I know you're just going to ignore this or delete my reply
No way, Greg. What you wrote is so absurd that it would be impossible to ignore it. I was so floored when I read your reply, that I had to screenshot it.
When asked under what conditions BIP110 would confiscate your coin, Greg replied with this:
For security some people have made transactions which are timelocked for the future, so that e.g. kidnappers can't force them to make payments or so that the transactions for inheritance will only be valid in the future. After making the transaction they can delete their private keys so that they can't be forced to make any more alternatives, or they can simply lose them -- an eventuality that the presigned transaction was created to pay for. These presigned transactions can pay to any valid address, for example a 4 of 8 taproot multisig that has a tree depth of more than 7 levels (e.g. family members/friends/heirs).
BIP110 would functionally destroy these coins.
So I have some questions about this statement.
- Greg, can you find any tutorial anywhere on line where they explain how to delete your private keys after you commit your coin to a convoluted inheritance/kidnapping scheme with op_if in Taproot? Preferably something that was dated prior to BIP110 announcement, of course. And something a layman would understand?
- Are there any other scenarios anywhere else that you can think of where deleting your keys would cause you to lose your coin, with or without BIP110 being involved?
- Would the initial core 30 release allow me to spend my coin after it deleted my private keys?
As for others reading this, please understand. If you delete your private keys, you will absolutely lose your coin. And that has always been true since 2009 when bitcoin was created. This is why we have a notorious saying 'Not your keys, not your coin".
You delete your private keys, you will lose your coin 100% of the time. But Greg Maxwell here is trying to tell you that somehow can be blamed on BIP110.
If anyone ever tells you to delete your private keys as a part of some anti-kidnapping scheme, here is what you do:
- Politely kick that idiot in the nuts repeatedly.
- Dig a 5 ft hole in your backyard. Burry your private keys at 5 ffot deep, and a decoy private key buried right on top of it at 4 ft deep.
That way, when your kidnapper forces you to reveal your keys, tell him where to dig 4 foot deep. Greg Maxwell is corrupt and you should not trust his advise.
