BTCapsule 🏴🧡 on Nostr: BTCapsule cannot know when you die, but you can timelock for a year, and before the ...
BTCapsule cannot know when you die, but you can timelock for a year, and before the timelock expires, redeem your own coins and create a new timelocked wallet.
It works by timelocking the P2SH address at the *script level* with a unix timestamp of 500,000,001. Then it creates two raw transactions that are timelocked at the *transaction level*.
The senders wallet is timelocked to 500,000,001 and can be redeemed at anytime, but the receivers wallet is timelocked to whatever date the sender chooses. Both receive a raw transaction that can be broadcast on a block explorer when they’re ready to redeem.
It works by timelocking the P2SH address at the *script level* with a unix timestamp of 500,000,001. Then it creates two raw transactions that are timelocked at the *transaction level*.
The senders wallet is timelocked to 500,000,001 and can be redeemed at anytime, but the receivers wallet is timelocked to whatever date the sender chooses. Both receive a raw transaction that can be broadcast on a block explorer when they’re ready to redeem.