Ross on Nostr: For sure, kyc is more liquid and has less of a premium attached to it. Kyc coins have ...
For sure, kyc is more liquid and has less of a premium attached to it. Kyc coins have their own risks like financial surveilance, black listing or exchange hacks that could doxx your btc stack and potentially making you a target. But it might make sense to have a kyc stack for financial emergencies and a non kyc stack for long term hodling. It really depends on your situation and threat a model. Just make sure to keep the stacks strictly separate. Use a wallet that lets you use coin control and utxo labelling like sparrow or electrum so when you send larger payments you can control which utxos get combined. Just my two cents, hope that makes sense
Published at
2024-01-24 01:11:44Event JSON
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"content": "For sure, kyc is more liquid and has less of a premium attached to it. Kyc coins have their own risks like financial surveilance, black listing or exchange hacks that could doxx your btc stack and potentially making you a target. But it might make sense to have a kyc stack for financial emergencies and a non kyc stack for long term hodling. It really depends on your situation and threat a model. Just make sure to keep the stacks strictly separate. Use a wallet that lets you use coin control and utxo labelling like sparrow or electrum so when you send larger payments you can control which utxos get combined. Just my two cents, hope that makes sense",
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