alt Hacker NewsThat's infamously known as the "Oracle Problem".
Blockchain can't handle external state.
Smart contracts abstract it a bit by having a trusted third party or an automated pricing mechanism, but both are fragile.
That's infamously known as the "Oracle Problem".
Blockchain can't handle external state.
Smart contracts abstract it a bit by having a trusted third party or an automated pricing mechanism, but both are fragile.
It's funny that it just re-invented stuff already used for old world finances, and just invented escrow with more moving parts while still requiring non-compromised 3rd party.