inferring the #bitcoin price in USD using the UTXO set. this is the power of an open, publicly queryable base settlement layer. absolutely fascinating and amazing work!! this seems foundational for actual DeFi built on bitcoin rails without third-party oracles

UTXOracle

Bitcoin Prices without Exchanges

and you can run it yourself: https://utxo.live/oracle/UTXOracle.py read more here:

Bitcoin Magazine

UTXOracle: A Decentralized Approach To The Oracle Problem

Using the UTXO set to calculate a bitcoin price.

"escape the arbitrary inflation risk of centrally managed currencies! #bitcoin's total circulation is limited to 21 million coins." - satoshi nakamoto #studybitcoin

haven't posted on nostr much lately. i must do better #bitcoin #nostr #grownostr #plebchain #zap #zapathon

yum 😋 #nostr #grownostr #plebchain #foodstr #lunch

fiat mining ⛏️ (sad sigh) stacking 🌽 (happy sigh)

feel the buzz ⚡️🐝 ⚡️ View quoted note →

inflation: a great evil among us View quoted note →

i want to #believe 👽

this is brie. well.. melted brie 🧀 #nostr #grownostr #plebchain #cats #catstr

sun and water. vital #nostr #grownostr #plebchain

still no idea why my feed has been garlicified but i'm craving garlic bread now 🧄 #nostr #grownostr #plebchain #garlic #garlicstr

my feed is now heavily dominated with garlic content 🧄 love garlic but also wondering what the heck’s going on 😂