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Author Topic: Is there a way to block my wallet and prevent any withdrawal for a month?  (Read 953 times)
Doamader
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July 22, 2016, 02:36:41 PM
 #21

Why you need those feature? Cant you control youself, discipline about spending your coins? I had a problem in the past that my coins couldnt be stopped into the wallet soo i spend those funds, now i regret a bit that i wasted a lot of bitcoins for no reason almost. I  believe you can import your wallet and save the key somewhere trusted and safety this will stop any transaction it may had.
ranochigo
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July 22, 2016, 03:48:30 PM
 #22

I believe people elsewhere are concerned too. Is there a way to lock my wallet so that no one can hack my wallet and take out the money, even myself included. That way, it can be secure and I would be happy from being afraid of scam. Thank you.

the obvious answer is using a cold storage like offline computer, paper wallet, trezor, live linux,... to store your bitcoin and have a good encryption on it.

but what i don't get about your question is the part that i made bold! someone has to do it so that person that makes the cold storage, or wallet has access to it. so even if you ask someone else whom you trust to do it for you then he would have access to your wallet.

although you can use multi signature wallet and give one to that trusted person and have the other yourself, this way you don't have access to the funds without his help.

The other part still can disappear or lose the key in 1 month. Won't be much different from someone else stealing the coins because you will lose them anyway.

One way or another, you would have to trust the other person
Or use 2-of-3 and between 2 different people. If one loses the key, there is another backup, or else just give both of them 2 copies of their key and keep it safe. If you still don't feel safe, make a multisig such that your signature in the transaction is a must or the transaction is valid. This is possible but it won't be easy.


but if you are distributing the key in in so many places its mean that you are increasing the risk of stealing the sky. because if some one hack any of your account you will lose your key.
I mentioned 2 of 3 multisig which requires the transaction to be signed by at least 2 people. Without at least 2 signatures, the transaction isn't valid. Assuming that you created it safely, it would be harder for hackers to gain access to the funds.

Is this something that could be achieved by using CheckLockTimeVerify?
Look at my reply. It will never help against hacking attempts.

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Yutikas_11920
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July 22, 2016, 03:56:30 PM
 #23

Maybe I thought this could be done, but it is the most complicated thing to do. Hacking it happened because they know the weaknesses of the gadget, laptop, or your mobile phone. So if you did want to be safe, then make it private wallet, email, laptop, or mobile phone. I guarantee your BTC will be secure from hacking
GreenBits
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July 22, 2016, 04:02:39 PM
 #24

Was still thinking about this. Why don't you mail yourself the paper wallet? Or have a trusted mail it to you at the end of the month? Essentially, have someone hold it for and send it via post at the designated time? You could probably get an escrow guy here to assist.
Cresciuanto
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July 22, 2016, 04:22:10 PM
 #25

I know on Coinbase they have a system called a "vault" which can allow for you to put Bitcoin away for a period of time that you want, which completely closes the Bitcoin's accessibility, for whatever time period you would want to set it for. I don't think there is any way to access it earlier even if you really wanted to though, so that might be something you should consider.

Some other desktop wallets also have their own vault systems which put away Bitcoin and make them inaccessible, but I can't remember which ones have it.
interesting but i have no such an idea. i dont think that this may be possible. but may it possible because i am not such an expert person in this field and i have personal experience of this.
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July 22, 2016, 05:24:30 PM
 #26

I can't really think of any other methods than what is already suggested here.
Have one of your VERY(emphasized it) trusted friend to share one of your private keys from a multi-sig wallet. Have him keep it a secret for a month. That way, you won't be able to spend your coins without your friend's permission.

Shiroslullaby
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July 22, 2016, 05:30:52 PM
 #27

What if you changed your key and locked your wallet
and then used a site like
http://www.futureme.org
to send you the key in a month?
(Of course, if you for some reason can't get the message in a month you no longer have access to your wallet....)

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