How do court orders deal with time lock transactions?

Shymaa-Arafat

full member

Activity: 228

Merit: 156

I mean in a situation like this
(from lec15, MIT 4/2018)

Quote

revokable tx
Commit Tx (held by Bob)
Input:
fund txid
Alice's signature

Output:
-Alice address 2 coins

-Bob key & 100 blocks
or Alice & BobR key
8 coins

Now the court has frobiden Alice from using her account,
If she doesn't, Bob will take the 8 coins
.
In this situation as an example, or in any other situation where HTLC is used and the possession of coins depends on time
.
Do courts understand that and facilitate say Alice taking what is hers (spend it in Bitcoin sense, even if she can't really spend it in money sense)?

PrimeNumber7

copper member

Activity: 1652

Merit: 1901

Amazon Prime Member #7

If you need to access coin before a nTimeLock has expired, you will be unable to access said coin without the corporation of the other party (specifically regarding a closing LN transaction).

If a court has jurisdiction over the other party, the court may (attempt to) compel the other party to corporate in closing a LN channel. Without access to the subject private keys, there is no guarantee this will actually happen. In other words, the court can threaten the other party with arrest, or other sanctions if the other party does not corporate, and can direct law enforcement to attempt to gain access to private keys by force, but a court order alone will not allow coin to be spent.

The twitter thread you are referring to appears to be in regards to coin held in a coinbase account. This is similar to someone trying to access money in their bank account.

Shymaa-Arafat

full member

Activity: 228

Merit: 156

I started wondering about this since I read this thread
https://mobile.twitter.com/innercitypress/status/1417546497156071428
I know it is about Ethereum, but this when I was studying the HTLC and side channels, lightning networks,...etc
There is a lot depending on time, what if there's a court order and Bob needs to spend his coins before the time Alice retains it?

Are there regulations that handle that???
.
Ps.
If this topic belongs to another group feel free to move it, but my point is although this is about law it's related and more understandable by developers/ Computer Science/Engineering
Those different versions of TXs in the side chain that only one of them gets broadcasted to the Bitcoin Blockchain, what if something happened in the middle of the process?

I remember when hearing the lecture, he wants from software start up after failure with backups that broadcasts older versions and u lose ur money.
I guess this could be even worse, if they don't understand the necessity of you like logging in and do something.

Topic: How do court orders deal with time lock transactions? (Read 110 times)