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Seems like the difficult part would be for the contract to determine a definitive outcome. Is the wager a true/false Boolean? Can you get the answer from some 3
by leesalminen 6y ago
Seems like the difficult part would be for the contract to determine a definitive outcome. Is the wager a true/false Boolean? Can you get the answer from some 3rd party API?
- listenallyall 6y agoYes it is a true/false. No there isn't an API, however the bettors could probably agree upon a set of verifiable websites, the result would be true if one of those sites confirmed it.
- verdverm 6y agoone would think a consensus amongst several verifiers would be more appropriate, given this is a blockchain solution after all
- listenallyall 6y agoseveral verifiers, great! just seems that at some point, the admin costs of involving multiple verifiers would outweigh the cost savings compared to a basic escrow service.
- verdverm 6y agoBasic escrow will have a much better user experience and case law, should one need to decide in court or arbitration.
- leesalminen 6y agoCheck out the concept of Oracles in a smart contract https://fravoll.github.io/solidity-patterns/oracle.html https://fravoll.github.io/solidity-patterns/oracle.html
- listenallyall 6y agoThanks. I guess that given so much hype about blockchain (especially ETH) and ability to create smart contracts, there would be a startup (or many) that was already all set up and ready to go for something like this. I know there's already blockchain-based sports betting, this isn't much different.