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it wouldn't work because the timeout is supposed to be part of the game. If you can't move in 3 days tough luck, start another game.
Another reason: Many players that time out are playing 800 games or so and probably don't care about one or two timeouts and don't want to burn vacation on them.
Plus isn't it more fruitful to simply avoid certain players before you begin a game with them, then to play games with these people and setting up safegaurds in hind sight to protect yourself?