Re:Launch HN: Hedgehog (YC S21) – Cryptocurrency Portfolio M...
by ganzuul on Saturday June 19, 2021 @03:39AM
(#27558597)
> So you're back to an oracle problem, how do I know I can trust the validator?
With DLT it seems trust and predictability is virtually the same thing. "Everybody loses everything" is predictable but not efficient. DLT is a proposal for efficiency.
We need to automatically negotiate contracts or we shift all the cost of fixing it later in courts up front. There will have to be a lot of smart defaults for the contracts to be smart, and very deep integration of tech so that the algorithms can be fed with enough data to negotiate in a very high-dimensional space. That requires infrastructure, but the DeFi culture does not seem to be interested in funding infrastructure.
With DLT it seems trust and predictability is virtually the same thing. "Everybody loses everything" is predictable but not efficient. DLT is a proposal for efficiency.
We need to automatically negotiate contracts or we shift all the cost of fixing it later in courts up front. There will have to be a lot of smart defaults for the contracts to be smart, and very deep integration of tech so that the algorithms can be fed with enough data to negotiate in a very high-dimensional space. That requires infrastructure, but the DeFi culture does not seem to be interested in funding infrastructure.