#human activity#
I'm thinking about how to split 1 BTC for future use. if the price will go somewhere to the 1m level I will however be under the radar of large fiat tx monitoring (<10k EUR) by authorities.
I'm uncertain about to spilt 1 BTC to 1,000 (0.001) or 10,000 (0.0001) adresses and hold them on a TREZOR.
any thoughts on that from you guys?
EDIT: but I think split 1 BTC to 1,000 adresses (1,000 x 0.001) should be enough.
All the effort we made in 2017 to try merge our BTC to avoid outrageous fees when claiming forks and now you are telling us it was an stupid move?
On perspective, yeah, it somehow was.
But... splitting one BTC into 1000 addresses? That is even more stupid.
If you want to split a BTC why not something like: 1x0.5, 1x0.25, 2x0.1, 5x0.01
I don't think the price will go somewhere near that "1m" level, at least not in this decade, but... if it happened I am sure I would have enough money to solve the problem and don't care.
Really, you don't want to split a BTC into that many useless parts that could be worth even less than the fees to move em.
2017..... fuck...... .
Mistakes were made.
Question becomes. Should attempt to undo such mistakes now, or just leave things as they are.... and/or wait for better tools...
I am afraid that some effort to take action now and separate coins, like you suggested bitserve, to split your coins into small manageable portions is just going to have a decent amount of potential to backfire in several ways... including not only the fees, as you mentioned, but also being able to go back and look at the same amount being split from a single source... reasonable inference that those are all owned by the same person, no?
Surely some tools are going to be developed, and seems that there are some on lightning network.
Let's say that you have 1BTC in a single address, but you want to start spending BTC from that address in 2027 to live on and for anticipated extra luxurious spendings... You might already have your regular funds and accounts, but this next six months you have a BTC spending plan which involves Going on vacation, airplane tickets and hotels, renting a car or two, buying some groceries, going out eating, and since 1 BTC is $1 million in 2027, you consider that you are only going to need about .06 BTC ($60k) for all of your anticipated extra vacationing/splurging expenses for the next six months. Accordingly, each month you send your .01 BTC from your 1btc address to your lighting channel, and as you spend those funds in the lightning channel, you replenish the channel with another .01BTC. What is wrong with that? Maybe you keep drawing from the same 1BTC address that gets depleted down to .94 over the next 6 months, but the recipient of the funds cannot see what address is funding your lightning channel, just can see that your channel has .01BTC or whatever amount that you need to make whatever purchases that you are making.
If that lightning channel tool is not available in 2027, then there could likely be other tool(s) that are available so that you could spend the equivalent of an extra $10k per month or whatever happens to be your budget, and not necessarily show from where the source funds are coming... AmiNOTrite? I would not need to play around with the whole 1BTC at one time, just to incrementally spend from that source.. and it might even be way more manageable than if I had prematurely divided that 1 BTC into 1,000 equal parts or even 100 equal parts.. just might not be necessary to divide in advance.