Replying to Avatar DRE

When OPs say small (less than 1M sats), UTXOs are big enough moving forward because 150k sats will be a lot of money one day, and people won’t want to pay too much in fees☠️

I can’t tell if they are coping for not stacking hard enough or if they are retarded.

In 10-20 years, you will be competing with all the world’s corporations and nation-states for scarce block space. You do the math

Idk what fees will be like in 10 years, but I would rather err on the side of having too big UTXOs rather than too small. I prefer people know I am rich than too have a lot of UTXOs that are uneconomical to use.

When in doubt go bigger
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ODELL 1y ago

A MILLION SATS SEEMS LIKE A SOLID MIN NUMBER FOR COLD STORAGE.

LARGER IS STRICTLY BETTER.

AGREE THAT FEES WILL BE HIGH BUT IMPORTANT TO REMEMBER THEY ARE PRICED IN SATS AS WELL.

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charliesurf 1y ago

time to go zero fiat bruv

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DRE 1y ago

Already did thanks to nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle and the strike team

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DRE 1y ago

TRUE

A LOT OF WAYS TO SKIN THE CAT AFTER YOU AGREE 1M SHOULD BE THE BARE MINIMUM.

AFTER HAVING MIGRATED MULTI-SIG SET UPS A COUPLE TIMES WHILE TRYING TO MAINTAIN PRIVACY, I’M AN ADVOCATE FOR CAPPING THE NUMBER OF UTXOs AS WELL.

A GOOD RULE OF THUMBS IMO IS HAVING SOMEWHERE BETWEEN 10-20 TOTAL UTXOS AND OF SIMILAR SIZES.

I THINK THE RISK OF LARGE UTXOS WILL BE GREATLY MINIMIZED OR ELIMINATED WITH LN AT THE INDIVIDUAL LEVEL. WHEN BITTY IS $1M+ YOU’LL BE ABLE TO BUY A HOUSE WITH A LN PAYMENT SO MOST PEOPLE WON’T HAVE A REAL USE FOR ON-CHAIN TXNS BESIDES OPENING NEW CHANNELS.