Nice video,,That's a good content,,

Oracle Corporation is an American multinational computer technology corporation, headquartered in Redwood Shores, California."We hope that people who want to change the world choose to come to #Oracle so we can make change happen together,"Thanks for sharing

They named the functionality for determining who's a good citizen after Larry Ellison's company. 

(I know that's not actually why but it's pretty funny anyway.)

>one Oracle should not have the absolute power to qualify or disqualify an account for rewards

So as I understand it, and I'm not totally up to speed on SMTs yet, this will be up to the SMT designer. I think It's entirely reasonable for one oracle to be used for some SMTs; if I want to make an SMT for people who post about curling, and I'm the only oracle for determining who posts about curling, that's probably fine. (Does anyone post about curling?)

The big high-concept SMTs with goals for changing the whole ecosystem will have to have more careful design to them. Probably only one or two of those will ever be at all effective, so in some sense the community will have a choice to go for the best-designed one. Whether we make that choice well....

I am an individual and good actor.... Yay!!! I'm so bullish then !!! Not really... mmmm 
One person one vote, but how much worth is a vote then? I guess it depends on the particular SMT. Some small niches SMTs won't be worth the time to post for the number of account votes and could die soon. Also giving more power to human elements gives more corruption possibilities... It is just how humans work. I like that if an oracle is found corrupt it can be easily voted out, like what happened in our political scene in Span.. Have you heard? But corruption is so powerful, that it can corrupt the new oracles again and again.

I think Vitalik will eventually be right, we will have to depend on AI... and Dan will lose. But it is not the time yet. I look too much into the future. 

Sorry... you see? I can't post... I get bearish as I type. 
You asked for opinions. This experiment wasn't enough... now it is the experiment of the experiment ;)

A new way for publishers to monetize their online content and community, based on battle-tested blockchain technology.Smart Media Tokens will allow anyone with even minimal coding knowledge to launch a new token for $1 empowering the 99.999% of the world before that was..Thanks for sharing,,@meno
https://youtu.be/SSwN1MamTB0

This video is in the korea summit last month i believe. SMT is an interesting concept; I have a project on blockchain which we're studying which platform to choose. 
Steem offers great stuff on content, ETH also brings amazing reward system....
This is definitely the beginning of the new era. Still too much to come 🤞

The ideas of oracle seems good according to Ned presentation, but like you pointed out, people are already planning on how to hijack it even before it is imlemented.

The question I would have love Ned to answer are the following :  Who are the oracles?  What are the methods used in selecting them? 

It is the whales and the already powerful people on steemit that would still be in control of the system of operating the oracle.

Except it won't have the human element,  I can't see it workin, it would make it more of who know who..

Of course you are right that whatever system is designed will at least be attempted to be corrupted. 

Any time there is an economic reward, some portion of people will try to game that reward.

I've been sounding a similar alarm over the past couple weeks. I have not seen anything in the Oracle/SMT talk so far that has convinced me that however Oracles verify users will be any more effective than keeping bots of facebook and twitter.

Hmmm…  As always, Meno, you bring valid points to the fore.  In my view, if there was a way to “code” the “Golden Rule” and a subset of complementary laws of like-minded truth and justice onto a given blockchain – perhaps in the form of some generally accepted “constitution” as it were – well then by golly, those subscribing to such truths and credos would be bound by the UN-DEMOCRATIC guidelines upon which such foundational terms of participation were clearly defined.

Democracy works sporadically and tangentially.  Thereafter, it is largely a failure if not an outright curse on the existence of humankind.   Pure unfettered democracy does not serve the interest nor protect the inherent property rights or beliefs of the individual.

At the end of the day, yes, individual character and the collective culture derived from such matters greatly if not exclusively.  

What might bind such noble actions?  To my mind, there is only one metric capable of achieving, imposing, and enforcing such a state of collective noble behavior.   Quite simply, that metric is a social contract based solely upon an incorruptible rule of law based largely upon the Golden Rule and other natural laws.

Tribe-defined Oracles are not a solution in my view.  A plain set of governance rules based upon a set of natural vs. man-made laws would be required to rid any such system of the ability to become corrupted.

As such, **Rule by Law** – not by man nor Oracle would be a fine place to start.