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13487554 No.13487554 [Reply] [Original]

I'm thinking about doing a nLockTime transaction to lock 100 bitcoins for 5 years because I'm a degenerate gambler. Anyone have any good resources on how to do it? Anyone ever tried it themself?

>> No.13487976
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13487976

Anyone?

>> No.13487988

Yeah, I've played with nLockTime for other purposes.

I would recommend you don't use it for periods longer than a year. While there's no reason to believe it won't work - it will - you're risking that you'll get overtaken by a protocol change and lose it all

>> No.13488000

>>13487988
>While there's no reason to believe it won't work - it will - you're risking that you'll get overtaken by a protocol change and lose it all
I'm definetly wary about this. I probably won't lock down any big amounts for a long time until they have restored and locked down the protocol completely. Is there any easy way to use the loctime function. How did you do it?

>> No.13488029

>>13488000
I actually hand-coded it. Not the answer you want to hear, but it's the truth.

I was doing this as research into how it works so I was quite literally hand-forming the transaction using command line tools, then submitting it the same way once done. I don't actually know what tool I would suggest a non-programmer use to do it.

>> No.13488060

>>13488029
Come to think of it, the place I would ask is at the bitcoin stackexchange. Many of the devs of all projects are there. This shithole is only really good for artisinal trolling and salt

>> No.13488687

>>13488029
Thats really cool. I'm not a hardcore programmer, so doing this myself is out of the question. Hopefully centbee or handcash will add it as a feature soon