A simple question regarding UTXOs.
https://ift.tt/6u7YsLH
Check your favorite BTC block explorer, there are approximately [80 million unspent transaction outputs on the BTC blockchain](https://www.blockchain.com/charts/utxo-count).
Let’s assume roughly 4,000 transactions can fit into a block, and this will never change.
80 million UTXOs / (4,000 UTXOs/block) = 20,000 blocks = 200,000 minutes = 4.5 months for all of these outputs to be spent, only once.
Two questions:
1) Clearly, the lightning network is the way for all humans to use Bitcoin. When Bitcoin adoption goes hyperbolic, will most people be able to get their coins into a Lightning channel?
2) Instead of talking about 21,000,000 BTC as a total supply, does it make sense to talk about the amount of BTC contained in UTXOs that will ever move? At a certain point, fees will start to make many UTXOs unspendable.
In light of this, it seems that consolidation of your coins is the only real way to prevent losing UTXOs this way. This feels a bit like musical chairs, and many Bitcoiners might not have a chair when the music stops (and Bitcoin is widely adopted by countries and corporations, who will outbid the small transactions for space in the block)
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