So, we would like to propose this feature to be added to Bitcoin protocol:
A "Time Lock" command for Bitcoin addresses.
Are you aware that Bitcoin addresses do not exist on the blockchain or in the protocol?
And that "addresses" are not spent, "outputs" are.
And that transactions don't have timestamps?
And that the timestamp on a block is unreliable as an indication of current real-world calendar time?
And that the change you are proposing would require so much modification to the way the protocol works that it would likely destroy the consensus system and the fungible nature of bitcoins?
The Bitcoin addresses are not in the blockchain directly but it is easy to calculate the addresses from Blockchain data so that seems to be a non-issue. Also, I thought the timestamps on the blocks that contain confirmed transactions was a good estimate of the time. I thought blocks won't propagate unless they are within a couple of hours of the average time of other blocks that were recently published. I also thought this capability already exists as part of P2SH. This sounds like a variation of the "dead man's switch." I thought these types of transactions are possible today as long as you can a miner to mine that type of transaction.