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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:
Explanation of Oracles in Crypto: https://blockonomi.com/oracles-guide/
Jimmy Song’s Pessimistic view on smart contracts: https://medium.com/@jimmysong/the-truth-about-smart-contracts-ae825271811f
If you want to dive deep into the history of smart contracts, check out the blog from the man who first had the idea: Nick Szabo and his blog: Unenumerated: https://unenumerated.blogspot.com/
Deterministic definition: https://en.wikipedia.org/wiki/Deterministic_system
Smart contracts: https://www.youtube.com/watch?v=ZE2HxTmxfrI
Smart contracts and Ethereum: https://www.youtube.com/watch?v=mZaxOhzS4EQ
Please adding subtitles
When you said "issues sprout" I was looking for sprout as a block chain program lol.
I’m impressed, you go over a lot of material! I’m still trying to learn more about CloudChains and their lite multi wallet, but I’m not having any success yet, seems like it’s a new project. There is so much to learn in this space. It feels a bit overwhelming at times. That’s why I’m focusing on one project to try and break down the information into more manageable pieces. It’s great to hear your perspective on things, gets me thinking about the broader ecosystem that my project is apart of. On an unrelated note… good’ay mate… lets put another shrimp on the barbay(Australian for BBQ)?
Thanks for being you, this is brilliant. Accepting my nerdiness as of late as a good thing. Strange how nerd gets a negative rap in general.
Finally, oracles 😀 thanks for this!
What a mind-reader, you get a total thumbs up as this is exactly the information I was needing about smart contracts!
The reason these prediction platforms will fail is for the same reasons a true democracies fail. 1. Consensus is not always true. 2. What if a consensus isn't concluded(tie). 3. Do you have any idea how easy it is to manipulate a consensus(voter fraud)?
great! thanks!
Thank You !!! (need to watch the first 2 minutes more than once , I guess) lol
Peerplays has created decentralized oracles.. the system is called BOS .. Bookie Oracle System. It is the only decentralized current sports betting exchange in the world… others all have operators or someone hiding behind a curtain supplying the results.
<3
Last few month chainlink has already experienced the pump. I think it will come down and when it is return to level of 8-10k satoshi, then long term investor could return.
awesome explanation!
????☄️??☀️
Veritaseum!!
Way way neat information about Oracles. It is good that things are established by the actual people. vs coming from a 3rd party. Always good to have that confidence at all times. Again thanks for sharing and great video. Sincerely JR
Do you have any Augur or Link Heidi?
Excellent overview.
Oracles affect inputs, which affects output.
Input in = output out
Seventh !!!
smash like buton
haha I used to have that song as my ring tone when custom ring tones were cool.