Hi Yanislav Georgiev Malahov, interesting approach, particularly about building in the distributed Oracle mechanism from the ground level which I’d be interested in your expanding on further.

Take the example of John and Jane betting on the outcome of a football match between Arsenal and Chelsea which will take place on Tuesday.

1. On Monday John ‘creates’ the bet and the Oracle it will use.
2. John and Jane enter a bet with John backing a win for Arsenal
3. On Tuesday, the game finishes 3–1 to Arsenal
4. John submits the 3–1 result to the Oracle
5. Jane submits a counter-claim stating that the result was 1–2 to Chelsea

Your white paper states:

“If any counter-claims are submitted, then the consensus mechanism for blocks will be used to answer the oracle.”

Can you please continue my example to explain what happens next and how incentives / mechanisms are aligned to get to the ‘correct’ answer?

Thanks, Ian