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RE: Steemit Plans To Add Oracles To SMT: What's That, Why It Matters And How It Could Work
yes, let's hope Ned is not the next Elon Musk, that guy kind of annoys me ... so will Oracles be a step back from decentralization if they are a form of
"in-place governance" or not?
They will support various niched use-cases. Like, for instance, creating a community for runners, or for Spanish language people, etc. It's a tradeoff between centralization and functionality. All in all, I consider it a good thing.
So are they kind of for exclusion/censorship? Couldn't a site like Dtube build in "Oracles" themselves by taking a cut of profits and adjusting rewards or doing some sort of censorship like I guess Steemit can with certain posts.
Whitelisting is, in itself, a form of censorship.
But, as far as I understand these Oracles, they apply only to SMT, not to Steem. So if Dtube makes a an SMT and creates some whitelist in which they are the only ones allowed to receive rewards, then they can do it using Oracles. But it will also be public so other people could see it as well, which may lead to people stopping using Dtube entirely.
Oracles may work well when you want to limit the distribution of your SMTs only to people in your own company, for instance, or only to your company customers. From that point of view, it kinda makes sense.
so kinda like shares in a company
nice, thanks