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499 sats \ 5 replies \ @supertestnet 3 Feb freebie \ parent \ on: What is a 546 sat UTXO worth? bitcoin
Yes, and it is worth noting that you cannot stop someone from paying this way. If someone sends you a transaction containing 100x 546 sat outputs what are you going to do? Call the police, say you've been robbed? No. If they owe you 54,600 sats for something and then they pay it to you in this method, you cannot legitimately claim to have been ripped off. You might say "But I don't want to pay the fees to move those utxos!" And that's fine, but "paying to move utxos" is the system you opted into when you started using bitcoin.
If you received 54,600 sats from someone who owed you 54,600 sats, then you were paid fair and square, unless you have a policy where the customer also has to pay extra to compensate your mining fees for you, or a separate contract that says "and you must agree to pay with utxos exceeding size X or the debt remains unpaid." You can refuse to do any more business with the mean customer, but he paid off his debt. Because 1 sat = 1 sat.
Yes, and it is worth noting that you cannot stop someone from paying this way. If someone sends you a transaction containing 100x 546 sat outputs what are you going to do? Call the police, say you've been robbed?
This scenario is exactly why legal tender laws usually have restrictions on how much of what denominations you can use to pay. If you try to pay with a few buckets full of pennies, the receiver absolutely can get the law involved on the basis of non-payment.
Paying with 100 546 sat outputs is no different.
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can you really send 100 different utxos to an address in the same transaction?
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LOL what a waste 🤦
0.1BTC in unspendable utxos and
0.05BTC burnt in fees
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