Ok. An additional word to the standard 12 or 24 will simply generate a new mnemonic, a new set of private keys. What are actually the mnemonic words? A human readable form of private keys.
What you describe is practically a method of plausible deniability. Let's say you save those 12 words seed in 2 places. Then to one set you add a 13th word. This will be your real wallet with funds. Then to the same 12words seed you add a diferent 13th word and save it in another place. As a decoy. As a test. Empty or just with few meaningless sats. Or much better deposit a large amount of BTC but later move them from that wallet to another one, to seems like a "hack".
If you are in a threatening situation you just give them the decoy wallet, emptied and play the role of " hacked" loser that lost all his BTC.
In regards KYC, say KYC identity or KYC exchanges. Why? Because if you say kyc bitcoin that means there are 2 types of bitcoins. And that is not true. If that will happen then bitcoin is dead, useless, worthless.
Ok. An additional word to the standard 12 or 24 will simply generate a new mnemonic, a new set of private keys.
What are actually the mnemonic words? A human readable form of private keys.
What you describe is practically a method of plausible deniability.
Let's say you save those 12 words seed in 2 places. Then to one set you add a 13th word. This will be your real wallet with funds.
Then to the same 12words seed you add a diferent 13th word and save it in another place. As a decoy. As a test. Empty or just with few meaningless sats.
Or much better deposit a large amount of BTC but later move them from that wallet to another one, to seems like a "hack".
If you are in a threatening situation you just give them the decoy wallet, emptied and play the role of " hacked" loser that lost all his BTC.
In regards KYC, say KYC identity or
KYC exchanges.
Why?
Because if you say kyc bitcoin that means there are 2 types of bitcoins. And that is not true. If that will happen then bitcoin is dead, useless, worthless.