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Bitcoin Forum > Bitcoin > Development & Technical Discussion > Purchasing fidelity bonds by provably throwing away bitcoins
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Author Topic: Purchasing fidelity bonds by provably throwing away bitcoins  (Read 9011 times)
jl2012
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June 29, 2016, 01:53:20 PM
 #21
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.
Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC)
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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June 29, 2016, 04:58:11 PM
 #22
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
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