I haven't been able to conceptualize a mechanism that incentivises honesty, so the oracle problem really just boils down to a web-of-trust/reputation scheme.
The critical problem is more so that there needs to be some agent receiving bets (as Bitcoin/Lightning transactions) and that same agent redistributes rewards. If there is no centralized agent, then it could be conceptualized as a decentralized p2p betting market, but then there is no forecasting benefit that a prediction market provides, it's just people placing/taking bets at whatever odds they are comfortable with.
BitcoinAlchemist / James Pierog
npub1u8…xjcky
2024-11-14 21:48:55
in reply to nevent1q…t2g2
Author Public Key
npub1u8r69esh5r7jt29nj9ufmz4yvuwp6cwl5xqp4e3d46vl8wla5smsexjckySeen on
wss://nostr.momPublished at
2024-11-14 21:48:55Event JSON
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