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Written by James Just James on 2025-01-25 at 05:37

Cryptocurrency algorithmic design idea:

Be able to set a blockchain flag that prevents how quickly you can transfer currency, depending on the amount.

For example, $1000 you could do right away, but for $10,000 you'd need to make an initial "early commit" which can only complete 48 hours later with a second signature based on the current chain (to prevent pre-signing) and so on... That window stays open for a set period and so on...

This could help solve some of the ransom issues.

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Toot

Written by James Just James on 2025-01-25 at 06:40

FWIW I don't own any cryptocurrency, but I'm fascinated with the idea of a decentralized financial system that actually works.

This is driven by my increasing dissatisfaction with the modern banking system, which I genuinely think has more scams and fraud going on than anything I've seen in the cryptocurrency world.

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