https://www.coindesk.com/smart-contracts-bitcoin-lightnings-tadge-dryja-working/

I guess I should wait for smart contracts   that sounds promising.

So is this already possible using smart contracts if I were to try it with Ethereum?

Yes this was certainly another thought.  Another thought is I could store them in a safe deposit box that could only be unlocked by me or a close friend/family member, and I could link up some sort of key or something like that to only be unlocked when price reaches X or time limit reaches X.  

That way if the information isn't 100% secure and is stored on some hackable server somewhere online with coding that could be punished the coin could only be unlocked using my identification.  

That doesn't take into account banking systems going down or mass panic  unfortunately...



Yes the lawyer/trust thing is definitely a real option if I wanted to execute this and not have access truly until some specific parameters are met!

That's very true, I was thinking about the fact that the ticker could go down.

Basically I think I could make my own ticker that draws price from a site... if that site goes down I could replace the site with some other site... but the problem with that is I could rig the price and unlock the coin early so that does seem kind of worrisome.  But that would be a solution if I needed to unlock it at $45,000 - at the same time defeating the purpose of it meaning that it's just a useless locking mechanism

The point of this would be to just time lock it and forget about the money as a secondary option, and if it doesn't rise above that price then I don't get it until X amount of years anyways.  Sort of like a trust fund.  

A friend just mentioned smart contracts... I'm researching that now.




I'm basically going to be making paper wallets with QR codes laminated and put something like .001, .005, .01 on them... my hope would be that I wouldn't be able to unlock them until bitcoin reaches a certain price... so that's basically the goal.  Just trying to figure out what's possible.  I want to make them with an offline computer so that it's un-hackable, etc....... it seems like a fun project.  So maybe I should forget about the price ticker but I could take the risk on the ticker not working and just default to X # of years as well...

Hey guys, trying to come up with an awesome solution for this problem I created for myself.

I want to make paper wallets or just wallets in general that are locked according to the price in relation to USD for example.  So IF BTC/USD = $100,000 then unlock wallet/private key combo.  Secondary IF though that it would unlock it after a certain number of months/years if that price doesn't get reached.

I'm thinking that obviously it would have to be some sort of secondary web app or language that has nothing to do with bitcoin in order to accomplish this, as I know bitcoin time locking isn't super secure at this point. 

Does anyone know how I could accomplish this?  I really want to make a few paper wallets that unlock at $20,000/coin, $50,000/coin, $250,000/coin, etc etc etc etc etc etc.  I think this would be just so cool, and could laminate the paper wallets and put it in a time capsule or something like this. 

Cheers!!!!