• Muun was a good wallet to get the kids started
• Time to consolidate and move your Bitcoin around
• Notable notes
• Recommendations
  • MCBitcoin
  • What did you think of today’s newsletter?

“Muun is fine in a low fee environment, but there could be some serious pain once fees go up.”

— @MCBitcoin

Over a year ago, I loaded the Muun wallet into my kids phones and started paying them their weekly allowance in Bitcoin. Today, I’ve switched their savings in their phones to Phoenix.

§Muun was a good wallet to get the kids started

My kids have been able to use Muun regularly and that is a testament to Muun’s UX. They would send me invoices every Sunday or pay my invoices when they needed to send me money.

I regularly tell them that what matters is how much Bitcoin they have and shouldn’t worry about the ups and downs of the price in US dollars, but they are kids after all, and they surely did keep track of their savings in US dollars and Muun made that easy as well.

But things got out of control when on-chain fees skyrocketed. I was paying 6,000 sats to send 60,000 sats 😖

I started holding their allowance to pay multiple weeks at once but that’s not right. What message am I sending my kids if I pay them with money that is hard and expensive to use?

So now that the fees are back to reasonable numbers, I’ve moved their savings to Phoenix.

Will Phoenix do better in a high fee environment? We’ll see. I’ll be sure to report back here.

§Time to consolidate and move your Bitcoin around

Once fees go up again, I don’t think we will ever see fees as low as they are now. So take the opportunity to consolidate UTXOs, open up new Lightning channels and move things around.

§Notable notes

§Recommendations

§MCBitcoin

MCBitcoin is someone who should have way more followers.

You can follow him @here

§What did you think of today’s newsletter?

Your feedback helps me create the best newsletter possible for you.

Please leave a comment and checkout comments from other subscribers and readers. I love hearing from the Bitcoin For Families community ❤️ 🙏🏻

See you again next week! — Alejandro

This newsletter is for educational purposes. It does not represent financial advice. Do your own research before buying Bitcoin.