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204 sats \ 10 replies \ @sudonaka 18 Mar 2023 \ on: Mixing my own UTXOs bitcoin
Watch BTCsessions guide about joinmarket, or try wasabi. You will end up with a “dirty” wallet, and a new “clean” wallet (unlinked by the mix)
Don’t reuse the KYC’d wallet.
In the “men in black” showing up to your house situation, you will need a “story” about where you sent/lost the funds that you had. This is the “boating accident” joke origin.
The real recommendation if you are concerned about KYC- is that you sell all the KYC sats 1:1 back to the same exchange and pay your taxes on it. Then you go to P2P like bisq or hodlhodl and acquire different sats without KYC. Then you would mix those new sats so that the previous owners KYC doesn’t affect you. It’s a pain but privacy takes effort.
Think like an agent- you see a taxpayer acquired Bitcoin- then you don’t see a sale of Bitcoin….There are potential stories you could develop to explain away coinjoins but you gotta have a great poker face when the irs sits you down…. 💀
Acquiring sats peer to peer, without KYC is the only way to really achieve the goal.
ok a follow up: I've acquired about half my sats using a decentralized exchange, and have been storing those in the same wallet with my older KYC sats. have my KYC sats effectively tainted my non KYC sats, making them linkable to my identity? or would the "men in black" as it were still only be able to trace the KYC sats to my identity.
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Did you send them to the same public address?
If not, just label your coins as KYC & nonKYC & you can use a wallet like sparrow or electrum to send them separately into your new wallet
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nope, always different address everytime I pulled off of the exchange or made a non-kyc order.
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Then its fine
As long as you are labeling & using coin control (selecting which UTXO's go into the transaction) they will remain separate
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🙏
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Try doing “chain-analysis” yourself, find a transaction and trace it through the blockchain on mempool.space
I am not an expert on the subject, but I would say to be safe that the wallet is “tainted”
For example if I had any of the transactions to the wallet, I would be able to see any outgoing transactions as well, if the output is going to a mix/coinjoin- I would lose the ability to prove where they went- but would be able to know that it was mixed.
Again, not an expert- recommend looking up some privacy tutorials or hopefully someone more knowledgeable can tune in here. 🧡
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https://oxt.me/
Found this tool^^
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thanks a lot for taking the time to answer 🧡
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:) I’m learning too. I think I need to start thinking in terms of utxo more instead of “wallet”
I saw with sparrow wallet it helps track utxos and label them
Gonna read through this:
#38226
Happy 🐇 🕳️ travels
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🙏🙏🙏
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