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$100k seems laughably low, when you consider that it buys less than 4 months of dev time (assuming a $200/hr consulting rate).
OK, 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…
This 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.
not 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?
$100k seems laughably low, when you consider that it buys less than 4 months of dev time (assuming a $200/hr consulting rate).
Technically it says "We'll invest $100k in the best entrant if you end up starting a company". I guess not bad if you're already working on this?
How can you monetize this? The whole point is that the data is public for everyone to see?
This 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.
Does something already exist that allows person from country A to find out in which country B their home currency goes the furthest? Sort of a combination of bundle of goods and exchange rate? I've thought it something that could be plugged into a charity finder.
Earlier quoted context omitted.
What's preventing people from making up the prices?
you can have them submit it by taking a photo of the price, or even by taking a photo of their receipt after they check out. you can run sanity checks to clean the data, for example, if someone says eggs cost 50 bucks, throw away their submission, etc.
Sounds like it'll be cheaper to buy the data off one of those receipt scanning apps. Better reach, and you don't need to make your own data acquisition/validation pipeline.