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LikesPwsh 7 hours ago

That's infamously known as the "Oracle Problem".

Blockchain can't handle external state.

Smart contracts abstract it a bit by having a trusted third party or an automated pricing mechanism, but both are fragile.

PunchyHamster 6 hours ago | parent [-]

It's funny that it just re-invented stuff already used for old world finances, and just invented escrow with more moving parts while still requiring non-compromised 3rd party.