform was made from the Binance exchange address
https://twitter.com/Eljaboom/status/1743505392787730899

Some say it's okx.
https://bitinfocharts.com/bitcoin/address/bc1qlccksaaehjkdv4tgf032pvx8n76uhazqt4rgy70y4drmqwh5espqwx89f9

[DooMAD]

Wouldn't it be funny if Ayre paid Satoshi's address as part of an effort to force Wright to use it?

I genuinely hope this turns out to be true.  It would likely signify the end of their cooperation and a tremendously weakened and fiscally-hobbled Faketoshi going forward.  Because clearly there is absolutely no way in hell he's accessing the BTC in that address.

Fingers crossed.  Although, given that several block explorers seem to suggest the funds are from an exchange, odds seem slim.  Ayre using a SegWit address seems comical to me, somehow. 

[philipma1957]

https://blockchair.com/bitcoin/address/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX

isn’t this first block