OrangeSurf on Nostr: Peter Schiff posted a bitcoin address on X yesterday. A cursory inspection of this ...
Peter Schiff posted a bitcoin address on X yesterday.
A cursory inspection of this address could give the impression that Peter has a large amount of bitcoin, because this address has been an input in some large consolidations. Actually he posted his coinbase deposit address, and the subsequent spends from this address are just coinbase managing their utxo set - the large outputs are not his!
So be warned, posting an exchange deposit address publicly in this way exposes you to the risk that a mistaken thief thinks you have much more bitcoin than you actually do.
A cursory inspection of this address could give the impression that Peter has a large amount of bitcoin, because this address has been an input in some large consolidations. Actually he posted his coinbase deposit address, and the subsequent spends from this address are just coinbase managing their utxo set - the large outputs are not his!
So be warned, posting an exchange deposit address publicly in this way exposes you to the risk that a mistaken thief thinks you have much more bitcoin than you actually do.