I wanted to verify this for some time; you can use Bitcoin d...

930ccef12372dd2f...

npub1jvxvaufrwtwj79s90n79fuxmm9pntk94rd8zwderdvqv4dcclnvs9s7yqz

hex

e6ddac43c00828a6ebd09a22404af374e1916c01cda85a56551faa9434203e6f

nevent

nevent1qqswdhdvg0qqs29xa0gf5gjqftehfcv3dsqum2z62e23l255xssrumcprpmhxue69uhhyetvv9ujuem4d36kwatvw5hx6mm9qgsfxrxw7y3h9hf0zczhelz57rdajse4mz63kn38xu3kkqx2kuv0ekg9n5qh7

Kind-1 (TextNote)

2026-08-22T17:01:54Z

I wanted to verify this for some time; you can use Bitcoin difficulty alone to have a bitcoin derivative that has comparable volatility to the 200 WMA of the BTC/USD price... Except you don't need an oracle for the BTC/USD historical price, nor do you create any demand for USD specifically... It is a pure measurement of the moving average of global demand of Bitcoin for the past year, and thus it works totally independently from any fiat information.

There is also some simulation about how would a salary contract denominated in this smoothed demand currency and renegotiated once a year work for both parties. Similarly there is a simulation for how would a merchant accepting this currency then buying inventory once a month in USD fair given the monthly volatility.

Bitcoin price will never be stable, but the 200wma is already stable enough, this is a way to create a "stable" derivative of BTC that doesn't refer to any authority other than Bitcoin itself and it's onchain data.

I hope you like it.

Note; Rootstock has access to bitcoin headers by consensus, and has the expressivity to build a lending protocol based on this. Hopefully someone would build it.

https://github.com/nuhvi/dbtc

https://npub1jvxvaufrwtwj79s90n79fuxmm9pntk94rd8zwderdvqv4dcclnvs9s7yqz.blossom.band/a7d3dc4a4c69599fa5b6b738f0f33f3c43a3181575ff49f1a571d968220d5981.png

Raw JSON

{
  "kind": 1,
  "id": "e6ddac43c00828a6ebd09a22404af374e1916c01cda85a56551faa9434203e6f",
  "pubkey": "930ccef12372dd2f16057cfc54f0dbd94335d8b51b4e2737236b00cab718fcd9",
  "created_at": 1787418114,
  "tags": [
    [
      "imeta",
      "url https://npub1jvxvaufrwtwj79s90n79fuxmm9pntk94rd8zwderdvqv4dcclnvs9s7yqz.blossom.band/a7d3dc4a4c69599fa5b6b738f0f33f3c43a3181575ff49f1a571d968220d5981.png",
      "ox a7d3dc4a4c69599fa5b6b738f0f33f3c43a3181575ff49f1a571d968220d5981",
      "x a7d3dc4a4c69599fa5b6b738f0f33f3c43a3181575ff49f1a571d968220d5981",
      "m image/png",
      "dim 1320x840",
      "bh LFSiaA%MX8-;~pkCbIj[D*kXofV@",
      "blurhash LFSiaA%MX8-;~pkCbIj[D*kXofV@",
      "thumb https://image.nostr.build/thumb/a7d3dc4a4c69599fa5b6b738f0f33f3c43a3181575ff49f1a571d968220d5981.png",
      "size 203126",
      "fallback https://image.nostr.build/a7d3dc4a4c69599fa5b6b738f0f33f3c43a3181575ff49f1a571d968220d5981.png",
      "thumbhash PAgCBICFiJqMeIeQaHc4X2XQdQ=="
    ]
  ],
  "content": "I wanted to verify this for some time; you can use Bitcoin difficulty alone to have a bitcoin derivative that has comparable volatility to the 200 WMA of the BTC/USD price... Except you don't need an oracle for the BTC/USD historical price, nor do you create any demand for USD specifically... It is a pure measurement of the moving average of global demand of Bitcoin for the past year, and thus it works totally independently from any fiat information.\n\nThere is also some simulation about how would a salary contract denominated in this smoothed demand currency and renegotiated once a year work for both parties. Similarly there is a simulation for how would a merchant accepting this currency then buying inventory once a month in USD fair given the monthly volatility.\n\nBitcoin price will never be stable, but the 200wma is already stable enough, this is a way to create a \"stable\" derivative of BTC that doesn't refer to any authority other than Bitcoin itself and it's onchain data.\n\nI hope you like it.\n\nNote; Rootstock has access to bitcoin headers by consensus, and has the expressivity to build a lending protocol based on this. Hopefully someone would build it.\n\nhttps://github.com/nuhvi/dbtc\n\nhttps://npub1jvxvaufrwtwj79s90n79fuxmm9pntk94rd8zwderdvqv4dcclnvs9s7yqz.blossom.band/a7d3dc4a4c69599fa5b6b738f0f33f3c43a3181575ff49f1a571d968220d5981.png",
  "sig": "87036d490b0853c1fa32e0e2b3696e2686072851aead175c68637fc27476193857395dba3cdc1fb954a5f149230420f66ee31a11218df4b544816db38c62461b"
}