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> You have to take the use case of the smart-contract / app and see what is the incentive to pollute input data. Then you can use mechanism design to motivates
by crassblaster 8y ago
> You have to take the use case of the smart-contract / app and see what is the incentive to pollute input data. Then you can use mechanism design to motivates users to input high quality data and have trustless curated list of the best data sources.
You have literally just described a very shit version of Chainlink.
Let me elaborate. Chainlink will make any API feed availible to trigger a smart contract. The problem is not trusting the API, its trusting the data returned from the API/Data source has not been tampered with before it triggers a smart contract.
- decentralised 8y agoI'm familiar with Chainlink, it's really good! I think my description might failed to capture how interesting I find TCRs and cryptoeconomics in general but I obviously disagree with you here. Are you familiar with Town Crier? It offers a solution to the trusted data source problem you mention: http://www.town-crier.org/what-is-tc.html http://www.town-crier.org/what-is-tc.html
- crassblaster 8y agoChainlink is offering Town Crier/SGX for offchain computation also. This means all the complicated smart contract code can now be ran off chain and save on ETH gas costs... and take computation load off ETH. Checkout Sergey Talking about it a few days ago. https://youtu.be/G5TQzHIFV-A?t=930 https://youtu.be/G5TQzHIFV-A?t=930
- decentralised 8y agoI didn't know that, thank you!