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Topic: How to time-lock your coins with the new Schedule an email (gmail) to send later - page 2. (Read 237 times)

legendary
Activity: 1122
Merit: 1017
ASMR El Salvador
Why not just sign a transaction funding an address I own from an address that I'll get rid of later and make that spendable after a certain block? That way, I'll keep my signed transaction and the private key of the funded address without having to worry about third-party failures.

Simply, gently, decentralized-ly.

Yeah, you are probably right. Anyway, just an idea...
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Why not just sign a transaction funding an address I own from an address that I'll get rid of later and make that spendable after a certain block? That way, I'll keep my signed transaction and the private key of the funded address without having to worry about third-party failures.

Simply, gently, decentralized-ly.
legendary
Activity: 1122
Merit: 1017
ASMR El Salvador
You can use a conventional time-locking third-party as well. It is unlikely that both gmail and the third party time-locking service both fail.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
You blame Gmail, I guess...

But, I don't want to blame anyone. I just want my money back.  Undecided
legendary
Activity: 1122
Merit: 1017
ASMR El Salvador
And what happens if the email never arrives?

You blame Gmail, I guess...
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
And what happens if the email never arrives?

Or an even fascinating scenario: What happens if Google decided to not allow you login in any of the two accounts?
legendary
Activity: 1122
Merit: 1017
ASMR El Salvador
Here is a simple way to time-lock your coins so that you can only spend them at a future date:

1) Create a new gmail account.
2) Create a paper wallet and load it with the coins that you want to time-lock. Use BIP38 and make sure you will be able to remember the password later,
at the future date.
3) Change the gmail account password to a random password. Don't write down that random password anywhere except in the following step, 4).
4) Schedule an email to be sent a future date (it's a new gmail feature to be able to schedule emails to be sent at a future date). In that email attach the BIB38 paper wallet for which you know the password and the gmail account random password, that you will not keep or write down except in this specific place.

You will receive in the future date the paper wallet with BIP38 for which you know the password and also the password for the email account that you created for this so that you can use it again. Since you don't write down the gmail password: you will need to receive the scheduled email to be able to know the gmail password again of the gmail account you created for this time-locking.

What do you think? Any questions?

- remotemass
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