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When we do a transaction, we pick UTXOs we want to spend. Sounds simple, just pick UTXOs with total value >= the amount you want to spend.

But then inscriptions, rare sats etc. come into play. Now, some UTXOs are not safe to spend.

How do I pick UTXOs, which are safe to spend? Is there an easy way to make sure a UTXO doesn't have rare sats/inscriptions/anything else before spending it?

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  • Take a look at Murch's post on coin selection. It's not specifically about inscriptions etc, but very worthwhile nonetheless.
    – Hannah Vernon
    Commented Jul 27 at 15:20
  • @HannahVernon thanks! Will check this
    – Maxgmer
    Commented Jul 27 at 16:06

2 Answers 2

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How do I pick UTXOs, which are safe to spend? Is there an easy way to make sure a UTXO doesn't have rare sats/inscriptions/anything else before spending it?

Those UTXOs are still "safe" to spend if they comply with Bitcoin consensus rules. However, if you want to avoid spending UTXOs that adhere to the rules of an external metaprotocol (e.g., ordinals) outside Bitcoin's consensus rules, you need to run the software of that metaprotocol or use a wallet that is aware of its rules.

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  • 1
    thanks, will try to find APIs for the specific "metaprotocols" that are popular then
    – Maxgmer
    Commented Jul 27 at 13:33
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Is there an easy way to make sure a UTXO doesn't have rare sats/inscriptions/anything else

No.

There isn't an easy way, because there is no central coordination of these forms of graffiti and externally assigned meanings. Nor can there be.

This is especially true when you include "everything else"

All these things are outside the use cases provided for by the creator of bitcoin. They are external, just as the US treasury's department of engraving and printing don't keep track of doodles on $1 banknotes and don't keep track of trade in $1 banknotes with "lucky" serial numbers

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