Nostr Web Client

Preview of UTXOracle Intraday

UTXOracle gets the bitcoin directly from your node. Open source, decentralized, no trusted third party.

The daily avg price code is available at utxo.live/oracle

Just recently I’ve developed an intraday version. The plot below (code in beta) contains 25,000 on chain transaction data points.

By exploiting the fact that people tend to transact in round amounts of usd, the price signal emerges as an embedded on chain signal.

Flix 9mo ago

UTXOracle + Bisq atomic swaps =

Trustless P2P Bitcoin binary options.

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Discussion

Flix 9mo ago

In fact you can do any type of option: call, put, stradle...

You can also do any type of future contract as long as bitcoin is the underlying asset.

The possibilities are staggering!

Flix 9mo ago

Straddle*

Flix 9mo ago

No intermediaries. No brokers. No KYC. No borders. No default risk. No counterparty risk. Unstoppable. Uncensorable.

Flix 9mo ago

I'm thinking that if you can derive the Bitcoin USD price from blockchain data... you can also derive the EUR price. Implicitly you could also get EURUSD rate.

So not only can you do all type of Bitcoin derivatives... but also EURUSD derivatives!

Uncensorable FX trading will become very relevant in the coming years as protectionism ramps up.

Flix 9mo ago

If a tariff war erupts... capital controls and FX controls always follow.

But now we have a new global financial system.