Can you explain a bit more about not making it one stack? I thought the larger the utxo the better in terms of fees?
Discussion
True single stack will ensure fewer fees. However, when you start trading your bitcoin for goods. There is a higher chance that your spending habits will be picked up and lead to a physical attack (ie every month you get groceries)
If you have one stack it looks like one stack on the blockchain. An example: if a hacker is going after a stack they would rather win .1 ₿ than .01 because it theoretically costs the same to attack the wallet. Therefore if you have multiple utxos they don’t stand out as a single target.
Ps i am a pleb without a cold wallet still learning as this on the fly
Same here dude. Trying to learn myself so I appreciate the conversation.
I guess I figured in the future when I could use bitcoin directly for goods and services it would be on a layer 2. So trying to consolidate my base layer sats into larger utxo so if/when I needed to move to layer two solutions it would be less transaction fees. 🤷♂️
Good to have varying sizes of UTXOs. There’s a good chart out there of when UTXOs become immovable in differing fee environments.
Interesting. Any idea where I might find that?
Ha, looking for it myself. Anyone out there have that UTXO dust chart? #asknostr #plebchain
I think nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89 had made one at some point
Depends how small you consider to be dust.