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General Discussion / Re: Profits, Performance, Trust & Efficiency
« on: March 29, 2014, 08:09:10 pm »I like your idea but think there should 100% be a small but meaningful reward for successfully doing the job whose payment should be delayed by a decent period of time, say a week or a month that would allow any betrayal of trust to involve much of the vested time going unpaid.
It would encourage those who want to scam the network to just do it immediately because they're not going to be paid for most of the good work performed once the betrayal is discovered.
In other words, fail fast.
True decentralization isn't necessary for everything, the important part is to prevent to monopoly of what is "correct". So whether you do a random lottery or whatever, it should be attractive to the average user because lacking the average user you'll have only specialists and bad guys populating your trusted oracle system, and those aren't good odds.
So is the new ETA TBD?
I agree, a balance needs to be struck between decentralization, security, usability, utility and adoption, with a lowest common denominator approach.
Regarding this "trustee" role/function how does this really increase the risk of scrutiny from regulators? This game or experiment and its exchange j of virtual tokens will not change fundamentally, or am missing something?