Zap Relay Contracts
Data Vending Machines (DVM) has me thinking about decentralized betting markets.
Why couldn't a DVM job be a bet based on an arbitrary piece of data between two or more npubs?
E.g. user broadcasts job to relays based on outcome of XYZ sportballs event. User gives 2:1 odds based on XYZ outcome of XYZ event. User pays zap + overcollateralization. Funds held in a DLC-like "escrow" until outcome is achieved.
Relay processes xyz data, processes zap payment from both parties, collects fee after winner is paid-out.
Kaz | The Oklahoma Bitcoin Guy / Kaz
npub1sfk…w6n3
2023-09-14 02:22:54
Author Public Key
npub1sfkhz9flfyuvgwunp7gvcvfs7v6rp50qd82r5tmst72ns3gtjd5sauw6n3Published at
2023-09-14 02:22:54Event JSON
{
"id": "1e4f418da5dee34178c4235b3133ebd96cf629d71c6ace4201d92797517be455",
"pubkey": "826d71153f4938c43b930f90cc3130f33430d1e069d43a2f705f9538450b9369",
"created_at": 1694650974,
"kind": 1,
"tags": [],
"content": "Zap Relay Contracts\n\nData Vending Machines (DVM) has me thinking about decentralized betting markets. \n\nWhy couldn't a DVM job be a bet based on an arbitrary piece of data between two or more npubs?\n\nE.g. user broadcasts job to relays based on outcome of XYZ sportballs event. User gives 2:1 odds based on XYZ outcome of XYZ event. User pays zap + overcollateralization. Funds held in a DLC-like \"escrow\" until outcome is achieved. \n\nRelay processes xyz data, processes zap payment from both parties, collects fee after winner is paid-out.",
"sig": "1f99075a810696d1305449eb842a6c7359be44494713b7b854eabfba86b50908f57916db1af8a3974f1342f3d355618c0c56b348566200244dd4a85ad95c21a5"
}