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Same here but I had a much more cynical view of the oracle issue that it is by design aimed at eventual and total financial destruction of most participants. Th

Same here but I had a much more cynical view of the oracle issue that it is by design aimed at eventual and total financial destruction of most participants. This cynicism were fueled further by the ideology that justified this for some great adoption that was promised even further back. You can have decentralized systems but because monetary wealth accumulation is centralized by nature, and any decentralized system that introduces monetary accumulation and inflation reverts to a centralized state. A good example of this is Bitcoin. Those with the most liquid currency (fiat) can buy more hardware that centralizes wealth. You simply cannot have an MLM scheme without a pyramid.

cinntaile 4y ago
> it is by design aimed at eventual and total financial destruction of most participants. Your entire post is about inevitable centralization but that is not the oracle problem. The oracle problem is about providing access to real life data on the blockchain, but the issue is that you still need to trust someone to provide that data. Maybe I am misunderstanding you but I don't get how that by design leads to the total financial destruction of most participants?
- MrMan 4y ago
  in my opinion oracle problem necessitates more middlemen to act as data / truth providers and of course they will have to be paid, and will impose an information bottleneck which they will leverage. this is centralization to me.