"It means that, given an open-source model, this could help bring about the ability to:
— Daniel Hinton & Steve Jeffress
What if we could know, within a 1% precision, what the price of Bitcoin is, by only using your full node, and no other source of data? How useful could that be in protecting you from false data streams, or for building applications and decentralized marketplaces that could hedge and settle capital in BTC, according to its USD value? If you've been excited about potential solutions to the decentralized market problem, UTXOracle is not one to dismiss.
Check out the original article at: The UTXOracle Model
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
-------------------------
“No great discovery was ever made without a bold guess.” ― Isaac Newton
"The project was initially understood as yet another doomed attempt to construct a digital currency by the disillusioned cypherpunk community. And without anyone’s permission,...
"But more broadly, one must ask, “at what point would someone want to permanently exchange their self-custodial scarce money (bitcoin) that has a 1.8%...
Today we take a stroll through a collection of known errors, clarification, and terminology changes from the original whitepaper made available thanks to David...