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Author Topic: How many people would be interested in this piece of software  (Read 761 times)
Bitcoin Magazine (OP)
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April 04, 2014, 01:16:07 PM
 #1

Time Statis wallet.

your private key is deep encrypted, and can only be decrypted at a certain date and time (it checks the atomic clock in Las Vegas)

i am here.
Beliathon
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April 04, 2014, 01:35:52 PM
 #2

Time Statis wallet.

your private key is deep encrypted, and can only be decrypted at a certain date and time (it checks the atomic clock in Las Vegas)
Sounds like a great incentive to hack the computer(s) that connects to the atomic clock in Las Vegas.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
S4VV4S
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April 04, 2014, 01:39:41 PM
 #3

So basically it's a time lock?

beatljuice
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April 04, 2014, 04:09:56 PM
 #4

I think it would be useful. You could set up a trust for a kid and give it to him/her and say "You can use it when you're 18" or 21 or whatever.

You could even go further and have a wallet that will only open if there is a specific event such as a death. Maybe 3-5 people have to sign it with a digital signature. Or maybe someday the Bitcoin protocol will keep track of medical records and will just know when we die.
rebuilder
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April 04, 2014, 04:14:24 PM
 #5

is there a signed datafeed from the atomic clock?

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romang
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April 04, 2014, 04:19:14 PM
 #6

Time Statis wallet.

your private key is deep encrypted, and can only be decrypted at a certain date and time (it checks the atomic clock in Las Vegas)

Kinda stupid what if u need them in a hurry.

jonald_fyookball
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April 04, 2014, 04:21:48 PM
 #7

I thought I read something about mastercoin planning to offer similar feature.

pandher
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April 04, 2014, 04:30:48 PM
 #8

Very un-useful idea for obvious reasons
zimmah
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April 04, 2014, 05:33:17 PM
 #9

Very un-useful idea for obvious reasons

I disagree, it could be used as some kind of cold storage or whatever.

I probably won't use it but i think it's viable.
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April 04, 2014, 05:37:49 PM
 #10

I like the concept!
But the source code could always be tweaked to release it when really needed...
And if it's closed-source, forget.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
hashman
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April 04, 2014, 05:53:50 PM
 #11

you don't need new software.  use nlocktime in your UTXO, it's already in the code. 
and i'm not interested Smiley 
Aswan
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April 04, 2014, 06:05:08 PM
 #12

you don't need new software.  use nlocktime in your UTXO, it's already in the code. 
and i'm not interested Smiley 

This, bitcoin already has this feature available.
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