Ultimately, you can do whatever you want. I am largely suggesting that if you support a system, then you should use it to make it stronger rather than getting scared away by fear mongers.. and largely a lot of speculative disinformation that is not likely to play out in real life scenarios. Yes, I recognize that you seemed to have identified a compromise that you believe to be acceptable (and that is surely for yourself to decide what you feel comfortable with), but maybe you should question the extent to which you might be overly cautious and not even attempting to use the segwit aspect of addresses for storage.
Largely you may be correct that there is not much of a difference... there also may be a certain non-necessity to move coins from legacy addresses to segwit addresses if they are already sitting in those addresses.
yup more or less this. at this point i see no need to move my legacy hodl coins just for the sake of a new format. when i do move them for trade/buy/whatever i move them in chunks to segwit as segwit does have an advantage in fees.
Yes. I am not really talking about fees and transaction times for long term storage. I do think that there are modern solutions to privacy that are being worked on with segwit. I am not sure if there would be as much development on legacy systems... but I am not really sure. So for example, I think that it can be helpful to divide your coins into different wallets, instead of keeping them in one wallet, and sometimes wallets will engage in some kind of unclear method of combining addresses within the wallet that you may have been trying to keep private, but then when you send, the wallet combines the addresses, so the output shows both addresses connected to you. In that regard, there may be newer wallets (such a segwit wallets) that are trying to deal with this issue and give more power to users to control.
this is a good point. legacy sucks for privacy and segwit/lightning may help in that. at this point segwit doesnt (that i know of) but as it evolves then there will be a real reason to use segwit aside from lower fees.
BTW trezor allows multiple wallets and each wallet is completely independent with its own addresses and coins that never mix. you can make each wallet legacy or segwit. i believe some software wallets can or are starting to allow much finer control of how coins are combined when spending, but i havent done any real research into it. i use trezor, paper and core for wallets.
so how is that playing into anyones hand?
I should not have to explain this concept. If segwit fear spreaders are trying to cause folks not to use segwit or to adopt it, then they achieve part of their objective when users act on such fears and fail/refuse to use segwit. It is largely a systemic issue rather than an individual issue.
ah i understand now.
i figure since im using core whether im using segwit or not, im supporting core as much as the next guy, im just not using all its features at all times. 98% of my current transactions are segwit with only the occasional transfer of legacy to legacy addys that i do to claim fork coins. for example the bulk of my coins have maybe four xfers.. pool -> core wallet -> paper -> trezor -> trezor again (to claim forked coins). i have a trezor t now so ill probably move them once more and claim whatever crap has forked since my last move. but ill keep the legacy coins legacy. yes, im stubborn i know. i dont like change when it comes to the storage of my money. segwit is too much change at the moment. safe storage is better than convenient storage. and legacy is the safest format at the moment. legacy has been battle tested. seqwit has not, as there is an attack vector segwit coins have that legacy doesnt have. so for the 1st time there is an attack that targets coins stored in a specific format (segwit) while leaving coins in another format (legacy) alone, and is easier to do. that is not what i want in my long term storage coins.
core offers both format. i chose legacy for storage and move the amount i foresee using for the next few months or whatever to segwit.
works for me.
i guess it boils down to why i would go out of my way to use segwit addys for long term hodl?
We remain early adopters and kinds of guinea pigs. We are going out of your way to use bitcoin, and to learn about bitcoin. The more we learn, the better we understand it.... Of course, there is a balance and only so many hours in the day to learn about new systems. When I first got into bitcoin, I attempted to learn about just a couple of aspects, and through the years, I have added more and more kinds of activities and for me, my participation in the bitcoin ecosystem has continued to be an ongoing learning process.. but I admit that I can only do so much at any one time. I am currently considering adding another wallet for myself, and so I understand that it can take a while to learn and to add more bitcoin tools to my bitcoin toolbox.
total agreement. i spent coins early on whenever i had the chance just to support the ecosystem and support vendors who accepted btc. at todays prices i dont even want to think about the value of the coins i more or less blew just to support the ecosystem, but i dont regret it a bit. after all its we who are proving the value of btc. we need to prove it "just works." to me that btc was well spent.
we agree on many things. especially the freedom to choose how we store and use btc. its up to the individuals comfort level and how much he trusts their knowledge of the subject.