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?
