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This looks like it's supposed to be a Bitcoin-like system that sends newly-printed crypto-tokens to users who exercise. How does the blockchain know who exerci
by csense 6y ago
This looks like it's supposed to be a Bitcoin-like system that sends newly-printed crypto-tokens to users who exercise.
How does the blockchain know who exercised? The user's FatBat device tells a server that the user exercised. The server tells the blockchain who the newly printed tokens go to.
There are some big trust problems:
- Trust the user not to attach their FatBat to a drill to trick its sensors into thinking the user's exercising.
- Trust the user not to hack the FatBat device (physically controlled by the user) so the device lies about how much the user exercises.
- Trust the communication channel between the server and the FatBat can't be proxied or intercepted.
- Trust the server doesn't lie to the money-printing part of the blockchain about who exercised, or how much they exercised.