The recent high fees got me thinking about UTXO management. Here are some of my thoughts:
Having many UTXOs is more private, however in a high fee environment many of those UTXO are dust. Moving many UTXOs at once will also be more costly.
Less UTXOs means less privacy, but it also means less fees.
I don’t know what fees will look like in the future, but if Bitcoin continues to grow I expect on chain fees to grow as well.
I’m leaning more towards consolidating UTXOs since I plan on hodling for a while, but I know privacy will be as important (if not more important) in the future as it is now.
What are your thoughts?