/biz/ - Business & Finance

Fuck off go back to /pol you low iq subhumans

There are actually some people browsing /biz/ right now who still haven't managed to scrape together 10K LINK. Jesus Christ. What are you doing

And wallah..!

Just like that, Chainlink will never be below $2.20 again

*quietly solves the oracle problem*

>>17560239
Why didn't you get a STEM degree or learn how to code anon?

>>17548931
how does $90,000 sound?

>>17544413
A con artist who found our memes and believed he could actually do something that would change the world.

>>17326020
chainlink $1000 eoy

to balance out the low low low IQ fud threads post your favorite chainlink meme or infograph

if you think companies get their information about chainlink on reddit you are one gullible motherfucker.

I don't think you guys understand what ChainLink does. Smart contracts can rely on inputs from multiple trusted oracles without using ChainLink at all. For example, if Nasdaq and the New York Stock Exchange publish their data to the blockchain, a smart contract could check for a certain degree of consistency between the two data sources before executing. That type of redundancy will likely become a design pattern in smart contracts even if the dream of true decentralization/trustlessness is unattainable.

ChainLink is useful if your smart contract needs stock prices but you don't have direct access to a trusted source such as the official Nasdaq API. You can solve your trust problem without depending on a legal regulatory system by using independent nodes that will all be punished financially if they fail to reach consensus -- the schelling point will tend to be what is most widely believed to be correct information. Node operators will find it more profitable to build a reputation for speed and reliability than to defect because they will be unable to coordinate defection with enough nodes to reliably change the outcome of smart contracts anyway. All these nodes may be querying a single source of data -- the Nasdaq API -- but we're not demanding that the data are provably true (which is impossible) just that they are provably accurately reported.

Notice that if all these independent nodes are just reporting data published by a single source such as Nasdaq it would be just as reliable and a good deal simpler, both legally and technologically, to directly query that single source. There's just as much trust involved in either structure. Smart contracts can't do that if the source is off-chain. However nothing is stopping Nasdaq from publishing real-time data on-chain and largely eliminating the need for a decentralized oracle network to query their API.

SECOND BLOG POST
>https://blog.chain.link/threshold-signatures-in-chainlink/

>>13903778
til what fren?

>>13899564
>>13899580
>>13899585
this post was in another thread and got deleted immediately, someone may have given a peek. I dont think we've ever seen this slide before, and it looks like this is what the blogpost would be. im not larping im just a link holder of 15k links, ive given everything up in my life, 15k links is literally all i have to my name

its the last day