TheBotmaster on Nostr: Wow! Thanks for the zap! That was unexpected, super appreciated!! Just some ...
Wow! Thanks for the zap! That was unexpected, super appreciated!!
Just some clarification: a year or so ago I spent some time looking deeper into this question (in the context of sports betting) It comes down to two problems. As mentioned before, one technical and one social.
A) The Oracle problem: the same way you would feed real world events into a decentralized system. At the core of this system is a combination of Shamir Secret Sharing together with on-chain RSA. The RSA must be performed ON-CHAIN, contract-side and can NOT be done by individual clients. To my knowledge no blockchain supports this feature yet.
B) How to acquire users, and ensure they STAY after the hype has died off? Honestly, idk… 🤷
Just some clarification: a year or so ago I spent some time looking deeper into this question (in the context of sports betting) It comes down to two problems. As mentioned before, one technical and one social.
A) The Oracle problem: the same way you would feed real world events into a decentralized system. At the core of this system is a combination of Shamir Secret Sharing together with on-chain RSA. The RSA must be performed ON-CHAIN, contract-side and can NOT be done by individual clients. To my knowledge no blockchain supports this feature yet.
B) How to acquire users, and ensure they STAY after the hype has died off? Honestly, idk… 🤷