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Using the UTXO set to calculate a bitcoin price Telegram: https://teapaw.org/t.co/b53iwp3cb6

Joined July 2023
Replying to @SteveSimple
The mempool view is so awesome!
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Trying to run the numbers for BitVM at supertestnet.github.io/taple… We're too excited to sleep!
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Replying to @clearmined1
“Dead-on balls accurate. It’s an industry term.”
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According to my node, the January 01, 2023 btc price estimate is: $16,688 We've run the numbers! Download the file and run it yourself at utxo.live/oracle/UTXOracle.p… You'll get the exact same price as me 🤯
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Success! My own personal picture of all 115,884,579 UTOXs at block 802,457
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It's like waiting for Christmas morning 😊🥳
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Update: dumptxoutset dumped! 115,884,579 UTXOs accounted for at block 802,457
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Run a local version of utxo.live to visually explore the UTXO set. Follow the instructions at github.com/Unbesteveable/utx…
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Nice graphic on DLCs from @DLC_Link @UTXOracle wants to allow Alice and Bob to use the Bitcoin UTXO set as the Bitcoin Attestor to settle their payouts
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Examining @utxoracle -- Conclusion: UTXOracle enables more secure and transparent financial services within the #Bitcoin ecosystem.
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This image is 2 years of on chain outputs from 2021-2023. The two brightest yellow traces are $50 and $100 USD denominated outputs. Round USD outputs from $5 to $10k are also clearly visible (log scale).
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Binance is currently $600 higher than US spot markets. Which is actually "correct"?...Who knows UTXOracle simply shows you the price that the Bitcoin UTXO set currently represents without regard to central venues.
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The wavy lines are groups of UTXOs denominated in round USD values ($1, $20, $50, $100, $200, $500, $1k, etc.) The lines are very wavy (as USD price moves), yet parallel to each other. They also move inversely to price (a line sloping down is the BTC/USD price going up).
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Have you ever thought about the 'real' price of Bitcoin? Thousands of exchanges, brokers, etc. quote BTC prices, but they aren't always correct. What if we could use the Bitcoin UTXO set to determine a price at each block height?
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