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Managing the fragmentation of their utxo set will become a critical factor for BTC services.
For example, this entity (oxt.me/entity/tiid/48…) is a wallet controlled by Coinbase. To date, it owns around 203 BTC split in 1,464,545 utxos !
With BTC at $15.8k, it means $3.2M with an average utxo value of 2.2$. #DustInTheChain
With BTC at $15.8k, it means $3.2M with an average utxo value of 2.2$. #DustInTheChain
This fragmentation is the result of 2 factors: a real business success and a long failure at optimizing their processes (batch transfers, etc).
