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Is the centralization of an oracle actually useful? I wonder if people curated lists of "public goods donation addresses" and then hosted something like a lead
by cwkoss 5y ago
Is the centralization of an oracle actually useful?
I wonder if people curated lists of "public goods donation addresses" and then hosted something like a leaderboard of people who donated most to any/all public goods addresses, so people or companies could be recognized with social clout (if they want) for giving back. Automatically make a page for me that shows who I've donated to a when. Would that accomplish the same goals as much or better?
(I wonder if there is an opportunity for a tax exempt NGO middleman org(s) to validate 'public good" status and make donations that flow through deductible?)
Like, if I could read an article about someone who did something societally beneficial that probably wont 'pay off' and it was easy to donate $20 to them, I might do it sometimes. Sending $20 to an oracle fund trusting they'll allocate it wisely feels weird to me - I'd need to see a long record of smart allocations to trust them.
- vbuterin 5y agoThe oracle is not monolithic for information-optimization reasons. Rather, it's monolithic because there's a single project that has funds that it's willing to give out in retroactive grants, and so _some_ mechanism must decide where those funds go. (This is perhaps what's not clear to readers from outside the crypto space: all of these discussions are assuming that this is being implemented by some project that has network effects and can extract fees that are necessary anyway for congestion-control reasons, where the only remaining question is where those funds go)
- cwkoss 5y agoI see, if these funds aren't soliciting donations from the public, my concerns are mostly irrelevant. (Though could be a cool parallel project, I'll ponder this a bit more.) thanks for the reply (and for developing eth! ;-)