Avatar
Dr. Bitcoin, MD 4mo ago đź’¬ 6

I think I’m gonna have to write my own Bitcoin wallet software because no wallet out there lets me do what I want with time locks…bitcoin has complicated absolute and relative time locks available for both transactions themselves and as conditions on spending outputs.

I want a wallet that lets me make a signed multisig transaction that becomes valid in 2 years. And another at 3 years. And another at 4 years. And I want my UTXO’s spendable by a recovery key (or lower threshold multisig) in 5 years. This way I can delete the seed used to make my set of “will someday become valid transactions” and can keep the recovery seed physically safe but of zero value to steal.

This also wipes out business models where middlemen profit off of helping you safeguard your money.

Maybe I’ll quit my job to write this software. Probably not now but maybe in 5 years.

Reply to this note

Please Login to reply.

Discussion

Avatar
Corey Santa Diego 4mo ago

Wouldn't miniscript do this? Liana wallet.

Avatar
Dr. Bitcoin, MD 4mo ago

Liana can’t do this. But it’s close. Liana doesn’t support absolute time for time locks…maybe this is a limitation of bitcoin script, I’m not sure, but Liana only lets relative time locks up to 65536 x 512 seconds…i thought there was another way of using the same bits with a different flag to represent absolute block height, but maybe I’m wrong.

Old school bitcoin wallets would let you time lock transactions. New ones don’t.

Avatar
Corey Santa Diego 4mo ago

Got it, thanks.

c2
viper_1 4mo ago

It would seem like a great idea to fill a demand for asset protection, future pension provision, pre nuptials, inheritance - if I understand it conceptually. It would seem a service to the field.

Avatar
Rizful.com (zap tester) 4mo ago

we did some zap tests on this note… your profile only specifies a nip05 nostr address, but not a lightning address, so we tried to zap your nip05 address.... we made six attempts to⚡zap this note, at viper1@nostrplebs.com, over a period of 2 minutes. in each case, we found that your lightning address service or server did not respond correctly. if you wanted to fix this... you could try getting a free rizful lightning address -- https://rizful.com ... if u get it set up, pls reply here so we can do this ⚡zap test again.