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From: Jeremy <jlrubin@mit.edu>
Date: Tue, 21 Dec 2021 16:25:04 -0800
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Subject: [bitcoin-dev] [Bitcoin Advent Calendar] POWSWAP: Oracle Free
Bitcoin Hashrate Derivatives
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--000000000000df0a1605d3b127a9
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Hi devs,
Today's post details how to make fully trustless hashrate derivative
contracts that can be embedded on-chain, inside of channels, options, or
inside of DCFMPs. These contracts can be used today without CTV, but they
obviously get better with CTV :)
enjoy: https://rubin.io/bitcoin/2021/12/21/advent-24/
I have not done any work to analyze the profitability of these contracts or
how you might price and risk them, or if a two sided market among miners
actually exists. That's not really my expertise.
But maybe someone can figure that out and let us all know :)
cheers,
Jeremy
--
@JeremyRubin <https://twitter.com/JeremyRubin>
<https://twitter.com/JeremyRubin>
--000000000000df0a1605d3b127a9
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div class=3D"gmail_default" style=3D"font-family:arial,he=
lvetica,sans-serif;font-size:small;color:#000000"><div class=3D"gmail_defau=
lt">Hi devs,</div><div class=3D"gmail_default"><br></div><div class=3D"gmai=
l_default">Today's post=C2=A0details how to make fully trustless hashra=
te derivative contracts that can be embedded on-chain, inside of channels, =
options, or inside of DCFMPs. These contracts can be used today without CTV=
, but they obviously get better with CTV :)</div><div class=3D"gmail_defaul=
t"><br></div><div class=3D"gmail_default">enjoy:<span class=3D"gmail-Apple-=
converted-space">=C2=A0</span><a href=3D"https://rubin.io/bitcoin/2021/12/2=
1/advent-24/" target=3D"_blank">https://rubin.io/bitcoin/2021/12/21/advent-=
24/</a><br></div><div class=3D"gmail_default"><br></div><div class=3D"gmail=
_default">I have not done any work to analyze the profitability of these co=
ntracts or how you might price and risk them, or if a two sided=C2=A0market=
among miners actually exists. That's not really my expertise.</div><di=
v class=3D"gmail_default"><br></div><div class=3D"gmail_default">But maybe =
someone can figure that out and let us all know :)</div><div class=3D"gmail=
_default"><br></div><div class=3D"gmail_default">cheers,</div><div class=3D=
"gmail_default"><br></div><div class=3D"gmail_default">Jeremy</div></div><b=
r clear=3D"all"><div><div dir=3D"ltr" class=3D"gmail_signature" data-smartm=
ail=3D"gmail_signature"><div dir=3D"ltr">--<br><a href=3D"https://twitter.c=
om/JeremyRubin" target=3D"_blank">@JeremyRubin</a><a href=3D"https://twitte=
r.com/JeremyRubin" target=3D"_blank"></a></div></div></div></div>
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