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100 sats \ 1 reply \ @elvismercury 2 Dec 2023 \ parent \ on: Bitcoin Dust bitcoin
Let me put it another way. I believe there may be a scenario where:
  • the demand for block space is really high
  • the cost to transact is therefore really high
  • UTXOs that are now clearly not dust are rendered, by those conditions, into dust
In other words: the market is operating just fine, btc is alive and well, and due to demand for blockspace my $100 in btc is now unspendable except by some potential extra-market mechanisms, as discussed earlier. There's no way for my $100 UTXO to be consolidated because it's un-economical for ant miner to include it, non-chain arrangements notwithstanding.
It seems like you don't think this scenario is possible, but I'm still not making the connection as to why.
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228 sats \ 0 replies \ @antic 2 Dec 2023
We have reached alignment with one clarification: it could be economical for a miner to include your UTXO if you are willing to spend up to 100% of the chain value as a fee (as we discussed, strange new markets could emerge) :)
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