Oddbean new post about login | logout Haven't touched most of my utxos since I stacked them years ago. Just sitting there is me using Bitcoin as savings. You don't have to move coins to "use" Bitcoin.
What are your thoughts on utxo consolidation?
Depends how you spend them. Generally I don't like utxos under 10m sats. But I don't consolidate my whole stack in case I need to pay someone, I don't want them to see my whole stack. So I keep different sizes utxos and my biggest ones are never used for spending
This
Case by case basis. If you have lots of utxos below 100k sats probably worth consolidating. Make sure your not comingle utxos you don't want comingled. Kyc sats with non kyc sats for example. With fees being so low, really is a no brainer. Imo
Hodling is the most important use
Why? Using the paper money to store the harder money for when its needed in the future? I don't see anything wrong with that. I've spent sats to buy a few btc related things but the vast majority is stored for long term savings. Isn't that really the best use case for now?
Are you like delusional or something? Yikes man
Since 2020, when I started buying bitcoin, I haven’t moved a single Satoshi out of cold storage. My dad hasn't moved a single Satoshi either, nor have my siblings, my uncles, my cousins, or my friends. Everyone who bought and continues buying bitcoin thanks to my 'non-investment advice' now has more bitcoin and never less. Each person, of course, according to their own scale and measure. Using bitcoin, as you rightly said, doesn’t necessarily mean transferring or spending it. All of us use bitcoin by keeping it stationary, to protect ourselves from the inflationary and even confiscatory policies of the Argentine Republic.
I spedn whenever i can and i stack whenever i can. Spedn is always lightning through and i still stack faster than i can spedn.