Nostr Web Client

For storing Bitcoin long term lighting is not an option I would even consider. What you want to do I am doing for my kids from day they were born. Setup a cold wallet - even better use Tails to boot up some old laptop without connection to internet, use tools to create seed for a wallet and generate addresses to which you will send bitcoin. Backup that seed and keep it safe. Easy peasy.

Azz 2y ago

Yeah, but I worry that if in the future onchain fees are very high there, will be lots of unspendable UTXOs

Reply to this note

Please Login to reply.

Discussion

Fryheid 2y ago

If #bitcoin continues to go up in price, fees might go up in fiat prices, but down in sats

plebeian 2y ago

It’s inevitable but as fees go up in fiat prices so does your stack.

Azz 2y ago

Not really. Because a higher price means more users and more demand. The block size is limited so more this demand will increase fees.

The ordinals spam might be less because it would cost more, but potentially Bitcoin will be more prominent and people might be willing to pay more to put their crap on it.

Fryheid 2y ago

True. Although that perspective does leave out any innovations on the base layer - such as multiple users being able to batch transactions in a trustles way - but this is no given, of course

Azz 2y ago

Yeah, it's hard to know.