Moe on Nostr: Will there come a day when spending a UTXO becomes such an expensive endeavor that it ...
Will there come a day when spending a UTXO becomes such an expensive endeavor that it transforms into a privilege reserved for a few? As fees can surge during periods of heightened activity, moving even a small amount of #Bitcoin could demand a significant financial outlay. This scenario leads me to wonder about the broader implications for self-custody. If transacting becomes cost prohibitive, could we witness a shift where individuals are deterred from managing their own Bitcoin, thereby nudging them towards third-party services for handling their assets? Such a development would challenge the foundational ethos of decentralization and individual sovereignty that #BTC was built upon.
Published at
2024-04-10 20:08:56Event JSON
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"content": "Will there come a day when spending a UTXO becomes such an expensive endeavor that it transforms into a privilege reserved for a few? As fees can surge during periods of heightened activity, moving even a small amount of #Bitcoin could demand a significant financial outlay. This scenario leads me to wonder about the broader implications for self-custody. If transacting becomes cost prohibitive, could we witness a shift where individuals are deterred from managing their own Bitcoin, thereby nudging them towards third-party services for handling their assets? Such a development would challenge the foundational ethos of decentralization and individual sovereignty that #BTC was built upon.",
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