Nostr Web Client

Chapter 7: UTXO's

After buying/earning my sweet bitcoin and having transferred it to cold storage I learned about UTXO mangement. For long I did not understand the meaning but it comes down to keeping your wallet organized in big chunks of Bitcoin.

Fortunately I had the balls of transferring larger chunks (1mil sats+) of bitcoin from the exchange to my cold storage wallet. No real need to consolidate smaller chunks to larger chunks. I did it once using Sparrow wallet. Super easy so try it out!

I do like round numbers in my bank account and also in my hardware wallet (for example 0.1 btc instead of 0.104256). But that was pretty difficult to achieve. I had to create a larger utxo in the hardware wallet and transfer the surplus minus fee back to a hot wallet. If you are like me this method will save you time, headaches and fees 🙂

Now I am stacking on the lightning/liquid network using Strike or Aqua wallet and when I have more than 1 million sats it is transferred to my cold storage (and messing my round number up again).

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Discussion

Rizful.com (zap tester) 4mo ago

testing zaps for this note… we made six attempts to⚡zap this note, at basvk@speed.app, over a period of 38 minutes. Six of the zaps were successfully paid... please check for 6 satoshis received. problem: we found that your lightning address server **did not* properly produce zap receipts, and/or didn't send the zap receipts to the relays specified in the zap. (the zap spec requires that the zap receipts be sent to the relays specified in the zap.) this means a nostr user who zaps you might not see a number appearing next to the ⚡ icon after zapping.... if you wanted to fix this... you could try getting a free rizful lightning address -- https://rizful.com ... if u get it set up, pls reply here so we can do this ⚡zap test again.

Trying cryto stuff 3mo ago

I put in a different adress. Please zap test again