Do all medium / low value transactions eventually get priced out? Say I have a utxo that is currently $100 USD in value. Bitcoins value increases such that it is now $1000 USD in value. Is it possible that this becomes “dust” because it might cost $500 in transaction fees to spend it?
Is it also possible that my ability to stack bitcoin and consolidate it is is too slow such that the increase in transaction fees outpaces my ability to stack and consolidate utxos, such that all of my bitcoin de facto gets turned to dust and there was nothing I could do about it in the first place except be rich?
Dakota / Dakota
npub13p…pyttq
2024-04-08 17:52:58
in reply to nevent1q…7lmh
Author Public Key
npub13p5kny6j6valcshaa9sns8a6yg2p5gu2fuqyd4acsy8g03xmlu5qfpyttqPublished at
2024-04-08 17:52:58Event JSON
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"created_at": 1712598778,
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"content": "Do all medium / low value transactions eventually get priced out? Say I have a utxo that is currently $100 USD in value. Bitcoins value increases such that it is now $1000 USD in value. Is it possible that this becomes “dust” because it might cost $500 in transaction fees to spend it? \n\nIs it also possible that my ability to stack bitcoin and consolidate it is is too slow such that the increase in transaction fees outpaces my ability to stack and consolidate utxos, such that all of my bitcoin de facto gets turned to dust and there was nothing I could do about it in the first place except be rich?",
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