/biz/ - Business & Finance

>>9427963
>no real competition
Lmao, this is what deluded stinkies actually believe.

andrewmfu18 has btfo chainlink

https://www.reddit.com/r/Chainlink/comments/8f66pl/chainlink_a_fully_decentralized_oracle_network/

His comments are incredible.
>chainlink is overvalued
>2 man dev team
>Sergey is a literal who
>other oracles are better

you know he's right

Daily reminder that chainlink has at least 13 competitors on the blockchain, and even more enterprise competitors like Microsoft cryplets and Hyperledger.

Daily reminder that oracle cryptos with actual marketing like Witnet and Zap will moon way more and faster than Chainlink.

Witnet made SIX medium posts THIS MONTH, fucking stupid linkies

https://medium.com/witnet/team-insights-daniele-witnets-operations-lead-6a72c8da8268

In total more than 24 alternatives to Link exist

13 direct link competitors now exist

That ALONE guarantees link wont reach $100 eoy

Some of these r working and some r better than link in all possible ways

>inb4 asking me to spoon feed you

DYOR & KYS

Chainlink competitors

13 total

Some have working products

Centralized there is even more than 13 including M$

ITT: We discuss Chainlink's competitors

You might have heard that ChainLink has no competitors. That ChainLink is the only decentralized oracle. Unfortunately, anon, that is no longer the case. There are at least THIRTEEN competitors, pic related.
>Witnet
>Ducatur
>Gnosis
>XYO Network
>Lamden Tau
>xValve.io
>Aeternity
>Eventum
>OracleChain
>Zap.org
>Akroma.io
>Augur
Plus other projects will just make their own oracles, therefore ChainLink being blockchain agnostic is no longer an advantage. For example even IOTA is planning on integrating their own oracles.
Now, some of these in the pic are still in ICO and some have a working product already. Many of them have 20+ man teams, while ChainLink has only 2 or 3 (we don't even know how many because communication is so bad). They all have shiny and user-friendly looking UIs and websites. All these projects are announcing partnerships regularly and are updating on social media, that is a sign of solid coins worth investing in, you should always DYOR and check these things. Now, technically, ChainLink cannot be called the best anymore. Since you probably don't understand this tech (don't pretend you do) there's no way you can tell which one of these projects will succeed based on tech alone (not that that necessarily matters anyway).
The point is that anything can happen and there is no guarantee that Chainlink will succeed over all these other Decentralized Oracle Cryptocurrencies.
I would suggest that you sell a percentage of your LINK tokens and buy one of these competitors as a hedge. I'm not trying to FUD ChainLink but the fact is many of these projects are much more likely to cause Reddit FOMO than Chainlink. I would suggest buying some Oracle Chain, which is EOS' in-house decentralized oracle. Which will you choose?