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RE: Ned Scott and @theoretical of Steemit Explore Oracles on Steem
The individuality Oracle + SMT idea is super cool. I wonder how much decentralization we need to sacrifice with the Oracle though.
The individuality Oracle + SMT idea is super cool. I wonder how much decentralization we need to sacrifice with the Oracle though.
An SMT creator can choose to make their implementation as centralized or decentralized as they (and their users) like. We provide tools that empower entrepreneurs to create an infinite variety of applications which can then compete with one another on the open market. Steem is decentralized, but that doesn't mean that applications built on Steem also need to be decentralized. Value can be found in both decentralized and centralized applications. What matters is not whether something is decentralized, but whether it is good.
Great answer.
Thanks!