Appreciate this, I need to do it!

I literally googled “UTXO Management BTC Sessions” this morning.

As always Ben thank you 🫡

Curious as to what you believe the ideal consolidation number is? 1mm sats? 7mm?

Hey Ben, do you know of a good website that compares lightning wallets?

When figuring out this my advice to people I orange pill is to always assume that Bitcoin is worth 100.000 or a million $$$ and then think how much in today’s dollar value are you comfortable having in a single UTXO

Isn't more about what percentage of the utxo you would have to pay in fees? For example, if my 1mm sats is now worth 5000$ instead of 500$, I would be much more willing to pay 50$ to transfer it, as it is lower in % terms?

When calculating fees in USD you should always have in mind that as the value of UTXO goes up so does the value of fees but you pay the same fees regardless of the UTXO size I personally don’t like to hold UTXOs larger than 0.1 BTC because when Bitcoin is worth a million of $$$ that UTXO value is significant but as minimum I am comfortable with anything above 0.01

Sorry, I am not following you.This sentence doesn’t make sense to me: “the value of UTXO goes up so does the value of fees but you pay the same fees regardless of the UTXO size”

If you calculate fees in USD the USD value of fees will always go up as the value of Bitcoin goes up. Your percentage approach is good but what I am trying to say is if Bitcoin goes up 10x the fees will also go 10x in USD terms so it just a math. If i am to transfer 100k USD (0.1 BTC when BTC is one million cuck bucks) I have no problem in paying $500 or $1000 in fees. But that’s because I do not plan to transfer small amounts into the future as I hodl Bitcoin very long term and will sell it only for something that will greatly improve the quality of my life

Bitcoin UTXOs are my very long term savings account. For everyday usage I use Lightning ⚡️

ABSOLUTELY WORTH WATCHING! THANKS BEN!

@BTC Sessions are you using @Voltage to receive your zaps ? I get "no route" when I try to zap from my own Voltage node, but it works perfectly with Alby and I'm wondering if there could be a problem trying to pay between Voltage nodes...

Another great video from our own Bitcoin Canadian treasure. Thanks Ben ! View quoted note →

Fees are not correlated to the price of bitcoin. Fees are related to how much data is in a transaction and the competition to get that data included in a block. If you have to combine 15 utxos into a single transaction, instead of having the same value in one utxo, you are going to pay more in fees, becuase you need to include more data. This is why everyone should consolidate their utxos, during times of low fees. It's better to spend one large utxo, than 10 or 15, as it contains less data.

Exactly 👍

Super valuable tutorial, Ben! I'd like to learn more about a conversation that proposes a useful formula for calculating the recommended UTXO size (for spendability) across time (one month?) based on the constant, 1,000,000 divided by sats/USD as reported on timechaincalendar.com, AND what the individual donation might be to support TC to add that data item (and a disclaimer in Info) to the webpage. By the way, the URL (https://www.youtube.com/@UCQOdoUhvDxpNxfYQpz7b2Tw) in YouTube is returning a 404. 🤨

@BTC Sessions only 3 words = thanks, thanks and ... thanks ...YOU ROCK !!!! (: