Quote from: Indamuck on September 02, 2019, 01:06:36 PM

Just share the private key of your funds while you are alive and avoid this complicated mess.

Lol, how about no Tongue

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If you can't trust that person enough then you shouldn't be leaving your money to them in the first place.

Even if you trust that person completely, you're still introducing another risk factor to lose your funds due to mistakes or theft.

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It is sheer stupidity to ever have something locked for years with no way to get out.

That's not what I'm proposing.

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What if bitcoin has another inflation bug that causes a catasrophic decline in price and you need to liquidate immediately.

HODL!

Quote from: iasenko on September 02, 2019, 01:14:03 PM

Holy Cow!! This is one of the best ways to give a gift to a newborn. I definitely will follow this method to give some babies a better chance for a easy future, I don't need to look for some stupid gifts they gonna trow in a year or two. Great work man, as always!! Just love reading your posts and ideas. Let's spread love and bitcoin

Which one are you going to use? The paper wallet with 25 year Locktime for yourself, or the 18 year Locktime with 25 year Locktime for yourself? The second option makes me feel slightly uncomfortable as I've never actually tested it. Another thing is that the receiving party has to trust you didn't keep a copy of the private key, and they'll only know for sure after at least 18 years! So you should probably only use this for people who trust you.
I'll wait for block 600,000 to happen to test it with the 0.1 mBTC (or see if someone else takes the funds before I do).

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Edit: just shared it on my twitter Cheesy

Aren't you supposed to spam a list of links if you do that? Tongue

Quote from: javadsalehi on September 02, 2019, 01:21:00 PM

Assume that I have 10 bitcoins and I sign a transaction which will be valid after 5 years from now. If I need money and I want to spend 1 bitcoin, what will happen?
Am I able to make this transaction? If yes, what will happen to that 10 bitcoins transaction?

As long as you have the private key, you can make any transaction you want. But that will instantly invalidate your Locktime Recovery Sheet, because the inputs don't exist anymore.