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/biz/ - Business & Finance

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13019246 No.13019246[DELETED]  [Reply] [Original]

Hey guys. I think I've started to realize that:
>A. Oracles are not real, you can't reliably put automate real world data on to the blockchain in a trustless manner
>B. The fact that you can't automate real world data on blockchain in a trustless manner means that fulfilling smart contracts with real world data is pointless
>C. The "solution" that is proposed is weighted node voting. This is massively flawed since it only allows for "popular" answers rather than "true" answers.

What do I do? There's this erc20 token I see on this board all the time and there's a lot of people that have been fooled with buzzwords like "oracle" and "singularity". I feel bad for them.