#asknostr
If I wanted to improve my Bitcoin security and at the moment half the stack is KYC and the other is KYC Free.
I was thinking about selling the KYC BTC, re buying non KYC so it can be in the same wallet.
Then creating a multi-sig with 2 of 3 stored at different locations + a honeypot stored in a safe at home.
My main concern at the moment is that I have 2 different stacks
I guess you could do that… I too have some KYC sats but I’m okay with it
Yeah I’m okay with the half KYC element
But it’s the storage of it all which is the issue for me, that’s a lot of keys to try and store
You could also create a new hot wallet via Sparrow wallet and keep the KYC stack in there? Sure, not as safe as cold storage… but 🤷🏼♂️
That’s not the worst idea
I have a old laptop with a fresh Linux install on it that I could use
Linux is even better! Omg, I also have an old laptop on which I could install linux
I’m pretty new to Linux but it’s now on every computer at home lol
Fuck windows 🤣
I once had linux installed and I love how it looked back then! But never really used it that much.
In terms of #bitcoin storage. Would it make sense to create a new setup with linux on that old laptop and only use that one as a wallet so to speak?
#asknostr
Yeah I’m not an expert by any means, but you essentially make the spare laptop/pc a bitcoin hub and only use it for Bitcoin related activities
Think that's ok. Also have some kyc SATs on coinbase.
Yeah I’m okay with the KYC element, I’m sure it will be useful one day.
But if I was to keep it this way it’s a lot of keys to try and store securely
If you feel like you need to go through that trouble, then go for it.
Personally, I wouldn't bother. Those of us that own KYC'd coins are, unfortunately, ''on the radar''. They know you have a stack, and selling the KYC'd coins doesn't remove the KYC. I'd set them aside for now .. see what future tools are available in the next cycle 🤙🏼
That’s it, I don’t feel like I need to go through all that trouble lol
I’m just wondering cause it’s a lot of keys I need to hold if I was to go into a multi sig for example
You could use a mixture of lightning and liquid as a poor man's mixing service, and consolidate all your KYC coins into one stack with fresh UTXOs .. maybe?
Another good idea.
I need to do some more research
Useful tool ..
Thank you sir
Ah, that's what I was hinting at too. So via Liquid you can get rid of the KYC attached to your lightning coins you exchange via Boltz?
KYC is attached to you .. you can only remove the link between yourself and the UTXOs you have, boltz can help, but you are KYC'd regardless ..
But if you buy directly on Lightning, do you have UTXO's? If you stack several times on Lightning & once every so often, you create 1 Liquid transaction with all those little stacks. And if you repeat that till you have a fat L-BTC amount, you then consolidate that fat L-BTC amount into one BTC UTXO, is there any KYC info? Sorry if this is a bit out of whack, but I was already stacking this way, till I saw the exact same movie from Blockstream/Liquid Network.
KYC is attached to *you* .. you can break the traceability of your stack, but you can't be unKYC'd ..
I often wonder, can you un-KYC coins by using nostr:nprofile1qqsfjzteswm5cuyqpvvz40r0vszx4dcyql5u40xkeats5w9d48hht4gpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtc2w3wzp? Say you buy directly into Lightning through KYC onramp. You change Lightning to Liquid at a certain time. After a while, when you keep stacking like this, only then you go onchain. Is your coin still KYC'd?
KYC corn is good to have in some cases. The down payment on my home would not have been possible without proof of where my corn was bought and sold shown to the bank underwriters.
Yeah I’m defo no opposed to having a KYC stack.
It will come in handy in the future
I’m just trying to work out the logistics of having two stacks across multiple multi sigs/ 1 of 1 hardware wallets
