protocolSociety on Nostr: Could be done using multisig and without timelock: 1) Generate priv keys using ...
Could be done using multisig and without timelock: 1) Generate priv keys using entropy that on avg requires X months of work (very similar to block difficulty). 2) Derive pub keys. 3) Destroy priv key. 4) To spend you now need to re-generate priv key(s for multi) which will on avg take X months. Bonus feature: never need to re-new spends etc., because countdown to spend starts when you start grinding.
Published at
2025-01-11 15:29:01Event JSON
{
"id": "c79724a1b1e40ac14572a5892a4a44b6d3beaac855262b7aa336dbe5574478da",
"pubkey": "f55447498e803276eda9b3144ab75faf1ffd10d88348d59a597f4c20d0498b47",
"created_at": 1736609341,
"kind": 1,
"tags": [
[
"e",
"b637c955d5b7e48253fe2d8f204db8b646b5ab825100219faf3e018056af208a",
"wss://nostr.oxtr.dev",
"root"
],
[
"p",
"1afe0c74e3d7784eba93a5e3fa554a6eeb01928d12739ae8ba4832786808e36d"
]
],
"content": "Could be done using multisig and without timelock: 1) Generate priv keys using entropy that on avg requires X months of work (very similar to block difficulty). 2) Derive pub keys. 3) Destroy priv key. 4) To spend you now need to re-generate priv key(s for multi) which will on avg take X months. Bonus feature: never need to re-new spends etc., because countdown to spend starts when you start grinding.",
"sig": "9a281e382515da6ec403e8986bd3737461d653be231ef9eb27dc3d1c51dac561bf4a9358ee742da4aa5e2cbda9970ea2e200326903d8a0678c6c6229ec4d333c"
}