Saw this question on X and thought it was good. I realize that it might be nice to have a smattering of sizes, but this question is about what size UTXO will be optimal for the majority of one's stack.
> 0.05 BTC53.3%
> 0.1 BTC33.3%
> 0.5 BTC0.0%
> 1 BTC13.3%
15 votes \ 1 day left
Make a few different sizes, so you can take a smaller amount out of cold storage if you only need a smaller amount. Otherwise, make it big enough so only a small portion of the funds are lost to fees if the feerates are much higher in the future.
I should have figured that no one will vote on this because "nice try, fed"
login as anon and vote that way. use tor browser if you must.
Nice try fed. Also your utxo sizes make no sense. 5M sats minimum utxo? Are you expecting 10k sats/vB fees?
say you were shooting for a stack of 0.5BTC. if you have most of it in 0.01, you end up with 50 utxos. that seems about as many as you would want in a wallet, no?
You mostly need many UTXOs if you are sending a lot of transactions in small time windows. For a personal cold-storage wallet, I don’t see why you’d go bigger than between a dozen or a score. Not sure why you’d want to make them all the same size.
For 0.5 BTC, I suppose you could do something along the lines of:
The smaller your UTXOs the later you'll start to use it, so one transaction will require only one UTXO
This is a fun strategy. Not for me but definitely fun.
Not sure newcomers in the future will be able to have one 0.01 UTXO when we today dreaming about 50 of it
Not my dream, I spend
For me personally, no. My smallest utxo is something like 40k I think. Sometimes I have up to a 100 in hot. Then I mix, spend, open some channels. Maybe throw some into cold. Close some channels and remix.
Shouldn't be allergic to on-chain, I think, especially not through setting arbitrary utxo value limits that aren't in line with fee pressure.
lol seems a bit extreme
Anything less than 1 btc feels like you're not really trying. I mean grow a pair. The system is dying to lend you money and if you're not taking up the offer to convert that into multiple BTC you need to lock tf in.
here is guide from @DarthCoin and check section "Recommendations for HODL (level 1):"
https://darth-coin.github.io/beginner/be-your-own-bank-en.html
so answer is not simple, it depends .... ;-)