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BIP 119: Fix Typo
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an template address ↦ a template address
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murchandamus authored Nov 25, 2024
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Expand Up @@ -503,7 +503,7 @@ For example, a exchange's hot wallet might use an address which can automaticall
storage address after a relative timeout.

The issue is that reusing addresses in this way can lead to loss of funds.
Suppose one creates an template address which forwards 1 BTC to cold storage.
Suppose one creates a template address which forwards 1 BTC to cold storage.
Creating an output to this address with less than 1 BTC will be frozen permanently.
Paying more than 1 BTC will lead to the funds in excess of 1BTC to be paid as a large miner fee.
CHECKTEMPLATEVERIFY could commit to the exact amount of bitcoin provided by the inputs/amount of fee
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