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Yes, the value of blockchains is in their 'trustlessness', however the moment you need to retrieve data from outside of the blockchain, you have to trust it. In
by joosters 9y ago
Yes, the value of blockchains is in their 'trustlessness', however the moment you need to retrieve data from outside of the blockchain, you have to trust it. In which case, there's no point in using the blockchain at all.
- Obi_Juan_Kenobi 9y agoOh nonsense, it's not all or nothing. There could be value in: * Making the trust-liability explicit * Building a trust-less core system that can swap out 'trustful' sources of data as needed * Streamlining the processing and accounting of something that depends on a 'trustful' source of data Not to mention that trust-less data is potentially achievable with prediction markets. This is obviously not a trivial innovation, and they may not be practical, but writing off the whole system is unfounded at this point.