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43 sats \ 2 replies \ @DarthCoin OP 27 Apr \ parent \ on: Bitcoin Beginner Saloon #3 bitcoin_beginners

You asked about using Zeus as LN wallet, not onchain cold storage...
Are two different things.
A LN wallet should NOT be used for long storage, only for sporadic or daily routine payments. DO NOT put into / open LN channels if you do not use them!

For onchain holding, I've explained in more details in that guide I mentioned before:

  • think about how often you will open new LN channels in the future, then size them accordingly
  • think about how much you will want to move out of long cold storage, someday in the future. So create many different sizes UTXOs for each of these oacassions. So when you will have to move out, move only the UTXOs that are appropiate of that use amount.

Spreading your stash into many pieces is important. Pieces means not only one wallet with multiple UTXOs, but also multiple (types) wallets with multiple UTXOs, multiple sizes.
Spread is good also for the so called "5$ wrench attack"... it works like a plausible deniability case.

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1 sat \ 1 reply \ @chris21million 27 Apr

Correct, I should have explained in more detail

Thanks Darth

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43 sats \ 0 replies \ @DarthCoin OP 27 Apr

Is ok, additional questions and explanations will make others to read here and learn.

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