4.6 • 3.6K Ratings
🗓️ 4 October 2023
⏱️ 58 minutes
🧾️ Download transcript
On today’s conversation with Daniel Hinton and Steve Jeffress, they talk about the idea of financial oracles and how the price of Bitcoin in US dollar terms is passively showing up in the data of the Bitcoin blockchain.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:39 - What is an Oracle and what is it needed for?
06:42 - What is a UTXO?
08:29 - What price information was discovered in the Bitcoin blockchain?
10:17 - How was it found?
10:17 - What are some other interesting things that have been found in the "heat-maps" of the data?
31:32 - How could this discovery be used in the future?
32:54 - Can you see the Hodl-waves in the data?
47:34 - What are some of the more important things to focus on in Bitcoin?
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0:00.0 | You're listening to TIP. |
0:03.4 | Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast. |
0:07.4 | Every once in a while, there's something really interesting that's discovered within |
0:10.3 | the technology of Bitcoin. |
0:12.1 | And during today's conversation with Daniel Hinton and Steve Jeffress, we talk about the |
0:16.5 | idea of financial oracles and how the price of Bitcoin in US dollar terms is passively |
0:22.3 | showing up in the data of the Bitcoin blockchain. |
0:25.4 | Both of these gentlemen have written some code that allows anyone to look back through their |
0:29.5 | nodes block data and determine the price in dollar terms within a percent. |
0:34.6 | And they're able to perform this calculation without referencing any exchange data. |
0:39.2 | The ramifications of this could be profound considering there's much debate for the potential |
0:43.2 | of decentralized finance and the data oracle always having been the centralized vulnerability. |
0:49.0 | Their announcement has created quite a stir online with many critics and people suggesting |
0:53.2 | this is a reliable tool, but we get into all of that and much, much more during this conversation. |
0:59.2 | So without further delay, here's my chat with Daniel and Steve. |
1:05.9 | You're listening to Bitcoin Fundamentals by the Investors podcast network. |
1:11.4 | Now for your host, Preston Pish. |
1:18.6 | Hey everyone, welcome to the show. |
1:26.2 | I'm very excited to have Daniel and Steve with me and to talk about this really exciting |
1:32.5 | breakthrough slash discovery that you guys recently have in the news. |
1:37.6 | So welcome to the show. |
1:39.1 | Thanks. |
... |
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