"Oracles are the new Mining"

File: 489 KB, 1500x1071, Patrick Murck.jpg [View same] [iqdb] [saucenao] [google]

"Oracles are the new Mining" Anonymous Sat Dec 15 21:23:53 2018 No.12132040 [Reply] [Original]

Lets check this article from August last year, it kinda went down the memory hole for some reason but there is some juicy information in there that has not been talked about here before:

>https://www.americanbanker.com/news/the-race-to-connect-smart-contracts-to-the-real-world
(citing the growth of its web edition.[7] AmericanBanker.com receives more than 1 million page views per month)

now the interesting part about the article is that bit here:
>"Oracles are the new miners in the blockchain world," Patrick Murck, special counsel at the New York law firm Cooley, recalls saying at a conference last year. "And I still believe that's true."

Now who is Patrick Murck you might ask.
>https://www.linkedin.com/in/patrickmurck
he is a lawyer that was really early on advocating for bitcoin and this Cooley he is working for is a really big law firm:
>https://en.wikipedia.org/wiki/Cooley_LLP
...that is also involved in the accord project (chainlink contributes to this project):
>https://www.accordproject.org/

>"...recalls saying at a conference last year."
so I digged around and the conference they talk about is Consensus 2016 and here this is what he said:

https://youtu.be/FsNQEQ5VSZc?t=1943

(it starts at 32:23, Murck is the guy in the middle)

>"so everybody who missed out on mining Bitcoin, Oracles are the new miners, like oracles is the new mining, thats actually going to be one of the easiest to attain like value add services in this whole ecosystem"
>"...its a huge business opportunity"

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance