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Bitcoin Dev Archive 2014

Reality Keys trusted oracle service

1 message, 17 Jan 2014. Started by Peter Todd.

Peter Todd

Permalink Original thread on gnusha.org

Peter Todd permalink original

Finally seeing a more complex script-use-case being implemented:

http://www.coindesk.com/reality-keys-bitcoins-third-party-guarantor-contracts/

    Enter Reality Keys, a new service by Tokyo-based startup Social
    Minds due for public launch on 20th January. Reality Keys provides
    real-world data in a form that can be used to complete or disregard
    bitcoin transactions, based on quantifiable facts.
    [...]
    Users then specify a date at which they would like to confirm the
    status or outcome of a particular event, and two cryptographic
    public keys are provided: one for if the event happens and another
    for if it doesn’t.
    [...]
    It is all, of course, anonymous. Reality Keys provides only the
    keys, and has no interest in or knowledge of the nature of the
    contract or the amounts of bitcoin at stake.