You could use timelock encryption to protect your private key (or better the seed for an HD wallet).
https://news.ycombinator.com/item?id=7847687
The example involves public release but it could be used privately as well. If you have a large number of cores you can compute a large number of chains in parallel but to recreate the chain you can only work sequentially.
Topic: A good way to save your bitcoin and not impulse-spend it (Read 1644 times)
Just download a new copy of Bitcoin Core, send your BTC to your new address, then close the application before it can download the blockchain.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
It's funny because this is true
It takes a while for the up to date node to reload all transactions again it can spend the balances you have till the point you closed it though so it's best for new inputs hehe
Haha yeah I've never thought of doing it like that. I'll have to try it.
Just download a new copy of Bitcoin Core, send your BTC to your new address, then close the application before it can download the blockchain.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
It's funny because this is true
It takes a while for the up to date node to reload all transactions again it can spend the balances you have till the point you closed it though so it's best for new inputs hehe
Just download a new copy of Bitcoin Core, send your BTC to your new address, then close the application before it can download the blockchain.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Worst idea ever, what happens if I want that new Red Hot Chilli Peppers album or some Pex Peppers now?!
Lol, I love impulse buying.
Uhm, can't you just transfer your Bitcoin to a paper wallet or hardware wallet, then throw in a safe?
I'd think that would deter even the most impulsive spenders, since they'll have to jump through hoops just to access it.
I'd think that would deter even the most impulsive spenders, since they'll have to jump through hoops just to access it.
if have a lot of btc save in pc who never online with that device
Beyond cold wallets, paper wallets, multisig wallets, split keys and other methods, you can also simple ask someone to hold them for you, or request an escrow for this...
And most importantly, learning how to behave
Some people have real issues about that and don't change because they're afraid to admit their flaw!
And most importantly, learning how to behave
Some people have real issues about that and don't change because they're afraid to admit their flaw! Just download a new copy of Bitcoin Core, send your BTC to your new address, then close the application before it can download the blockchain.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Paper wallet, with the private keys stored in a bank wallet, is just as effective.
Just download a new copy of Bitcoin Core, send your BTC to your new address, then close the application before it can download the blockchain.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Another thing is to work on postponed gratification, even if you do manage to save the coins other times you will have money and spend it needlessly.
Send the BTCs to a paper wallet, and try to don't use them.
Uhh...
Wasn't the point of Bitcoin that people will use it to buy stuff with it?
Advising people to not use their coins is just nonsense.
Saving...money?
At the end in my honest opinion the real purpose of a coin* is spend them and "save" it , but it is not for speculate.
*Cash - money
Send the BTCs to a paper wallet, and try to don't use them.
Uhh...
Wasn't the point of Bitcoin that people will use it to buy stuff with it?
Advising people to not use their coins is just nonsense.
Saving...money?
Send the BTCs to a paper wallet, and try to don't use them.
Uhh...
Wasn't the point of Bitcoin that people will use it to buy stuff with it?
Advising people to not use their coins is just nonsense.
A good way to prevent yourself from spending your bitcoins when you are drunk is to send them to a paper wallet with no QR code. If you can type in all 52 characters, you must be sober.
Or you can give it to Consuela from family guy;
A good way to prevent yourself from spending your bitcoins when you are drunk is to send them to a paper wallet with no QR code. If you can type in all 52 characters, you must be sober.
Just download a new copy of Bitcoin Core, send your BTC to your new address, then close the application before it can download the blockchain.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Then, next time you get the urge to spend that BTC, you'll have to wait about 2 days.
Or you could just store your coins offline and then become too paranoid to even put them back on your computer like I do hehe. Personally I don't like bitcoincore because of the age waiting for the blockchain to download all the time.
Send the BTCs to a paper wallet, and try to don't use them.
You can always dump the private keys and import them somewhere else if you really want to spend the bitcoins without downloading the blockchain.
See, you're already thinking of ways to circumvent your own savings plan.
For the compulsive gambler or addict, of course no risk will seem too great if it will get them their fix. Sure, just email your private keys from your work computer to your home computer. That's the kind of thinking that got Gilligan stuck on the island, and that's how the terrorists win.
Well, you have a lot of time to think about stuff while you're watching the block index number grow.
A watched blockchain never syncs. I always thought that was just a meaningless ancient saying, until I realized that synchronization is a fleeting thing. Much like perfection, sync can only be tasted for a brief moment before inevitably being lost again.
You can always dump the private keys and import them somewhere else if you really want to spend the bitcoins without downloading the blockchain.
See, you're already thinking of ways to circumvent your own savings plan.
For the compulsive gambler or addict, of course no risk will seem too great if it will get them their fix. Sure, just email your private keys from your work computer to your home computer. That's the kind of thinking that got Gilligan stuck on the island, and that's how the terrorists win.
Well, you have a lot of time to think about stuff while you're watching the block index number grow.
You can always dump the private keys and import them somewhere else if you really want to spend the bitcoins without downloading the blockchain.
See, you're already thinking of ways to circumvent your own savings plan.
For the compulsive gambler or addict, of course no risk will seem too great if it will get them their fix. Sure, just email your private keys from your work computer to your home computer. That's the kind of thinking that got Gilligan stuck on the island, and that's how the terrorists win.
You can always dump the private keys and import them somewhere else if you really want to spend the bitcoins without downloading the blockchain.
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