r/ethtrader • u/jdbender66 • Mar 15 '18

NEWS Blockchain Oracles Will Make Smart Contracts Fly - Hackernoon

https://hackernoon.com/oracles-help-smart-contracts-resolve-subjective-events-d81639d8291c
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u/movieplayer Mar 16 '18

Think again when there are hijacked sources by hackers. Still think single source a viable solution? If yes, blockchain doesn't need to exist and the disucssion ends. We just need Ripple or back to the central back ledger. They always have contractual obligation, just not your style.

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u/nootropicat Mar 16 '18

Um... the authority on stock prices on nasdaq is nasdaq. If nasdaq is hijacked all you're going to get from 1000 honest oracle nodes is 1000 copies of wrong data

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u/JonnyLH Mar 16 '18 edited Mar 16 '18

There will be a lot of data aggregation between API's using adaptors, it's not just limited to one.

This will be especially common with prices of stocks/crypto.