Using the UTXO set to calculate a bitcoin price Telegram: https://teapaw.org/t.co/b53iwp3cb6
Joined July 2023
- Tweets119
- Following2
- Followers561
- Likes175
UTXOracle retweeted
New Oracle Live Launched! 🚀
- Every bitcoin transaction
- Every second
- Full blockchain history
- Live mempool entries
- Huge TXs identified
- Round USDs identified
And as always - the one true price from 100% on-chain data
Live at UTXOracle on YT and utxo.pro
UTXOracle retweeted
Free API now available for the latest UTXOracle price from my mempool
api.utxoracle.io/latest.json
1 min updates. Price averages the last 5 min of new mempool entries
After TXs confirm, prices can be verified by your node using the open source code at utxo.pro
UTXOracle retweeted
UTXOracle Version 9 Released!
Get the bitcoin price directly from your node. 100% on chain data. No APIs, No Exchanges, No paper trading. Open source, decentralized.
New in v9 - Interactive intraday charts, confirmed consensus price, up to the latest block price.
Links in comments
Let's go🔥
UTXOracle retweeted
Bitcoin made @UTXOracle founder @SteveSimple drop everything.
He says it still blows his mind—here’s why👇
UTXOracle retweeted
UTXOracle is back!
UTXOracle gets the price of bitcoin directly from your node
100% decentralized open source
The new version released today works up to $500k, filters out non-financial transactions, and is perfect every day since January 2021
utxo.live/oracle
🧵👇
UTXOracle retweeted
A new UTXOracle will be released soon.
Here's an ascii art depiction of the improved algorithm.
@skot9000 @DanielLHinton
UTXOracle retweeted
What blind oracles? Are they open-source? Why not use @UTXOracle, which is totally on-chain price oracle. Anyone will get nearly the same price from their own nodes.
UTXOracle retweeted
My continued deep dive into the Bitcoin lending scene brings me to @lava_xyz, a company which I’m actually a seed investor in.
Lava uses DLCs and a non-centralized set of “blind oracles” to minimize counterparty risk & risk of Oracle collusion.
Launching soon in earnest, Lava provides a way to borrow against your bitcoin without rehypothecation risk.
Rates are yet to be determined but they seem reasonable.
I’m getting close to pulling the trigger with Lava for my borrowing needs…although I’m still thinking through the risks.
notebooklm.google.com/notebo…
UTXOracle retweeted
@UTXOracle uses a stencil to find round USD output amounts without the need for a trusted oracle.
It might be worth taking a look at it for 'easier' testing of this heuristic.
UTXOracle retweeted
Soft Pork: A Cautionary Tale
Read how the animals of Fiat Fields Manor, a humble poultry farm, may shape the fates of many.
runbitcoin.org/pork
UTXOracle retweeted
Do you live on a budget? Fill out this form please 🙏
I think it’d be cool to have a bitcoin focused budget app.
forms.gle/TxtJUhHbGGwZ2zrz6
UTXOracle retweeted
This is a very cool website.
utxo.live/
UTXOracle retweeted
Grateful for the opportunity to have a conversation on digital self custody of fixed fiat value with @get10101 and @tonklaus ...
teapaw.org/i/spaces/1BdGYrPVzdBJX
UTXOracle retweeted
As @halfin had foreseen, we will have banks that are backed by #Bitcoin.
To reduce the risk, I see people will deposit their $BTC into a bank in a form of multisig, 1 is for user, 1 is for the bank, and 1 is for neutral party like @UTXOracle. Semi-custodial solution.
Rethinking Lightning
cc: @benthecarman
stacker.news/items/379225
UTXOracle retweeted
Three months of decreasing USD denominated outputs on chain
Bright yellow $100 tx line continually gets you less btc. Same for all other round USD lines
UTXOracle retweeted
As @halfin had foreseen, we will have banks that are backed by #Bitcoin.
To reduce the risk, I see people will deposit their $BTC into a bank in a form of multisig, 1 is for user, 1 is for the bank, and 1 is for neutral party like @UTXOracle. Semi-custodial solution.
Rethinking Lightning
cc: @benthecarman
stacker.news/items/379225
UTXOracle retweeted
Looks like UTXOracle has confused the $50 and $100 lines today (Nov 8th), leading to a price that's 2x what it should be.
Unless maybe the ETFs were approved just now :)
UTXOracle retweeted
The consistency of the weekly cycle in bitcoin transactions makes me feel like bitcoin is already the true heartbeat of the world
