Live Wallet currently helps users understand the current and future fee burden of a UTXO by displaying a wallet’s UTXOs and providing a customizable fee rate toggle. This feature allows users to set a hypothetical fee rate to estimate the potential fee burden of using each UTXO. The application highlights what percentage of the UTXO will be consumed by the fee, which at certain fee rates may exceed the UTXO’s total value, rendering it unspendable. Another component of UTXO health that resonates with people is understanding the fiat price of spending a UTXO. Live Wallet allows users to adjust the Bitcoin price, helping them answer questions like: 'If I have to pay 3000 sats/vbyte and the Bitcoin price is $1,000,000, how much USD will it cost to spend one of my UTXOs?'
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0 sats \ 0 replies \ @Recongraves 10 Sep 2024
I like this conversation. I'm still learning about utxos I understand consolidation and I understand that you might not also want one large amount on one utxo alone. I'm still trying to wrap my head around v bites and how that dictates the fee structure based upon how much you're getting charged for the utxos to be calculated up then the transaction approved. If anybody can simplify this that has been down this path before much appreciated for your help will zap
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