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Author Topic: Option to lock your coins for a certain time in your wallet or exchange?  (Read 587 times)
ifightformerkel (OP)
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May 25, 2016, 08:52:24 PM
 #1

I read a lot in this forum, that people sold to early and lose big profits.

My question is, is there a option, that you can look your coins for a certain time like 1 year in your wallet or a exchange?

A lot of people would be maybe lucky to lock some coins for 1 year (like bitcoin  Grin).
jwinterm
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May 25, 2016, 09:48:19 PM
 #2

I read a lot in this forum, that people sold to early and lose big profits.

My question is, is there a option, that you can look your coins for a certain time like 1 year in your wallet or a exchange?

A lot of people would be maybe lucky to lock some coins for 1 year (like bitcoin  Grin).

This exists in new versions of Bitcoin that have cltv (check lock time verify), where the outputs are unspendable until some point in the future. Also exists in Monero and believe other cryptonotes.
ifightformerkel (OP)
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May 25, 2016, 09:50:19 PM
 #3

I read a lot in this forum, that people sold to early and lose big profits.

My question is, is there a option, that you can look your coins for a certain time like 1 year in your wallet or a exchange?

A lot of people would be maybe lucky to lock some coins for 1 year (like bitcoin  Grin).

This exists in new versions of Bitcoin that have cltv (check lock time verify), where the outputs are unspendable until some point in the future. Also exists in Monero and believe other cryptonotes.

This already exist,  Shocked wow, thanks, i dont knew this.

I hope some exchanges like poloniex will add this future also.
billotronic
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May 25, 2016, 11:20:17 PM
 #4

I read a lot in this forum, that people sold to early and lose big profits.

My question is, is there a option, that you can look your coins for a certain time like 1 year in your wallet or a exchange?

A lot of people would be maybe lucky to lock some coins for 1 year (like bitcoin  Grin).

Now, I'm not sure if this would fit your bill (PUN!) but check out Hodlcoin. Doest exactly what you want but gives you interest for doing so and is NOT a PoS coin. (which is pretty neat)

https://bitcointalk.org/index.php?topic=1317918.0

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
smooth
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May 26, 2016, 03:11:09 AM
 #5

There are several coins with locking for interest, including HODL, XDN, and STEEM. XDN may have been the first, or at least the first I know about so far. A number of other coins besides BTC have implemented CLTV.

It is proposed that when ETH switches to PoS that will require locking to be a validator and earn whatever it is that validators are going to earn.

The rules, interest (or staking) payments, etc. are different between them, but in general terms the concept is similar.

Any others?
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