The user definitely has a thing against Islamic Revolutionary Guard Corps.
I don't think the fee was a mistake too. Deliberate. Checked if there was any OP return data
But I guess the address name itself has sent a message already.
That's the thing, but like they say
Value is subjective.
The sender considered this movement as more valuable than engaging other uses for the coins.

DE structuring the address, it shows a direct connection to Iran - Israel war and the sender is relating a provocative message to the RGC fighters which he referred to as terrorists in his message.

further DE structure in my own understanding is Fucking RGC Terrorists no bite the other suffixes is a completion and the 1 prefix is a requirement to start a BTC wallet address.

what does RGC mean:
The IRGC is an armed force charged with defending Iran’s regime. The IRGC is composed of ground, naval, and air forces; an internal security militia (the Basij); and an external operations force, the IRGC–Qods Force (IRGC-QF).

The IRGC-QF is one of the Iranian regime’s primary organizations responsible for conducting covert lethal activities outside Iran, including asymmetric and terrorist operations. Iran views terrorism as a tool to deter and counter its perceived foes, assert leadership over Shia Muslims worldwide, and project power in the Middle East.
https://www.dni.gov/nctc/terrorist_groups/irgc.html#:~:text=The%20IRGC%20is%20an%20armed,Force%20(IRGC%2DQF).


 

You can reference to this thread
https://bt.irlbtc.com/view/5112311.0

You can generate it offline to generate the addresses and private keys securely.

There's online version https://joshua-zou.github.io/vanity-btc/, but I cannot recommend it since your private keys can be leaked out Unless you're just testing out the waters.

It sure takes a good computational power and hardware to generate. I'm still in generating mine for over 30 minutes with my device now without success. I'll update my reply when I succeed.

This is where It gets confusing to me since the private key and public key should be shown to the person who generated them, unless they choose to discard them.

Vanity addresses are also compatible with some wallets like Electrum, Bitcoin core, ledger, treasure, Blue wallet others. You can just import it there.

People have various ways to express their dissatisfaction or happiness, I think this is just one way someone wants to show their attitude towards what is currently happening in the world. That person obviously has enough BTC to do what he's doing, and who can say it's a burn address?

Let's remember that early adopters had the opportunity to mine with their personal computers and that the reward per block was as much as 50 BTC, and that there are still people who keep their BTC from that time. 18 or 180 BTC is a small amount for some people today, although for most it represents a lot of money. Don't worry too much about things you have no influence over, and that don't concern you personally.

If some wallets are able to send funds to this address, then the corresponding checksum must be valid which implies that someone has access to the correct private-public key pair. It’s virtually impossible to blindly create the vanity address with a matching checksum by chance. Interesting development -$48M Israeli-Linked Hack. Could these two events be related? ^{State rocks} .

So from the information from the telegram link you share, a pro Israel hacker group by name Gonjeshke Darande are taking responsibility of the hack to that tones of millions from Nobitex. It's both a cold war and direct military engagements from Israel.

Doesn't this has a tendency of creating a demand supply shift in bitcoin? Cos from my little knowledge about burned coins, such could lead to high scarcity in the coins circulation.

A group called “Predatory Sparrow” hacked Nobitex (Iran’s biggest crypto exchange), stole upwards of $80 million across chains, and then burned it (yes, destroyed) right into these addresses:

1FuckiRGCTerroristsNoBiTEXXXaAovLX
TKFuckiRGCTerroristsNoBiTEXy2r7mNX
DFuckiRGCTerroristsNoBiTEXXXWLW65t
0xffFFfFFffFFffFfFffFFfFfFfFFFFfFfFFFFDead

Why burn it? To prove a point. They wanted everyone (especially Iran’s regime) to see the loot go up in smoke, make the loss as public and permanent as possible. It’s a costly signal. That fee is not an accident either. When you want your message mined now (and want everyone to know you can pay whatever it takes), you overpay. Could it have gone to better use? That’s debatable. But the permanence and spectacle of an on-chain burn like this makes sure no regime spin-doctor or internet censor can erase the message

So, hackers hacked this Iranian exchanged and burned these Bitcoins and probably will be followed by more money to burn by them. This is a protest done by them. While there's a positive impact to the BTC economy through this because those are gone forever, I feel bad for the innocent users who have deposited on that exchange because it could be their money. And we'll see how this develops and how that exchange will look after it or if they'll refund the users fund.

This is not a real vanity address where the private key is actually known, because we don't have enough energy and time in this solar system to find a private key that gives you such a public address.

Therefore you can call it a burner address like e.g. 1BitcoinEaterAddressDontSendf59kuE

 

You can generate such fake vanity addresses almost instantly, correct length as required by legacy address format, and then just compute the checksum of the address which is usually the last 6 characters of a legacy address. I'm sure there are tools to do it. No electrons were harmed to try to compute an appropriate private key, not even a public key is known for it...

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I didn't know about this hacked Iranian exchange. I think, it's likely that some state actors might be involved here, when it proves that stolen coins were "burned" for this "statement" address. Who else than state sponsored hackers would waste such an amount of stolen coins, unless there are some filthy rich anti-IRGC sponsors involved.

Today I learned, 19 Bitcoins are worth almost two million Dollars.  I do not know how and why but I did not expect this to be the case.

It is insane how in only a matter of clicks an amount that could change MANY lives significantly for the better has been burnt to an address they will likely never be recovered from.  Protest or not, this is truly insane.  You would think some body who gets access to it, even if hacked, would store it for themselves.