/biz/ - Business & Finance

>>12925430

OK I REALLY DIDNT WANT TO GET INTO THIS BUT HERE IT GOES-

IN ORDER FOR LINK TO BE SUCCESSFUL TO EVEN A FRACTION OF WHAT'S EXPECTED HERE, THE FOLLOWING THINGS NEED TO HAPPEN

- ETH NEEDS TO SURVIVE AS A PRIME SMART CONTRACT PLATORM AND REACH A SCALING SOLUTION (AND DON'T GIMME THE BLOCKCHAIN AGNOSTIC SHIT, THE TOKEN IS ON THE FUCKING ETH NETWORK)

- LINK ITSELF (WHICH IS STILL THEORETICAL) NEEDS TO FUNCTION AND PERFORM AS ADVERTISED. NOTE THE CODE ISN'T EVEN CLOSE TO BEING FINISHED (DON'T ARGUE) AND THERE IS NO USER INTERFACE FOR CREATING SMART CONTRACTS.

- SMART CONTRACTS THEMSELVES NEED TO BE ADOPTED. I WON'T EVEN GET INTO WHY THIS IS DIFFICULT. THERE'S NO RECOURSE FOR FUCKED UP INPUTS/OUTPUTS OR BAD CODE. IF A PROBLEM HAPPENS BETWEEN MULTIPLE COMPANIES WITH A DECENTRALIZED SMART CONTRACT, WHAT DO THEY DO? THEY TAKE THE ISSUE INTO A CENTRALIZED COURT. SO WHEN SERGEY ASKS "ARE WE GETTING RID OF LAWYERS," THE ANSWER IS NO.

- API MARKET NEEDS TO DRASTICALLY IMPROVE. THE DATA AVAILABLE FOR THE KIND OF SMART CONTRACTS THAT CHAINLINK IS TARGETING IS CURRENTLY REALLY SPARSE AND THE SHIT IS VERY EXPENSIVE. EACH CALL COSTS A LOT OF MONEY OR YOU PAY HEFTY SUBSCRIPTION FEES.

- SMART CONTRACT AUDITING SERVICES NEED TO BE WIDELY AVAILABLE AND RELIABLE

- CHAINLINK NEEDS TO ACTUALLY IMPLEMENT FIAT INPUTS AND OUTPUTS (NOT JUST A CUTE LITTLE SLIDESHOW AT SIBOS). NO COMPANY WORTH THEIR SALT WILL EVER BE PUTTING THEIR ESCROW INTO SHITCOINS