Who Really Sets Bitcoin’s Price? | Ep. 60 — #60 Steve

In this episode we chat with Steve, the creator of the UTX Oracle, the first tool that lets Bitcoin set its own price without needing to trust exchanges, APIs, or third parties. Steve breaks down how UTX Oracle was built, why trusting exchanges goes against Bitcoin’s ethos, and how anyone can now verify Bitcoin’s real exchange rate directly from the blockchain. No intermediaries. No assumptions. Just pure Bitcoin truth. We cover: ✅ How Bitcoin's price was traditionally set (and why it’s flawed) ✅ How the UTX Oracle lets Bitcoin price itself ✅ Why decentralized price discovery is critical for Bitcoin’s future ✅ How you can run your own UTX Oracle node at home ✅ The surprising things Steve learned while building it Chapters 00:00 Welcome to Sat Chats: Bitcoin Basics 06:11 How a Skeptic Became a Bitcoiner (Steve's Journey) 11:49 Why Bitcoin Can’t Be Copied + Who Keeps It Running 23:48 Bitcoin’s Future: How Transactions and Community Are Evolving 43:07 Simple Steve’s Story: Building the UTX Oracle 01:01:48 What’s Next for Bitcoin (And Why It’s Just Getting Started) Will Steve grab the $50 in Bitcoin—or will there be a surprise twist when it's time to choose? Want to win one million sats? Subscribe to our YouTube channel. Once we reach 999+1 YouTube subscribers, we'll select at random one of our subscribed Satillionaires and drop a million sats on his head. We'll also unlock a live show Friday mornings at 10a EST. Full giveaway details here: https://satchats.com/contest-rules Support Sat Chats directly by: — Zapping Lightning to [email protected] — Grabbing your slot in the studio today at https://satchats.com/ — Sending Bitcoin to bq1q5yrwe6qxujzumg5j28g0rvckx9n859sa08fupc