Bitcoin Wallet with timelock

[hendo420]

I have a problem saving money, if I have bitcoins it burns a hole in my wallet till I spend it.

Has anyone come up with a bitcoin wallet (custom wallet or a mod for current wallet) that is able to lock bitcoins in it for a set period of time.

Like I put 1BTC in my wallet and set it to not be available until 2 years from now.

[1714816589]

1714816589

[1714816589]

1714816589

[grue]

it's not enforceable at the protocol level because there is no script to check the current number of blocks. the best you can do is encrypt it with some random key that takes a long time to crack.

[tiktoc]

Yes it can.

https://bitcointalk.org/index.php?topic=151959.0

edit: I think Mike Hearn also talked about this at one of the conferences that is on video?

[coincepts]

My guess is that without developing a new client, you could put your coins into a series of wallets, then find some time activated software that already exists to allow you access to one wallet every X amount of time.

[Time Cave]

The block-chain-based nLockTime solution is more elegant, but you can also use various websites (like ours at timecave.com, which is free for simple use and recently started accepting bitcoins for an enhanced service level) that delay emails into the future.  Time Cave has operated reliably for about 13 years and currently lets you schedule emails through 2025.

Of course, you'll probably want to (1) encrypt your wallet and (2) use more than one service like this, just in case.