Damus
Liana Wallet · 43w
Liana doesn't currently help with your use case. If I understand correctly, you'd like to lock a majority of your coins so that they can't be spent by anybody for a specific length of time. Liana doe...
Bitcoin Dad profile picture
Awesome! Thank you for the detailed reply and I appreciate your hard work in this area. With regards to the timelock, where no one can spend the coins (let's call this a "no-spend timelock"), I do think this would be helpful for locking up funds in DEEP cold storage. Basically funds that you don't see needing for a while. As you approach the end of the no-spend timelock (eg 1 month), you can reset the timelock to always have the provable deniability that you cannot spend the coins. Once again, I think this will be helpful in preventing coercion like kidnapping.

Until this functionality is implemented, I don't see much need to switch from my current setup since this is technically simpler than adding a timelock and still provides redundancy.

I'm now following you on Nostr and I look forward to future updates!
❤️1
Liana Wallet · 43w
Glad we could be helpful! One quick follow up: > As you approach the end of the no-spend timelock (eg 1 month), you can reset the timelock Because it is part of the locking script on the coins, the only way to change or reset it is to wait until the timelock expires and the coins are spendable. Yo...