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@ cf7ad05f:a5e1d726
2025-05-05 13:31:18
I have seen an idea for another time locked recovery path concept that doesn't require renewal. The idea was to share presigned transaction, to use a recovrey you broadcast the transaction, which will trigger an on-chain even that start the time lock count-down. X blcoks after the first recovery transactions is broadcasted, the recovery path will be able to sign another transaction to withdraw the BTC to another wallet unless the person who control the original path move the BTC away before the timelock expire.
It's like a deadman Bitcoin switch.
This need machines activeley monitoring the blockchain (or you put a reminder to manually check at shorter interval than the time lock, like once per year if the timelock is 65'000 blocks.
However I don't remember where I saw this concept and if someone is working on it or not.