/biz/ - Business & Finance

>>15116271
Oh we will be far above $5 by October.

Anyone else still accumulating? Hoping to hit 4k soon

What are you gonna do with your gains? I'm gonna buy a big house by the beach in Oregon surrounded by nature. I'm also going to buy a couple of cars. Nothing too fancy though

Say it with me Fellow link marines!

Never fucking selling!

We are holding til this shit is worth fractions of a penny!

Say it with me!

1000 suicides EOY

Where my comfy bros at?

>>15047134

Weak hands have been shaken. Our ascent begins.

Get /comfy/ lads

>>15026944
Thanks anon. Your comment seemed sincere and anti-Machiavelian. Also checked

>>14928537
>>14928576
>>14928612
>>14928617
>>14928619
>>14929498

same here lads. because i'm literally in the same boat as
>>14928877
and i'm not stopping my buys until we hit like 10-15 bucks per.

TONIGHT

>>14859617
This you fucking retards.

He went all in on link.

He will come back after singularity and reward us for our patience.

>>14852700
>Do I hate the people who bought my bags at 25x the price I paid for them?
Nope, I love you retards

avg buy in 50ct

>>14802229
I got my bag at 20 cents, don't really need more, just waiting for the promised land

>>14783330

1/2
A while back there was a clip that cirulated where a bitcoin maximalist said something to the effect of "if someone were to solve the oracle problem, it would be worth more than all of crypto"


He then went on to give the standard counterargument that sybill attacks fundamentally prevent resolution of the oracle problem.


He was almost right


Here's the reality: in isolation without external factors this is correct. Put differently: if all of crypto was created de-novo and no data/api providers existed before the advent of chainlink, there would exist an equilibrium at which sybill attacks would be more profitable than delivering quality data or outputs. If this was the case, there are ways of breaking this state, but they involve exchange of value first in a non-deterministic manner and then using the experience from that to bootstrap an oracle network.


Fortunately, before crypto the world did exist. This led to trust systems being developed to reign in this situation (lawsuits, word-of-mouth reputation, the value of name recognition) in a world of non-deterministic interactions. For chainlink this is an absolute blessing.


The entwork will launch with actors providing APIs and data that are linked to their real-world names and practices. This means that even outside of the sybill equilibrium, there will be significant pressure to have high quality inputs and outputs. A bank can't expect to keep its good name if it makes a habit of screwing its smart contract customers while keeping good practices with its standard customers.
So what follows logically from this? The initial network has to tap into this entropy of trust left over from the non-deterministic world. In other words, it can't be decentralized initially unless the network wants to go through a growth period where bad behavior is actually game-theory optimal (with asymptotic approach to trustworthy behavior).

CHAINLlNK $1000 EOY

>>14734526
>passive income from staking my linkies
>$1000 on top of that
Future is looking sweet boys

>>14728962
Simply reposting, not my write up. This should help you nulinkers a bit.

A while back there was a clip that cirulated where a bitcoin maximalist said something to the effect of "if someone were to solve the oracle problem, it would be worth more than all of crypto"


He then went on to give the standard counterargument that sybill attacks fundamentally prevent resolution of the oracle problem.


He was almost right


Here's the reality: in isolation without external factors this is correct. Put differently: if all of crypto was created de-novo and no data/api providers existed before the advent of chainlink, there would exist an equilibrium at which sybill attacks would be more profitable than delivering quality data or outputs. If this was the case, there are ways of breaking this state, but they involve exchange of value first in a non-deterministic manner and then using the experience from that to bootstrap an oracle network.


Fortunately, before crypto the world did exist. This led to trust systems being developed to reign in this situation (lawsuits, word-of-mouth reputation, the value of name recognition) in a world of non-deterministic interactions. For chainlink this is an absolute blessing.


The entwork will launch with actors providing APIs and data that are linked to their real-world names and practices. This means that even outside of the sybill equilibrium, there will be significant pressure to have high quality inputs and outputs. A bank can't expect to keep its good name if it makes a habit of screwing its smart contract customers while keeping good practices with its standard customers.

>>14724625
Simply reposting, not my write up. This should help you nulinkers a bit.

A while back there was a clip that cirulated where a bitcoin maximalist said something to the effect of "if someone were to solve the oracle problem, it would be worth more than all of crypto"


He then went on to give the standard counterargument that sybill attacks fundamentally prevent resolution of the oracle problem.


He was almost right


Here's the reality: in isolation without external factors this is correct. Put differently: if all of crypto was created de-novo and no data/api providers existed before the advent of chainlink, there would exist an equilibrium at which sybill attacks would be more profitable than delivering quality data or outputs. If this was the case, there are ways of breaking this state, but they involve exchange of value first in a non-deterministic manner and then using the experience from that to bootstrap an oracle network.


Fortunately, before crypto the world did exist. This led to trust systems being developed to reign in this situation (lawsuits, word-of-mouth reputation, the value of name recognition) in a world of non-deterministic interactions. For chainlink this is an absolute blessing.


The entwork will launch with actors providing APIs and data that are linked to their real-world names and practices. This means that even outside of the sybill equilibrium, there will be significant pressure to have high quality inputs and outputs. A bank can't expect to keep its good name if it makes a habit of screwing its smart contract customers while keeping good practices with its standard customers.

>>14715378
It's okay fren, you don't have to do anything you don't want to do and things get very comfy when you have a blanket like mine!

See you there, fren