Re:Ask HN: Why are privacy coins like Monero not seeing wide...
by openfuture on Tuesday July 26, 2022 @12:42PM
(#32240641)
The oracle problem rears its ugly head once more.
It's not a /nice/ DEX but amoveo exists, almost no liquidity but in theory it works.
It's not hopeless but it is important to understand how impactful solving the oracle problem would be. The implications are IMMENSE. Literally obviates the need for governance.
So idk, monero is too small (in some sense) to really be useful and the oracle problem is too big (in some sense) for a solution to it to be "one of many" - it'll transform everything and it can't happen unless people make it happen.
It's not a /nice/ DEX but amoveo exists, almost no liquidity but in theory it works.
It's not hopeless but it is important to understand how impactful solving the oracle problem would be. The implications are IMMENSE. Literally obviates the need for governance.
So idk, monero is too small (in some sense) to really be useful and the oracle problem is too big (in some sense) for a solution to it to be "one of many" - it'll transform everything and it can't happen unless people make it happen.