Should bitcoin long-term, cold-storage, be stored in a legacy or segwit address?
Does it matter?
#asknostr
#swarmstr
#bitcoin
Discussion
I was wanting to move to a taproot address but wallets are behind.
As I understand, segwit is good since enough people use it, the soft fork has been accepted. You can't undo segwit fork at this point. Just hold up on new features until enough of the nodes are upgraded.
this makes me think legacy is safer for unknown long-term hold..
Cold storage is meant to be for access at a distant future point in time. Makes sense to me to put it in the most advanced tech available today. I would taproot all the SATs for long term storage personally.
interesting take.
soft-forks seem less stable when zoomed out
perhaps a non-issue, but "75% of all coins in circulation today are stored in legacy addresses." (July 2022)
I'd probably guess that a decent percentage of those won't ever move. Do what feels right to you. As always, you flare the only one responsible for your own funds.
I'll be honest the fact legacy, segwit and taproot are all existing and interoperable in most wallets I wouldn't worry. Just like how windows still has legacy software from dos it still uses to this day and is included.
which, to me, equates to "safety" being on that "base" layer over any soft-fork regardless how used or accepted.
I'd not once thought about segwit, legacy before today.... fuckin rabbit holes, no wonder bitcoin consumes my life.
every.
fucking.
day.