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The_Dude 3 months ago
Can you provide some best practices during this chain split? Some things seem obvious like self custody, but I'm also hearing we shouldn't store too much BTC on a single UTXO. Previously I was under the impression we should be consolidating UTXO's. I'm concerned UTXO structure could be important when it comes time to move coins from the "bad" chain to the "good" one. Also, I have heard there can be privacy issues regarding both chains having identical wallet addresses, seed phrases, and so on. Any guidance would be much appreciated.

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- self custody - use your own node - dont make rash decisions - all will be fine, bitcoin is incredibly robust in regard to your other concerns they are not really relevant unless a market develops trading between the two chains, then you will have the decision if you want to proceed on that, there could be privacy implications based on how you handle that