How can a smart contract “keep a secret” in a trustless way?
Isn’t effectively all the trust still in the party releasing it at the right time, or not releasing it otherwise? If so, is the blockchain aspect anything other than decentralization theater?
I guess one thing you can do with a blockchain is keeping that trusted party honest and accountable for not releasing at the desired date and in the absence of a liveness signal, but I’m not sure that’s the biggest trust issue here (for me, them taking a look without my permission would be the bigger one).
Isn’t effectively all the trust still in the party releasing it at the right time, or not releasing it otherwise? If so, is the blockchain aspect anything other than decentralization theater?
I guess one thing you can do with a blockchain is keeping that trusted party honest and accountable for not releasing at the desired date and in the absence of a liveness signal, but I’m not sure that’s the biggest trust issue here (for me, them taking a look without my permission would be the bigger one).