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How does it make you feel knowing that over half of the current bitcoin UTXOs are worth 1,000 sats or less?

Surprising but Good !

Now assume 1M USD BTC - a 1000 sat UTXO is worth 1/ 100,000 of a million USD = 10 bucks

We want billions of people to have 10 USD (equivalent) - this can only happen if money is more evenly distributed - from the banks and major institutions to the plebs (billions of them)

A low median UTXO value is evidence that Bitcoin is redistributing wealth - it is a good thing !

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Discussion

Alex 1y ago 💬 1

And a fee rate of 10sat/vb renders all these UTXOs worthless

ZimFox 1y ago

Correct - It is part of a leaning process - but a reducing median sats ownership is a good sign.

Smaller sat balances belong on L2 - but a claim to 1000 sats is fundamentally good.

It is merely that L1 is not designed to scale - hence need for L2+