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27 sats \ 3 replies \ @Murch 13 Apr \ parent \ on: There is no such thing as a dust UTXO bitcoin
Why would it ever make sense to spend more in fees than the current fiat value!?
You're essentially saying that paying a miner out of band will be cheaper than paying them in band. That doesn't make sense to me.
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10 sats \ 2 replies \ @Scoresby OP 13 Apr freebie
Because I'm not paying in btc.
Now, the obvious problem here is that I could just buy btc at market rates, instead of trying to "redeem" my dust this way.
It only makes sense when a person can not buy btc at market rates.
But there might be use cases here: bitcoin atms charge significantly higher than market rates. As do some sellers on bisq.
Maybe there is a world where people interested in buying non kyc bitcoin pay out of band fees to miners to redeem other people's dust outputs.
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27 sats \ 1 reply \ @Murch 13 Apr
Okay sure, if you cannot buy coins at market rate, you can pay a premium to consolidate small value UTXOs.
I guess your point wasn't clear to me from the OP.
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31 sats \ 0 replies \ @Scoresby OP 13 Apr
Yes, I need to add this as a point 4 to my original post. Something like:
  1. If you cannot buy btc at market rates, or if you don't want to buy it from other sellers available to you.
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