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Author Topic: P2WSH Multisig and Timelock question  (Read 485 times)
Jason Brendon
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July 21, 2023, 06:30:47 AM
 #21


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Sparrow Wallet can do that. I think maybe Bitcoin Core can do that now too, because Ordinals claim to use that feature. And it's always possible to construct Taproot transactions with spend paths by hand if you are sufficiently masochist  Smiley


I tried. Sparrow cannot spend from a taproot address. it can only create taproot addresses.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Rickorick
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July 24, 2023, 06:25:38 PM
 #22

Sorry to hijack but can anyone help with spending a transaction from a time lock address???

I accidentally made the time lock 7140000 instead of 714000 and that means I have to wait 120 years to spend the coins. Please can anyone help?Huh
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July 25, 2023, 03:45:56 AM
 #23

Sorry to hijack but can anyone help with spending a transaction from a time lock address???

I accidentally made the time lock 7140000 instead of 714000 and that means I have to wait 120 years to spend the coins. Please can anyone help?Huh
If you created the script correctly then there is no way to spend these coins and nobody can help. The Bitcoin protocol is solid and will not allow these coins to move until block #7140000
Otherwise the only chance you have is if you made a mistake (wrong locktime value, using a branch that could be skipped, etc.) in which case you can post your full redeem script (like the ones you see in this topic) containing the OP codes, the locktime value and your public key here for people to see if there is any chance.

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cedricfung (OP)
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July 25, 2023, 07:31:06 AM
 #24

Sorry to hijack but can anyone help with spending a transaction from a time lock address???

I accidentally made the time lock 7140000 instead of 714000 and that means I have to wait 120 years to spend the coins. Please can anyone help?Huh
If you created the script correctly then there is no way to spend these coins and nobody can help. The Bitcoin protocol is solid and will not allow these coins to move until block #7140000
Otherwise the only chance you have is if you made a mistake (wrong locktime value, using a branch that could be skipped, etc.) in which case you can post your full redeem script (like the ones you see in this topic) containing the OP codes, the locktime value and your public key here for people to see if there is any chance.

The maximum timelock allowed in Bitcoin is 0xffff, about 455 days. So you can't make a timelock of 120 years.

ranochigo
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July 25, 2023, 08:07:23 AM
Merited by pooya87 (2), ABCbits (2)
 #25

The maximum timelock allowed in Bitcoin is 0xffff, about 455 days. So you can't make a timelock of 120 years.
OP_CLTV is different from OP_CSV (absolute vs relative). It allows for the locking of Bitcoin to be evaluated either by unix time or block height, the latter for which is up to >9000 years while the former is until 2106.

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o_e_l_e_o
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July 25, 2023, 09:17:55 AM
Merited by pooya87 (1)
 #26

This is almost certainly the same address which another used claimed to have created in this thread:
https://bitcointalk.org/index.php?topic=5455368.msg62364885#msg62364885
Archive - https://ninjastic.space/post/62364375

It seems that a scammer might be selling the private key to this timelocked address to multiple users who then realize they are unable to claim the coins and come here looking for help.
cedricfung (OP)
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July 26, 2023, 06:09:21 AM
 #27

The maximum timelock allowed in Bitcoin is 0xffff, about 455 days. So you can't make a timelock of 120 years.
OP_CLTV is different from OP_CSV (absolute vs relative). It allows for the locking of Bitcoin to be evaluated either by unix time or block height, the latter for which is up to >9000 years while the former is until 2106.

You are right, forgot about the absolute timelock value.

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