UTXOracle

Using the UTXO set to calculate a bitcoin price

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[UTXOracle @UTXOracle]

🧵 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

[Simple Steve 🌌 @SteveSimple]

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 https://t.co/vCHGOVmAI5

[UTXOracle @UTXOracle]

👇 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

[HODLING LOVE @hodlinglove]

For a long time I didn’t know much about mempools. When you start building things you face this conundrum and learn quite a bit.

For those finding this post here is the why:

Each Bitcoin node maintains its own mempool in its local RAM (memory). Therefore mempools aren’t perfectly identical across the network - they’re not stored in some centralized location or on the blockchain itself.

[Simple Steve 🌌 @SteveSimple]

Free API now available for the latest UTXOracle price from my mempool

https://t.co/BOb2TTGFFg

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 https://t.co/vCHGOVmAI5

[Simple Steve 🌌 @SteveSimple]

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🔥

[Byte Federal @ByteFederal]

Bitcoin made @UTXOracle founder @SteveSimple drop everything.

He says it still blows his mind—here’s why👇

[UTXOracle @UTXOracle]

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

https://t.co/BNodsQqCsG

[UTXOracle @UTXOracle]

@SteveSimple The mempool view is so awesome!

[UTXOracle @UTXOracle]

He's done it again.

Unbelievable! 👇

[Simple Steve 🌌 @SteveSimple]

If we listen closely
Bitcoin tells us its own price

UTXOracle is LIVE!

100% on-chain data
Real-time mempool entries
No banks
No exchanges
No paper trading
No API calls
Open source
Decentralized

The only objective price

Stream link in bio and comments 👇
Let the signal speak

[Simple Steve 🌌 @SteveSimple]

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

https://t.co/25BmxkSpJz

🧵👇

[Simple Steve 🌌 @SteveSimple]

A new UTXOracle will be released soon.

Here's an ascii art depiction of the improved algorithm.

@skot9000 @DanielLHinton

[UTXOracle @UTXOracle]

@Dr_NEOphyte @duganist We aim to please!

Will have a new and improved version shipped soon also

https://t.co/K2KKsByyam

[Simple Steve 🌌 @SteveSimple]

A new UTXOracle will be released soon.

Here's an ascii art depiction of the improved algorithm.

@skot9000 @DanielLHinton

[UTXOracle @UTXOracle]

@p2pfiat @lendasat Nice! Tell me more

[UTXOracle @UTXOracle]

@p2pfiat @1440000bytes https://t.co/1wlbSYGTsZ has some of these features

[Tom Jefferson @btc_jefferson]

@bradmillscan @lava_xyz 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.

[Brad Mills 🔑⚡️ @bradmillscan]

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.

https://t.co/r0lflnTvTo

[LesLie @0300dbdd1b]

@Loic_Pandul @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.

[Daniel Hinton @DanielLHinton]

Soft Pork: A Cautionary Tale

Read how the animals of Fiat Fields Manor, a humble poultry farm, may shape the fates of many.

https://t.co/2e0xs2oJys

[Daniel Hinton @DanielLHinton]

Do you live on a budget? Fill out this form please 🙏

I think it’d be cool to have a bitcoin focused budget app.

https://t.co/2lx6jCOTxM

[Alex Waltz @raw_avocado]

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

[Alex Waltz @raw_avocado]

This is a very cool website.
https://t.co/l9Xqtrb60b