More like hash browns
‘About 99.5% of all the Bitcoin in circulation is held in 16.5 million UTXOs that have a value of 1m sats or more. Most of the other 169 million UTXOs will likely become economically unspendable in the future assuming they aren’t consolidated into larger ones relatively soon.’ - nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89
People please do some UTXO management and whilst doing that buy some sats.
Bitcoin’s Unspent Transaction Outputs (UTXOs) can be classified into different segments based on their age.
UTXO Management for Dummies:
If everyone pays you in quarters you’ll have to lug around a big heavy bag. It’ll also cost you more time to spend as you have to count quarters when paying. So ask for $20s or $100s as payment, or change your quarters into bills from time to time.
Now I can hear you say...wtf is a UTXO?
A UTXO stands for unspent transaction output. Don’t worry about those unnecessarily complicated words. Just use “UTXO” and understand the concept of what it is…
If you want to learn/study the topic: https://armantheparman.com/utxo/
Credit picture: nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89
Study, learn, hodl, decouple.
#bitcoin 🧡
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My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.
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Felipe - BitcoinFriday
#zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption
Wouldn’t miners be incentived to eventually mine those small utxo’s for zero fees to help the Bitcoin network? i.e. get those sats back into circulation and get the utxo set smaller.
Nevermind... I read through the github link you posted and see there is a 16gb hard cap.
Today is a good day to publish some super nerdy research!
https://blog.lopp.net/effects-dbcache-size-bitcoin-node-sync-speed/
Are you using a custom Bitcoin Core node? Because dbcache is hard capped at 16gb currently. Though if you read that github link andrewtoth posted you'll see they are trying to increase it maybe by next release.
Today is a good day to publish some super nerdy research!
https://blog.lopp.net/effects-dbcache-size-bitcoin-node-sync-speed/
Segwit was activated at block 481,824
Is there/was there a hard cap in the code? I thought I read on stack exchange dbcache is hard capped at 16gb.
You try asking the folks in the www.reaperaudio.com forums? They have a beta that runs on Linux and there forum was always good for questions like that.
Forgetting is an important part. It renews the wonder of living... discovering it again and enjoying the newness of it.
Amethyst is going inbox, outbox, dmbox, private box, search box, local box and your mama box. Hope you like it.
https://video.nostr.build/0bcce8552b1958c36c651d235d0aebdae71be3e70ba3784f628265c86f321f34.mp4
This is one of my favorite, less known, lines but I think you need to hear the recording of it to get the full impact as the way he says it is just splendid. I still haven’t been able to squeeze the last part into a conversation with people IRL but I’m always on the lookout.
Looks like there’s going to be a new phrase going around. I butt zapped you.
My question I ponder about is… did God create Man in his own image/likeness or did Man create God in their image/likeness. All these “why would God” questions infer God is just a super human… I think I usually lean towards Man creates God in Man’s image… so I think that’s the false dilemma.
I also heard him use two other metaphors which he probably modernized to make the phone and revolving door ones…
When crossing a river with a raft, once you cross the river you leave the raft on the shore… you don’t go carrying it around with you.
When using a rock to bang on door to get let in… you put the rock back down, you don’t carry it in with you. Probably an old Buddhist saying.
This is Watt’s actual quote.
Nicotine has some nootropic properties