27 sats \ 3 replies \ @Murch 13 Apr \ parent \ on: There is no such thing as a dust UTXO bitcoin
Why would it ever make sense to spend more in fees than the current fiat value!?
You're essentially saying that paying a miner out of band will be cheaper than paying them in band. That doesn't make sense to me.
Because I'm not paying in btc.
Now, the obvious problem here is that I could just buy btc at market rates, instead of trying to "redeem" my dust this way.
It only makes sense when a person can not buy btc at market rates.
But there might be use cases here: bitcoin atms charge significantly higher than market rates. As do some sellers on bisq.
Maybe there is a world where people interested in buying non kyc bitcoin pay out of band fees to miners to redeem other people's dust outputs.
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Yes, I need to add this as a point 4 to my original post. Something like:
- If you cannot buy btc at market rates, or if you don't want to buy it from other sellers available to you.
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