What is a UTXO? w/ Tom Honzik | TILBTC 10

31/07/2023 36 min Episodio 10

Listen "What is a UTXO? w/ Tom Honzik | TILBTC 10"

Episode Synopsis

Alec solo hosts a repeat guest - Tom Honzik - to learn what a UTXO is and why it is so important to manage your Bitcoin now for the future. With both past and recent events displaying how fees can spike on Bitcoin, now is the time to plan if you’re a long term Hodler. Tom is a subject matter expert on UTXO’s and has written multiple article covering this increasingly more important topic.
Tom Honzik Links:
https://tomhonzik.com
X: @Tom_Honzik

Main Takeaways:
1. What is a UTXO? 
2. Coin control & UTXO consolidation
3. Don’t let your Bitcoin turn to “dust” in the future | Min. 1M Sat UTXO’s 
4. Set a withdraw threshold for your DCA
5. Understanding transaction fees on Bitcoin 
6. Privacy via coin control

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In this insightful episode, we are joined by Tom Honzik, an expert in the world of UTXOs (Unspent Transaction Outputs), to discuss this crucial aspect of Bitcoin and its significance in safeguarding your satoshis for the long term.
As the landscape of Bitcoin continues to evolve, it has become increasingly evident that understanding UTXOs is paramount for any serious Bitcoin holder. Tom, with his wealth of knowledge and expertise, sheds light on the intricacies of UTXOs and explores why managing them effectively is more important now than ever before.
Whether you are a newcomer or a laser eyed pleb, this episode offers invaluable insights into the significance of UTXOs. With past and recent events demonstrating how transaction fees can suddenly surge in the Bitcoin network, proactive planning has never been more critical for those who embrace the "Hodler" mindset.
As a bonus, Tom has authored multiple articles dedicated to this pressing topic, providing a wealth of supplementary resources to complement the discussion. So, don't miss out on this opportunity to enhance your understanding of UTXOs and fortify your Bitcoin holdings against the uncertainties of the future.
Tune in now to Today I Learned: Bitcoin and embark on a journey of knowledge with Alec and Tom as they uncover the hidden gems of UTXOs and equip you with the tools to manage your Bitcoin effectively for the long run.
#Bitcoin #UTXO #Coincontrol #Hodler #TodayILearnedBitcoin #NGU