While trusted oracles unlock great possibilities for blockchains/smart contracts they also introduce massive failure modes. Tread carefully.
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That's true but I'd still be quite concerned about data feeds from traditional sources. Endpoints could be hacked & disrupt the whole system
Good traditional services have very long histories you can look at to see what kinds of threats actually do or do not materialize.
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Absolutely. That said, new consequences of altering feeds are emerging. This stablecoin proposal comes to mind: http://www.nadertheory.com/#!/main/articles/post-12-treasurycoin-white-paper ….
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However when used in high value smart contracts the threat model can change even when the source stays the same.
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True, but keep in mind they are already successfully used in billion-dollar-per-month applications such as swaps and CFDs.
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Yes, but isn't much of the relevant state reversible within a given time frame?
End of conversation
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Traditional services (Ie sports, news, weather sources) didn't have as much riding on them being accurate the first time. Threats will inc+
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They often have billions of dollars riding on them every day. Humans didn't arrive on this planet just yesterday.
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Just so you know, humans may not have arrived yesterday, but they still make mistakes..... http://www.espn.com/espn/corrections … ... SMH
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None of those are sports score errors. It happens, but for important scores with good feeds it's rare enough to be manageable.
End of conversation
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