Replying to Avatar idsera

I would like to see Smart Contracts on Bitcoin to have this feature:

A contract where people commit to depositing Bitcoins for a period of,

say, 10 years. If someone of the group withdraws before that time,

that person would pay a fine of for example of 10% of the amount they

deposited to the rest of the participants who continue to follow the

contract.
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fiatjaf 1y ago

That's possible to do if you have few participants. Just presign a bunch of transactions, or use CTV and whatnot.

But what else would that contract be able to do? Just keep the money still?

Because if you want people to be able to use the funds or move them in any way then it quickly becomes impossible. It's all the "payment pool" or "coinpools" idea again, a very flawed idea.

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