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ODELL
04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9
partner - ten31 cofounder - opensats + bitcoin park founding board - bitcoin policy institute

blockclock mini is sexy but limited edition orange opendimes stole the show

Remind me to discuss this in a couple of weeks.

71509D126A1EF62B8B83BD8B7C2048EADF63DAA440C047032493345C97528F81

when you mention the existence of an auto stack does it get priced in immediately or is it a multi halving type of thing https://t.co/7mhKrOq7zT

I stacked today.

I also stacked yesterday and will stack tomorrow but I stacked today.

stack once a day and twice on the dips

lockdown only exists if you let it exist

I can be critical of existing bitcoin shortcomings and bullish af at the same time. Stop being such insecure little bitches.

Yes, the current fee spike should have scared some sense in to you with respect to utxo management and use of second layer bitcoin networks such as lightning and liquid.

No, you shouldn't FOMO into dealing with that shit now.

If possible wait until next week and reassess then. https://t.co/rKLGaiqoT1

turns out you can use the command 'listunspent' in the command line or navigate to the 'on-chain' page in RTL to view your utxos

smfh hopefully fees drop and save my ass so I can sweep this shit for cheap

https://t.co/L7o6PSY7Ik

there is no easy way to see how many utxos I have in my onchain LND wallet and at this point I am too afraid to look

a bit concerned about how these lightning implementations hold up in a high fee environment tbh, but looking forward to finding out!

In a high fee environment using bitcoin privately becomes much more difficult and very fucking expensive.

If you are waiting on a transaction to confirm and you trust the sender then funds aren't at risk. Worst case they send a new transaction with a higher fee in the future.

If you don't trust the sender then consider sending the unconfirmed utxo to yourself with a higher fee.

Fees should drop once difficulty readjusts early next week since blocks will be mined more frequently.

What we don't know is how much fees will drop, if transactions will clear fully, and how long that will take if they do.

Proceed accordingly. https://t.co/RSYdoUER7v

lol I wonder how long cashapp will pay 200+ sat/byte fees for their users before changing their policy

every american household should have an encrypted phone, a bitcoin node, a coldcard, and a shotgun https://t.co/v1yVqOUUvU

Why are bitcoin transaction fees up?

(1) rainy season ended in china -> increased energy prices for hydro -> hash rate falling as miners transition to cheaper power -> blocks mined less frequently until difficulty adjustment

(2) bitcoin price pumps -> transaction demand pumps

"you just picked a time period that fits your bitcoin bias"

🧐