GM!
I just realized that at a BTC price of around $183,150, $1 equals 546 base units and would be considered "dust" under typical conditions.
If BTC goes above $183,150, then $1 worth of bitcoin could be uneconomical to spend, essentially making it dust.
You’re talking about on-chain only, of course. There will always be some amount of unspendable UTXOs. The trick is to keep large enough ones that you won’t end up having to abandon them at some point.
UTXO management is very important. 🫂
And yes, I am specifically talking about on-chain, just a wild thought because we’re not that far off from $183k
Is it possible to see a small UTXO and then send it to a lightning wallet? I realize as im asking - that no because the transaction fee to send it from oncahin to lightning
I would live with that trade off
We are not too far off from seeing people moan about ‘lost’ dust. Sad, because I heard a lot of warnings and how-tos in 2023-2024.
Didn’t know the dust limit was that high
Spending a P2PKH output takes about 148 vbytes, and at 1 sat/vbyte, the dust limit is 3 × 148 = 444 sats, but with a safety margin, it's set to 546 sats. This is the default dust limit in Core and Knots
What is a base unit?
Some people call them satoshi’s
Other people call them bitcoins
I just refer to them as base units
It is the smallest denomination of BTC on-chain
And here I thought it was some kinda coinbase thing…. So 🤯
After 23 halvings: block reward = 596 sats
On or about April 21, 2100
#RemindMe_21000421
We’ll all be dust at that point.
GM & PV 🤙🏼🧡🗽
Don’t strand your sats. Sweep up your would-be dust while you can.
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