As much as possible on which you should be that discreet when it comes into the money that you are owning whether you've been that having tons of cash, or having tons of Bitcoin or crypto. Nothing beats out into those individuals who arent that tactful into their holdings or on how much money they do have. It doesnt matter whether on crypto or with fiat on which being silent would be that putting you out into those potential problems like being abducted or being that kidnapped or what and we've seen tons of situations for those crypto people who had been that into such experience and this had been done physically or in person. In speaking about into those people who are just that behind their screen on telling about that they have tons of coins, even if you do say that they wont be that easily be that being traced up but still we do know that there are those scammers or hackers that could potentially be that lured in into those people and ended up on getting scammed or hacked with having that little to very least possible information leaked on a certain user or individual. We do know that there are some people who are that being that too careless when it comes into this aspect on which it will be leading up into that exposure of such information. Some are that being that too confident that there's nothing that would happen into them even if they would be trying out to proclaim that they have tons of coins or much money. You wouldn't know on when disaster happens because at the moment that you do share up some information then expect that there would be those who would be trying out to make use of those informations and might that get interested on trying out to lure you in and get your coins. Its hard but its not impossible and we've seen tons of it already. Its better to be careful than say sorry in the end.

If I have chance to use my bitcoin, I would like to do it directly than converting my bitcoin to either fiat currency, cash or stable coin before using it for payment. It is inconvenient and also costs me more fees from on-chain to trading fee.

However, I NEVER bring my Bicoin fortune around only because I intend to transact my bitcoin directly for something. It's risky and I only do it with my hot wallet that contains very small part of my Bitcoin capital.

For big fund storage, it must be stored in cold wallet, airgap wallet while hot wallets are risky for big fund storage.

For big value transaction, how many Bitcoin confirmations is important too.
How many Bitcoin confirmations is enough?

On-chain transfer is good for p2p transfer (between two persons) and if you want to pay to merchant then best possible way is to use LN because on-chain will take lots of time for transaction to settle and both client and merchant don't want to wait for longer duration.

It's possible to hide you original balance as you have explained. It looks like the issue of kidnapping we have seen so far is not because of linking Bitcoin wallet balance with person's identity but because of person own disclosure about number of bitcoin's or other digital asset he has. These days there are many Bitcoin influencer's on social media that show there wealth to attract more likes and views.

Their safety shouldn't be in their minds all ppl deserve to be safe. It doesn't matter which job they're doing they've got a right to be safe. If they're visible like social media influencers or company owners they shouldn't be scared they'll be kidnapped or their families are in danger.

At the same time, you can choose to be afraid and lock yourself away, which I doubt is a very good solution for either the future power of bitcoin or the power that comes from people feeling comfortable to directly interact with their neighbors.  The powers that be would just love it if you squirreled your lil selfie away with your bitcoin and ONLY interacted through KYC verified (and approved) channels.


I am going to presume that people are honest rather than not.. .especially the neighbors and relatives that I may have had gotten to know over many years.  Sure, at the same time, there are ways that we can potentially screen folks, if we are going to interact, whether we interact with a merchant or if we might interact directly in regards to goods and/or services or any other ways that we might choose to interact with our neighbors and/or our relatives.


Sure there may well be various kinds of transactions that we might make in which we do not know the other party and we do not need to know the other party.. .especially the party who is paying... but frequently, we might need to know the merchant if they are providing a good that needs to be shipped, or if they provide a service, we might dispute if the service had been carried out at the agreed upon level.   I doubt that we can just characterize all transactions as if we don't need to know the transacting party, even though, there are likely examples of such anonymous (or quasi-anonymous) transactions. that might also involve reputations related to past transactions that each of the parties might have had done.


Yes, we know that the internet has potentials to cause low cost ways of stealing money without suffering ramifications of such stealing, so there are online incentives to get the gain if there is not going to necessarily be real world costs.  The costs in the real world may well vary in terms of potentially getting caught, so criminals might not be incentivized to perform a $5 wrench attack if there are high possibilities that they could either get caught or suffer consequences... so surely none of us should want to present ourselves as an easy target, yet I doubt that taking preventative measures is going to necessarily mean that I cannot be attempting to do in-person transactions from time to time..

We can agree to disagree and you can continue to advocate that it is not worth it and you can hide yourself and your bitcoins away like a hermit.  That's your choice, and sure maybe bitcoin will still be valuable, even if 80% of bitcoin users are squirreling themselves away and afraid to meet people in the real world (as a bitcoiner).


Any times there are various hops in the transactions, then there is plausible deniability regarding the balance of BTC that the person owns... and sometimes mistakes could be made in regards to who owns which UTXOs.

Let's say that I own a total of 0.791 BTC, yet I wanted to keep my main stash separate from the portions of my stash in which I am transacting, and so maybe I create five or six transaction wallet addresses with various amounts between 0.001 BTC to 0.01 BTC, and those will be for my transactions, and so maybe I divide my main wallet into 4 parts (4 addresses) with varying amounts of between 0.15 BTC and 0.25 BTC in each of the wallet addresses and those will mostly be my storage transactions, unless maybe I have some larger transactions that I might want to carry out...and so maybe I might consider that I am secure and than I have plausible deniability about the BTC addresses with larger balances since I am not really transacting with the UTXOs with the larger balance, and since I am ONLY transacting with my addresses that have between 0.001 BTC and 0.01 BTC.

Sure these kinds of techniques can work with larger and smaller level holders, even though I frequently suggest that guys should be attempting to avoid making smaller sized UTXOs such as UTXOs that are smaller than $500 - except maybe once in a while having some of those smaller UTXOs is fine, but they should probably be spent down to zero or consolidated during low fee times.

In essence, there are likely ways to attempt to provide ourselves with various safeguards of plausible deniability regarding our ownership of certain UTXOs, to the extent that such UTXOs are even plausibly associated with our real world identities, and sure our safeguards may well not be 100% foolproof, and so yeah some of us could end up in a position of being $5 wrench attacked whether we have any bitcoin or not.. .and so sure maybe your squirreling yourself away into hiding and denying any bitcoin ownership and not associating with anyone in the real world about your bitcoin might end up protecting you from such attacks, yet I still am not going to advocate that guys carry out their lives as social hermits and act as if they don't have any bitcoin.

They must be worried about their safety and security regardless of whether they have a lot of bitcoins or not. Their faces and identities are exposed through videos posted on various social media - so many people must know them and bad guys will target them for easy money. You can't say they don't care - in fact, many influencers who have a lot of assets will hire bodyguards for their safety and their family.

That is a solid point, when it comes to holding Bitcoin or investment, keeping a low profile is one of the most effective forms of security. You don’t need to show the world what you have staying modest keeps you safe and focused.
And you’re right about being careful with who you share things with, not everyone around you has good intentions. Before opening up about anything related to Bitcoin, it is wise to really know who you’re talking to.

Bitcoin influencers deserve the same personal protections as other ppl. They shouldn't be scared they've got to live life to the max so they should enjoy their time. If ppl are scared they'll be kidnapped they shouldn't post personal info in social media but it isn't fair to live life in fear.

When deciding to take that path, in the end they need to be aware of the possible conditions that occur and they only need to minimize it so that things that are not too expected are never felt later, especially for those who clearly show their activities or even their portfolios in crypto which makes them feel less secure but that is a risk and impact that is commensurate with them and the popularity they have.

Protection is optional but if it is felt that it is still possible to happen then it is up to the influencer but I do realize that when talking about fear it actually comes from our own suggestions but if you really want to be safer and more comfortable then in the end trying to stay hidden and anonymous is still one of the most appropriate steps to take.