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From: Jeff Garzik <jgarzik@bitpay.com>
Date: Fri, 8 Aug 2014 14:13:20 -0400
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Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] deterministic transaction expiration
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On Fri, Aug 8, 2014 at 1:38 PM, Tom Harding <tomh@thinlink.com> wrote:
>> 4. add a new IsStandard rule rejecting transactions with an nLockTime
>> more than N blocks behind the current tip (for some fixed value N, to
>> be determined)

It cannot be assumed that transaction creation time and transaction
publish-to-outside-world time are the same, even though they often
are.

-- 
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc.      https://bitpay.com/