‘About 99.5% of all the Bitcoin in circulation is held in 16.5 million UTXOs that have a value of 1m sats or more. Most of the other 169 million UTXOs will likely become economically unspendable in the future assuming they aren’t consolidated into larger ones relatively soon.’ - nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89
People please do some UTXO management and whilst doing that buy some sats.
Bitcoin’s Unspent Transaction Outputs (UTXOs) can be classified into different segments based on their age.
UTXO Management for Dummies:
If everyone pays you in quarters you’ll have to lug around a big heavy bag. It’ll also cost you more time to spend as you have to count quarters when paying. So ask for $20s or $100s as payment, or change your quarters into bills from time to time.
Now I can hear you say...wtf is a UTXO?
A UTXO stands for unspent transaction output. Don’t worry about those unnecessarily complicated words. Just use “UTXO” and understand the concept of what it is…
If you want to learn/study the topic: https://armantheparman.com/utxo/
Credit picture: nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89
Study, learn, hodl, decouple.
#bitcoin 🧡
▃▃▃▃▃▃▃▃▃▃▃▃▃▃
My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.
⠀⠀⠀⠀⠀⠀⠀⠀
Felipe - BitcoinFriday
#zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption
There is something about this problem/phenomenon that reminds inflation. It‘s like the money of the rich gains value and the money of the poor (in btc terms) looses value…
What do you think? Would it be reasonable for plebs who just have small btc-ammounts (like children and ppl from poor countries) to transfer their funds completely over to lightning? And if so, which is the most secure solution without running your own node?
#asknostr #btc #lightning #utxo
We don't know yet how to best handle this, but solutions will come.
Just use Liquid BTC with nostr:npub1ajlrwgfj4yerhqf7ady03h7wmtk2qr3gs7h3sxcx83k05yld36sswpzx3q
Just my opinion:
For long term savings you wanna have larger UTXOs. So try to bundle the small amounts (UTXO's).
You can use lightning but I would use it whilst running your own node.
