Smart contracts are very interesting but only viable for blockchain assets. Their most interesting use-case is trustless casino games and prediction markets. They're never going to be used for real-life agreements. Most of real-life is centralized. A decentralized system is only as decentralized as its weakest (most centralized) link. Sure, you might be able to use oracles to relay the winner of the super bowl or the winner of a national election but you're not going to be able to accurately measure whether business A is holding up its end of the deal to business B or person X is holding up his rental agreement to person Y.
The oracle problem is overblown. If you want data from the outside world just query some APIs and take the average response. It will be good enough for 99% of use cases. Code vulnerabilities will be almost nonexistent once the formal verification tools for Ethereum get improved.
Hudson King
Smart contracts are very interesting but only viable for blockchain assets. Their most interesting use-case is trustless casino games and prediction markets. They're never going to be used for real-life agreements. Most of real-life is centralized. A decentralized system is only as decentralized as its weakest (most centralized) link. Sure, you might be able to use oracles to relay the winner of the super bowl or the winner of a national election but you're not going to be able to accurately measure whether business A is holding up its end of the deal to business B or person X is holding up his rental agreement to person Y.
The oracle problem is overblown. If you want data from the outside world just query some APIs and take the average response. It will be good enough for 99% of use cases. Code vulnerabilities will be almost nonexistent once the formal verification tools for Ethereum get improved.
Kevin Nguyen
at this point Veeky Forums should be renamed /linkshill/
Daniel Powell
i think Veeky Forums should be renamed /s/ enough with the pornposting already
Cooper Russell
My vinyl stickers disagree.
Check'em.
Nicholas Robinson
linkposting and brapposting should be lifetime bans.
Jordan Richardson
oracles are creepy and weird
Lincoln Sanders
>porn its a nice vista with a smiling girl, is there a problem?
btw for link holders - what do you think of all the cl shilling? I mean there is a difference between discussing its technicals and overt shilling which is why I chose to ask here
