What’s the point of Bitcoin eaters?

I see some bitcoin documentation sites reference dummy addresses like “1bitcoinEaterAddressDontSend32425663” or something made up like that. I’d assume it’s just so people reading the docs won’t try to “tip” the writer and send to a foobar address that was made up for the sake of example.

That said, I find addresses under this schema that actually have quite a bit of bitcoins in them. Like hundreds of transactions+ and thousands of USD worth (circa 2016 for future readers).

Here is an example (1BitcoinEaterAddressDontSendf59kuE): https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE

Who are these people sending money here, what’s the point? Can anyone shed some light, lol.

Recent Questions – Bitcoin Stack Exchange

Alex B.: “Back before the block size limit debate was even relevant, @gwern hit the nail on the head. Features are secondary, resilience sine qua non.” [‘Bitcoin’s greatest virtue is not its deflation, nor its microtransactions, but its viral distributed nature; it can wait for its opportunity.’]

Alex B.: "Back before the block size limit debate was even relevant, @gwern hit the nail on the head. Features are secondary, resilience sine qua non." ['Bitcoin’s greatest virtue is not its deflation, nor its microtransactions, but its viral distributed nature; it can wait for its opportunity.'] submitted by /u/eragmus
[link] [comments]

Bitcoin

How to install Electrum wallet in an offline Linux computer?

So I want to play with the Electrum wallet, but as Cold Storage.

Then what I plan to do is to install a raw Ubuntu 16.04 LTS into a computer “A” which I will never plug to the internet.

So, with computer “B” that has internet connection, I first download all dependencies of electrum from apt guided by this related answer:

sudo apt-get --print-uris --yes -d --reinstall install python-qt4 python-pip $  (sudo apt-cache depends yourpackage | grep "  Depends:" |  sed 's/  Depends://' | sed ':a;N;$  !ba;s/\n//g') | grep ^\' | cut -d\' -f2 >downloads.list wget --input-file downloads.list 

Now I download Electrum’s tar.gz file. The last version when writing this is:

wget https://download.electrum.org/2.7.12/Electrum-2.7.12.tar.gz 

Then I download its pip dependencies:

pip download Electrum-2.7.12.tar.gz 

Now I copy all the files to a USB disk and then from this disk, to computer A.

And I run:

sudo dpkg --install *.deb sudo pip install Electrum-2.7.12.tar.gz 

However, the second command fails. It seems that even if I downloaded its pip dependencies, it doesn’t pick them up and still tries to connect to the internet.

How to go on here then?

Recent Questions – Bitcoin Stack Exchange