colourorange on Nostr: inferring the #bitcoin price in USD using the UTXO set. this is the power of an open, ...

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

https://utxo.live/oracle/

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

read more here: https://bitcoinmagazine.com/technical/utxoracle-model-could-bring-use-cases-to-bitcoin