RE: Steemit Plans To Add Oracles To SMT: What's That, Why It Matters And How It Could Work
I have to confess that some months ago I became discouraged in @ned specifically, after I saw no movement towards matters we had privately discussed, and said so, all too publicly. However, after his remarks in Korea included in the presentation on oracles you are posting about, I have been haply eating crow.
I am actually in danger of becoming a fanboy (a fate I will resist), but the truth is that have long noted the degradation of society (in this case Steemit users) that stake-weighting creates, and am very encouraged that @ned and Stinc have far more interest in society as opposed to merely money.
I don't discount economics as an integral feature of society, but society is much, much more than merely an economy, and stake-weighting inevitably degrades society to that sole metric: profit. I am glad to see this fact is being carefully considered by them as are crafting this society we have become.
Thanks for your addition to our understanding of how those considerations are being effected.
Totally agree. One of DPoS greatest challenges: being just a consensus layer (validating transactions on the blockchain) or a full governance layer?
I strongly encouraged Stinc to merely verify individual status, and 'good blockchain citizen' (meaning not a scammer or the like) and leave all other oracular functions to the communities.
I hope that's what they do. @andrarchy did reply that other oracular functions will be left to communities, but the most critical and dangerous oracular function is determining 'good blockchain citizen', and the potential for abuse is clear.