What Dis UTXO’s Do……..Man?🐸
Cot was watching PEPE intently…………
“Dad, if this frog messes up my Bitcoin wallet, I might be sampling frog for dinner tonight!”😺
Dad had his job cut out for him this morning, before I could even think about a hike!😅
I have been gifting my grown sons Bitcoin Sat’s for Birthdays and Christmas this year!🎂
Transactions on BTC are recorded to the blockchain as “UTXO’s”.
Each Sat deposit is basically a “bucket” of cash. All these small transactions can add to the cost of future payments, especially if transaction fees rise in the future, along with the price of bitcoin!😮
The app Trezor Suite allows you to combine all these “buckets of Sat’s” into one bucket ”!
At the moment the “Fear and Greed index” on coinMarketCap is showing 35…….
Extreme fear!😳
The transaction cost to combine multiple Bitcoin “Buckets” is extremely cheep!😇
Liz and Silvertop called our youngest son ……….
“Son, PEPE wants to combine all your small Bitcoin transactions into one larger chunk of Bitcoin! Are you OK with him signing into your wallet?”😇
“Uh……. OK Dad, are you supervising him?”😅
“No worries Bill, PEPE said he has done this a million times Lol!”🤣
“Silbertop, how many buttons da I push to make Bitcoin work!”🐸
Hmmm………..🙄
“Maybe you should let me move all of Bill’s Bitcoin!”😇
Moments later our son had one larger chunk of Bitcoin!😊
“Cot, keep an eye on PEPE, I think he wants to push MORE buttons today Lol…. I’m going hiking”☺️
The weekend is here, BTC is on sale…. Enjoy everyone !!!🤗
Till tomorrow Silvertop Mike 😊
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