No, it's actually bad for privacy
But if the UTXO are already all linked to your identity, you don't lose much by consolidating them I guess
Question to the UTXO OGs:
Does consolidating UTXOs you received directly from an (KYC)exchange to a new adress help to improve privacy?
I am not talking about coinjoining. Just consolidating some UTXOs to new adresses. I asume this would help when trying to deny that you have access to the mentioned UTXOs, because they don’t sit in adresses they know you control. You could say you accidentally moved them to wrong adresses or traded them for something. Or is this too shortsighted?
nostr:npub1v9qy0ry6uyh36z65pe790qrxfye84ydsgzc877armmwr2l9tpkjsdx9q3h nostr:npub1lxktpvp5cnq3wl5ctu2x88e30mc0ahh8v47qvzc5dmneqqjrzlkqpm5xlc
#asknostr #bitcoin #utxo
Discussion
sending UTXO (parts) to a different address (not consolidating) gives you plausible deniability. But not much so if you consolidate
so if you want to go with the plausible deniability route, you should spend randomly, spread out over time, to fresh addresses
thanks mate, much appriciate your advice 🙏
So could this fresh adresses be within the same wallet or can they be linked in some way?