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by ganzuul 1827 days ago
> So you're back to an oracle problem, how do I know I can trust the validator?

With DLT it seems trust and predictability is virtually the same thing. "Everybody loses everything" is predictable but not efficient. DLT is a proposal for efficiency.

We need to automatically negotiate contracts or we shift all the cost of fixing it later in courts up front. There will have to be a lot of smart defaults for the contracts to be smart, and very deep integration of tech so that the algorithms can be fed with enough data to negotiate in a very high-dimensional space. That requires infrastructure, but the DeFi culture does not seem to be interested in funding infrastructure.