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by spopejoy
3275 days ago
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Do you think this really belongs on a blockchain, as a transactional environment? There's a notion that things like greeks and other non-linear inputs are best fed as inputs/oracles, for a number of reasons: 1) avoiding stochastic stuff on-chain 2) assurance, so you know what your inputs were later 3) impracticality of all that computation on-chain 4) dependence on market data. Of course there are simple things like imputing an option price from the stock with just delta and gamma, but a fixed-point decimal here wouldn't really hurt you; basic calculations like payment schedules would seem to benefit from fixed-point. But mainly, blockchains would seem to represent transactions and workflows primarily; analytics seem ill-suited for the high-assurance, database-write-heavy environment. |
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I pass no judgement on what belongs on Ethereum. I know from their website that they advertise it as a platform for general app programming and even implementing entire autonomous businesses. It clearly cannot support these things.