Been meaning to upgrade to Web3 by breaking my app and switching to play money
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Surely, we've had a solution to a specific case of the oracle problem for years. https://github.com/AugurProject/whitepaper/releases/download/v2.0.1/augur-whitepaper-v2.pdf …
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Or how about automatically stabilizing currencies? https://makerdao.com/en/whitepaper/ Or non-custodial collaterlized lending/borrowing? https://medium.com/compound-finance/borrowing-assets-from-compound-quick-start-guide-f5e69af4b8f4 … All of this is totally useless for sure
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Did you look at how Augur works? Their solution to the oracle problem (mostly
@Truthcoin's solution, they implemented it) works in theory and surprisingly also seems to work in practice too. We can better but just restricting ourselves to shipped stuff, they solved this problem. -
I don't believe it is even possible to make it work in theory, let alone Augur's implementation. You have to assume things like "there are never netsplits" or some centralized mechanism for resolving hard forks.
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@nanexcool do u even oracle, bro? -
I still consider the oracle problem almost unsolvable because there'll never be enough guarantees for everyone. But it's one of the coolest problems to work on!
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Cryptocurrency can provide a lifeline to people in closed economieshttps://medium.com/open-money-initiative/latin-american-bitcoin-trading-follows-the-heartbeat-of-venezuela-71a28cb86ba0 …
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So can any type of hard currency
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Hi from gitcoin. We are using crypto to fund open source software development.
http://gitcoin.co/results Thanks. Twitter will use this to make your timeline better. UndoUndo
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Chainlink solved this. Next
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