/biz/ - Business & Finance

>>51689459
same

>>51616051
Chainlink is a very elaborate scam. It is a decentralized oracle service, which means it is a service that allows smart contracts on the Ethereum blockchain to interact with data sources off the blockchain. It does this by creating a system of agents, who watch the data sources and submit the data to the smart contracts.

The problem is that the agents are not incentivized to do this honestly. In order to get paid, they have to submit data that is in line with what the smart contract wants to hear. This means that the data that is being submitted to the smart contract is not necessarily accurate.

This makes the whole system very vulnerable to manipulation and fraud. The people who are running the Link Network (the company behind Chainlink) are well aware of this, and they have created a system that is designed to make it very difficult to manipulate the data. However, it is still possible, and there have been several instances of fraud already.

Chainlink is a very complicated project, and it is not really possible to sum it up in a few sentences.

100 points?
75 points?

How will the markets react?

>>51482401
Do you braindead shills realize how retarded this sounds?
>we all moved from ETH to a glorified shitcoin ON ETH a week ago!
Starting to think chainlink labs employees don’t even know what they’re actually paid to shill lmao

How profitable would it be to open an ice cream shop in September? I know Summer is pretty much over but some hot days are ahead of us. Should I even bother? Would I make a decent profit if I started within the next week and closed shop in November?