00:42:39 <m-relay> <z​hangyijia2022:matrix.org> hello
00:43:01 <m-relay> <z​hangyijia2022:matrix.org> Can smart contracts be applied in Monero?
00:43:29 <m-relay> <z​hangyijia2022:matrix.org> maybe can develop a side chain
00:44:34 <m-relay> <z​hangyijia2022:matrix.org> jeffro256: It's jackie
04:00:57 <m-relay> <j​effro256:monero.social> zhangyijia2022:     You can always develop a side chain for anything, there's no limit on that. The blocker is bridges. Meaningfully pegging/converting to from the L1 currency in a trustless way is the hard part. There's really no mechanism to support bridges in Monero on the L1 at the moment
07:41:08 <m-relay> <e​longated:matrix.org> With fcmp++ would it be possible to bridge? Or a future update to that without a hf ?
08:11:53 <m-relay> <s​pirobel:kernal.eu> https://docs.counterparty.io/docs/basics/assets/counterparty-assets/ if someone tried that before fcmp it wouldn't be received kindly
08:13:07 <m-relay> <s​pirobel:kernal.eu> you can see in the last section how they trade btc back and forth with XCP
14:36:07 <m-relay> <c​haser:monero.social> possible either by using the current primitives in ways that no one thought is possibe (less likely), or by hardforking in a scripting primitive: https://github.com/monero-project/research-lab/issues/116
14:38:39 <m-relay> <e​longated:matrix.org> Okay, so 5-6yrs atleast before next HF
14:39:26 <m-relay> <o​frnxmr:xmr.mx> Wut
14:39:27 <m-relay> <e​longated:matrix.org> How will serai do it ? Custodial wallets?
14:39:54 <m-relay> <o​frnxmr:xmr.mx> The serai platform runs wallets in multisigs
14:46:44 <m-relay> <c​haser:monero.social> Counterparty is something different, it's a metaprotocol ("colored coins"). there isn't really a bridge, and AFAIK it can't perform computations like generalized smart contracts
14:49:48 <m-relay> <r​ucknium:monero.social> Any smart contracts having meaningful interface with the real economy? I'm still waiting on that one. Serious question.
14:50:08 <m-relay> <r​ucknium:monero.social> https://en.wikipedia.org/wiki/Real_economy
14:50:08 <m-relay> <r​ucknium:monero.social> > The real economy concerns the production, purchase and flow of goods and services (like oil, bread and labour) within an economy. It is contrasted with the financial economy, which concerns the aspects of the economy that deal purely in transactions of money and other financial assets, which represent ownership or claims to ownership of real sector goods and services.
14:53:52 <m-relay> <r​ucknium:monero.social> Contract specification and enforcement is a tough problem in economics. It would be amazing if you could do it automatically. But so far the oracle problem has not been solved AFAIK, so there is not much that smart contracts can do, directly, in the real economy.
14:54:39 <m-relay> <r​ucknium:monero.social> > In this way, the real economy is focused on the activities that allow human beings to directly satisfy their needs and desires, apart from any speculative considerations.
14:57:31 <m-relay> <c​haser:monero.social> Serai will be a separate L1 blockchain (it won't run on Monero), so it can have whatever programmability it needs enshrined in its protocol