Hi All,

Thanks for the comments.
benjamindees, thanks for the comments. I didn't understand everything from the links you sent.

Is my following understanding correct?

- Locking of transactions can be done
- It is possible to spend the coins  you have locked, but it will result in your previously locked transaction being invalidated, for double spending reasons
- a procedure called "isfinal" in the bitcoin code is broken

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Since this is the economics thread, I would mention that point 2 is really not the feature I would like to see. If those coins can be spent, then that undoes the point of the locking, right?

If my understanding is wrong and this feature is an available feature, then concerns by other posters about the vulnerability of bitcoin to being crashed by sudden spends is actually a very valid one. People with large balances, if they want the cryptocurrency to succeed, should be placing their coins in cold storage in this manner. There should be a way to scan how many coins are placed in dealyed transaction mode and upto what block height have they been locked. If this is a shaky feature, I understand them not wanting to do that.

Bitcoin allows people to know the overall monetary supply. Knowing the number of current, "available to spend in the next 10 minutes" coins will provide a greater sense of the actual money supply that can be deployed, and thus a greater sense of stability.

Infact, unencumbered by the present bitcoin legacy, an altcoin could have delayed transaction acceptance as a feature of allocating coins as well, moving more coins to those who are willing to spend them later.