Earlier quoted context omitted.
Smart contracts seem legitimately useful. Am I missing something here?
can you give some examples of them being legitimately useful and advantageous compared to the existing financial infrastructure? haven’t seen anything where it’s actually needed or better. and basically all examples end up with some sort of trust needed at some point. such as gambling on the outcome of a sports game. it would still require a dependency on some sort of Api to provide the sports results and then you’re…
You are thinking way too extreme. An API is still a hell of a lot better than a sketchy bookie. I would trust the former and not the latter. Which helps break up the centralization of betting because it is much easier to establish trust in a 3rd party source of truth than it is to establish trust in someone being financially responsible / honorable.
Will it improve the established market providers for sports betting? No. But that's the point. It enables people to make a small business betting shop