Comment on Proof of Existence: Storing Hashed Files in the Bitcoin Block ChainparentComments−pja12yThe transaction in question sends some fraction of BTC to an address which is not the hash of an extant BTC wallet.Thus no one can ever spend those BTC ever again, they exist in BTC limbo, attached to a notional wallet that (probably) exists but can never be found.
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The transaction in question sends some fraction of BTC to an address which is not the hash of an extant BTC wallet.
Thus no one can ever spend those BTC ever again, they exist in BTC limbo, attached to a notional wallet that (probably) exists but can never be found.