New York Senate Is Coding Real Life! 🏛️📜
New York is back at it again with the ORACLE Bill! 🏛️📜 This re-proposed legislation aims to manage how smart contracts handle data from real-world events, making sure digital agreements don't lose touch with reality. 📊✨
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From an economic perspective, this is a masterclass in "Oracle Reliability." If we want blockchain to eventually handle massive insurance or supply chain contracts, the data inputs must be legally sound and bulletproof. 🛡️💎
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It is a vital step toward merging code with physical reality, ensuring that "Code is Law" actually makes sense in our daily lives. 🌍🤖
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By setting these rules, New York is trying to bridge the gap between complex algorithms and tangible events. Who knew lawmakers were becoming so tech-savvy? 🦁🚀