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HOW ARE WE RECONCILING THESE TWO WELL ESTABLISHED AXIOMS?

SMALL UXTOS WILL BECOME UNSPENDABLE DUST

SATS WILL BECOME EXPONENTIALLY MORE VALUABLE

#₿ #asknostr

Evan 1y ago

I just paid you 21 sats from my minibits wallet. Fees were zero sats.

Over time, the value of those 21 sats will increase. The value of sats can increase, and dust limit for base chain UTXOs can rise based on higher fees. Not mutually exclusive. Both can be true.

That super high dust limit you describe applies to the base layer. Where it is absolutely something to keep in mind when DCA'ing. No argument there.

Dust limit for lightning is quite a bit lower. Occasional 2 sats on a 210 sat zap.

Dust limit for ecash moving in a circular economy is ...zero? Until you pay a lightnkng fee if you want to swap mints to a different circular economy.

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Discussion

cryptoshi2k21.bitcoin 1y ago

Good note posting thanks for sharing

#BTC #Zap⚡#Nostr #FreeJulianAssange

. 1y ago

Will layer diversification become as important as consolidation?

Do we acceot that the value of small uxtos will only be exchangeable within certain layers?

Thanks for the nuts! Minibits is amazing and highlights the questions above.

Evan 1y ago

I think so. The same logic of consolodate utxo's when the fees are down, also applies to converting some on-chain btc into walking around money (lightning/ecash) while the fees are low.