[bitcoin-dev] BIP - Dead Man's Switch

Pieter Wuille pieter.wuille at gmail.com
Mon Dec 11 18:26:40 UTC 2017


On Dec 11, 2017 10:23, "Nick Pudar via bitcoin-dev" <
bitcoin-dev at lists.linuxfoundation.org> wrote:

This topic has come up several times in recent years. While it is well
intentioned, it can have devastating outcomes for people that want to save
long term. If such a system were implemented, it would force people to move
funds around in order to not get nullified. In that process, it introduces
multiple opportunities for errors. Cold storage should be able to stay
cold. I personally would be apprehensive about implementing this kind of a
system.


Furthermore, if it rewards miners with funds that are expired, it creates
terrible incentives. Miners in their best interest could choose to censor
transactions that move funds close to their expiration time, to increase
their own future rewards.

Cheers,

-- 
Pieter
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