/biz/ - Business & Finance

>>19609735
Mind you, I’m not saying Chainlink is completely useless, but in the world of data the tail is 90% of the body, and that tail is undecentralizable at the source level. Chainlink is great for the remaining 10%, but connecting the tail is a much bigger problem. It is also the reason why, to this date, the oracle problem remains unsolved.

P.S. No need to recycle the old “Everyone’s adopting Chainlink so fuck off!” trope. Just look at the facts: Yes, DeFi is adopting Chainlink, because crypto market data falls within the aforementioned 10%. Now, DeFi is going to become huge and, hell, even ISDA is probably on board, so you’ll get your on-chain derivatives and become rich in the next bull run! Congratulations. However, that’s about the extent of it. You know why Chainlink has 500 partners? Why every literal who is announcing they’re partnering with Chainlink? Because it pumps the price of their shitty token. Unfathomable for those blue eyed Linkies, I know.

Chainlink solves price reference data feeds. Not the oracle problem.

uh oh stinkies, another stinker

https://www.rt.com/business/472016-russia-india-china-swift/