It is an investment or property that we have.We must know how to adjust, spend bitcoin properly
Topic: Question about programmable money (Read 150 times)
Things like that are many and often happen and indeed we should save our bitcoin or crypto better and safer, because it is an investment or property that we have.
is it possible to bind designated BTC, LTC or other assets to say that if they leave the wallet then there is only one designated destination, so that if they were stolen the thief could not obtain them without also controlling the unknown recipient?
no there is no such option available in bitcoin. and you should not want to do that either, what if we had that option and you really restricted yourself to that one address and then lost the private key to that address instead?
p.s. the word is "crypto currency" not "programmable money"
To keep the private key we must be really very careful, and I think we can save on paper or other so that if we forget it is still stored, and we also provide 2FA security code for the security of our account.
I have some crypto on a hardware wallet. It's first point of failure is the loss of private keys, be it fire, theft or ano.
In thinking about how I really should get more proactive about security I have this question - is it possible to bind designated BTC, LTC or other assets to say that if they leave the wallet then there is only one designated destination, so that if they were stolen the thief could not obtain them without also controlling the unknown recipient?
In thinking about how I really should get more proactive about security I have this question - is it possible to bind designated BTC, LTC or other assets to say that if they leave the wallet then there is only one designated destination, so that if they were stolen the thief could not obtain them without also controlling the unknown recipient?
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