Idea for Bitcoin Theft protection (timelock plus)

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With time locked bitcoin a thief cannot steal your bitcoins right away but has to wait till expiry. But then both him and you are in possession of the priv key, so there is a 50% chance that the thief gets the coins.

Improvement idea: a special key or key combination is allowed to spend the coins 1 day ahead of time lock expiry. Thief has no idea that such possibility exists, victim rescues hus coins 1 day before timelock expiry.

submitted by /u/Amichateur
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1 Bitcoins

Bitcoin News and Search

1 News - 247 News - 247 Bitcoin - 1 Search


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