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I'm sure @justin_shocknet and @DarthCoin will now tell me how misguided

On the contrary, this mostly aligns with what I've said Ark is. A centralized application / closed network. Its perfectly suitable for users trading shitcoins with each other, like prediction contracts.

... But it seems like you're not planning that, rather user-to-maker

Where it gets fuzzy is the other stuff.

Is it self-custodial? In most cases, no.

Will it keep the state off your back for running an unlicensed casino? Probably no

So is using tap leaves better than a regular database? No

Can it power a prediction market? Probably yes, but your goals for that market need to reconsider where it adds value and where it doesn't. I'm not seeing where it does as stated.

If I were architecting it, I'd probably keep your role as an oracle for the DLCs, taking a fee on that, and let an existing Ark operator eat the shit from the state whilst participants trade contracts p2p. A pay-to-post orderbook might work too.

role as an oracle for the DLCs, taking a fee on that

How would that work? You mean a fee for attestations? Oracles are meant to be oblivious for DLCs, so I'm not sure how they could take a fee.

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23 sats \ 0 replies \ @justin_shocknet 26 Aug -21.1k sats

A fee for the decryption key of the attestation, Oracle doesn't have to be part of the contract directly or know the parties, just hold the secret it commits to... The payment and delivery for that can be by any means out of band