ChanceOfDizzySpells's avatar
ChanceOfDizzySpells
chanceofdizzyspells@fountain.fm
npub1l03m...430e
ChanceOfDizzySpells's avatar
dizzyspells 6 months ago
Thanks for the value. My fountain stash ran dry this month, so now, post pay cheque, I'm returning some value, wish I could send more. Keep up the good work, your summary keeps me in touch with the important news & events and I know I'd never manage this on my own, while also mining fiat. View quoted note →
ChanceOfDizzySpells's avatar
dizzyspells 6 months ago
Thanks for the value. My fountain stash ran dry this month, so now, post pay cheque, I'm returning some value, wish I could send more. Please keep distilling the major btc topics, threats, human rights news etc for those of us stuck (for now) in the fiat mines. View quoted note →
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dizzyspells 1 year ago
Basic, but really important question for the nostrverse. I'm spending some time thinking about fund management, coin control, doxxing etc. as I start to move closer to being on a btc standard. I'm thinking about where to store cleaned UTXOs & what happend if you have to use one for paying a bill which doxxes the change. Up to now, I've thought you should only put non-KYC'd UTXOs (e.g. from bisq) on a dedicated wallet, one which never touches KYC'd coins. But now, I'm starting to think it woud be ok to have both on one wallet, as long as I follow the basics rigorously; - use new addresses for each deposit - label all UTXOs, to avoid using rhe wrong one - back up labels - be careful not to dox a clean UTXO, by using for something that is delivered to my postal address. - maintain the coin labels (in case I have no choice but to dox a clean UTXO, e.g. if I had to pay a large fiat bill - larger than any LN channel capacity in a hurry/under stress, with no time to go through p2p, so I'd just want to use strike to convert from sound money to fiat, so that I could put that fiat stress behind me). - Never share my xpub (e.g. always export transactions explicitly as a csvfor tax reporting etc.), such that the unique address usage retains the privacy of the cleaned UTXOs Am I missing something? Is this actually doxxing my clean UTXOs? My alternative idea is to keep a wallet specifically for KYC'd UTXOs. This would be for 'trickle charge' savings, i.e. for those annual / every N-year bills. So those sats would not be a part of my strategic reserve, 'just' escsping debasement while I wait for the bill (undestanding that I must save enough to be able to cover the bill if it hits during an 80% draw down). Any advice, particularly from people who've been living on the btc standard, greatly appreciated. #asknostr