5 ms·
There is not a trusted oracle
by ntomaino 10y ago
There is not a trusted oracle
- modeless 10y ago"Oracles are trusted external actors tasked with providing continuous price data" https://github.com/makerdao/docs/blob/master/Dai.md https://github.com/makerdao/docs/blob/master/Dai.md
- csomar 10y agoHow can this work if there is no Oracle? Think about it, the price of USD/ETH has to be retrieved from somewhere. It's not in the blockchain, so it must provided in an Oracle.
- ntomaino 10y agoThere is not one trusted oracle. The oracles are determined by the MKR holders, and MKR holders can easily replace oracles if they act badly. MKR ownership is decentralized, hence I don't think it's accurate to say there's one trusted oracle.
- kobeya 10y agoPrediction networks. But I don't think TFA is actually doing what is claimed, by the looks of it.