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RE: Ned Scott and @theoretical of Steemit Explore Oracles on Steem
The Oracle is a paid position that is budgeted into the SMT at launch; it is an elected position, much like a Witness.
Who will be able to get a bad Oracle fired and to elect a new one? The SMT community via voting or the SMT creator?
That would be determined by stake-weighted upvote of the SMT. But SMT creators will be able to allocate SMTs to themselves at launch which would enable them to exercise more (or less) control over who is the Oracle.
These answers are great, and really clearing things up, thanks.
So I create an Oracle, 'Accounts older than 12 months', and I'm chosen as the most reliable Oracle by 10 different SMTs which all want to reward longevity, and use my list to narrow down their potential recipients.
Am I then rewarded with all 10 SMTs, at the rate selected when each SMT was launched, as long as the hodlers of each of those SMTs continue choosing me as their 'at least 12 months old' Oracle?