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131 sats \ 9 replies \ @DarthCoin 6 Dec \ on: Will owning a utxo be a luxury in the future? bitcoin
No. Don't worry, we will have many options forward. Just be patient, devs are working on it.
This doom idea that "not everybody will be able to own a UTXO" is spread by those that want to change Bitcoin and LN to work FOR their business model...
We will have many new tools that will make LN working very smooth: eltoo, channel factories, sharing utxo, covenants etc.
Also is not really necessary that every individual to have its own UTXO, only node runners, that can run a LN bank for their family and friends. Nothing wrong with that. I run it myself for almost 3 years now, with limited users to which I offer them enough liquidity and access for their needs. Nothing burger. I wrote several guides about that.
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21 sats \ 5 replies \ @ek 6 Dec
Your meme mentions the opposite of what you wrote. You wrote:
This doom idea that "not everybody will be able to own a UTXO" is spread by those that want to change Bitcoin and LN to work FOR their business model...
Your meme:
The problem of Bitcoin today is businesses wanting to stop Bitcoin and LN from changing in ways that obsolete their business model.
That's one example of how you often twist reality to suit whatever you want to say.
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0 sats \ 4 replies \ @DarthCoin 6 Dec
No, you didn't understand the meme.
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0 sats \ 3 replies \ @ek 6 Dec
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12 sats \ 2 replies \ @DarthCoin 6 Dec
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0 sats \ 0 replies \ @zapsammy 6 Dec
do u ever laugh so hard that u cry and snot comes out of ur nose? this was one of those rare moments. the meme is so funny, it must have cleansed something inside of me.
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0 sats \ 0 replies \ @ek 6 Dec
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10 sats \ 2 replies \ @stack_harder OP 6 Dec
i'm not too worried as I still don't fully grasp the ramifications, if anything I'm more worried about making sure i don't end up with dust utxos, although since i learned about consolidation, I'm not worried about that so much either
out of curiosity, what are some of the things devs are working on?
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32 sats \ 0 replies \ @DarthCoin 6 Dec
what are some of the things devs are working on?
Always read the Bitcoin OPtech newsletter. Is very good source of staying up to date with what is going on in the Bitcoin space.
https://bitcoinops.org/
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20 sats \ 0 replies \ @DarthCoin 6 Dec
making sure i don't end up with dust utxos
This is an important chart you should keep in mind.
As I explained in my guides: accumulate slowly with multiple LN wallets, then when you have a decent amount, just swap out into a UTXO in your cold wallet.
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