What is the consensus on the BEST average UTXO size for long-term cold storage stacking?
0.5 million sats?
1 million sats?
2 million sats?
Discussion
2 million
All of the above
A mix. also include 5M & even 10M if your stack allows
Is there something I don't know about? Why should an utxo not consist out of a full coin?
thinking of future payments and fees, plus privacy.
Are you going to use a 1 bitcoin UXTO to pay for your groceries in the future?
If I can't borrow against my stack, otherwise once yearly I will send to my lighting bank for my extra expensies.
I'm thinking debt is a large part of how we got where we are now.
Agreed, I have still abuse the current system. my thinking since my fiat days is now different. Currently it's low 1200s for Moosejaw time these days.
Debt if managed and not let out of control can be a very good tool. Getting out over your ski tips is very easy especially if you are using a volatile asset.
I assumed the question asking about large UTXOs was in a future valuation where we are trans fees are in +1k /vbyte
No but we were talking about cold storage so we wouldn't be using that in the grocery store.
For regular payment I will use L2 with a wallet containing max 5M sats
I'd say 1 million plus.
I also built an open source tool to help people answer that question and understand how costly their UTXOs will be in future high fee rate environments.
Currently MacOS only but if you are interested you can download it here https://github.com/Jwyman328/LiveWallet/releases.
wow this is awesome! Great work
Thank you 🙏 , and shout out to nostr:npub1ke470rdgnxg4gjs9cw3tv0dp690wl68f5xak5smflpsksedadd7qtf8jfm and all other contributors to nostr:npub13dk3dke4zm9vdkucm7f6vv7vhqgkevgg3gju9kr2wzumz7nrykdq0dgnvc which help make building tools like this a lot easier.