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76 sats \ 6 replies \ @openyoureyes 17 Oct \ on: Random Question on Timelocks bitcoin
You can not timelock a specific address but all utxo send to this address can be timelocked. So the participants of the fundraise have to submit a timelocked tx.
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0 sats \ 5 replies \ @BeeRye OP 17 Oct
i see, so as it stands the time lock occurs to the utxo(s) when you broadcast the transaction
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155 sats \ 3 replies \ @DarthCoin 17 Oct
Make a test with Sparrow, the simplest one. Yes are other wallet apps that can do that. Create a "destination" wallet. From "source" wallet send a UTXO and set the timelock. It could fixed (based on block number) or variable (time/date)
All UTXO "deposits" on that destination wallet will be timelocked as you wish. This is the basic thing you can do now. If you want more complex transactions, will need to wait for covenants.
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0 sats \ 2 replies \ @BeeRye OP 17 Oct
oh interesting. Ya I will play around with that in Sparrow thanks
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55 sats \ 1 reply \ @DarthCoin 17 Oct
Be careful with the timelock calculations! There was a guy that instead of 10 years he put 1000 years.... šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚
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21 sats \ 0 replies \ @BeeRye OP 17 Oct
hahah, ill be careful and use a small utxos to test
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0 sats \ 0 replies \ @OT 17 Oct
Yes.
You use Jam right? I believe the fidelity bond is time locked. And for that you need to make an onchain TX.
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