We have a massive opportunity coming into the bull market to consolidate UTXOs with low fees. THIS is a low fee environment.
Fees are likely to be face meltingly high in the coming months to a year or more. And while they will come back down, it may not be back here for a long time, or for very long when/if it does.
If you haven’t consolidated your future blockspace costs recently… do it TODAY. nostr:note1rxdh3dhmxjkje3t4z37qu3waq0wzcv6jt0u94xez966d3dh9x94qdgfhcj
I’ve done as much as I could without messing up my privacy. Wish there was some kind of collaborative consolidation service out there: bunch of people throw in UTXOs, and get uniform sized UTXOs plus change back. Like JoinMarket but everyone participating pays their own fees.
luckily caught that 8 sat/vB the other night. With that being said, I did almost have a panic attack because my understanding of the process of sending and receiving Bitcoin is not complete. I know how to safely generate and verify my private keys with entropy. However, is there a way to confirm a public receive address generated from a watch only wallet is actually going to my cold storage? Any help or understanding here is greatly appreciated.
if you use a wallet like sparrow, you can see all your addresses. you just need to match the public receive address with one of your own. you can also do this on a coldcard.
Do eet now!
And open any lightning channels?
Is there a consensus on what a useful utxo size would be in the future? 0.01 BTC? Any thoughts
