What if you changed your key and locked your wallet
and then used a site like
http://www.futureme.org
to send you the key in a month?
(Of course, if you for some reason can't get the message in a month you no longer have access to your wallet....)
Topic: Is there a way to block my wallet and prevent any withdrawal for a month? (Read 988 times)
July 22, 2016, 12:30:52 PM
July 22, 2016, 12:24:30 PM
I can't really think of any other methods than what is already suggested here.
Have one of your VERY(emphasized it) trusted friend to share one of your private keys from a multi-sig wallet. Have him keep it a secret for a month. That way, you won't be able to spend your coins without your friend's permission.
Have one of your VERY(emphasized it) trusted friend to share one of your private keys from a multi-sig wallet. Have him keep it a secret for a month. That way, you won't be able to spend your coins without your friend's permission.
July 22, 2016, 11:22:10 AM
I know on Coinbase they have a system called a "vault" which can allow for you to put Bitcoin away for a period of time that you want, which completely closes the Bitcoin's accessibility, for whatever time period you would want to set it for. I don't think there is any way to access it earlier even if you really wanted to though, so that might be something you should consider.
Some other desktop wallets also have their own vault systems which put away Bitcoin and make them inaccessible, but I can't remember which ones have it.
interesting but i have no such an idea. i dont think that this may be possible. but may it possible because i am not such an expert person in this field and i have personal experience of this. Some other desktop wallets also have their own vault systems which put away Bitcoin and make them inaccessible, but I can't remember which ones have it.
July 22, 2016, 11:02:39 AM
Was still thinking about this. Why don't you mail yourself the paper wallet? Or have a trusted mail it to you at the end of the month? Essentially, have someone hold it for and send it via post at the designated time? You could probably get an escrow guy here to assist.
July 22, 2016, 10:56:30 AM
Maybe I thought this could be done, but it is the most complicated thing to do. Hacking it happened because they know the weaknesses of the gadget, laptop, or your mobile phone. So if you did want to be safe, then make it private wallet, email, laptop, or mobile phone. I guarantee your BTC will be secure from hacking
July 22, 2016, 10:48:30 AM
I believe people elsewhere are concerned too. Is there a way to lock my wallet so that no one can hack my wallet and take out the money, even myself included. That way, it can be secure and I would be happy from being afraid of scam. Thank you.
the obvious answer is using a cold storage like offline computer, paper wallet, trezor, live linux,... to store your bitcoin and have a good encryption on it.
but what i don't get about your question is the part that i made bold! someone has to do it so that person that makes the cold storage, or wallet has access to it. so even if you ask someone else whom you trust to do it for you then he would have access to your wallet.
although you can use multi signature wallet and give one to that trusted person and have the other yourself, this way you don't have access to the funds without his help.
The other part still can disappear or lose the key in 1 month. Won't be much different from someone else stealing the coins because you will lose them anyway.
One way or another, you would have to trust the other person
Is this something that could be achieved by using CheckLockTimeVerify?
Look at my reply. It will never help against hacking attempts. July 22, 2016, 09:36:41 AM
Why you need those feature? Cant you control youself, discipline about spending your coins? I had a problem in the past that my coins couldnt be stopped into the wallet soo i spend those funds, now i regret a bit that i wasted a lot of bitcoins for no reason almost. I believe you can import your wallet and save the key somewhere trusted and safety this will stop any transaction it may had.
July 22, 2016, 09:28:14 AM
I know on Coinbase they have a system called a "vault" which can allow for you to put Bitcoin away for a period of time that you want, which completely closes the Bitcoin's accessibility, for whatever time period you would want to set it for. I don't think there is any way to access it earlier even if you really wanted to though, so that might be something you should consider.
Some other desktop wallets also have their own vault systems which put away Bitcoin and make them inaccessible, but I can't remember which ones have it.
Some other desktop wallets also have their own vault systems which put away Bitcoin and make them inaccessible, but I can't remember which ones have it.
July 22, 2016, 09:17:10 AM
You can use something like OP_CHECKLOCKTIMEVERIFY, I think this is useful to lock funds until x time has passed, then it unlocks automatically. I don't know how that works. They should add those cool options in the bitcoin core GUI because the console commands are too scary for me.
Thank you for this idea, as I am also asking this question before. It is also applicable to any wallet aside from bitcoin?
I mean to to all altcoin wallet, so that i can lock them also
July 22, 2016, 08:43:44 AM
I would be very interested in seeing some solution for this myself, not really to protect funds from hackers, more to prevent myself from spending them.
It would be very important that it wouldn't be something that's offered through some sort of service that holds your funds or whatever.
And you should also be able to choose for how long you wouldn't be able to move the funds.
Is this something that could be achieved by using CheckLockTimeVerify?
It would be very important that it wouldn't be something that's offered through some sort of service that holds your funds or whatever.
And you should also be able to choose for how long you wouldn't be able to move the funds.
Is this something that could be achieved by using CheckLockTimeVerify?
July 22, 2016, 08:07:59 AM
I believe people elsewhere are concerned too. Is there a way to lock my wallet so that no one can hack my wallet and take out the money, even myself included. That way, it can be secure and I would be happy from being afraid of scam. Thank you.
the obvious answer is using a cold storage like offline computer, paper wallet, trezor, live linux,... to store your bitcoin and have a good encryption on it.
but what i don't get about your question is the part that i made bold! someone has to do it so that person that makes the cold storage, or wallet has access to it. so even if you ask someone else whom you trust to do it for you then he would have access to your wallet.
although you can use multi signature wallet and give one to that trusted person and have the other yourself, this way you don't have access to the funds without his help.
The other part still can disappear or lose the key in 1 month. Won't be much different from someone else stealing the coins because you will lose them anyway.
One way or another, you would have to trust the other person
July 22, 2016, 06:51:43 AM
I believe people elsewhere are concerned too. Is there a way to lock my wallet so that no one can hack my wallet and take out the money, even myself included. That way, it can be secure and I would be happy from being afraid of scam. Thank you.
the obvious answer is using a cold storage like offline computer, paper wallet, trezor, live linux,... to store your bitcoin and have a good encryption on it.
but what i don't get about your question is the part that i made bold! someone has to do it so that person that makes the cold storage, or wallet has access to it. so even if you ask someone else whom you trust to do it for you then he would have access to your wallet.
although you can use multi signature wallet and give one to that trusted person and have the other yourself, this way you don't have access to the funds without his help.
The other part still can disappear or lose the key in 1 month. Won't be much different from someone else stealing the coins because you will lose them anyway.
One way or another, you would have to trust the other person
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July 22, 2016, 01:12:37 AM
told your trusted friend to keep your privkey and encrypt it while you delete your privkey from your wallet,this is quite risky but effective just the same as another method already mentioned above,just the important thing thing is make sure your friend won't lost the privkey
July 22, 2016, 01:05:12 AM
It depends on what country you are and what site are you using. In our area the site I join need your cp number so everytime you login they will send an activation code to your mobile and that will be your key aside from your password. It is very dependable, i havent experience being hacked ever since the moment i use the wallet in that site.
July 22, 2016, 12:30:27 AM
The most practical way, would be to create a wallet for someone you can trust and then during that creation process, you could ask them to type in the password or pass phrase if this is a paper wallet. You then tell them to keep that information stored in a safe place for a month. ^smile^
Why do you want to do that?
Why do you want to do that?
July 22, 2016, 12:09:25 AM
I believe people elsewhere are concerned too. Is there a way to lock my wallet so that no one can hack my wallet and take out the money, even myself included. That way, it can be secure and I would be happy from being afraid of scam. Thank you.
Yes. You can password protect the wallet.dat file, copy it to a memory stick and ship it to someone you trust with instructions to ship it back in one month. Then use a secure delete to remove all traces of your wallet from the computer.
I have an idea also send your all coin to satoshi nakamoto and give him all instruction that you want your coin back after a month.no one can hack your coin from him or if that happened he will compensation your coin.
July 21, 2016, 11:36:38 PM
I believe people elsewhere are concerned too. Is there a way to lock my wallet so that no one can hack my wallet and take out the money, even myself included. That way, it can be secure and I would be happy from being afraid of scam. Thank you.
the obvious answer is using a cold storage like offline computer, paper wallet, trezor, live linux,... to store your bitcoin and have a good encryption on it.
but what i don't get about your question is the part that i made bold! someone has to do it so that person that makes the cold storage, or wallet has access to it. so even if you ask someone else whom you trust to do it for you then he would have access to your wallet.
although you can use multi signature wallet and give one to that trusted person and have the other yourself, this way you don't have access to the funds without his help.
The other part still can disappear or lose the key in 1 month. Won't be much different from someone else stealing the coins because you will lose them anyway.
One way or another, you would have to trust the other person
July 21, 2016, 11:17:12 PM
I believe people elsewhere are concerned too. Is there a way to lock my wallet so that no one can hack my wallet and take out the money, even myself included. That way, it can be secure and I would be happy from being afraid of scam. Thank you.
the obvious answer is using a cold storage like offline computer, paper wallet, trezor, live linux,... to store your bitcoin and have a good encryption on it.
but what i don't get about your question is the part that i made bold! someone has to do it so that person that makes the cold storage, or wallet has access to it. so even if you ask someone else whom you trust to do it for you then he would have access to your wallet.
although you can use multi signature wallet and give one to that trusted person and have the other yourself, this way you don't have access to the funds without his help.
July 21, 2016, 09:37:12 PM
I believe people elsewhere are concerned too. Is there a way to lock my wallet so that no one can hack my wallet and take out the money, even myself included. That way, it can be secure and I would be happy from being afraid of scam. Thank you.
Banks can freeze accounts until all charges are reconciled. You can't do that with Bitcoin. If you have sent coins or are receiving them it's stored in the global ledger and your wallet will catch up the next time it's on line. As far as being safe while you're on vacation or something you might try taking the hard drive out of your computer and storing it in a safe place while you're gone.
July 21, 2016, 09:14:19 PM
You can use something like OP_CHECKLOCKTIMEVERIFY, I think this is useful to lock funds until x time has passed, then it unlocks automatically. I don't know how that works. They should add those cool options in the bitcoin core GUI because the console commands are too scary for me.
It requires a transaction to be sent and it probably won't work if the person has the private key. The way OP_CHECKLOCKTIMEVERIFY works is to prevent transactions from getting into a block before the blocktime/time specified is up. Ideally, this would be the perfect solution. However, nodes would likely drop this transaction before the 1 month is up and the coins can be spent again, the nLockTime transaction will become invalid. Jump to: