Francis from Bull Bitcoin talked about 1M sat minimum but I think that would be too much friction for the average person.
100k seems like a good idea to at least make users aware of it. nostr:note1eamayqzhh5mgepazvkygwfh0nee9pashjz2jh242gyhjtjkdpvlqach35q
I also think 100k sats is fine for now
I’m a big believer in 1,000,000 sat minimum for utxo’s but as the price increases I’d agree that amount would cause too much friction for the average person.
And as the price goes up that will make it impossible for most. Even at 100k that might be out of reach and unusable for most.
Wild
Miners are going to have to be required to process a quota (approx 10%) free transactions with every block. For the privilege of mining Bitcoin. Or get black balled and blacklisted.
This will allow people to consolidate their so-called stranded sats. Even if it took two or three days for them to process, that would be more than acceptable for consolidating stranded sats..🧡🦍
It depends on future projections, which is difficult to predict. When miners shift from a block reward + fee based income to a fee based income + block reward model fees will inherently rise. But so should Bitcoin’s price. At today’s price I’d rather have a 1M UTXO with optionality to decide what to do with my UTXO change, rather than concern myself with smaller UTXO sets in a high fee environment down the road.
The goal is to get as much #Bitcoin as you can afford into self custody, and hold on to as much of it as you can forever..🧡🙄
