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@bryan 1697489360

Can somebody help me understand what Michael Dunworth is describing?

Sharing a private key? Pushing bitcoin into the future? Having it available to miners in 100 years?

I get the basic idea, but what determines who is rewarded the bitcoin?

Anybody know how to reach him, maybe he would be open to explaining it to me?

19🤙4

MCBitcoin · 136w

I think the idea is to time lock a utxo for a certain block height long into the future using a vault like op code. Then you broadcast the private key. Whichever miner finds that block will be able to spend that utxo to themselves.

Slimey Limey · 136w

I met him a couple of times, he is very approachable, I don’t think he is here, but you can ask him on twitter

Guy Swann · 136w

It might be a variation on an idea I’ve thought about myself. Goes something like this: Spend a small amount of BTC automatically to an “anyone-can-spend” address with a timelock for 50 years worth of blocks from now. Do like $1 worth every on-chain transaction. Then it will get unlocked at t...

Brisket · 136w

Hey nostr:npub1n40lpgkc2gzvgr22cfamy6ymax225xe0707gfugle9rukx50k3lqvl25h6, we have questions brother. 🧡🤙

nostr:npub1dld9hn3gsgtkh7atl26s8gd49qfjjkpdw8ztap9mk4n7vhq60y0satfd8s Using the concept of "Time Locked Address(BIP 65 )", we can create a transaction today. In order for someone to unlock the coins in that transaction, not only do the un-locker need the Private Key, they would also need to wait fo...

https://bitcoinmagazine.com/culture/bitcoin-is-time-traveling-energy He has a GitHub where he originally posted the idea and I think also the private key 🔑

Michael Dunworth · 136w

Hey! Sorry about the delay! Yes so the idea is to artificially plant coins into the future via Timelock addresses. The Timelock addresses are unlocked after a certain blockheight. The miners and everyone else already have the private key… So essentially whoever mines the block can pay themselv...