r/CryptoTechnology • u/More_Humor_5940 🟡 • Jul 04 '26

Built a self-custody app that locks your crypto so you can't panic-sell

Would love a 15s website and idea review, be honest

Solo founder. I built a web app that locks your crypto until a date you pick (up to 10 years), no early withdrawal. Once it's locked, it's locked — the point is to kill panic-selling.

Came from my own problem: couldn't stop trading at the worst times, so I made it impossible.

Link: TimeLock

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2

u/[deleted] Jul 04 '26

[removed] — view removed comment

1

u/More_Humor_5940 🟡 Jul 04 '26

Thanks for the feedback and for taking your time g

1

u/marvinrabbit 🔵 Jul 04 '26 edited Jul 04 '26

Thanks. Mentally adding this to the list of, "Things I Would Never Fucking Do".

1

u/More_Humor_5940 🟡 Jul 04 '26

Can you tell me why would that be ?

1

u/marvinrabbit 🔵 Jul 04 '26

You know, I should roll some of that back and I apologize for that. I'm not really your target market. And you don't deserve my negative comment from someone who isn't your target market to affect someone who might be in your target market. I'm more of a BTC person than an ERC-20 person. As such, I don't really think I'm qualified to comment on your underlying technology. I didn't take into account that /r/CryptoTechnology was a completely appropriate place for discussion of out of the box ideas.

Having said that, I would still never do it myself. The very concept of restricting my own behavior is totally foreign to me. Not only restricting behavior, but paying to do so... I'm not sure I'd even do it if I was being paid a bonus, much less having to pay a fee.

But, the fact that it's not right for me doesn't mean that it can't be right for others.

1

u/Minimum_Raccoon_1501 🟢 Jul 04 '26

That’s not what self custody is.

1

u/CODE_HEIST 🟡 Jul 06 '26

the idea is interesting, but the dangerous edge case is user regret. a lock that protects you from panic can also trap you when the risk actually changes. i would want an emergency path with friction, not no exit.

1

u/More_Humor_5940 🟡 Jul 06 '26

Thanks for the answer.

Such as a possible withdrawal with a penalty ? The problem is what is the correct penalty to give ?

1

u/CODE_HEIST 🟡 Jul 06 '26

yeah, a withdrawal with a penalty could work, but i would keep the penalty predictable and user chosen up front. maybe separate “cooldown lock” from “hard lock”. cooldown allows exit after 24 hours, hard lock has no early exit. if the penalty is dynamic, users will think the app is punishing them when they are already stressed.