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@megaptera
stacking since: #256599longest cowboy streak: 18
0 sats \ 0 replies \ @megaptera 24 Aug \ parent \ on: Send Bitcoin as a Gift with Piggy bitcoin
It has
and there is @DarthCoin :)
If Bitcoin hits that before the date it unlocks automatically
It is not, some maybe gives you your coins back.
I need to research how the time lock really on self custody.. Why would you even do that? Just do restrict you from spending it?
why? At least you have a "proof" that you do not have the coins anymore... Depending on the situation it does or does not matter.
Yeah, obviously. Its not that big of a problem if only the exchange knows. But as we all know, this is rarely the case.
I think is is a misunderstanding that you can get rid of the kyc through mixers and the like. The "dangerous" part about the kyc is in my opinion that there is a record on a central exchange which state that you bought X Bitcoin on date Y. Obviously you can get rid of the traceability of your coins by mixing them but the "buy" kyc record will be there forever.
But why are you so worried about kyc in the 1st place?
In this situation, this is probably the right question :)
The only way is to sell them back to fiat on the same exchange, transfer the fiat back to you and buy kyc free coins somewhere else. Even then there is the record about you buying bitcoin. If you "just" mix them, then the exchange does not not where your coins are but they know you have/had them.
If that will bite you in the future is hard to say. It really depends what you think is your thread model. (Taxes, $5 wrench attack etc..)
Maybe you just keep them and from now an you try to get kyc free coins and put them on another wallet.
I don't think you get a lot more out of this setup.
If you want to upgrade your current setup you could do the following steps:
- Use an additional passhrase (if you don't already use one)
- Create a multisig wallet. There it could be useful to use multiple sources for keys.
Keep in mind that those steps complicate your setup and can also be a potential danger to loose your coins.