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124 sats \ 8 replies \ @joda 28 Feb \ on: What's the Smallest Unspent Transaction Output (UTXO) a Bitcoiner Should Have? bitcoin_beginners
Bitcoin Audible has a recent episode something like "to dust you shall return" where he talks about this. IIRC he said 100k or so is pretty good. I've heard others who consolidate to 500k or so.
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114 sats \ 1 reply \ @kepford OP 28 Feb
Here is the source article
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0 sats \ 0 replies \ @TNStacker 2 Mar
This is the way!
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31 sats \ 3 replies \ @tomlaies 28 Feb
If you ever use Bitcoin as a currency you'll have change/dust and UTXOs way smaller than that.
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31 sats \ 2 replies \ @joda 28 Feb
The assumption is no transactions will use L1 as "currency" -- it will be Lightning. So you might have a 1M channel transaction on chain with no change.
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10 sats \ 1 reply \ @tomlaies 28 Feb
In the future yes. In the last decade and currently now there are many businesses that only accept Bitcoin on the chain.
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10 sats \ 0 replies \ @joda 28 Feb
If you are spending on-chain, then you want to keep your UTXOs small for privacy and safety.
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31 sats \ 1 reply \ @kepford OP 28 Feb
Thanks, I need to check that out. This type of stuff is interesting to me.
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141 sats \ 0 replies \ @runningbitcoin 28 Feb
Jameson Lopp had an intresting post in this context about Economically Unspendable Bitcoin UTXOs Also great comments in UTXO set & consolidation
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