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This is called the oracle problem. The proposed solutions are in the same vein as security in base layer consensus mechanism: create an economic incentive to b
by meowkit 5y ago
This is called the oracle problem.
The proposed solutions are in the same vein as security in base layer consensus mechanism: create an economic incentive to be accurate over time. Make sensors/sensor data compete to be designated as roots and gain some sort of revenue. Reputation is hard to build, but easy to destroy.
- danbruc 5y agoI think they are similar but not identical problems. For things like some stock price I can see how you could have several competing oracles that can build trust over time, but if you want to monitor and report the amount of solar energy I am producing for mining I can not see how this could work. Especially not if you want to preserve anonymity which kind of rules out that miners crosscheck each other by placing their own sensors.