Thanks for bringing your project around here, I have never read much about oracles and how they work, so I have a question.
Thank you for quoting my image and good words about our betting platform project.
You mean that for this decentralized casino to work, after a match it will require input from actual people about the results of that said match?
Do network members have stakes on this network or the casino itself?
Assuming they do not have stakes on the network (tokens/coins) and they only run a node, what is it the incentive for them to give correct information the smart contract can work with?
About Casino, I am not sure if that could work. In general the idea is to ask (fact certification Oracle) who is the winner of the match? And then majority would take a decision who is the winner. The fact certification Oracle is always cover the whole network and each of the member to be available to vote must to lock some amount of coins and that coins would be returned back in case if his answer would be part of the majority. Also it could be returned more coins in case if some people would put the vote to the opposite side by mistake or for self-interested aims. So people, gonna be motivated to vote on the true winner favour.
About the stake, they have a special conception called
Quadratic Staking you don't need to have any stake to make a bet but take part in a vote for the fact certification Oracle your identity in the network must be validated. The validation in the network happening regularly (currently the period of each validation is equal to 12 days. It's called Epoch) depends on the network size. People to keep validated status must solve a special test called flip, which looks like a series of images that represents a logical story that has beginning at the top and end at the bottom, more information you could find on the idena blockchain official website
idena.io. The point is that the network because of the that flip test accepts only humans as Oracle validators each of the validators has a special status which represents kind of advanced eco-sytem with a special rights and privileges. Also, people must pass the test for each of the epoch but this is a separate topic, the point of that conversation is that network members by majority taking a decision who is the winner after the match is over and based on that decision the contract unlocks the prize fund to the favour of winners. That's why there is no needs to have any KYC and everything is 100% on-chain and anonymous. The platform is always getting the interest from each of the bet and bettors splitting the prize fund of losers. So, it's like a WIN/WIN strategy.