Bricks_Mints on Nostr: Consolidating utxo's is more akin to moving cash from old physical wallets to a new ...
Consolidating utxo's is more akin to moving cash from old physical wallets to a new wallet. Or taking change (coins) to coinstar to get paper money and then putting it in a physical wallet.
It sounds weird because typically no one carries multiple wallets on their person but change (coins) require a centralized service to convert back into paper. Bitcoin doesn't need a third party to accomplish this,
Published at
2023-12-08 15:55:11Event JSON
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"content": "Consolidating utxo's is more akin to moving cash from old physical wallets to a new wallet. Or taking change (coins) to coinstar to get paper money and then putting it in a physical wallet. \n\nIt sounds weird because typically no one carries multiple wallets on their person but change (coins) require a centralized service to convert back into paper. Bitcoin doesn't need a third party to accomplish this,",
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