Oddbean

yes, I wrote it off as a Giffen good. even buying it initially on an exchange was still not enough to understand what Satoshis were. when i finally tried cold storage (actually it took a few months more because I first got a Ledger, and their software doesn't make it clear that there are separate UTXOs so i ended up with Blockstream Jade ) and understood what Satoshis were, someone on here said: "Satoshis don't exist, they just measure UTXOs" So that further accelerated the fall into the rabbit hole I'm sorry I like to take out all my aggression on Ledger. but why did they leave me in the dark for so long about UTXOs? I'm sure I clicked around in their software enough to have discovered where they showed individual UTXOs, but thankfully I was adventurous to try another product (Jade) and that clearly showed different "coins" and the cost to combine them. I'm having the same issue now with BitKey. I don't know what it does with individual small UTXOs on the wallet. Does it just automatically consolidate them for me when I send transactions? will i be left with unspendable chunks in the future?

I don't completely get the UTXO thing, to be honest. I just got an inkling of it, when researching paper wallets. You end up needing lots of paper wallets because you can't spend a part of one. I somewhere picked up the 100k sats withdrawal rule, so I've been sticking to that. Don't know if it's a good rule.

It's a hurdle. I have some Bitkeys ready to give to some friends from Mexico who totally understand the money problem because they still remember when Mexico switched from the old peso to the new peso and overnight their grandmother's savings in pesos stuffed in the walls became worthless. So they are primed for Bitcoin, but now I have to explain why to only transfer large amounts to Bitkey and worry if Bitkey won't combine the utxos if they send too small quantities.

We are extrapolating past learning challenges into the future. What was hard to understand in the past will become easier. Just as the average Joe is now forced to understand inflation, he may also be forced to understand possible exit routes. There was a time you could live normally without the internet; now we live in a time where it’s hard to get both young and people off their digital gadgets ( said the dude typing on his phone ). Things change, hopefully for the better.