📅 Original date posted:2014-04-25
📝 Original message:It is also useful for betting: an oracle will associate a hash with each
possible outcome, and when outcome is know, it will reveal a corresponding
preimage which will unlock the transaction.
This approach has several advantages over approach with multi-sig script:
1. oracle doesn't need to be involved in each specific transaction
2. resolution is same for everyone who makes a bet on a specific event
outcome
3. no need for two-way communication
4. no need for a special protocol: oracle might publish unlocking preimage
on a web page, and participants will manually enter it into their clients
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Alex Mizrahi [ARCHIVE] /
npub1sw…pul5t
2023-06-07 15:20:12
in reply to nevent1q…5dmj
Author Public Key
npub1swfeusu3ua9trup00qcnrgc2yndksyvgku4epk5tec7u4fmrez6qxpul5tPublished at
2023-06-07 15:20:12Event JSON
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"pubkey": "83939e4391e74ab1f02f783131a30a24db681188b72b90da8bce3dcaa763c8b4",
"created_at": 1686151212,
"kind": 1,
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"content": "📅 Original date posted:2014-04-25\n📝 Original message:It is also useful for betting: an oracle will associate a hash with each\npossible outcome, and when outcome is know, it will reveal a corresponding\npreimage which will unlock the transaction.\n\nThis approach has several advantages over approach with multi-sig script:\n1. oracle doesn't need to be involved in each specific transaction\n2. resolution is same for everyone who makes a bet on a specific event\noutcome\n3. no need for two-way communication\n4. no need for a special protocol: oracle might publish unlocking preimage\non a web page, and participants will manually enter it into their clients\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140425/d8b04816/attachment.html\u003e",
"sig": "52c592dae4cd4a856738da1a64c5d1f7206983f0b750fe7dc1c0fb0661a2df7174014b6651c7ecaa79fd36258146bd516f42a6286da1cabbdc695feb5dc604ae"
}