[IDEA] Is it possible to create a very trustworthy (maybe even trustless), decentralized oracle that states the Bitcoin price in dollars and to create a trustless, decentralized service that gives you access to the amount of bitcoin that corresponds to your dollar amount in bitcoin.

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Essentially creating a trustless kind of Tether that is nog depending on any 3rd party like Bitfinex to guarantee the value of your Tethers.

The biggest challanges:

  • Can this oracle be created without being able to be manipulated.
  • Creating a decentralized pool of liquidity of bitcoins that is big enough to provide liquidity to the users if the price of bitcoin drops. Liquidity providers can be rewarded to attract liquidity and the pool will also attract people who are interested in shorting bitcoin.

submitted by /u/Nick123758
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