IF YOU DID NOT STACK OR DO UTXO MANAGEMENT THIS BEAR I HAVE LITTLE REMORSE. WAS LEGIT SCREAMING IT FROM THE ROOFTOPS.
Discussion
I feel UTXO management is not something most normies pay attention to...
THANKS ODELL, I MANAGED MY UTXOS A FEW MONTHS AGO BECAUSE OF YOU🧡🫡
I agree, although whenever I listen to a UTXO management pod or read an article about it, their is never a commitment to what an appropriate minimum utxo size is.... 500K, 1M, 3M, 5M.... what are your thoughts?
If I owned bitcoin I'd be thinking 2M sats...
1M minimum is good
I prefer larger but anything that is spendable into a lightning channel for < 3% of total value is good.
Unchained has an article that should help you. I found the first table under fee protection goes beyond dust section very usfull to decide on the UTXO size.
Hope this help.
By UTXO management you mean coinjoins?
EVERYONE LEARNS BY TOUCHING THE STOVE
I TRIED TO WARN THEM
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I have two UTXOs of ~10,000 sats I made the mistake of sending to cold storage
they’re dead to me now
luckily, my next-smallest are 1M+ sats
Damn. RIP to those sats. Your donation is appreciated
I’m grateful it’s just a coffee’s worth of sats 😅
currently… 😭
Just wait… ☕️😁
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THANK YOU SIR, I CREDIT MY 1SAT/VBYTE CONSOLATIONS TO YOU!
Stay humble. Stack sats. It’s not too late ⏰
Best day to buy bitcoin was yesterday. Second best is today
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Yea those stupid fucks who are new to bitcoin. They deserve everything they get.
Absofuckinglutely!
chill daddy
where is good utxo tutorial?
Surely sats/vb will decrease as the value of BTC increases right? Based on free market principles, or else transactions would just remain exhorbitant indefinitely creating a real problem for widespread adoption.
Killing off the jpegs will help no doubt, but as BTC/USD rises wont there come a day when smaller UTXO's will again become viable?
I mean imagine having sat/dollar parity (I can dream right? 😂) or even sat/cent parity and a 10000sat UTXO still being considered dust... I mean... is that really a possibility?
It solely depends on demand. There are newbies TODAY who pay $5000 (0.1 BTC) in gas to have their one simple transaction processed. Right next to another tx in the same block that paid only 10 sats/vbyte 🤷♂️
If all the huge banks in the world need to settle their accounts, then a $5000 gas bill isn't much for them. Common people will be priced out to L2 or higher.
So it seems 🤷🏻♂️
Should’ve screamed it in CAPS
It's gonna suck for those people who DCA'd their BTC stack and will have to spend most, if not all, of it on gas to use it ⛽