🧵 BIG NEWS! We can now infer the daily price of Bitcoin within 1% accuracy by looking only at the unspent transaction output (UTXO) set. This paves the way for trust-minimized, decentralized finance on Bitcoin. Here's how... #UTXOracle

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

👇 Why does the blockchain need to exist? It's because everyone's mempool isn't the same. Block confirmations sync all the updates to where my newest block now exactly matches everyone else's

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 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🔥

Bitcoin made @UTXOracle founder @SteveSimple drop everything. He says it still blows his mind—here’s why👇

As a reminder, UTXOracle does not reference any exchange price. It just looks at bitcoin transactions to infer what the price is. See how well it works 👇 cc @SteveSimple youtube.com/live/8Q-Wzl0BL74

He's done it again. Unbelievable! 👇

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 🧵👇

A new UTXOracle will be released soon. Here's an ascii art depiction of the improved algorithm. @skot9000 @DanielLHinton

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.

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 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.

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

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

Oh shit, there is a twitter acc and everything. @UTXOracle

This is a very cool website. utxo.live/

Grateful for the opportunity to have a conversation on digital self custody of fixed fiat value with @get10101 and @tonklaus ... x.com/i/spaces/1BdGYrPVzdBJX

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.

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

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.