I have been analyzing bitcoin addresses recently, specifically Satoshi's wallet address on block 0 and I found that a whale blew $1.2 million worth of Bitcoin to Satoshi's dead wallet in 2024 Knowing that Satoshi's Bitcoin will likely never be recovered or moved, why do people keep literally burning millions into the void??.. TF??
Satoshi's Genesis wallet receives almost $400-$500 worth of Bitcoin every year (probably more). In fact, it received 270 dust attacks totaling $109 in BTC just from people messing around.
Is this a massive digital sacrifice (coins in a wishing well)? A weird tax write-off? Or a "proof of burn" for a shady deal?
What do you guys think?
https://www.reddit.com/gallery/1s2jv1i
Posted by Realistic_Pizza4178
2 Comments
That I never found that famous satoshi wallet that is used in these bizzare calculations if bitcoin goes to xx dollars satoshi will be the richest person on earth.
Peter Todd burned the keys for plausible deniability.