how? I'm very interested in your answer, really.
And if you do use a mixer or are able to really ofuscate your coins... then comes the problem on future AML/KYC where you could have problems spending your coins.
if you have countries like Portugal or Germany (where you just have to prove you own the address more than a year) i do expect not a large problem even if you have to go with the AML/KYC procedure.
Prove of ownership more than a year in the past for a single adress with a amount of 0.001 BTC on it would be perfect for me in 2027.
Well, let's say you do your split one BTC into 1000 parts. Ok, unless you do a lot more additional movements it would be easy to see where do those BTC come from. AND if you ever use more than one to do a payment (ie: for any tx higher than 0.001) you will have to combine several and then it will be absolutely clear the common point where these addresses come from.
It's not just proof of ownership, but origin of funds... something that complicates if you do manage to really obfuscate the origin of yours. And in the case of using a mixer, you could end with coins "tainted" in some way or another.
I mean, yeah, go split some of your coins if you want.... but don't go full retard on it
i don't doubt that if you have addresses with which you will get in focus of authorities because you have an monthly income of <10k and you want to cash out an address with >500k on it. but if you are flying under the radar with small addresses you don't have to prove the origin of funds. and even if. I bought mining equipment for what? to play SatoshiDice and lost all.
It depends on what you plan to do.
Will you will you not want to cash out a significant ammount?
If you won't ever cash out, or only insignificant amount then yeah, whatever you do will probably irrelevant.
But, if you ever want to cash out a significant amount, ie: 50K, 100K, 500K, 1MM... You better be prepared to demonstrate origin of funds and, probably, full "chain of custody".
That you do it using small batches doesn't really matter. It is the yearly total what does.
KYC/AML will only get worse in the future. It is for that what you do want to be prepared.
to this differentiation of you I can fully agree now.
As I said, there is some point in maintaning some separate BTC "accounts" but splitting 1 BTC into 1000 addresses is totally unjustified, cumbersome, expensive and probably doesn't offer any advantage. But hey, it's your BTC!
not less convinced of the opposite as some posts before.
EDIT: man, can somebody tell Thermos he should switch to the feature back that if someone is editing his post and a other user quotes this unfinished post (because of editing) then always the newer version should be quoted and not the unedited. this sucks!
example post unedited: "to play SatoshiDice and lost all."
after editing and finished before the quoter finished his post: "to play SatoshiDice and lost all or either not."
but the quoted post still shows (although he finished his post later then the editor): "to play SatoshiDice and lost all."
it was better before!
