Re:Taproot, Bitcoin’s long-anticipated upgrade, has activated
by TekMol on Monday November 15, 2021 @09:42AM
(#29227931)
Katy could empty that account at any time
That would be a pretty lame virtual bank then :)
Realistically, the spending conditions are either limited by time. So Billie knows she needs to withdraw until a certain date or Katy could betray her. Or the spending conditions contain a punishment for betrayal. So if Katy tries to withdraw money she assigned to Billie, Billie can intervene, get her money and punish Katy.
Realistically, the spending conditions are either limited by time. So Billie knows she needs to withdraw until a certain date or Katy could betray her. Or the spending conditions contain a punishment for betrayal. So if Katy tries to withdraw money she assigned to Billie, Billie can intervene, get her money and punish Katy.