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

UTXOracle
Bitcoin Prices without Exchanges

Bitcoin Magazine
UTXOracle: A Decentralized Approach To The Oracle Problem
Using the UTXO set to calculate a bitcoin price.
#bitcoin #nostr #grownostr #plebchain #zap #zapathon
#nostr #grownostr #plebchain #cats #catstr
#nostr #grownostr #plebchain