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DRE 1y ago

When OPs say small (less than 1M sats), UTXOs are big enough moving forward because 150k sats will be a lot of money one day, and people won’t want to pay too much in fees☠️

I can’t tell if they are coping for not stacking hard enough or if they are retarded.

In 10-20 years, you will be competing with all the world’s corporations and nation-states for scarce block space. You do the math

Idk what fees will be like in 10 years, but I would rather err on the side of having too big UTXOs rather than too small. I prefer people know I am rich than too have a lot of UTXOs that are uneconomical to use.

When in doubt go bigger

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Discussion

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CensorThis 1y ago

What’s a UTXO?

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DRE 1y ago

Unspent transaction output

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cryptowolf 1y ago

The "best" units to use without any change on the Bitcoin Blockchain.

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Zach⚡️ 1y ago

Crazy to think that a 0.05 Bitcoin utxo is now worth more than 5k cuck bucks. Will be fun seeing the dynamics when that is worth 50k.

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DRE 1y ago

And then 500k lol

Should be enough to pay for college in 20 years

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Zach⚡️ 1y ago

Lol. Bitcoin is going to burst the "higher education" bubble in a big way. Going to be incredible to see.

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DRE 1y ago

And the RE bubble

I’m here for cheap education and houses

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Zach⚡️ 1y ago

OPs be like "how are they going to buy cups of coffee in Africa"

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DRE 1y ago

Gotta share those UTXOs

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ODELL 1y ago

A MILLION SATS SEEMS LIKE A SOLID MIN NUMBER FOR COLD STORAGE.

LARGER IS STRICTLY BETTER.

AGREE THAT FEES WILL BE HIGH BUT IMPORTANT TO REMEMBER THEY ARE PRICED IN SATS AS WELL.

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charliesurf 1y ago

time to go zero fiat bruv

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DRE 1y ago

Already did thanks to nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle and the strike team

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DRE 1y ago

TRUE

A LOT OF WAYS TO SKIN THE CAT AFTER YOU AGREE 1M SHOULD BE THE BARE MINIMUM.

AFTER HAVING MIGRATED MULTI-SIG SET UPS A COUPLE TIMES WHILE TRYING TO MAINTAIN PRIVACY, I’M AN ADVOCATE FOR CAPPING THE NUMBER OF UTXOs AS WELL.

A GOOD RULE OF THUMBS IMO IS HAVING SOMEWHERE BETWEEN 10-20 TOTAL UTXOS AND OF SIMILAR SIZES.

I THINK THE RISK OF LARGE UTXOS WILL BE GREATLY MINIMIZED OR ELIMINATED WITH LN AT THE INDIVIDUAL LEVEL. WHEN BITTY IS $1M+ YOU’LL BE ABLE TO BUY A HOUSE WITH A LN PAYMENT SO MOST PEOPLE WON’T HAVE A REAL USE FOR ON-CHAIN TXNS BESIDES OPENING NEW CHANNELS.

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El Zeta 1y ago

Completely agree

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Brisket 1y ago

The Ops were the ones running around telling everyone to consolidate at 50sats/vB because block fees were going up forever.

Fees spike but they come back down.

There's no evidence to suggest fees go up in sats terms. In terms of purchasing power they will go up massively. But then that 100K sat UTxO will buy you an awful lot too.

We went from proof of keys day once a year to take your sats off after every buy. I know dudes who took their weekly DCA off the exchange each week.

You don't know what your future spending needs will be like. A mix of UTxO sizes may be useful if you suddenly decide to value your privacy.

Using 2 or 3 UTxOs isn't the end of the world in terms of fees.