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> This paragraph perfectly encapsulates everything wrong with the way promoters sell Ethereum... That information comes from "oracles", or what the article call
by solumos 4y ago
> This paragraph perfectly encapsulates everything wrong with the way promoters sell Ethereum... That information comes from "oracles", or what the article calls "validators".
Validators and Oracles are two different things entirely. That factual error aside, this is like saying that the US Federal Reserve is a weak system because Lehman Brothers and the MBS market failed.
Regardless, The Oracle Problem is already incredibly obvious and well-documented[0][1][2][3].
[0] - https://blog.chain.link/what-is-the-blockchain-oracle-problem/ https://blog.chain.link/what-is-the-blockchain-oracle-proble...
[1] - https://encyclopedia.pub/entry/2959 https://encyclopedia.pub/entry/2959
[2] - https://cointelegraph.com/magazine/2021/12/30/can-blockchain-solve-its-oracle-problem https://cointelegraph.com/magazine/2021/12/30/can-blockchain...
[3] - https://www.proquest.com/docview/2524524192 https://www.proquest.com/docview/2524524192
- hnthrow1010 4y ago>The Oracle Problem is already incredibly obvious It apparently was not obvious enough to the multiple crypto companies I've seen both simultaneously making promises about "decentralization", while hyping up the security guarantees of trying to track physical assets on a blockchain. And no doubt by using their centralized service. Or, maybe they were just being dishonest.