Probably stating the obvious here but feel like UTXO Management is going to be the next “challenge” with the onboarding process of new Bitcoiners - kind of like getting off exchanges to cold storage was (and still is) a big push for those entering the space.
It’s become so much easier now to do this, even with air-gapped cold storage, with so much support here, on Youtube, and elsewhere. And the work of so many awesome Bitcoin companies and their cold storage solutions.
Thankfully a lot of us stacked when 1 million sats may have been 100-200 USD or cheaper…so by default a lot of our UTXOs are actually a good size already.
As USD continues to fall against #Bitcoin, and with the expectation that fees and demand for block space increases, folks entering with a daily or weekly small DCAs, without understanding even what a UTXO is yet, will run into a lot of frustration moving their funds on chain, to cold storage or otherwise, unless they consolidate early or are smart with sizing their buys.
Will take some intentional work on our end to support these newer folks so that their first touch points with Bitcoin don’t turn them off to all that it really is. ⚡️
joe / Joe Santamaria, MD
npub1jp…xtsa4
2024-01-07 21:35:37
Author Public Key
npub1jpa95gmrt6szhczjcv05vkces2h0kat8zrxvna3g4gcmwrfwychqaxtsa4Published at
2024-01-07 21:35:37Event JSON
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"kind": 1,
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"content": "Probably stating the obvious here but feel like UTXO Management is going to be the next “challenge” with the onboarding process of new Bitcoiners - kind of like getting off exchanges to cold storage was (and still is) a big push for those entering the space. \n\nIt’s become so much easier now to do this, even with air-gapped cold storage, with so much support here, on Youtube, and elsewhere. And the work of so many awesome Bitcoin companies and their cold storage solutions. \n\nThankfully a lot of us stacked when 1 million sats may have been 100-200 USD or cheaper…so by default a lot of our UTXOs are actually a good size already. \n\nAs USD continues to fall against #Bitcoin, and with the expectation that fees and demand for block space increases, folks entering with a daily or weekly small DCAs, without understanding even what a UTXO is yet, will run into a lot of frustration moving their funds on chain, to cold storage or otherwise, unless they consolidate early or are smart with sizing their buys. \n\nWill take some intentional work on our end to support these newer folks so that their first touch points with Bitcoin don’t turn them off to all that it really is. ⚡️",
"sig": "582c3f4ede823737f3fcac9a970698722aeca235d0fb8b29a7e5d321ae10d77b40357797e406bc67bab7ea2c41cb5d1984ab705234c7d159f23712862c457d10"
}