Bitcoin War Bonds...
552 sats \ 5 comments \ @moel 10 Oct 2022 bitcoin
Maybe in times of duress it's a good idea to make time locked transactions that will make certain that the bitcoin utxo will only be available in 6, 12, 24 months?
Like governments of old sold 'War Bonds' with messages like America Needs YOU! we could make it cool or hip to do a similar thing in the broader bitcoin space, maybe?
Thoughts?
write
preview
related posts
501 sats \ 0 replies \ @F 10 Oct 2022
I'm pretty sure it's already possible, but seems silly to me. Just have discipline and set some goals.
reply
10 sats \ 0 replies \ @k00b 10 Oct 2022
Allegedly, Svetski did this with his bitcoin.
reply
0 sats \ 0 replies \ @VzxPLnHqr 13 Oct 2022
@moel For what it is worth, I think that this is an incredibly deep topic and worthy of discussion. We can leave the war analogy out of it, but ultimately what you are (I believe) pointing out is that there could be a valuable signal which the bitcoin community can send. It might be faint at first, but it would be a start.
Time-locked utxos (or the more esoteric, work-locked1 utxos) might be an additional way to measure bitcoin's commitment to its own future.

Footnotes

  1. a toy project of mine https://github.com/vzxplnhqr/sig-pow ↩
reply
0 sats \ 0 replies \ @8 11 Oct 2022
What is the intention of this? To stop the price from going down in times of war?
reply
0 sats \ 0 replies \ @DarthCoin 10 Oct 2022
  1. Associating Bitcoin with war is idiotic. Bitcoin is anti-war
  2. Don't copy like a parrot what govs are doing
  3. This will not help in any way Bitcoin.
reply