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100 sats \ 4 replies \ @Scoresby 21h \ on: What would you do if you stand to lose all your sats? AskSN
p2tr is about 0.1% of addresses in the UTXO set. So, in this case, I'm screwed because I was using p2tr for my cold storage and so are a number of other people, but I wonder if this issue is big enough to galvanize the entire bitcoin community into action like "fork the chain."
if I saw my watch-only wallet notifications soon enough (ie. before the transaction gets mined), I'd do a fee-war RBF'ing until all the funds are burned in mining fees or I manage to get the attacker to misstep (if they're attacking me, they're probably attacking a lot of people and even running a bot, they might not be able to stay on top of all the people who are doing the same as me).
It was 0.1% in 2023, but it's the #1 output type nowadays according to https://bitcoinisdata.com/utxo/ (I used to have a script for this myself, but can't seem to find it.)
they might not be able to stay on top of all the people who are doing the same as me
Yeah. This is why I personally don't consolidate utxos unless they're like 10k sats
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I stand corrected. The distortion is real.
I wonder now if it was actually a good idea to roll over to p2tr earlier this year.
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I wonder now if it was actually a good idea to roll over to p2tr earlier this year.
That is the question!
Space savings are good. and if we get more support for FROST and MuSig, I'd be really interested in having a multisig that looks like a singlesig. Until then...
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