kaal:claim:4529715-023

Blockchains cannot access off-chain data, and resolving this by using centralized oracles nullifies the advantages of decentralized systems while creating major security risks such as bribing and intimidation.

Source quote, verbatim

There is something known as the oracle problem, which is the fact that blockchains themselves can't access off-chain data. Using centralized oracles nullifies the advantages of decentralized systems, and are major security risks (such as bribing, intimidation, etc.)

From

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Oracle DAOs, p. 70
https://ssrn.com/abstract=4529715 · source PDF

Cite as

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715

Holds when

oracle dependent smart contracts

Classification

failuresupport: arguedfailure: centralized-oracle-defeatfamily: oracle-and-input-corruptionsmart-contractsdecentralizationconsensus-and-securityrisk-and-incentives

Related claims

contests kaal:claim:3782217-015 Until decentralized oracle protocols are secure and robustly enacted, projects should rely on centralized orac...

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