Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by danbruc on Monday July 05, 2021 @06:18AM
(#27736300)
I think they are similar but not identical problems. For things like some stock price I can see how you could have several competing oracles that can build trust over time, but if you want to monitor and report the amount of solar energy I am producing for mining I can not see how this could work. Especially not if you want to preserve anonymity which kind of rules out that miners crosscheck each other by placing their own sensors.
The proposed solutions are in the same vein as security in base layer consensus mechanism: create an economic incentive to be accurate over time. Make sensors/sensor data compete to be designated as roots and gain some sort of revenue. Reputation is hard to build, but easy to destroy.