sep 14, 2017 - Automated Feed with Bitcoin and Counterparty Data

Description:

This idea would set up a betting feed with relevant Bitcoin and Counterparty data. This opens up for managing risks, as well as for speculation.

This utilizes the existing betting system. Minor protocol changes are required. This proposal will integrate an oracle in the protocol, eliminating the need for a trusted middleman (for data derived from the blockchain).

The automated oracle will periodically broadcast values that have real economic impact on users of Counterparty and Bitcoin. This includes the fee level and the XCP/BTC price.

In addition it's trivial to add a random number feed which will enable betting on any probability, and potentially be used for future smart contracts.

Author: JP Janssen