reply on: Cash App Concerns \ stacker news ~bitcoin

pull down to refresh

0 sats \ 9 replies \ @siggy47 OP 9 Jun \ parent \ on: Cash App Concerns bitcoin

Interesting you say that. He told me he sends directly to cold storage (not best practice) using a fresh address each time.

36 sats \ 5 replies \ @WeAreAllSatoshi 9 Jun

Sending directly to cold storage isn’t a best practice?

71 sats \ 4 replies \ @siggy47 OP 9 Jun

I'm pretty sure I was told that sending to an "intermediate wallet" that is self custodial, and then sending to cold storage improves privacy when the origin is a centralized exchange.

50 sats \ 0 replies \ @Mishawaka 10 Jun

How would that improve privacy? The exchange would see:

Exchange wallet --> intermediate wallet --> end wallet

50 sats \ 1 reply \ @Signal312 10 Jun

But then you'd want to coinjoin before sending to cold storage, no?

0 sats \ 0 replies \ @WeAreAllSatoshi 10 Jun

I think this has to be done in order to be useful. Otherwise it's just as @Mishawaka said here: #1002518

36 sats \ 0 replies \ @WeAreAllSatoshi 9 Jun

Ah, that could be

36 sats \ 2 replies \ @Jon_Hodl 9 Jun

Does he run his own node?

0 sats \ 1 reply \ @siggy47 OP 9 Jun

36 sats \ 0 replies \ @Jon_Hodl 9 Jun

I wonder if a chain analysis company has his xpub