UTXO Mismanagement and Best Practices

This chapter discusses the concept of UTXO mismanagement and provides insights on how to properly manage UTXOs, including avoiding numerous small UTXOs, maintaining a distribution of UTXO sizes, labeling UTXOs in cold stashes to track origins, and detecting potential dust attacks. It also mentions interesting on-chain activities involving Ren BTC and discusses weekly cycles and oscillations in UTXO outputs.

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Episode notes

Marty sits down with Steve and Daniel to discuss UTXOracle, a way to estimate Bitcoin's price using nothing but node data.

Steve on Twitter: https://twitter.com/SteveSimple

Daniel on Twitter: https://twitter.com/DanielLHinton

Check out UTXOracle and other data visualization: https://utxo.live/

0:00 - Intro
6:41 - Steve and Daniel’s background
10:59 - Explaining UTXOs
13:34 - Visualizing data
20:46 - Effect of Bitcoin ATMs on patterns
25:24 - How to infer price from UTXO data
35:27 - Usefulness as an oracle
45:28 - Possibility of price per block
46:41 - Human action, opportunities and attack vectors
53:26 - Effect of ordinals
55:49 - UTXO mismanagement
1:02:37 - Spending old coins
1:06:51 - Taproot changes and far future problems
1:18:20 - Fun new concepts
1:27:43 - Run the numbers yourself
1:32:58 - Wrapping up

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