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I believe, dust collection is prohibitively costly. And if one's using Bitcoin any actively, they'll end up generating a lot of dust, I think. At the current B
by drdaeman 9y ago
I believe, dust collection is prohibitively costly. And if one's using Bitcoin any actively, they'll end up generating a lot of dust, I think.
At the current BTC/USD rates, I have a few dollars worth of dust. However, it's spread over 17 inputs, so it's basically unspendable. It would require ~3.1KB transaction so even at 30sat/byte the fees would be, like, 0.00093 BTC ($6.5 at $7K/BTC).
For poorer countries even $2-5 could be a well significant amount. One can probably have a meal for that money.
- freeloop3 9y ago> For poorer countries even $2-5 could be a well significant amount. One can probably have a meal for that money. Or ten... You're a little out of touch for whom you speak for.
- drdaeman 9y agoYes. You're right.
- nikcub 9y agoMany wallets and users don't do dust sweeps anymore since it associates all the utxo's with a single user and reduces your privacy Theres nothing wrong with having many utxo's of varying sizes - good wallets will give you a choice on how to select them when composing a transaction (such as Electrum) and you can sweep part of it back to yourself in what would otherwise look like any other transaction