1 sat \ 2 replies \ @OT 18 Nov 2023 \ parent \ on: 1 to 1000 Taproot UTXO Explosion. Why? bitcoin
I'm not completely sure, but those 294 sat UTXO's are now below the dust level, thereby uneconomical to ever spend again. I heard "stamps" do this, but I don't understand how they can sell it again if it can't move.
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0 sats \ 1 reply \ @antic OP 18 Nov 2023
I suppose you could sell the actual private key… but then how do you ensure that only one person knows the key? Maybe that’s handled by wrapping it up in an abstraction. Seems like ultimately these just end up adding to the pile of permanently lost BTC.
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0 sats \ 0 replies \ @OT 18 Nov 2023
Looks like @okpj found that they are BRC20 tokens getting minted. Not sure how it works, but if it continues I'm definitely looking into mining to take back some sats for proper use. Lol
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