It would suffice to be able to retrieve the block number the transaction spending the locked amount is in.
If the block number is above a certain threshold (set in the script) the transaction is valid and is accepted by miners.
Best regards,
ilpirata79
Topic: Make a transaction that cannot be spent in X years - page 2. (Read 1840 times)
lbaat.net releases a private key every hour, called a "timepoint secret". The timepoint secret keys are connected - the hash of next hour's private key is this hour's private key. By requesting a public key in the future, you can combine it with your own private key to create an address with no known private key. When lbaat releases the timepoint, it can be combined with your personal private key to release the coins.
lbaat has no way of stealing the coins.
...and its my site
lbaat has no way of stealing the coins.
...and its my site
OP do not trust third party services with 'dad man switches' as they prey on people to not check it regular...... and then its too late
EDIT
Lbaat.com appears to be a javascript based generator that can be used offline. so my initial response was wrong. i initially thought the OP was collecting peoples own public key to then use later in combination with his seed generator.
this will never be a feature added to the protocol. otherwise people will start putting dust amounts with a 10 year date to fill up the mempool of miners and nodes as a form of DDOS. with tx's just sitting there for 10 years.
the only solution is to buy a raspberry Pi and make a small program that is set to launch a command at X date. and then just leave it in th corner of your house cabled into your internet, and forget about it.
having the delay set 'locally' is the only option
the only solution is to buy a raspberry Pi and make a small program that is set to launch a command at X date. and then just leave it in th corner of your house cabled into your internet, and forget about it.
having the delay set 'locally' is the only option
lbaat.net releases a private key every hour, called a "timepoint secret". The timepoint secret keys are connected - the hash of next hour's private key is this hour's private key. By requesting a public key in the future, you can combine it with your own private key to create an address with no known private key. When lbaat releases the timepoint, it can be combined with your personal private key to release the coins.
lbaat has no way of stealing the coins.
...and its my site
lbaat has no way of stealing the coins.
...and its my site
Hi everyone,
I would like to send an amount of bitcoins as a gift and I want to make sure that amount is not spendable until a certain date.
Is that possibile? With what clients?
Thanks,
ilpirata79
I would like to send an amount of bitcoins as a gift and I want to make sure that amount is not spendable until a certain date.
Is that possibile? With what clients?
Thanks,
ilpirata79
Please, don't do that. I know you might have your reasons. But, unless this non-spendable restriction is revokable, if there's any unforeseen problems (like the urgent need of the money, e.g. to cover serious health urgencies) you (or the person "owning" it) will powerlessly see all that money locked. It will be cruel.
Try to find another solution if possible.
All the best.
Yours is a valid point. I am pondering over it.
Still looking for the answer though...
Best regards,
ilpirata79
Hi everyone,
I would like to send an amount of bitcoins as a gift and I want to make sure that amount is not spendable until a certain date.
Is that possibile? With what clients?
Thanks,
ilpirata79
I would like to send an amount of bitcoins as a gift and I want to make sure that amount is not spendable until a certain date.
Is that possibile? With what clients?
Thanks,
ilpirata79
Please, don't do that. I know you might have your reasons. But, unless this non-spendable restriction is revokable, if there's any unforeseen problems (like the urgent need of the money, e.g. to cover serious health urgencies) you (or the person "owning" it) will powerlessly see all that money locked. It will be cruel.
Try to find another solution if possible.
All the best.
Hi everyone,
I would like to send an amount of bitcoins as a gift and I want to make sure that amount is not spendable until a certain date.
Is that possibile? With what clients?
Thanks,
ilpirata79
I would like to send an amount of bitcoins as a gift and I want to make sure that amount is not spendable until a certain date.
Is that possibile? With what clients?
Thanks,
ilpirata79
why and to whom you want to send your bitcoins for safekeeping ?? cause you can do it with yourself ??
Hi everyone,
I would like to send an amount of bitcoins as a gift and I want to make sure that amount is not spendable until a certain date.
Is that possibile? With what clients?
Thanks,
ilpirata79
I would like to send an amount of bitcoins as a gift and I want to make sure that amount is not spendable until a certain date.
Is that possibile? With what clients?
Thanks,
ilpirata79
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