meta_pixel
Tapesearch Logo
Log in
We Study Billionaires - The Investor’s Podcast Network

BTC150: Solving the Oracle Problem w/ Daniel Hinton & Steve Jeffress (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 4 October 2023

⏱️ 58 minutes

🧾️ Download transcript

Summary

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?


BOOKS AND RESOURCES


NEW TO THE SHOW?


P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!


SPONSORS

  • Invest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.
  • Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!
  • Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.
  • Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.
  • Beat FOMO and move faster than the market with AlphaSense.
  • Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.
  • Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.
  • Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.
  • Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.
  • Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.
  • Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!
  • Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

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.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.