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300 sats \ 9 replies \ @Wumbo 7 Feb 2023 \ on: How many sats should I have per "address" thinking 10 yrs out? bitcoin
Great Topic!
Couple thoughts:
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Maybe prioritize opening lightning channels over consolidating on chain address. A lightning channel might be more useful and valuable.
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Think through the cost of mixing your coins. Doing a coin join will have some fees (granted those fees might be lower now then in the future). One may want to mix before putting associating coins into same address.
I have given it a little thought but look forward to others opinion.
Thanks for the reply! I got pretty involved with the plebnet community a little over a year and a half ago but never actually opened a channel to anyone. I think you are right that it is time to do so now.
Edit: You are right I definitely need to coin join in multiple rounds before opening channels.
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I disagree, most of your stack should be in cold storage. doesn't have to be 'consolidated' on one address Use a new address for every onchain transaction. If you wanna go the extra mile do coin control & coinjoin.
But pls don't put your stack all in channels. It's too risky. Only spending amounts.
Big spends usually don't mind if they take a bit longer to settle, so you can still do these on chain.
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Thanks for the response. I do agree with you. I see now the first reply could be interpreted more than one way.
My current thinking is I would only ever lock a small percentage of my sats into lightning channels. Because of that I didn't interpret the response as suggesting one should risk a significant proportion that way. It's possible that's what was meant though.
I'm definitely sticking almost exclusively to cold storage.
Any thoughts on what might be a good amount of sats to have for each of people's smallest utxo sets? Maybe have a whole bunch of smaller ones with 1.5 million sats per? I'm thinking about safety and not needing to reveal you have very much to others when spending.
I know there are so many variables.
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Yes, I didn't mean to put all coins in Lightning channel. More that you will want to have some lighting channels open, before high fee environment sets in.
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Yes, totally agree with that.
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Cool, yeah i think it's obvious for most, but i wanted to clarify.
I think it should be enough to just use a new address for everything. If you received huge amounts in one transaction you can think about splitting it up. But i think i wouldn't go to such lengths
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Okay, your input is much appreciated. I just want my set up as clean as possible. I'm thinking I should plan in case we get into a situation where you can't get a basic transaction through for less than a 100,000 sats fee to the miners like at some points in 2017.
Might seem absurd now but you never know. If that happens there are going to be a lot of stranded sats out there.
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It doesn't really matter if they are stranded, cold stored BTC should avoid being moved anyway. Eventually the tx will get mined for cheap, if you're not in a rush (which you shouldn't be if you plan accordingly)
That's why it's important to think about what is your spending/receiving habits and use LN for that, and for stacking you can use on chain.
Setting up an emergency stack i can get behind, one that is cold stored but can be liquidated (moved to channels/sidechains) quickly. But doing that with your whole stack will probably give you a headache
Just my opinions here, people might disagree
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тебе нужны кристально чистые монеты??? могу тебе помочь с этим. там будет одна транзакция с нового блока 6.25 монет. минимальный резус фактор для 0,001 монет.
и не важно сколько ты будешь ее хранить...
Многие майнеры так делают... они просто разбивают по 100000 сатоши для будущего!)))
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