• kata1yst@sh.itjust.works
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    1 day ago

    This is correct for a given transaction, but there’s no consensus needed to open a Bitcoin wallet. That is usually just a private key in an encrypted envelope.

    • CatZoomies@lemmy.world
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      22 hours ago

      Got it, thanks for that distinction. It’s been years since I last looked into this stuff. Makes sense for a dormant wallet.

      If a wallet is not dormant in this scenario, then active users could just migrate their wallet to another wallet and then they’ll be good to go.