Bitcoin Forum
June 23, 2024, 09:49:52 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is there a time limit for BTCs requests?  (Read 851 times)
1urker (OP)
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
March 20, 2017, 04:36:02 AM
 #1

For example, I have a Wallet and made a request of amount X of BTC to XXX wallet number, If I let it open can I use this request after some years?
ethereumhunter
Hero Member
*****
Offline Offline

Activity: 2926
Merit: 541


Leading Crypto Sports Betting & Casino Platform


View Profile
March 20, 2017, 04:38:26 AM
 #2

For example, I have a Wallet and made a request of amount X of BTC to XXX wallet number, If I let it open can I use this request after some years?

i am not sure about this but as long as you save both wallet in safe place, i am sure that in some years later, you can open it and you can use it so you can trying to send your bitcoin from wallet into another wallet. i don't have this experience before so i only say what its in my mind. maybe other member can explain more about this.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Myfe
Sr. Member
****
Offline Offline

Activity: 476
Merit: 255


View Profile WWW
March 20, 2017, 04:42:05 AM
 #3

In theory it'll be yours forever.

The only exception is if your wallet is with a company (e.g., Coinbase, Circle, Xapo, etc.). Any of those company's can go out of business, and if so you'll lose that wallet when they do.

You know that you can have your wallet forever if you have the private key (along with the public key). The private key is proof of ownership.

Now Coinbase and other bitcoin "banks" are fine, they're good, they're convenient. People will say "if you don't own the private key to your wallet, you don't own bitcoin." Technically this is true, you just own an IOU from the bank. BUT, the same applies to every single bank in the world. Your Dollars, Euros, Pounds, etc. aren't literally yours unless they are in your physical possession...like stacks of cash in your home. So, don't let that hype worry you.

Edit: Wait, are you talking about a transaction? Where would you write a transaction and not click "send"?

1urker (OP)
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
March 20, 2017, 04:44:36 AM
 #4

Not about the wallet, but I'm talking about the request order, will it be open (and usable) forever?
1urker (OP)
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
March 20, 2017, 04:50:50 AM
 #5


Edit: Wait, are you talking about a transaction? Where would you write a transaction and not click "send"?

Yes, imagine that I opened a request order, it is open now and I set it to receive XXX BTC, but I don't deposit, I let it open, and after some Years I finally use this adress to make a deposit.

Is this possible?
odolvlobo
Legendary
*
Offline Offline

Activity: 4354
Merit: 3274



View Profile
March 20, 2017, 06:09:56 AM
 #6

Yes, imagine that I opened a request order, it is open now and I set it to receive XXX BTC, but I don't deposit, I let it open, and after some Years I finally use this adress to make a deposit.

Is this possible?

Yes. Anyone can send bitcoins to any address at any time. It doesn't matter when the address was displayed by your wallet. However, in order to spend any bitcoins sent to that address, you will need the private key, or the seed that generated the private key. I assume that any wallet that displays an address will save the private key to that address. It would be very bad if it didn't.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
Myfe
Sr. Member
****
Offline Offline

Activity: 476
Merit: 255


View Profile WWW
March 21, 2017, 07:47:30 PM
 #7

Yes, imagine that I opened a request order, it is open now and I set it to receive XXX BTC, but I don't deposit, I let it open, and after some Years I finally use this adress to make a deposit.

Is this possible?

Yes. Anyone can send bitcoins to any address at any time. It doesn't matter when the address was displayed by your wallet. However, in order to spend any bitcoins sent to that address, you will need the private key, or the seed that generated the private key. I assume that any wallet that displays an address will save the private key to that address. It would be very bad if it didn't.

But once the coins are received by the destination address the transaction is closed. The OP is asking if a request for payment can remain open indefinitely.

To the OP, give us a scenario where this would be a useful option for a transaction?

Coinster
Full Member
***
Offline Offline

Activity: 222
Merit: 101


View Profile
March 21, 2017, 08:17:54 PM
 #8


Edit: Wait, are you talking about a transaction? Where would you write a transaction and not click "send"?

Yes, imagine that I opened a request order, it is open now and I set it to receive XXX BTC, but I don't deposit, I let it open, and after some Years I finally use this adress to make a deposit.

Is this possible?

I'm not sure what you're asking, but let me explain in a way which may help. The network doesn't monitor 'requests'. The network only monitors payments. If you use a wallet, or a company, or invoice or whatever to request payment from someone, the only thing that matters is that person being able to send you bitcoins. When you generate a bitcoin address correctly (done by your wallet software) that address should work forever*. You don't need to change it; even years later any sender can still send bitcoin to it.

*Bitcoin is powered by software, and this software is certainly likely to change over time meaning the way it works may change. However, developers writing for Bitcoin will usually be careful to make fundamental usage changes, like bitcoin address formats, backward compatible because they know people may not expect addresses to expire. In this case, wide announcements would likely be made.
Technicality
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
March 21, 2017, 08:27:32 PM
 #9


Edit: Wait, are you talking about a transaction? Where would you write a transaction and not click "send"?

Yes, imagine that I opened a request order, it is open now and I set it to receive XXX BTC, but I don't deposit, I let it open, and after some Years I finally use this adress to make a deposit.

Is this possible?
If you're using a normal wallet, yes, the addresses will be yours forever.  The Blockchain wallet, for example mentions what addresses you have to accept Bitcoin from and gives you the option of archiving addresses so that you don't own them anymore.  Basically, you can do what you want with the addresses forever - they're yours.
Jacce
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
March 21, 2017, 08:33:41 PM
 #10

It depends a bit on the system. Some sites have time limits for receiving payments, and will not accept any payments after that time period has expired.

However, let's say you have your own wallet, with access to the private keys (like Bitcoin Core or Electrum). Then the short answer is no. This is because the private key for the address will be saved regardless if you receive a transaction or not, as it will be required when you later on want to actually send the money you have received. Also, you can receive an indefinite amount of payments. So as long as you control your private keys, you can receive an unlimited amount of transactions distributed over any period of time.
odolvlobo
Legendary
*
Offline Offline

Activity: 4354
Merit: 3274



View Profile
March 22, 2017, 06:14:13 AM
 #11

But once the coins are received by the destination address the transaction is closed. The OP is asking if a request for payment can remain open indefinitely.
To the OP, give us a scenario where this would be a useful option for a transaction?

There is really no "request for payment". All that feature does is shows a QR code containing information such as an address and amount that another wallet can use to create a transaction. There is nothing being opened or closed, other than the app itself.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
btcdiggingmaster
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500

Transact Safer / Chase Better


View Profile
March 22, 2017, 10:19:35 AM
 #12

For example, I have a Wallet and made a request of amount X of BTC to XXX wallet number, If I let it open can I use this request after some years?

This one is the best question to answer because both wallets should be actively synchronized with the bitcoin database, in order to send your bitcoin to another wallet, first of all, your both wallet should be active. But if you keep safely both the wallet, then you can send easily.
Mike Mayor
Hero Member
*****
Offline Offline

Activity: 966
Merit: 535


View Profile
April 16, 2017, 07:52:25 PM
 #13

For example, I have a Wallet and made a request of amount X of BTC to XXX wallet number, If I let it open can I use this request after some years?

You could use an escrow like feature like localbitcoin uses and the request will expire after a certain amount of times and the funds released again back to the owner. Is it for some kind of website you running ? You selling something ?

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!