Oddbean new post about | logout
 Giving someone bitcoin for the holidays? Make sure it's a spendable amount.

Economically Unspendable Bitcoin UTXOs
UTXO management guidance for avoiding footguns (*A “footgun” is a feature designed in such a way as to be extremely likely to cause problems. It's a great word because it puts blame on the design, not on users.) that can cause issues during times of high transaction fees.
https://blog.lopp.net/economically-unspendable-bitcoin-utxos/

Market conditions fluctuate. Eventually, people willing to overpay transactions run out of sats. If you plan on giving BTC over the holidays, it's best to give at least 0.01 BTC (Current market price ($437.29) for viable spending in the future.