Purchasing fidelity bonds by provably throwing away bitcoins

[jl2012]

With the activation of CLTV (BIP65) and CSV (BIP112), generating fidelity bonds is much easier now. Just send bitcoin to a scriptPubKey of

Code:

<timestamp in future> OP_CLTV

or

Code:

<24 hour> OP_CSV

Using CSV is preferred since it guarantees that must be known to everyone for the specified time.

[morantis]

i also see this as a way to embed value to mining, rather than throwing anything away, it is like you walked into the bank and dumped a bag of money on the floor for the customers, that they in turn spend in the economy, creating more cash flow through the system