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    Author Topic: Need OP_BLOCKNUMBER to allow "time" limited transactions  (Read 4850 times)
    ByteCoin (OP)
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    November 15, 2010, 01:17:03 AM
    Merited by ABCbits (2)
     #1

    At the moment, if you make a payment to someone but they've wiped their wallet then the coins are irretrievably lost.
    Similarly, if the network is flooded with 0.01 fee transactions and you make an urgent payment but forget to include a higher fee then you can't reissue that payment backed by the same coins but with a fee.

    If you could cause the current block number to be pushed on the stack and do some maths with it then you could implement a payment that must be spent by the recipient before a certain block number is reached or else the script would allow it to be spent again by the sender for example.

    I suspect that this would be a very popular transaction mechanic.

    ByteCoin
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