1 sat \ 5 replies \ @2bithits 9 Oct 2023 \ on: UTXO set & consolidation bitcoin
I'm hoping there will be better ways to consolidate in the future. Less than 100k UTXO'S I think will be useless in a decade or so
Less than 100k UTXO'S I think will be useless in a decade or so
Why useless? As the value goes up, they will only be more useful, no?
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I think onchain fees will eat up too much of the 100k in the next decade or so
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I'm not sure they will go up that much. The value of the block reward (in terms of how much energy it can buy) may go up faster than its nominal BTC amount decreases.
I'm amazed we can still get a tx through at 1 sat/vB if not in a hurry (save for some outlier periods), the minimum fee possible, and yet the hash rate is making ATHs.
In any case, it's surely going to be interesting how things play out!
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It's going to be really interesting to see how things play out wrt fees, dust limit, on vs off-chain, etc.
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100k UTXOs is insane just for a normal user. I could understand for an exchange that doesn't do proper management but not for a normal user.
People forget to think like a bank and don 't do proper management of their money.
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