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Bitcoin => Project Development => Topic started by: voileipa on March 07, 2015, 11:09:08 AM



Title: Howto: Creating a delayed bitcoin transaction
Post by: voileipa on March 07, 2015, 11:09:08 AM
The steps to create a delayed bitcoin transaction:

http://blog.coincreator.net/jekyll/update/2015/03/07/delayed_transaction.html


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: EcuaMobi on March 07, 2015, 12:46:02 PM
The steps to create a delayed bitcoin transaction:

http://blog.coincreator.net/jekyll/update/2015/03/07/delayed_transaction.html

I see this is to "authorize" destination address to broadcast the transaction where the coins are sent to him.

There's no way to automate that, is it? I mean in the  bitcoin protocol itself. Of course such a service could be developed.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: voileipa on March 07, 2015, 01:39:52 PM
The steps to create a delayed bitcoin transaction:

http://blog.coincreator.net/jekyll/update/2015/03/07/delayed_transaction.html

I see this is to "authorize" destination address to broadcast the transaction where the coins are sent to him.

There's no way to automate that, is it? I mean in the  bitcoin protocol itself. Of course such a service could be developed.


Yeah. The "owner" of the destination address must broadcast the transaction.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: dansmith on March 08, 2015, 08:38:24 PM
Kudos for this howto: very easy to follow.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: Samperio on March 10, 2015, 06:48:00 AM
Ingenous stuff, sounds like private detective stuff.

Now for me it's rather academic, surely one time or another I will find a way to leverage this clever
method.

S.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: speedy1987 on March 10, 2015, 11:28:54 AM
You can create a delayed bitcoin transaction quite simply.
Donīt pay trancastion fee.  ;D


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: voileipa on March 10, 2015, 11:36:22 AM
You can create a delayed bitcoin transaction quite simply.
Donīt pay trancastion fee.  ;D


Haha.

Broadcast and pray.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: coinableS on March 10, 2015, 02:30:59 PM
You can create a delayed bitcoin transaction quite simply.
Donīt pay trancastion fee.  ;D


LOL funny and true.
When I first got started in 2013 I sent a dust amount like 0.00001 with no tx fee. (yea I didn't know what I was doing) It took over a month before it's first confirmation.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: EcuaMobi on March 10, 2015, 02:41:03 PM
You can create a delayed bitcoin transaction quite simply.
Donīt pay trancastion fee.  ;D


LOL funny and true.
When I first got started in 2013 I sent a dust amount like 0.00001 with no tx fee. (yea I didn't know what I was doing) It took over a month before it's first confirmation.

Is that even possible? I thought transactions were reverted if no miner included it on a block in a few days.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: Possum577 on March 11, 2015, 11:05:40 PM
Forgive the newb question here, why would you want to delay the transaction?

Is this a precursor to timed or automatic payments or transactions?


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: EcuaMobi on March 11, 2015, 11:24:07 PM
Forgive the newb question here, why would you want to delay the transaction?

Is this a precursor to timed or automatic payments or transactions?

To force yourself to save maybe, or to fulfill a will.

It's not really exactly timed nor automatic.
It's fixed to a block number so you can estimate a date and time but it wouldn't be exact at all, only approximate.
And it's not automatic, you need to store the the signed transaction and then manually broadcast after the target block.

However a service could be created where you can send the signed transaction and it would automatically broadcast when the time has come.



Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: Possum577 on March 12, 2015, 09:51:48 PM
Forgive the newb question here, why would you want to delay the transaction?

Is this a precursor to timed or automatic payments or transactions?

To force yourself to save maybe, or to fulfill a will.

It's not really exactly timed nor automatic.
It's fixed to a block number so you can estimate a date and time but it wouldn't be exact at all, only approximate.
And it's not automatic, you need to store the the signed transaction and then manually broadcast after the target block.

However a service could be created where you can send the signed transaction and it would automatically broadcast when the time has come.



This would be perfect for annuities, structured settlements (from lawsuits and such), trust payments, bill payments, payroll processing...wow, lots of options. Thanks for educating me.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: ikydesu on March 13, 2015, 10:58:32 AM
The steps to create a delayed bitcoin transaction:

http://blog.coincreator.net/jekyll/update/2015/03/07/delayed_transaction.html

Warning!!! You can lose bitcoins.
Too risky, the step is too much, "Send 0.1 BTC to address ADDRESS1" its so big amount ::)

You can create a delayed bitcoin transaction quite simply.
Donīt pay trancastion fee.  ;D


Agree. This is the easiest way to create delaye bitcoin trasaction ;D lol


~iki


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: voileipa on March 15, 2015, 11:05:39 AM
The steps to create a delayed bitcoin transaction:

http://blog.coincreator.net/jekyll/update/2015/03/07/delayed_transaction.html

Warning!!! You can lose bitcoins.
Too risky, the step is too much, "Send 0.1 BTC to address ADDRESS1" its so big amount ::)

~iki

I guess the "risk" lies more on the side of "creating a raw transaction in command line" rather than in the "delayed transaction" concept itself.


Title: Re: Howto: Creating a delayed bitcoin transaction
Post by: S4VV4S on March 15, 2015, 11:31:23 AM
You can create a delayed bitcoin transaction quite simply.
Donīt pay trancastion fee.  ;D


^^^ This.
No need for other methods  ;)