/biz/ - Business & Finance

I'm a developer and I looked over the Chainlink white paper and documentation, as well as the blog post by Google. Here's a few reasons I would not use Chainlink for my own apps:

The current "mainnet" is not decentralized. there's no way to decentrally assess if an oracle is any good or not.

It took them 2 years to basically build centralized oracles, which is extremely unimpressive (and already exists). I do not have much hope for the future or the competency of their engineers.

The white paper doesn't coherently describe how they plan on making their centralized design decentralized one day. They broadly go over their "decentralized" reputation strategies as if creating sybil resistant decentralized reputation is something of an afterthought, when it's actually an unsolved computer science problem. They've had 2-3 years and 30mil in funding to actually publish technical specifications for this and instead they decided to build trivial centralized oracles. Extremely worrying. It kind of reminds me of IOTA "we'll remove the coordinator later". No you won't. You don't know how.

News outlet and journalists keep reporting on "partnerships" with Google and Swift. But if you actually read the source for the "partnership", it's just a blog post by Google Cloud that promotes their own service (BigQuery) and shows an example about how Chainlink users can use Google Cloud if they want. In no way is Google partnered or planning on using Chainlink themselves. The Chainlink codebase is extremely trivial to rebuild if Google wanted to get into the blockchain oracle space.

While there's certainly profits to be made by trading Chainlink, I recommend you do not HODL it with the hope that one day developers will adopt it as their source for decentralized oracles. That certainly won't happen.

but why? Why didn't they wait until they have BTC pair available before listing LINK?

Chainlink's price by Dec 2021 will be 100x what it is in Jan 2021.

Everything is a shitcoin except BSV lmao. Imagine holding this.

Here’s the funny this. 99% of you WILL NOT MAKE IT. 99% of you WILL NOT SELL. That’s the best fucking part. Fucking bought 30k of this shit at 50 cents and just sold it all. Putting 50% of it into BSV and the other 50% cashing out.

Feels good to actually make REAL GAINS instead of PAPER GAINS. Keep holding like the little idiots you are. Muh “never selling” until it crashes just like you didn’t sell btc when I told you it’s going to crash at 17k.

Have fun holding worthless bags of a shitcoin that’ll be absolutely annihilated by Craig’s patents. See you at 10k for BSV.

Muh “Craig is a scam”. Yeah he’s such a scam that the “real satoshi” can’t even come out and say it’s not Craig like he did the last time someone was thought to be Satoshi (google Dorian Nakamoto). His keys are unlocked 2020 and BSV still made the highest gains since last month (5x, more than everything in the market despite being high market cap).

And you might still have a few weeks at most. Nulinker, wtf is wrong with you?

Hit me with your best FUD! Right now! DO IT! Fire away!! Come on, hit me with it. I WILL NEVER SELL. EVER. NOT AT 100 NOT AT 1000 NEVER.

I am responsible for 90% of the fud posts you've seen here. If you've ever reposted chainlink fud it's mine 9/10 times. AMA

Since Chainlink is open source can't someone like Facebook or Microsoft just copy all the work they've done and use it for themselves while putting millions into upgrading it?

Should I trade my link for btc after it pumps

I am starting to feel like 1000$ eoy might be fud... any other anons feel this way?

>”whales manipulating link”

Is beginning to sound very npc-esque, why are they only manipulating link then, why not manipulate the 1000’s of other shitcoins as well... this is clear accumulation

This is like the 4th or 5th time in 48 hours. My buy order of 18.02 k sats will never be filled like this mother fucker. Show yourself you need to let link bleed more in order to accumulate easier link you dumb ass whale mother fucker.

Should i buy now or wait for a futher correctiom/dip

>>14095582
Looks like they will be needing an ingame oracle to keep track of the items

It’s already been 50 days or something, whats cooking good looking?

2 years isn’t fucking enough, I accumulated for two fucking years and I only have 63 k, what the fuck , I need more time, this is literally my last chance

https://www.cnbc.com/amp/2019/06/05/facebook-cryptocurrency-coming-in-june-report.html

>The report says Facebook is soliciting third-party organizations to act as "nodes" to help manage the cryptocurrency, and has discussed charging $10 million for the privilege.

huh.... sounds familiar

Why we pumpin frens?

Any smart anon can redpill me on this?

IS ANYONE ACTUALLY USING MAINNET?

> swinglinkers risk their ticket to singularity before mainnet release
> link only correcrs 10%, they risked everything for a literal dime
> discord swinglinkers raging
> unleash fud based without fundsmental link knowledge
> uses words like bagholders, it will bleed for half year, request to describe link
> secretly fully knows it was the best performing coin during bearmarket and will be the best performing coin this year
> secretly fully knows that even new link marines accumulated link sub 50 cents so there are literal no bagholders on biz unlike your shitcoin fotm
>secretly fully knows that every month a better iteration of the current mainnet will be out with more data feeds and oracles
> secretly fully knows that every succesfull product starts like this, if you want to release the perfect thing on the go you will end up releasing nothing in your lifetime just like nolinkers waiting for it to bleed right now

But I will give it to ya, the eth price check fud is pretty funny, so keep em coming, it keeps me entertained

hey, if anyone wants to know the price of ETH, just let me know

*blocks your path*

Sorry kid it's nothing personal

are u buying your last linkies now or tommrow ?

Choose wisely