Now, when users send coins, they can change their spending habits by clicking on "Advanced Options" and switching to one out of two new strategies:
I am not able to install Ledger Live to play around with it myself at the moment (and I don't really have any desire to), but is this it? You can pick from two options? Can you actually pick individual UTXOs to spend, or can you only pick one of these options and the wallet still picks for you? Because that is not coin control.
Minimize fees (optimize size): the strategy spends the lowest number of coins to reduce the byte size of the transaction. This strategy results in a low network fee.
This strategy only results in a low network fee if the network fees are low at the time. A one-input-two-output transaction, although small, will still be expensive at 200 sats/vbyte.
Minimize future fees (merge coins): the strategy spends the maximum number of inputs so that a potential price rise does not make smaller coins economically unspendable. Indeed, if the price of a crypto asset increases too much, smaller coins may worth less than the cost of the network fees to spend them.
I don't follow this at all. If the price of bitcoin increases too much, smaller UTXOs may be worth less than the fee to spend them? Forgive me if I'm missing something obvious here, but that is true at any price, no? If I have a 600 sat UTXO and it is going to cost me 1000 sats to send it, then it makes no difference what the USD value of those sats are.
They also make no mention whatsoever of the privacy implications of Ledger Live picking and choosing a bunch of otherwise unconnected UTXOs to include in a transaction.
As dkbit98 has said, this is far too little too late. Not nearly enough for me to even consider giving Ledger Live another shot.