4 ms·
To avoid the oracle problem you are forced to pre-fund you side of the contract with 'real' digital currency. But the financial system moves forward borrowing f
by machawinka 7y ago
To avoid the oracle problem you are forced to pre-fund you side of the contract with 'real' digital currency. But the financial system moves forward borrowing from the future and creating private money, neither of which is posible if you are forced to show upfront that you have the money to serve your financial obligations. Capitalism is not based on math, it is based on human trust, take that variable out and we are back into a pre-capitalist system, a medieval era.