Have your own keys? ₿een DCAing?
Do you practice proper UTXO management?
Memepools fees just dropped by 33% better consolidate your UTXOs before it gets
Discussion
I’ve got one fat utxo. Use sparrow
From my understanding, That's not great either because it's one single target. If you spend from it you show your entire stack.
I used to have the same situation as yourself. And was moving in 30sat/vbyte territory
Yeah that is true; I’m aware of that. I’ve got other newer transactions coming in so I’ll keep them smaller.
Consolidation isn't about only having a single utxo.
It's about having a variety of responsibly sized utxos that you can choose to spend for different needs and in different fee environments.
For the layperson, the main goal of those of us who condone utxo management is educating newbies so they can ensure they keep their utxos above the dust limit.
DCA is great, but not if you end up with a bag full of utxos so small that they are uneconomic. This is the value of responsible consolidation.
I built a tool to help people understand which utxos to consolidate. people should consider using it before consolidating in order to consolidate correctly.
Serious question, in the long run why does UTXO management matter? Once the subsidy is gone competition will drive miners to have the lowest fees possible. If we’re all really “never gonna sell” and we are all practicing “seven generational thinking” then why would I give a single sat up in order to consolidate UTXOs? My grandchildren will by a house with the number of sats I would spend on consolidating a couple of $100 UTXOs. It seems nearsighted to me and is probably mining company propaganda.
Can you elaborate on UTXO management a bit if you don’t mind? That’s the only thing I haven’t bothered with much honestly. Is it essentially consolidating everything to one or a few?