Yeah, so I read the white paper -- fairly closely at first, but as I got bogged down in the details of 'first public reporter' and the formula for the size of t

Yeah, so I read the white paper -- fairly closely at first, but as I got bogged down in the details of 'first public reporter' and the formula for the size of the 'dispute bond' and disputes etc., it became very clear that despite all of the thought and hard work that went into this, that the link between the real world and the reported outcome is reliant on trust and community norms. And the more one thinks about it the more obvious it becomes. Two ways to think about it: 1) The initial market is betting on an outcome -- how is that different from the dispute resolution phase, which can also be reduced to betting on an outcome. 2) Imagine a purely imaginary event -- and read the whitepaper with that in mind. All of the the processes set up still function perfectly -- as designed. In fact there is no need of a real event. So if there is no need for a real event, why is there an impetus to report a real outcome even if there is a real event. That isn't to say it can't work, but if it does it will be through trust and community norms, not Ethereum.