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0 sats \ 4 replies \ @jk_14 27 Oct \ parent \ on: Questions about your cold wallets rotation bitcoin_beginners
convince me it is better to have:
- cold wallet with public key exposed
than
- cold wallet without public key exposed
"Using your brain doesn't cost you nothing" ;)
both are anyways "exposed", are visible on the blockchain. So what't your point with "exposed" ?
Or are you announcing publicly on nostr that you moved your wallets to new addresses ?
On the blockchain will appear as a regular transaction anyways, but nobody knows that is the same owner. You do not do a 1:1 amount moving, you do 1:many or many to many with random amounts.
These movements also could be very well used as decoys... "uuups I got hacked, somebody stole my old wallets".... but nobody knows the truth (that you send to yourself).
If your old seed get compromised, they will find only... 0 sats... "nice try fucker you spend a lot to get my old empty wallet".
reply
"If secp256k1 will be broken, then:
- All Taproot addresses could be spend by key.
- All hash-based addresses could be spent, if the public key is revealed (so if a transaction is in mempool, or if there were previous transactions in past blocks). If the public key is unknown, then those coins will be unaffected."