Nostr Web Client

😳

I made the investment to consolidate my UTXOs a few weeks ago.

I feel really good about the current alignment of my HODL stack.

It's now a 10x+ reduction in fees from what I paid to clean it up when/if I ever need to move again.

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Discussion

What did you do? Send everything to another wallet and then back as a single UTXO or did you target a base number?

You can just generate a new address in your current wallet and send your whole balance to it

bevo 2y ago

That’s what I do

You can send to a internal address in the same wallet???

✔️

How the hell did I not know this?!?

Noob

Fair

mcshane 2y ago

if you’re still upgrading your btc knowledge you‘re on the right path 🤙

"If" ... it's "always upgrading"

...trying to any way. haha

mcshane 2y ago

yes, privacy tradeoffs to consolidation, but good use cases too

bevo 2y ago

You can also create a new account and use a new address in that account. This way it has a new derivation path as well

I thought about that and actually did create a new account, but I didn't use it. I guess that would have been a better play.

I'll do that next time, in like 4 yrs.

Generated a new address & sent nearly the entire balance to that.

Then generated another new address and sent all the sats I had accumulated on KYC exchange to that.

Sure. I kinda doxed myself, but It's too hard hiding from the buggy man.

I just yolo everything and coinjoin my whole stack, never gonna sell for fiat, only spend in circular economy, so fuck it!