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Author Topic: A piece of advice from Satoshi that you shouldn’t ignore  (Read 1029 times)
d5000
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September 09, 2026, 08:25:39 PM
 #41

(Yes, I read what d5000 wrote and don't quite agree with his reasons.)
I would be interested in why Smiley

My main argument is that humans are fallible, and if the wallets are really thoroughly checked to be empty, at least some months after the last transaction you remember, then from this point in time on, taking into account human error, the probability of a bad outcome (e.g. a privacy leak) is probably higher than the probability of a good outcome (e.g. someone sent you BTC to an old address, or you forgot some coins - where, actually?).

The problem I see is that if you have these backups somewhere on your device (or the seed on paper, for example), then you may eventually forget which wallets they were from. Or you are curious and check them. And then the privacy leaks can happen.

To be fair the only cases where you'd be hurt by a deleted backup after a thorough check, that may be a bit realistic:

- that you miss a forkcoin that just activated when your old wallet still held coins, and "surprisingly" got a pump. Smiley
- that yourself send accidentally funds to an old address - but that's why I wrote "if you never re-used an address", and in this case you also wouldn't have stored this address in a "contacts" section of another wallet.

I generally trust my own human error factor enough to keep a backup of most of my old wallets. And in some cases I re-used addresses, so these wallets should *not* be deleted because you're more likely to make a mistake if you delete the wallet or seed phrase. I have to add that this also is true if you shared an address somewhere, for example to a family member, a recurring customer or business partner, etc.

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September 09, 2026, 10:31:29 PM
 #42

I keep a backup of the wallets I no longer use in a specific folder on my computer for that purpose. I know that if I delete them, I won't miss them since I don't use them anymore, but they take up very little space on my hard drive. I have Bitcoin wallets and wallets for other cryptocurrencies.


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September 09, 2026, 11:51:20 PM
 #43

I totally agree with you that satoshi advice of not deleting old wallet has a very deep meaning. You may not need it today, but you may end up needing it tomorrow, no one knows what tomorrow has in mind. That’s why keeping the keys and backup properly are very essential, especially in bitcoin where losing your keys can  mean losing access and everything altogether.

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September 10, 2026, 02:26:19 AM
 #44

Yea, there's no need to actually delete an old wallet without keeping the keys backed up somewhere. A situation might arise in the future where you might want to sign a message to prove that the address actually belongs to you, if you can not sign the message, then there might not be an alternative way to prove that you owned the wallet. So, this advice is very important to adhere to. My old wallet that I lost, I didn't intentionally delete it but Iost the jotter that I wrote down the key, else I don't delete old address.
Yes, I am not in favor of deleting wallets. But there is no need to create more wallets unnecessarily. If the amount of funds is very large, according to the current situation, we can divide them into several wallets and copy a few of their seed phrases and keep them as backups. If for some reason we open an account in a bank, even if we do not transact with that bank in the future, we still store the account info of that bank. Because it may seem that it may be useful in the future. And a Bitcoin wallet is more important, more secure than a banking account.

And a psychological connection is also created with the old wallet. Many times, the same seed phrase is memorized after seeing it, so the brain also creates an option for seed phrase backup. According to the overall situation, I think that the wallet should not be deleted at all. The seed phrase should definitely be backed up. And do not create wallets unnecessarily.

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September 10, 2026, 03:30:30 AM
 #45

- that yourself send accidentally funds to an old address - but that's why I wrote "if you never re-used an address", and in this case you also wouldn't have stored this address in a "contacts" section of another wallet.
Never re-use an address is a good practice for privacy but I see chance for sending my bitcoin to my old Bitcoin addresses and lost my coins is very small.

It's because I always carefully open my wallets or log in my exchange accounts, and check whether I am still be able to open my non custodial wallets, to use my exchange accounts, then check my Bitcoin addresses there before making any Bitcoin transactions to old addresses.

It certainly gets rid of any risk of losing my coins by funding it to wallets or exchange accounts that I am no longer able to access and use it for transactions.

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September 10, 2026, 03:57:49 AM
 #46

It's very sound advice after you experienced first hand of forgetting address that has bitcoin in it. I'm sure there are a lot of people who deleted their bitcoin address thinking they aren't going to need it and there's only small leftover BTC only enough for fee left, yet few years later that small fee could become one thousand dollars or more. Bitcoin appreciates in value, so every bitcoin actually counts.

Maybe even if you insist to delete your old wallets, don't delete it but archive it, put it into some place retrievable. There's no harm in keeping it, just a piece of paper or small file is easy to store. Deleting old wallet completely is doing more for nothing.

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September 10, 2026, 07:28:07 AM
 #47

I seem to pick up one thing from this advice from satoshi based on what has been highlighted from the thread, this talks more about the wallet and why there is no need of deleting a wallet when you can just keep it for any future reference or use, I know many are fond of creating wallets more often these days, but once you are having a non custodial wallet then you don't need to bother on deleting when you can easily secure your seed phrase or private keys to always make use of it in the future.
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September 10, 2026, 09:58:51 AM
 #48

Satoshi once advised against deleting a wallet for any reason. And he also suggested keeping or even copying the keys just in case. ?

I’d like to know, do you also realize that this advice is very important to know or even to always follow?

I'm thinking out of the box and reading the other side of satoshi's mind. What about if the other side of his advise and suggestion is tilting towards the possible of price increase if you left a small amount of btc on the wallet for a long time? Hehehehehe.

If you do leave like $20 worth of satoshi in a wallet you deleted or abandoned when bitcoin was still $20, 000, if bitcoin do a price of $100,000 , that's should be about 80% increase and that will change your balance to about $100. Then imagine you deleted it or couldn't find your access to the wallet? You will definitely wish you never deleted the wallet. I'm sure this is the ordeal of some people today who have lost access to their wallet.


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September 10, 2026, 01:47:57 PM
Merited by d5000 (4)
 #49

I would be interested in why Smiley

...

I generally trust my own human error factor enough to keep a backup of most of my old wallets. And in some cases I re-used addresses, so these wallets should *not* be deleted because you're more likely to make a mistake if you delete the wallet or seed phrase. I have to add that this also is true if you shared an address somewhere, for example to a family member, a recurring customer or business partner, etc.
I thought you're going to ask for it.  Smiley  Also, valid and important points you added to your post.


First, if you never re-used addresses, you haven't shared addresses of this wallet with other people, and have thouroughly checked that your wallet was 100% empty for a year or so then there is imo no reason to _not_ delete it.
I find it harder to track or keep track if I had ever re-used or shared addresses than keeping a lowered security backup. It eases my mind more, knowing, I still have a backup, than thinking about it if I can completely discard a wallet or if I will ever need it again. That's maybe me and YMMV.


1) if you open it accidentally, you could leak information about you. For example, if you have an Electrum wallet from 2012/13, and are checking all your wallets on an old device, connecting to the Internet. Electrum servers are often run by chain analysis companies, or by other people doing chain analysis even for worse reasons (to sell them to criminals for good targets for $5 wrench attacks for example). If you are not using Tor and the device is on the same home network (router) than the device with the main wallet, then your IP address tells the chain analysis guys that you owned Bitcoins in 2012/13, making you a possible target.
Doesn't apply to me as I deliberately run my own full archival Bitcoin node and Electrum server to avoid having to expose my SPV wallet's addresses to foreign Electrum servers. That's a "no count" for me in particular.


2) if a thief finds your seedphrases and sees you had an old wallet, then he could assume that you are richer than it seems - and plan a even bigger heist.
Point 2) is the only one that I can agree to the most, especially when I argued that you can lower the storage security for abandoned wallets.

From past bad experience, I tend to document quite detailed what any of my wallets have been used for and if they are still live or not. Of course, I don't keep this documentation too openly where I live. I also don't leave any of my hardware wallets too easy to find. Chances that a thief finds them, I would consider low, based upon that a thief commonly doesn't spend a lot of time in a victim's place (unless the thief knows, nobody is coming home for long and he won't be interrupted or cought).

I use mnemonic passphrases as mitigation against exposure of my mnemonic recovery words and, of course, those aren't stored alongside my recovery words.

My redundant remote backup storage isn't also easily exposed, but I have somewhat less control over it than at the place where I live.

Having lower security for the backup of abandoned wallets could mean e.g. to refuse to have a redundant remote backup of those. I don't expect to ever have to use them again, so if my primary backup burns down, I could afford to permanently loose the sole backup of my abandoned wallets. I wouldn't like it, but it won't hurt me.

Having an intruder in your own place is already a bad breach of your privacy and I hope I'm spared to have ever to experience this. Fingers crossed! Where applicable, I use full-disk encryption on devices which I use for value related stuff, crypto coins, e-banking and such. I can't defend against anything, but I try my best to mitigate the most likely risks while still trying to keep things not too paranoid and still enjoyable.


3) if you want to delete evidence about old transactions for privacy reasons, for example to prevent curious family members to check old crypto transactions.
I consider this a "no point for me" case.



I keep a backup of the wallets I no longer use in a specific folder on my computer for that purpose.
You could make it a bit safer e.g. by using an encrypted archive. I try hard to separate my daily internet shit device from a device where I do crypto coin stuff. A bit less convenient but feels safer to me. I avoid (a)social media crap and clicking on links from strangers as much as possible and I know a thing or two about computer security which helps to avoid doing stupid things.

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September 10, 2026, 02:13:05 PM
 #50

You could make it a bit safer e.g. by using an encrypted archive. I try hard to separate my daily internet shit device from a device where I do crypto coin stuff. A bit less convenient but feels safer to me. I avoid (a)social media crap and clicking on links from strangers as much as possible and I know a thing or two about computer security which helps to avoid doing stupid things.
Social media is crap and risky but people can use social media on a device that is not used for important things: important and main emails, Bitcoin wallets, exchange accounts.

Usually it's safest to never login everything on one device. For example with Bitcoin wallets, it needs to be stored and back up on air gapped devices.
With exchange accounts, they need to be logged in on a device that does not have both email and 2FA. These things like email and 2FA must be on another device so that if a device on which exchange account logged in is exploited, hackers can not withdraw the fund.

 
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September 10, 2026, 02:28:47 PM
 #51

Good topic op and it's also makes a lot of sense to add a reference. The main problem with a lot of people is ignorance, they assume that deleting their wallet erases their history from the Blockchain but they don't know that everything remains stored on the block chain and not the application, that's the reason why seeking knowledge is very important. It's dangerous to remove the wallet app from your device  without properly securing your seed phrase, should in case you ever need the wallet for anything you wouldn't be able to gain access to it.

Whatever you do with your wallet is up to you but important thing is to make sure that you always back up your recovery keys and if you choose to archive your wallet this is something that is still going to be required. Taking Satoshi's advice is puts you in the right step, there is no point in deleting a wallet because you might need it at some point.

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September 10, 2026, 03:24:52 PM
 #52

Satoshi asked for the wallet to be kept aside, not deleted literally. We are searching for a deeper meaning in what he said to suit our ego.
Personally, it is more of an everyday characteristic that I keep things that I've been given for no reason. Instead of throwing them away, I keep them, believing it will be useful someday.

There is someone that is very close to me that someone sent USDT to, he later did not use the wallet to be receiving cryptocurrencies so he deleted it. After many months have passed the person sent USDT to the same address and called him that he sent USDT to the address.
This is an absurd thing to do. Sending currency to someone without verifying the address.
Why not call before sending if he eventually called the person after sending the currency?

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September 10, 2026, 03:41:16 PM
 #53

Well keeping the seed phrase to your old wallet wouldn't take any thing from you. Still if you bought a new device, it's advised to delete the old one from your phone then, just in case. But perhaps throwing away the keys or losing them because you don't have anything to do with the wallets would be wrong, for the fact that there is no forgot password or any customer support to call when you need help to retrieve it. So yeah it wouldn't cost you a dime to hold onto every wallet you have used. Though if you were to lose your seed phrase, then the case would be much different. But to me I think it's better to have it and never need it than to realize later that you needed it and it's gone, or take for instance someone was to mistakenly send some BTC to that your old wallet without knowing you had changed to a new one and you didn't have the seed phrase to the old one it would be very bad ..So that's all...

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September 10, 2026, 07:58:05 PM
 #54

I totally agree with you that satoshi advice of not deleting old wallet has a very deep meaning. You may not need it today, but you may end up needing it tomorrow, no one knows what tomorrow has in mind. That’s why keeping the keys and backup properly are very essential, especially in bitcoin where losing your keys can  mean losing access and everything altogether.
Why would anyone delete a wallet unless it's being involved in some illegal activities or there are restrictions that cannot be undone. Deleting a wallet that has activities like deposit, withdrawals, trading history and the rest is not a good idea because there could be opportunities at any point that requires an account with such activities. People are looking at buying accounts like this to push a memecoin, in some occasion to give it a bit of credibility, that's how important a wallet could be.

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September 10, 2026, 08:15:27 PM
 #55

Well keeping the seed phrase to your old wallet wouldn't take any thing from you. Still if you bought a new device, it's advised to delete the old one from your phone then, just in case. But perhaps throwing away the keys or losing them because you don't have anything to do with the wallets would be wrong, for the fact that there is no forgot password or any customer support to call when you need help to retrieve it. So yeah it wouldn't cost you a dime to hold onto every wallet you have used. Though if you were to lose your seed phrase, then the case would be much different. But to me I think it's better to have it and never need it than to realize later that you needed it and it's gone, or take for instance someone was to mistakenly send some BTC to that your old wallet without knowing you had changed to a new one and you didn't have the seed phrase to the old one it would be very bad ..So that's all...
No support recovery for lost wallets, it's beneficial to have your old seed phrase with you.

But it is the way of its storage that is most important. Placing a large number of old seeds in various locations, can also provide higher risk of exposure and/or loss.

If they are selecting an old wallet, the same security measures should be taken as would be done with the existing wallet.
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September 10, 2026, 09:37:36 PM
 #56

It's very sound advice after you experienced first hand of forgetting address that has bitcoin in it. I'm sure there are a lot of people who deleted their bitcoin address thinking they aren't going to need it and there's only small leftover BTC only enough for fee left, yet few years later that small fee could become one thousand dollars or more. Bitcoin appreciates in value, so every bitcoin actually counts.

Even if there is a small leftover, you may not be able to send it if it is less than a dust output. Most often, people don't leave their wallet with leftovers, they don't do it deliberately. It is because of the fee to spend the input that is why they left it there. If there is no node policy change on the dust limit, they can't spend it. Also, sometimes those balances are not their utxo, they are dust attacks, and the owner deliberately left it unspent for privacy concern.

Quote
Maybe even if you insist to delete your old wallets, don't delete it but archive it, put it into some place retrievable. There's no harm in keeping it, just a piece of paper or small file is easy to store. Deleting old wallet completely is doing more for nothing.

No harm will come to your wallet if left the way it is on your device. I do have some wallets I created out of practice for some testnet transactions, and I still have their backup somewhere I can access as quickly as possible. I don't know if I can make the dumbest mistake tomorrow, but instead of living with regrets, I prefer to make some reservations for them for future sake.

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September 10, 2026, 10:23:37 PM
 #57

I think It's a wise decision to respect the instructions or advice given by the founder of something.

There is always a reason behind those instructions, you may not know but you just have to do it because the instructions came from the owner. And the owner understands the system better. So it is logical enough to keep to the instructions.
Meanwhile its also advisable to goo deeper inserch of instructions and advice Given by Satishi and that will also help for a good investment as well.

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September 11, 2026, 12:14:29 AM
 #58

Never re-use an address is a good practice for privacy but I see chance for sending my bitcoin to my old Bitcoin addresses and lost my coins is very small.
I agree, and that's also part of my reasoning. However, I think there is some potential for human error in the cases of wallets you used with custodial services or exchanges, for example as withdrawal addresses.

In the case someone wants to delete such a wallet, one should carefully check the old withdrawal addresses. This would be one of the kinds of wallet I would probably store my backup forever, or at least for several years.

I find it harder to track or keep track if I had ever re-used or shared addresses than keeping a lowered security backup.
Yes, that's a valid point. In my case I have wallets I only use to store coins or send them around, i.e. I deposit the coins there coming from other wallets of my control, and I change them after some time. These wallets can be (later) deleted. Other wallets are used for exchange withdrawals / deposits. These are those I'd keep.

Doesn't apply to me as I deliberately run my own full archival Bitcoin node and Electrum server to avoid having to expose my SPV wallet's addresses to foreign Electrum servers. That's a "no count" for me in particular.
Of course also a valid point, but I think in this case you are a small minority. Most people do not know the privacy traps of wallets like Electrum. And for these people it may be better to just delete old stuff which was already thoroughly checked.

From past bad experience, I tend to document quite detailed what any of my wallets have been used for and if they are still live or not.
I think it boils down to the following question: do you have good privacy knowledge, and reliable documentation practices? Then I think the "keep the backups" strategy can work out perfectly.

It's however not for everyone I think. Other people may have a better outcome if they simply document those wallets where the backups should be kept (re-used and shared addresses) and discard the rest after some time.

In general, my "intervention" in this thread was a bit a "don't see everything black and white, there are grey areas" case. If everybody just repeats an advice "because Satoshi said it", then I think it's legit to throw in some reasons why in some cases, even good advices do not apply. Most rules have exceptions, and it's good to know them Smiley

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September 11, 2026, 02:33:10 PM
 #59

There is someone that is very close to me that someone sent USDT to, he later did not use the wallet to be receiving cryptocurrencies so he deleted it. After many months have passed the person sent USDT to the same address and called him that he sent USDT to the address.

The person that sent the USDT was at fault but if he has not deleted the wallet, he would have still helped the person to recover the coin.

When he told me about this and he posted about it on this forum without seeing any solution, I know that I should not delete any wallet unless I have not sent any coins to the wallet and I have not given the wallet address to anyone.
This is one of the reasons I consider wallets shouldn't be deleted, especially the ones that have been given out to some people. It might be business associates or even people very close, because the same experience has happened to many others.

Like here in the forum, if one's account is hacked or no longer has access to their forum account, it is by signing a message with an old wallet address that one can recover their account. Just imagine if one has already deleted their wallet. Satoshi understands the advantages of keeping wallets; that is why he prefers to keep them.

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September 11, 2026, 02:45:34 PM
 #60

You could just share the advise from satoshi without a lot of the fillers you used in the text. It is valid recommendation, almost everything satoshi had to say is, and cannot be over emphasized

But with that, it would have looked like he didn't have any contribution to this...
How would anyone gish for some merits like this?

I disagree (a little bit) with satoshi Smiley

1) if you open it accidentally, you could leak information about you
2) if a thief finds your seedphrases and sees you had an old wallet, then he could assume that you are richer than it seems - and plan a even bigger heist.
3) if you want to delete evidence about old transactions for privacy reasons, for example to prevent curious family members to check old crypto transactions.

Sorry but those are way to far fetched

1) If you accidentally open it , it doesn't do a thing (nope, it doesn't), you need to accidentally create a tx, if you can do that by accident, you have way bigger problems, check-up needed
2) If a thief finds your seed phrase and he thinks an empty wallet means you have a ton of coin, both you and the thief both of you have way bigger problems
3) Do I have to repeat myself that if you can't trust your family members, you have way bigger... Grin


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