/biz/ - Business & Finance

>>54781274
>why reactive security with proper consensus enforced time locks and retrieval paths are so important.
Why not just use smart contracts on a network that supports them rather than a convoluted time lock system? A multisig smart contract that released funds after receiving instruction from two wallets would be better here since they could be instructed to release funds to any wallet that receives it receives instruction to from the multisig rather than a pre selected one. All you are doing is changing the wallet that is a single point of failure from the old wallet to the timelocked one. The only reason you would do this is if you are a shill for a turing incomplete network that is coping with it's lack of smart contracts by using timelocks as a nigger-rigged alternative.

I use crypto as a currency instead of hoarding it in a vault so using timelocks is impractical for me. I would rather just have hot and cold wallets like a sane person.