Juraj on Nostr: Pro tip: consolidate into lightning channel. If you do it per utxo, you keep them ...

Pro tip: consolidate into lightning channel. If you do it per utxo, you keep them separated from privacy point of view, yet spendable together.

I use Breez for this, they don't charge for swap in to lightning, you only pay the mining fees for sending utxo to swap in address.

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nevent1q…9dk9

Great read from TheGuySwann (npub1h8n…rpev) on the importance of UTXO consolidation. I had naively believed that if one controlled several smaller UTXO these could be efficiently consolidated at any time but in fact each UTXO is encumbered by its own private key which means that a signature is needed for all inputs in a transaction and there is little efficiency gained by consolidating during a spend. Therefore UTXO consolidation needs to be pro actively done during opportune low fee periods. Considering 100,000sat UTXOs can become unspendable this is a serious issue for many DCA stackers.

Bitcoin Audible: Read_801 - To Dust You Shall Return

Episode webpage: https://podcasters.spotify.com/pod/show/bitcoinaudible/episodes/Read_801---To-Dust-You-Shall-Return-e2fs4gm

Media file: https://anchor.fm/s/80d5cfc/podcast/play/82759638/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2024-1-16%2F31bbef98-53cf-05c4-1567-042064420d47.mp3