Replies (10)

Honestly this is something I’ve been fighting a little with myself I know most people suggest a minimum of 1 million sats for a UTXO - and that may have been the case based on where we’ve been, but not where we’re going Personally I’ve been using about 250k sats as my minimum but I will be lowering that as well My main concern is having sats (let’s say 50k or something) and the wallet gets rugged. Or you lose your phone. Or whatever the case may be I’d much rather have them in cold storage - in my possession - and then consolidate when the time is right It seems like people only get burned when A) they’re unaware of UTXOs and the longer term consequences and B) they have to spend/sell some bitcoin in a high fee environment But I think if you manage them and wait for a low fee environment, UTXO size isn’t a huge deal So to answer your Q, a 1000 sat UTXO is definitely too small unless you plan on holding them for 20 years But I think the bitcoin community as a whole has their minimums too high I’d rather have the sats in my possession and pay a small fee to consolidate later, than risk keeping them on a hot wallet or exchange
yaaman's avatar
yaaman 1 year ago
Please wait a bit, I'm currently preparing for the crowdfunding of my product. I'll probably do it on Kickstarter.