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What are your long-term plans for oracles?
No real plans. Just trying out all kinds of stuff and seeing what sticks. Maybe you can even configure during market creation what kind of oracle you want to use? And then markets can compete using their oracle setting? lol
@gunson also had a nice idea here.
I consider this site to just be an experiment. I don't have any plans. I just want to build something that I and preferably also others want :)
But good question, I never looked into this whole DLC on lightning stuff much. Might be a good time now.
1830 sats \ 1 reply \ @pillar 4 Dec 2023
I would assume the coolest thing would be a choose-your-oracle protocol where there's a market for Oracle services where good Oracles grow a reputation and collect fees out of keeping honest to them.
I've thought of similar schemes to decentralize arbitration in craiglist-like protocols. You have a market for arbiters, both sides choose one for each trade, arbiter grows a reputation by being professional and earns a fee for it.
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yeah, i think going from "oracles with built-in rug pull" over "reputation based oracles" to "oracles that provable cannot lie" (if this is ever possible since we want to map events in meat space to cyber space) is the way
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