Well of course you should start with nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8
https://www.btcsessions.ca/post/avoid-bitcoin-fees-utxo-management
Well of course you should start with nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8
https://www.btcsessions.ca/post/avoid-bitcoin-fees-utxo-management
sweet thanks for the link! âš¡
A metaphor for you
I like to think of UTXOs as chucks of metal you slowly buy parts from friends and the store, each is unique and different. One day you're like let's make a sword. So you go to a blacksmith and they say no problem, but every time you toss a chunk of metal in costs you. So you decide to make a bunch of short swords light and easy to work with. In my case, I missed that last part and have a double-handed longsword. It's powerful but makes me an easy target for attack. I should have forged/ consolidated into smaller arms to protect myself.
can you please help me understand why a larger utxos makes you more obvious to attack? what kind of attack?
sorry I'm not understanding this part. I thought it was all only about not getting your stacks of SATs stranded bc the cost of moving them outweighs their value.
how is there a risk of attack? what kind of attack? thanks in advance
My wallet is now a single utxo. If you were a nerfarious individual who wanted to $10 wrench attack, you would scour the blockchain looking for large utxos. You are going to watch how the utxos are spend and see if you are spending from UTXO once a week at a place its possible to hang around there and wait for the potential spender.
However if you are spending full wallets its harder to track as theres no way to tell if you are one or many individuals.
I'm needing to learn as well so this helps a lot.