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A comment on Did I just lose half a million dollars?. Parent comment

Re:Did I just lose half a million dollars? by noduerme on Sunday January 30, 2022 @05:16AM (#30135578)
Yeah. Even in the original bitcoind API you would run a validation call on the address and the spend before actually committing it. Afaik you couldn't accidentally send coins into a black hole even if you tried.
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Re:Did I just lose half a million dollars? by riffraff on Sunday January 30, 2022 @06:27AM (#30136048)
I think the address was valid, the problem is that there is no way of getting the coins out of it.

The same thing was done on the bitcoin chain, e.g. counterparty[0] was relying on a "proof of burn" which was basically "Send BTC to a black hole".

[0] https://counterparty.io/docs/faq-xcp/

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Re:Did I just lose half a million dollars? by noduerme on Sunday January 30, 2022 @07:25AM (#30136546)
If no one ever moved coins out of their burn addresses I'll eat my socks.
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Re:Did I just lose half a million dollars? by uxp100 on Sunday January 30, 2022 @09:04AM (#30137282)
Uh, do you really like socks that much? I think this is something very easy to verify, just look at the burn address on the chain?
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Re:Did I just lose half a million dollars? by GaylordTuring on Sunday January 30, 2022 @11:40AM (#30138612)
Just monitor this address then and let me know if anyone moves anything out of it :) https://etherscan.io/address/0x00000000000000000000000000000...
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