A $100k Prize for a Decentralized Inflation Dashboard
1–10 of 121 posts
Re: A $100k Prize for a Decentralized Inflation Dashboard
#2OK, blockchain fans, I’m genuinely confused as usual… Can someone explain what the point is of collecting price data and then putting it on the chain with a smart contract to do calculations on it? If “censorship” is a problem, why not just broadcast/mirror the signed data? If the calculation is untrusted, why not just publish the source code and let people run it on the published data? What is the blockchain accomplishing here?
Re: A $100k Prize for a Decentralized Inflation Dashboard
#3This was neat until it asked you to put the data on the blockchain. Might as well be asking to distribute the network packets over pigeons. What a totally orthogonal, shoehorned objective.
Re: A $100k Prize for a Decentralized Inflation Dashboard
#4OK, blockchain fans, I’m genuinely confused as usual… Can someone explain what the point is of collecting price data and then putting it on the chain with a smart contract to do calculations on it? If “censorship” is a problem, why not just broadcast/mirror the signed data? If the calculation is untrusted, why not just publish the source code and let people run it on the published data? What is the blockchain accompl…
Probably so it can tie in with some smart contract that's based off the CPI (eg. Treasury Inflation-Protected Securities). As for why that's useful, I'm not sure. At the end you'll still need a trusted oracle for the scraped prices.
Re: A $100k Prize for a Decentralized Inflation Dashboard
#5not a bad idea, but the way to do it is probably to come up with a certain basket and then actually have people physically go into stores and record prices in those stores and then reward them with a crypto token for contributing ( kinda like the mystery shopper industry ).
Re: A $100k Prize for a Decentralized Inflation Dashboard
#6[deleted]
Re: A $100k Prize for a Decentralized Inflation Dashboard
#7$100k seems laughably low, when you consider that it buys less than 4 months of dev time (assuming a $200/hr consulting rate).
Re: A $100k Prize for a Decentralized Inflation Dashboard
#8not a bad idea, but the way to do it is probably to come up with a certain basket and then actually have people physically go into stores and record prices in those stores and then reward them with a crypto token for contributing ( kinda like the mystery shopper industry ).
What's preventing people from making up the prices?
Re: A $100k Prize for a Decentralized Inflation Dashboard
#91. What is the point of the blockchain here?
2. This seems worth way more than 100k & they just want multiple teams working on it (competing), so they can then invest 100k in a company? This seems incredibly underfunded.
Re: A $100k Prize for a Decentralized Inflation Dashboard
#10OK, blockchain fans, I’m genuinely confused as usual… Can someone explain what the point is of collecting price data and then putting it on the chain with a smart contract to do calculations on it? If “censorship” is a problem, why not just broadcast/mirror the signed data? If the calculation is untrusted, why not just publish the source code and let people run it on the published data? What is the blockchain accompl…
These are people who think the government wants to censor their prices database... so not exactly geniuses.