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?
Gar bear
npub1g4…ltqvs
2024-09-02 15:21:03
in reply to nevent1q…4nt4
Author Public Key
npub1g49uyac6d83sss7sln8aumsstle7m3wxwwvc8mmpqsnr8e9f2cdq6ltqvsPublished at
2024-09-02 15:21:03Event JSON
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"content": "yes, I wrote it off as a Giffen good. \n\neven buying it initially on an exchange was still not enough to understand what Satoshis were. \n\nwhen 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:\n\n \"Satoshis don't exist, they just measure UTXOs\"\n\nSo that further accelerated the fall into the rabbit hole \n\nI'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.\n\nI'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?",
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