Can Satoshi burn all his Bitcoin?

I have been looking through mempool and it looks like each coinbase includes the transaction fees as newly minted coins, not as actual transactions to a miner. Is that correct? Are these in fact new coins?

Thus would it be theoretically possible to destroy essentially all your utxos and burn your coins by setting them as the transaction fee?

I imagine it could be possible that Satoshi or early Bitcoiners could send “gifted” transaction fees to effectively keep the block subsidy going or even eliminate their coins completely.

Fees are added onto the coinbase transaction: Coinbase Transaction (

1 Like