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Author Topic: Lock a wallet  (Read 396 times)
Zosuda (OP)
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September 26, 2016, 11:54:14 AM
 #1

Hello is there anyway to lock a Bitcoin wallet for a set amount of time for example 6 months.

As soon as I save I get to around 0.2 and cant help but spend it.

Would love to lock my finals away while I save.

Thanks for reading.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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September 26, 2016, 11:58:39 AM
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Bitcoin core has a way to UNlock your wallet for a certain period. I don't think it can lock it for a certain period of time tough (walletlock hasn't got any parameters).

You could send the funds to yourself and use tx.nLockTime to lock the transaction untill a certain block??? I've never done this myself, but more info can be found here: https://bitcointalk.org/index.php?topic=321550.0

An other option is to generate a 2 of 2 multisig wallet, so the signature of your spouse/best friend is needed to spend the funds?

Just on a personal note: why do you have the urge to spend every satoshi you have? A gambling problem? In this case, it might be wise to seek some help instead of searching for a technical solution... Just my personal opinion tough, you can do whatever you want, it's your life Wink

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September 26, 2016, 12:10:24 PM
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You could create an address which uses OP_CHECKLOCKTIMEVERIFY. This would prevent any bitcoin from that address from being spent until you are past a certain locktime.

Zosuda (OP)
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September 26, 2016, 12:39:55 PM
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Bitcoin core has a way to UNlock your wallet for a certain period. I don't think it can lock it for a certain period of time tough (walletlock hasn't got any parameters).

You could send the funds to yourself and use tx.nLockTime to lock the transaction untill a certain block??? I've never done this myself, but more info can be found here: https://bitcointalk.org/index.php?topic=321550.0

An other option is to generate a 2 of 2 multisig wallet, so the signature of your spouse/best friend is needed to spend the funds?

Just on a personal note: why do you have the urge to spend every satoshi you have? A gambling problem? In this case, it might be wise to seek some help instead of searching for a technical solution... Just my personal opinion tough, you can do whatever you want, it's your life Wink

I don't have an issue :p just see something to add to my collection and buy it lol

Thanks for the tips will look into them Smiley
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