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Could this kind of problem be solved well using smart contracts? (Not for Bitcoin, obviously, but on some more sophisticated blockchain system). Like, have a t

Could this kind of problem be solved well using smart contracts? (Not for Bitcoin, obviously, but on some more sophisticated blockchain system). Like, have a thing where if your wallet is inactive for a period of greater than one year then all the money inside gets transfered to your spouse/mother/financial-trust so that you can recover it?

rfd4sgmk8u 6y ago
This can actually be solved using smart contracts in bitcoin, it is built into the underlying bitcoin opcodes -- CSV https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0112.mediawi... This is the underlying mechanism for Unilateral Channel Close in the lightning smart contracts (on bitcoin), a timeout spend clause. Note: It wasn't a thing when these coins were first acquired, so it doesn't really help in the situation.