GET YOUR HOUSE IN ORDER OR PAY THE PRICE LATER:
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ODELL
Bitcoin Transaction Fees and UTXO Management
When bitcoin blocks are full, highest fee transactions are confirmed first.
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Replies (15)
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What’s the smallest amount I should have for a UTXO?
How do we balance the privacy downsides of utxo consolidation?
That depends entirely on your stack size.
I have a savings UTXO and several others for spending. But you could also break it apart and wash it at a later time if you need to spend some of the savings UTXO.
Or multiple savings UTXOs depending upon how you hodl
CAREFULLY. IT IS MORE OF AN ART THAN A SCIENCE.
So glad I studied the tech and knew UTXOs back when I started stacking.
An L2 wallet like SideSwap can be useful to consolidate utxos, downside is moving in and out of liquid is not free and you’re trusting they’re not logging your receive addresses.
Why do we just assume that tx fees in bitcoin terms are going to increase perpetually? I could easily see fees being less in bitcoin terms than currently in the long run as more value piles into bitcoin...
As usual great advice
I like my UTXOs Big and Fat
Anyone have a site or reference for multisig fees with multiple inputs using legacy addresses vs using native segwit multisig? i.e. unchained vs nunchuck?
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