/biz/ - Business & Finance

>>10024400
Link 1000 sats eoy

>>10024400
Nice double dubs but pls delete and come in the discord.

>>10024431
Which discord?
>>10024400
Are you referring to the work on the aggregate?

>>10024452
CwYPQH

He's still going.

>>10024400
Wow, is he working through the night? What a dedicated motherfucker.

Also, what am I looking at here?

>>10024400
some anon earlier said that aggregation was done and would be added

guess he wasnt fuddin

>>10024499
He's setting up / editing all the aggregation work.

>>10024502
Link to thread pls

>>10024507
Oh fuck.. so all that’s really left now that we’re unsure of is the reputation system, right?

>>10024502
think about it...Steve is in US..which is 12:30AMto 3:30AM currently. Codeship will include whatever has been in the private repo. I think we find out this week how close we really are to main net.

>>10024523
I do believe reputation is in the private repo because the team stated the private repo was not node work. The reputation service will be 3rd party by multiple reputation providers which falls under non node work.

>>10024528
>>10024543
I can only get so erect

>>10024543
Node reputation is non nodework?
How?

>>10024528
>>10024543
Well boys, looks like its really happening tonight

>>10024597
It doesn't deal with the architecture of the actual nodes themselves

>>10024543
>The reputation service will be 3rd party by multiple reputation providers which falls under non node work.
Basic FUD here: How is this not kicking the can of trusting third parties from "trusting the centralized oracle" to "trusting the centralized reputation provider"?

>>10024510

>>/biz/thread/S9993684#p9994822

>>10024618
this

>>10024648
>>>/biz/thread/S9993684#p9994822
STEVE ON BIZ CONFIRMED.

>>10024635
They have not gone into to too many details but I suspect they will allow quite a few reputation providers to "decentralize" reputation. For all we know, anyone can start a reputation prov. service.

>>10024655
>>>/biz/thread/S9993684#p9994822
Then maybe, just maybe he can answer this FUD
>>10024635
Without spilling the beans on their super secret reputation system.

>>10024655
Checkd

>>10024658
The thing is, I have thought on this a lot and I think I know how to solve this. I want to know which approach CL will take, and if it's not truly decentralized I will offer them the solution in return for LINK tokens.

>>10024655
Hail Steve

>>10024669
whatever, you fat fag

>>10024683
Namecalling isn't changing the fact that a centralized reputation system is inherently flawed and would make CL a failed project. No disrespecting Sergey, Steve or Thomas but a working reputation system is extremely difficult to implement. Maybe that's where Ari Juels comes in.

>>10024635
Smart contracts can be written that keeps track of jobs completed, by whom and for which source of data, and it can be contributed too by an arbitrary number of chainlink nodes. Reputation provider = reputation smart contract + consortium of nodes responsible for maintaning the smart contract. Decentraloized af m8

>>10024702
but is it feasible though?

>node operators
>reputation validators
>smartcontract auditing

All of this will incorporate fees of some sort

>>10024701
I highly doubt it isn't something they haven't come with a viable solution with.

>>10024635
>>10024702
Yea, the reputation should be simply built into the blockchain. There's no centralization. Just record each contract to the blockchain and the node # which provides the data or something similar. it's all public.

Steve, if you're in this thread, I just want to let you know that while you have been up late at night coding for chainlink, I too have been been up into the wee hours of the morning every night right along with you smoking weed, drinking whiskey, reading biz, and talking to cam whores for the last 12 months as I eagerly follow Link's progress on biz. I unfortunately do not possess coding skills. You, Sergey, and the team are my heroes. Don't quit. Never give up. Let's get filthy white man rich together.

I don't think you guys realize how much work will need to go into the aggregation contract.
You need to find a robust way to assess the validity of any type of data returned by X different nodes.
If you're asking for a deterministic API info, like the GPS coordinate of a town from a single source, then it's simple.
But what if you need stock price tickers? Those prices can fluctuate by the ms and from source to source, how do you specify a validity range that is acceptable for both the requester and the provider?
What if you're asking for composite data, where one value needs to be averaged across API providers, and one is highly volatile, etc...
When people ask those questions on slack/gitter they're just told that aggregation will magically solve it, but nothing can be said about it atm because the contracts aren't ready.

I honestly don't see it happening except for maybe so super basic requests at first.

>>10024702
>secure oracles by using a smart contract which itself will need a secure oracle.
This is stupid.

>>10024762
Chainlink doesn't have its own blockchain so that's not possible.

>>10024775
Nice attempt at covering your trail Steve, but we've already caught on. Link $1000 EOY.

>>10024786
The token uses ethereum faggot. They can write it to that blockchain. If a node doesn't provide the right data the reputation of that node will get recorded on the blockchain as a failure.

>>10024775
I disagree, this is easily solvable by moving the problem to the person who requests the data. F.e. you name stock price tickers as a problem. But what do you want to know? Simply asking the price isn't correct, you ask for the price at a certain time, which is deterministic and thus doesn't change.

You can give me more "problems" and I will try to explain how easy it is to aggregate them (theoretically, coding adapters for all these usecases is a lot of work though).

>>10024806
Who writes the data to the blockchain though? The entity who determines what reputation goes to the blockchain is centralized. And if you do decentralization of your reputation, you might have different reputation providers wanting to write different things to the blockchain, are you going to aggregate those as well?

>>10024775
Yeah aggregatation is super hard. I think some of it will fall onto the end user side. There will probably be a lot of aggregatation functions but it think it makes sense in some cases to allow users to request raw data and aggregate it on the contract side. Although I'm not sure how consensus would work in that case. Not sure how much they'll leave the burden on the user though. It's just like ethereum leaves the job of contract security to the contract writers rather than limiting complexity.

>>10024808

> you ask for the price at a certain time, which is deterministic and thus doesn't change

1. the price will differ depending on the exchange
2. you can't really specify a time, unless you're querying the exchange's price history. if you want real time data, price fluctuates by the microsecond and depending on how much time your node takes to send and receive the request, it may be different
3. even if you're querying the exchange's price history, APIs are buggy and don't always serve the same data (from experience this is especially true of crypto exchanges). So querying at 9:00am for historical price A the day before might give you X, but somebody querying for the same price a few hours later will get Y

> coding adapters for all these usecases is a lot of work though
yes, data requester would need to code a specific contract (but then the node providers would have to inspect it, which is unpractical and dangerous as smart contract auditing is not somebody anyone can do) or the node operator would need to have an adapter (which means he would need to know how to program one which is non-trivial. this might work for commonly requested data such as crypto/stock prices, but it's unpractical for more specialized cases unless you have maybe like a marketplace for adapters and an incentive to get node operators to create & use the adapters).

>>10024815
The contract writes the data to the blockchain. There is no entity deciding the reputation. Either the data was successfully used by the smartcontract or it wasn't. That gets recorded, And from that record, you can use a blockchain explorer to read the reputation of the nodes providing the data which is written to the blockchain when the contract is minted.

I'm not trying to be a dick. It seems pretty clear but you're seeing something else. Am I missing something fellow linkie? Steve, you here? correct me if I'm wrong.

>>10024853
if you leave the burden on the user, there's no way to reward or penalize nodes.
either the user just accepts all the data and uses its own algorithm to sort the good from the bad (then there's no real point in using chainlink)
or the user is able to set its own indivualized criterias for what constitutes good data, and that's a clusterfuck because every contract has to be audited by the data providers to ensure they won't get fucked over.

>>10024860
>1. the price will differ depending on the exchange
Hence aggregation, you want the average price on all exchanges. If you want the price on 1 exchange you either use a centralized oracle (direct API from the exchange) or you request the price from that exchange explicitly. For example, there is a difference between asking the price of BTC/USD or the price of BTC/USD on gdax. I think Chainlink's strength lies in the first kind of requests, as the second one is just using a decentralized oracle because you're too lazy to use your own API.

>2. you can't really specify a time, unless you're querying the exchange's price history. if you want real time data, price fluctuates by the microsecond and depending on how much time your node takes to send and receive the request, it may be different
UNIX timestamp. Price fluctuations are once again the reason you aggregate.

>3. even if you're querying the exchange's price history, APIs are buggy and don't always serve the same data (from experience this is especially true of crypto exchanges). So querying at 9:00am for historical price A the day before might give you X, but somebody querying for the same price a few hours later will get Y
This is something you can't solve with oracles, just like you can't solve your internet connection breaking down just before you push "request BTC USD price". It's a problem blockchain technology can't solve.

> maybe like a marketplace for adapters and an incentive to get node operators to create & use the adapters).
Exactly, I think this is what will happen.

>>10024899
Morning Johnny, have you quit your full time job yet?

>>10024543
exactly.. same goes for any smart contracts they write. would be insane to share that code.
the stuff thats public is generic node running infrastructure

>>10024876
>or the user is able to set its own indivualized criterias for what constitutes good data, and that's a clusterfuck because every contract has to be audited by the data providers to ensure they won't get fucked over.
I think Chainlink will give the framework but users can tweak some parameters.

>>10024870
But Chainlink is blockchain agnostic. How do you connect all the reputation that's scattered around 100s of different blockchain platforms?

> I'm not trying to be a dick
And I'm not trying to be a brainlet, I just have a lot of questions and doubt about how CL works, because the whitepaper isn't specific enough for me.

>>10024907
I don't get what you mean?

>>10024815
Do you have any idea how blockchain works? Though the exact contents of the smart contract through chainlink may not be public, the fact that there is a smart contract and its status will of course be known.

>>10024931
But the smart contract doesn't know the data is correct? It ASSUMES the data it gets from the oracle is correct and works with that. Any and all smart contract will just use the data it receives, and the judging of which nodes were correct and which were false will be done by the Chainlink network.

>>10024400
It's weird. in the beginning I was fudding Link to accumulate more. which I did ultimately when it was around 13 cent. I amassed 300K Link. I definately think I have enough to make it. the problem though is that I can't stop fudding my own investment where I am literally all-in with my life savings. I designed some of the most hated and posted memes regarding Chainlink. again... I am all-in with my live savings and I have no intention whatsoeva to shill this project. instead I went to insane lengths to meme fud whenever I can. sometimes I sit a whole day in front of the screen and I FUD FUD FUD FUD. I don't something is wrong with me. but since I have invested in Chainlink I feel verydifferent. my behavior makes absolutely no sense... yet I am 100% sure I have to FUD my own investment.

>>10024950

if you were here in October you'd know that edging is a cornerstone of the SmartContract.com company. There is no hype, only energy spent towards working on the product. In fact edging was what Sergey focused on for his Philosophy degree. This explains why partnerships are being kept secret and the suddenness of the inevitable singularity. When the singularity happens, be sure to open the Citizen app if you live in the SF bay area and look for an incident titled "office building flooded with semen" as Sergey et al will no longer be able to contain themselves. Sergey will blow the biggest load though as he's expressed a greater propensity of a hard on for decentralization. In fact in his interviews the first word Sergey says to candidates is "decentralization." No sentences or words around it. He looks intensely at their crotch, and if the candidate doesn't get wet or hard in 30 seconds the candidate is rejected.
With this information the reasoning is clear: a significant partnership has been secured, and the smartcontract team has been vigorously doing laundry or buying new underwear. This isn't sustainable however because the massive volume of pre cum will ruin the dry cleaning machines. It's only a matter of time until the laundromats find out whats going on. Hence it is a race against ejaculation, and a rigorous mental battle to keep their enthusiasm in check.

>>10024655
If he is. Counting on you an have confidence in you. Holding strong.

>>10024924
The LINK token is used for executing the release of data/funds and/or contract execution so even though a payout might be on say IOTA, the actual purchase of the data gets recorded on Ethereum through the chainlink network so the reputation for who provides the data getting paid out in IOTA is still on the Ethereum blockchain or whatever blockchain the team wants to continue hosting the chainlink network (Ethereum works best and is the best choice for the foreseeable future. IMO).

>>10024949
>
They're building in a consensus system to deal with disputes, so your concern actually highlights the benefit of chainlink in that it helps provide only the most correct info to the smart contract to prevent fraud before a contract executes.

>>10024899

> Hence aggregation, you want the average price on all exchanges.
That's not aggregation, that's just averaging the price on all exchanges. How do you determine what's an acceptable average and what is not? Since the value (both real time & historical, albeit less in the second case) is subject to change, you'd have to determine a window of acceptable values. That can be unpredictable and easily turn predatory for the node operators.

> UNIX timestamp. Price fluctuations are once again the reason you aggregate.
UNIX timestamp does not solve anything if you're querying real time data. You may send a request at the UNIX time specified in the contract but if you're in Asia and the endpoint is in Europe, your request will be served later than a node in Germany and the price might differ. As mentioned above, averaging (what you call aggregation) does not solve this issue.

> This is something you can't solve with oracles
If that is so, the use cases for ChainLink are extremely limited

> Exactly, I think this is what will happen.
This is what I hope will happen. But to get to that point, you need to kickstart the whole ecosystem with both your node operators and your data requesters, supposing you have enough to create a real marketplace. To say "it will happen" is wishful thinking, it may happen under the best possible conditions. (I say this as someone whose portfolio is 90% link). And if it does happen, it will be in many years. People keep asking about mainnet, but mainnet doesn't matter as long as you don't have that ecosystem which will take years to develop.

>>10024976
Advice to LINK holders.
Try a pool cleaner vacuum while underwater, especially with a heated pool, it will give you the best orgasm of your entire life. the fans rapidly but gently smack the head of your dick while giving really strong suction. obviously stick your fingers in first to make sure it's safe, not every pool vacuum is the same. I've had blowjobs from 3 different women and 4 different men, I've used vacuums, cock-pumps, fleshlights, vibrators... and NOTHING compares to the pool cleaner. I'm not even fucking kidding right now, if you get the chance, try it. the only thing that is even remotely close to how good that pool vacuum felt was straight up vaginal sex with this fat chick who had a really warm snatch, it was like sticking my dick into a wet loaf of banana bread straight out of the oven, and yes this fucking pool cleaner vacuum was better than that. I don't own a pool or else I'd be doing it every day. unfortunately the owner of the pool caught me doing it so I'm not allowed to be within 1000 feet of his house anymore but it was so fucking worth it, I'm telling you that fucking pool vacuum is like heaven. honestly the only reason I even want to make it with LINK is so I can afford my own house with a heated pool and of course a pool vacuum. I can't wait to buy a dozen different brands and styles of pool cleaners and fuck them all. I live for that day to come.
Advice over.

>>10024976
What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my philosophy class, and I’ve been involved in numerous secret blockchain projects, and I have over 300 confirmed smart contract transactions cleared. I am trained in Javascript and I’m the top speaker in the entire cryptosphere. You are nothing to me but just another pajeet. I will wipe your wallet out with the precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of hackers around the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your portfolio. You’re fucking finished, kid. I can be anywhere, anytime, and I can destroy your networth in over seven hundred ways, and that’s just with my bare hands. Not only am I extensively trained in hacking, but I have access to the entire arsenal of the Enterprise Ethereum Alliance and I will use it to its full extent to wipe your miserable wallet off the face of the blockchain, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking broke, kiddo.

>>10024400
https://github.com/smartcontractkit/chainlink/issues

>>10025000
>That's not aggregation, that's just averaging the price on all exchanges. How do you determine what's an acceptable average and what is not? Since the value (both real time & historical, albeit less in the second case) is subject to change, you'd have to determine a window of acceptable values. That can be unpredictable and easily turn predatory for the node operators.
How is aggregation numerical values not some kind of averaging? You can give a weighted average, with weight given by reputation. There are tons of techniques like this that are used all over the world when dealing with scientific measurements.

>>10025000
>UNIX timestamp does not solve anything if you're querying real time data. You may send a request at the UNIX time specified in the contract but if you're in Asia and the endpoint is in Europe, your request will be served later than a node in Germany and the price might differ. As mentioned above, averaging (what you call aggregation) does not solve this issue.
I'm not seeing the problem here. If I call for the price at 1529916539 (right now) what does it matter where I ask it from? It's the same time everywhere. Sure, in Asia or Germany they might receive my request a fraction of a second later, but they still will see the same price at that exact moment. Price fluctuating by microsecond can also be specified: if you want in on the microsecond, you send a request for a price on a certain microsecond 1529916539.135 for example.

>>10025000
>If that is so, the use cases for ChainLink are extremely limited
ChainLink won't solve hardware breaking down or websites having errors, but the decentralization will solve it partly because you don't depend on 1 source anymore.

>>10025000
>And if it does happen, it will be in many years
Agreed. Chainlink usage also requires sharding to be implemented on Ethereum imo.

>>10025082
>Agreed. Chainlink usage also requires sharding to be implemented on Ethereum imo.
If we can execute future smartcontracts, how many do you think are getting executed daily? I don't disagree for larger institutions down the road, but initial implementation will be easily handled by Ethereum.

>>10025082

> How is aggregation numerical values not some kind of averaging? You can give a weighted average, with weight given by reputation. There are tons of techniques like this that are used all over the world when dealing with scientific measurements

You're describing aggregating data that's already received and supposing that all the data is valid. What if the node with the highest reputation gives you bad data? Your whole average is skewed and you have no way of knowing that data was bad. You can't penalize or reward user based on the type of aggregation you are describing. It works for scientific measurements because the actors act in good faith. It doesn't work for crypto where people will try to exploit the system for personal gains.
The only way around I see around it is specifying that the data has to be within a certain range from the mean of all the data returned by all the node (you can weight by reputation there if you'd like). But that means that certain data provider will necessarily be penalized (since threshold is relative to the mean) even if the difference is minute and they are acting in good faith. This also poses the question of how to handle non numeric values (strings, dates...)

>>10025028
>>10025177


> I'm not seeing the problem here. If I call for the price at 1529916539 (right now) what does it matter where I ask it from?

Yes because not all exchanges have an API that let you query for historical data. Very often you can only request real time data. That means that the only thing you can do is specify in your Chainlink job at what time the request should be send, but that still leaves a lot of leeway for fluctuations based on lag.
If the exchange supports historical price query, great. But as mentioned, even historical price data sometimes fluctuate depending on when you send your request or if the API is buggy.
So the only way to solve the problem is to solve the problem above, which I don't see a practical, scalable solution for (but I'll be happy to be proven wrong).

>>10025175
>Initial implementation will be easily handled by Ethereum.
Probably. All the more so because CL will work with any and all smart contract "platforms", and only the Link token transactions are tied to ETH. And things like node payments can be done in batches for longer-term contracts like website uptime surveillance n shiiieeeet.

>>10025182
>Very often you can only request real time data
What?

>>10024762
and buy weycoin

kek

>>10024669
$0 or $1000 EOY

>>10025177
If the node with the highest reputation gives bad data, the concept of what is right and wrong should be put in question. The reputation system should work in a way that high reputation gives validity. A high reputation node can indeed try to exploit the system, but risks loosing its reputation in the way.

>The only way around I see around it is specifying that the data has to be within a certain range from the mean of all the data returned by all the node (you can weight by reputation there if you'd like).
How is this different from what I propose? You aggregate data and use an algorithm to determine the consensus. Then you penalize everyone who was wrong and pay out the ones who were right. The parameters of which answer was right enough and which was too far off can all be specified by the smart contract, e.g. two standard deviations of is too far.

Non numeric values can all be translated to numeric values. Or you work with the mode of the data, like for booleans.

>>10025182
Then third parties will pop-up that track those sites to keep track of the historical data.

>>10025189
>>10025175
If I want to know the BTC/USD price right now via Chainlink, I don't want to wait for 10 minutes or however long it takes for the link transaction to take place to power the smart contract.

>>10025497
>If I want to know the BTC/USD price right now via Chainlink, I don't want to wait for 10 minutes or however long it takes for the link transaction to take place to power the smart contract.
Smart contracts are automatic.

>>10025509
Don't they need to wait for the oracles to put in LINK as collateral ?

>>10025525
That process will also largely be automated.
You as the client indicate an assignment and a certain collateral, and nodes that have their parameters set to that collateral and that type of request (maybe even specific API) will automatically engage.

Also, you don't use oracles just to "know" the BTC/USD price. You can just search that on the internet.

>>10025082
>Chainlink usage also requires sharding to be implemented on Ethereum imo.
yep, this is why mainnet launch will not birng in the singularity. mainnet will let customers test it and build some trust in the system, then when eth scales, and the network starts to get useful we will se adoption and singularity.
maybe eth scales before mainnet!

>>10024669
Yeah nah

>>10025002
Thank you for making this pasta, that was a good thread

>>10025380
>$1000 EOY

Last three digits of my post are the link price eoy

>>10025979
Nice

>>10025979
Nice fud.

>>10024726
which could actually be good.
fees increases costs = higher price

>>10025979
noice

>>10024400
Great thread and good debates about merits of Link. Looks like project continues to make excellent progress. Will continue to accumulate and Hodl. I am comfy as can be because clearly ETH needs smartcontracts and Link to maximize it's value. Don't be fooled, Vitalek is fully supported and invested in Link. Just my opinion of course.

>>10025979
WOW stop with that meme magic Anon.

>>10025497

> How is this different from what I propose? You aggregate data and use an algorithm to determine the consensus. Then you penalize everyone who was wrong and pay out the ones who were right. The parameters of which answer was right enough and which was too far off can all be specified by the smart contract, e.g. two standard deviations of is too far

Yeah, but that's a problem for several reasons:
- The algorithm to aggregate data has to be created specifically for the task, it's not something that the LINK devs can put out a generic algorithm for. This means the node operator would have to review the code first to understand the terms of the contract and to make sure they're not delivering data to a provider that will only reward 1 guy and penalize everybody else. This supposes that the data requester has the time/money/will to create a specific smart contract and that the data providers have the time/skills/will to audit that contract first. Very unrealistic.
- Two standard deviations too far, or any "standard deviation" measure may sound right, but in practice this is dependent upon the average. What if everybody returns good data? Then you still have too penalize the nodes that are the furthest away from the mean, even if it's a very minor difference. What if several nodes return bad data and the mean gets skewed? Then several nodes that returned bad data will get penalized.

>>10025497
>Non numeric values can all be translated to numeric values. Or you work with the mode of the data, like for booleans.
Yes, but how do you create a consensus algorithm based on a string converted to a numerical value ?
Say a weather API returns a string with the weather, followed by a timestamp. (e.g. "Tomorrow is Hot. Requested at 2018-08-08:08:08:08)
All nodes will have a slightly different string, and you can't reliably use arithmetic to determine who's right. At best you'd have to create something using Levenshtein distance or more advanced NLP.
Of course you can have an adapter with a parser for the string, but 1. you have to ask node operators to use your adapter or create their own (and therefore create an incentive for it) 2. how does that work, say, if your transferring base-64 encoded binary data or more complex string?

It's nice to have this discussion anon.

>>10027588
There can not be a single aggregation algorithm, chainlink is way too multifunctional for this. I expect they make several possible aggregation methods available that the requesting user can ask to be used.

If multiple data providers give the "wrong" data and this skews the mean, than this wrong data is actually the correct data. If Germany wins this world cup but everybody on the internet and in the paper prints that Brazil wins the world cup, then Brazil has won the world cup. The data may be wrong, but if it's accepted as reality that's the way it is. I guess I'm saying the person or the company that manages to control all of LINK and it's reputation, controls reality for smart contracts. We just have to trust game theory that nodes will give trustworthy data.

Now the case when everybody returns good data, that's a good one. I guess the requesting user could specify how exact the result needs to be. Like for example if you ask for BTC/USD you need to get withing 5 cents. Then if you are less than 5 cents from the aggregated mean OR you are less than two standard deviations you don't get a penalty.

>>10025257

Last I checked, Binance only allowed you to query something like "ticker/price/SYMBOL", which returns the price of crypto X at the time you make the request. You can't request the price for crypto X at a specified date and time in the past. Maybe this has changed, but I believe this is still the same for most other exchanges.

>>10025497

>Then third parties will pop-up that track those sites to keep track of the historical data
Maybe such sites will for data that is highly in demand, but it won't for a lot more use cases that are more specific and therefore limit the adoption of the network. And if you need a centralized sites to aggregate data for you, it kinda beats the purpose of having a decentralized network to query the data. Now the site doing the aggregation can easily manipulate the data. You wouldn't just need one site to offer the historical data, you'd need several for the operation to make sense and have some security. It sounds very redundant and inefficient, not mentioning it's doubtful that there will be a high enough incentive to have several of those sites on the market in the first place.

>>10027665
>Yes, but how do you create a consensus algorithm based on a string converted to a numerical value ?
>Say a weather API returns a string with the weather, followed by a timestamp. (e.g. "Tomorrow is Hot. Requested at 2018-08-08:08:08:08)
>All nodes will have a slightly different string, and you can't reliably use arithmetic to determine who's right. At best you'd have to create something using Levenshtein distance or more advanced NLP.
>Of course you can have an adapter with a parser for the string, but 1. you have to ask node operators to use your adapter or create their own (and therefore create an incentive for it) 2. how does that work, say, if your transferring base-64 encoded binary data or more complex string?

I don't think Chainlink can automate a description of the weather. Aggregating "the weather is hot" or "it's fine" or "it's too hot" is impossible unless you use AI. You could aggregate more concrete strings, such as names. Who won the world cup 2014? You can check for Germany or germany, and using the mode to aggregate. Everything else is wrong, even if it's just misspelled. Or you could provide a list of possible answers (all countries in the world) and give numerical values to them, again using the mode to determine the consensus. This is possible for every question with a discrete answer-pool.

If you ask chainlink for "what's the best poem of Oscar Wilde" you will need an insane aggregation system. I don't think that's feasible.

But isn't 99% of all functionality numerical values or booleans?

>>10027769
>Maybe such sites will for data that is highly in demand, but it won't for a lot more use cases that are more specific and therefore limit the adoption of the network. And if you need a centralized sites to aggregate data for you, it kinda beats the purpose of having a decentralized network to query the data. Now the site doing the aggregation can easily manipulate the data. You wouldn't just need one site to offer the historical data, you'd need several for the operation to make sense and have some security. It sounds very redundant and inefficient, not mentioning it's doubtful that there will be a high enough incentive to have several of those sites on the market in the first place.
If the network takes off, this would be an easy way to offer data to chainlink nodes. I think there would be hundreds of sites tracking binance prices. It's redundant and inefficient, but just because binance doesn't offer historical requests. That's their problem, not chainlink's.

>>10027696
I am enjoying the discussion too and wish there was more people debating in LINK threads instead of just the usual $1000 EOY

> If multiple data providers give the "wrong" data and this skews the mean, than this wrong data is actually the correct data.
That is true, I just wonder if this may not put off a lot of people interested in requesting data through LINK because of the security risk.

> Now the case when everybody returns good data, that's a good one. I guess the requesting user could specify how exact the result needs to be. Like for example if you ask for BTC/USD you need to get withing 5 cents. Then if you are less than 5 cents from the aggregated mean OR you are less than two standard deviations you don't get a penalty.
Yes you can come up with accommodating solutions for all party involved, but then you have to create new contracts and the node operators will have to audit it to make sure they're not getting ripped off and you can't expect all node operators to have solidity skills and smart contract auditing skills...

>>10027838
>That is true, I just wonder if this may not put off a lot of people interested in requesting data through LINK because of the security risk.
This is the basic idea of the FUD that was copy pasted a while back about someone explaining chainlink to his boss, who didn't understand it and just decided to use oraclize instead. I think we shouldn't underestimate the power of reputation and decentralization. I might be extremely costly to risk your reputation, just to give bad data to a smart contract you don't even know. But it's also the reason why I really want main net to come quick, I have so many questions about the project and there is just not enough information as of now.

>>10027838
>Yes you can come up with accommodating solutions for all party involved, but then you have to create new contracts and the node operators will have to audit it to make sure they're not getting ripped off and you can't expect all node operators to have solidity skills and smart contract auditing skills...
That's also a valid point. I don't have an answer then.

>>10024677
Kek'd

>>10027665
>Yes, but how do you create a consensus algorithm based on a string converted to a numerical value ?

Quite easily actually but your example is invalid, any contract would be based on a temperature or for example rainfall level with specified units (metric or imperial). That being said their is and has been for a decade conversion casting which allows a sting like '17.02" to be cast as a numerical. It sounds to me that you are trying to talk like a dev without ever having been one.

>>10024507
Does this mean mainnet is close and we will finally see if chainlin Network is adopted, if marketing starts, and if all those imaginary dots weren't so imaginative after all

>>10025000

>>10027939
>Does this mean mainnet is close
It's one day closer than it was yesterday.

>>10027933
What's your take on high reputation nodes giving wrong data?

>>10027778
>Who won the world cup 2014? You can check for Germany or germany, and using the mode to aggregate.

Again as the data source is FIFA ultimately and none other the people running the world cup would have to state the wrong winner, of course you could make your contract that the source was not fifa but something else but that would just be foolish unless you were trying to make some sort of bet on the media reporting it incorrectly, to give yourself assurance you could have the result checked twice at a 48 hour interval is necessary from FITA

>>10027952
>What's your take on high reputation nodes giving wrong data?

Why would they do that? If consensus was against them it would diminish their reputation and cause them a penalty, remember they don't know what data they are processing .

>>10027939
I think it will take several years for widespread adoption bit it will happen, probably with weaker competition in place but once adoption starts it will be unstoppable. I work with logistics and this is literally going to change how your orange juice gets to you, enhance efficiency automate invoice discounting and proof of delivery and effect every portion of the supply chain.

>>10027974
Í'm not sure which part you're arguing here. We're assuming someone uses ChainLink and not the fifa site. Most nodes will use the Fifa site, but spelling mistakes are possible, or some nodes could use other sources, or some nodes could provide false data to exploit the system somehow.

>>10027992
Agreed.

Bad contract bad result, good contract oood result. Contract coders are going to be high earners

>>10028047
>or some nodes could provide false data to exploit the system somehow.

What you are not understanding is the node does not know what it is validating so it cant do that unless it gives garbage for everything it is validating

>>10028070
A node could give good data to everything but one particular request, e.g. "who won the world cup", be it an honest make or someone trying to exploit something.

HOLY SHIT
just look how much shit was added.
September cant come soon enough.

>>10024400
>>10024499
>>10024655
>>10024677
>>10024899
>>10025000
>>10025177
>>10025800
>>10026655
>>10027933
>>10027944
Checked

>>10027933
> That being said their is and has been for a decade conversion casting which allows a sting like '17.02" to be cast as a numerical.
As I've said, you can create a parser to typecast or extract a specific value for the string, but this isn't a generic solution to the problem of handling differences between strings and poses the problem of getting participants to create/use adapters.

> Quite easily actually
What do you propose then? The example is invalid in the sense that yeah, an actual weather API will return numeric data, but the problem it poses is still valid. Say a banking API returns a list of several BIC codes "AAA BB CC DDD", how do you create a generic algorithm for consensus that will work in that case (not only can some BIC codes be different, but some node may have missing values).
The problem is because of the variety of data types available, you can't have a generic consensus/aggregation contract for them. Therefore you need people to create specific contracts and adapters, which brings us back to the point that you can't expect all node operators to have solidity skills and smart contract auditing skills.

>>10027992
> remember they don't know what data they are processing
how do they not know? the URL is in the JobSpec. They can't know for sure if and when they'll be asked to process the data, but once the request is there you can know what you are querying for.
if the number of nodes providing data from a specific data source is limited (as it likely would if there is an adapter needed) then you have increased certainty that you will be called upon to perform the job.

brainlet here, someone plz explain whats goin on, thank you :)

>>10027992
>Why would they do that?
Why wouldn't they if they can profit from it without hurting their reputation?
If you can deliver bad data and get away with it while hurting your competitors, there is an incentive to be malignant

>>10024400

>>10028268
>how do they not know?
The whole process happens in the SGX enclave, which serves a black box. This prevents freeloading and gives people using the chainlink network a guarantee of privacy.

>>10028268
>What do you propose then? The example is invalid in the sense that yeah, an actual weather API will return numeric data, but the problem it poses is still valid. Say a banking API returns a list of several BIC codes "AAA BB CC DDD", how do you create a generic algorithm for consensus that will work in that case (not only can some BIC codes be different, but some node may have missing values).
Just give very clear instructions in the SC what kind of input data you want, and then use a boolean approach, using the mode of the results to determine what is correct and what's not.

By the way, check this out:
https://www.ingentaconnect.com/content/hsp/jdb001/2018/00000002/00000004/art00005?crawler=true&mimetype=application/pdf#Refs

>>10028313
No it’s not just privacy, it’s tamperproof as well.

>>10028334
You're right.

Also, some stupid FUD: trusting SGX is trusting a centralized provider of hardware.

>>10025880

>>10028345
I mean we all use planes and trust them to work. Same shit.

at this rate its still $1-2 EOY.

>>10028567
Who even cares? They stated months ago they wouldn't promote until main net. We're all waiting for main net. They're working their asses of for main net. The only reasonable FUD you could give is they are not capable to pull of the daunting task of solving the oracle problem or the fact that Sergey is ghosting us all. Both are legit questions you should ask yourself, and determine whether or not you should invest in chainlink or not. Obviously a lot of anons think they can do it, and believe in the team. I'm not saying you should, and I personally don't think it's okay that Sergey leaves us all hanging out to dry. I also have my doubts about the size of their team (purely quantity, not the quality). This is the reason I'm only 20% in chainlink right now. If and when they get closer to main net, release working aggregation and or reputation, if and when Sergey starts acting like the CEO he is, is when I will go heavier in the project. I might miss on out on maximum gains, but I don't want to be stuck with enormous blueish cube sized bags if some other team 1-ups them.

>>10028296
>Why wouldn't they if they can profit from it without hurting their reputation?
How would the bad actor know how many nodes and how much link staked the smart contact creator specified to fetch the the data?
It could be extremely costly and risky trying to weigh down the answer to your favor if there are other, let's say 1000 node operators that have an answer different to yours.

>>10028567
That would be awesome

>>10028567
I'm rich af at $3 per link

>>10028567
>breaking even by EOY

s-stop playing w-with me

>>10028682
Yep, that’s 5-10x from here would be a huge result

>>10028670
> How would the bad actor know how many nodes and how much link staked the smart contact creator specified to fetch the the data?
It's been stated in the slack that there will be lists of available nodes, I'm guessing something like the one iota has: https://iota-nodes.net/ although thomas mentioned that the list will be maintained by the community, not the team. I'm
I'm guessing the adapters available on the node will be listed, as otherwise there's no way to check that you are indeed getting an aggregated response.

> https://www.ingentaconnect.com/content/hsp/jdb001/2018/00000002/00000004/art00005?crawler=true&mimetype=application/pdf#Refs
Yes, I'm hoping a marketplace for such templates will be available. It's still an added technical hurdle and will take time to be deployed.

>>10028879
whats rich as fuck to you?

Just found out about link yesterday and bought my first 30k LINK. Just getting into cryptocurrency. How'd I do? Bet I'm a linklet though compared to you guys who have been following since January...

>>10028879
anyone who are selling at 3$ will kys they will be like selling eth at 10 $

>>10029014
below 10k's are linklet 30k is comfy above 50k is making it early edition

>>10029042
I think the appropiate move is to DCA every so often until Sep; I think theres good odds this market just continues to bleed out

>>10029042

you do realize this is a very high supply coin right? You're not gonna make it with 50k. At least 200k to make it I'd argue.

>>10029216
>tokens being locked up in nodes are taken out of the circulating supply
we've been over this anon

>>10029134
>I think theres good odds this market just continues to bleed out
same. im feeling that fomo feeling but dont trust the market right now

i finally did it lads. started late march when btc was at 9k and dca'd down to 33 cents. feelsfuckinggood

>>10029216
Depends on your definition of "make it". That shitcoin EOS has 900,000,000 tokens and it hit $20. I'd consider $1,000,000 "making it" in 95% of the world, so 50k Link would be plenty. You might want to get it to 65k if we're assuming $20 Link in order to have $1,000,000 after taxes though. I expect to see Link hit $50 eventually though.

>>10029316
why is eos a shitcoin?

>>10028682
If you have 500k-1million LINK tokens yeah its awesome..

This is Steve and Dimitri's project now.

I'm unsure why Sergey is idolised at this point other than being an interesting speaker. We can't prove Sergey has done anything since SXSW.

He is a concept at this point, he simply doesn't exist.

>>10028998
12 million give or take

>>10029455
are you holding a big stack? at 3$ you must have put a lot of cash up

>>10029292
I want to buy more but no one is buying the stuff im selling :(
(im talking about instruments, tiny country)

>>10029445
There is an idea of a Sergey Nazarov, some kind of abstraction, but there is no real him, only an entity, something illusory; and though he could hide his cold gaze and you can shake his hand and feel flesh gripping yours and maybe you can even sense your lifestyles are probably comparable: he simply is not there.

>>10024775
I'm sure it can request data from a specific point in UTC time. That way it's super precise.

>>10029504
>tfw i actually feel this way

>>10029532
You have borderline personality disorder
Congratulations!
It's shit

so there's a 170K sell wall placed at 3019 sat.... been there for a while now

>>10029561
i dont know what to say to this

what are the chances of LINK becoming the standard for decentralized oracles? anything i should read?

>>10029375
https://github.com/EOSIO/eos/blob/37ce45c0b60d2710569c2d1a9229945cc0e855a9/governance/constitution.md

>>10029566
That's right paco, there's a better life on the other side of that wall and it's not for you.

>>10024400
OP we have a small telegram group if you want to join send me an email.

Serious discussion and info sharing. No P&D and cringey shit.

Put in the email a code , post the code afterwards on 4chan. That way we know for sure that I'm adding you.
tathguy@protonmail.com

>>10029609
higher than eth becoming the standard platform

>>10029609
> what are the chances of LINK becoming the standard for decentralized oracles?
good, since there's no serious and/or talented competitor. the problem is will we ever see mass adoption for a decentralized oracle network?
the answers:
- not if smart contract don't see corporate or mainstream adoption (more likely than people here seem to assume)
- not if something better than blockchain (hashgraph, radix...) ends up being the DLT of choice
- not if most people are fine with a centralized oracle service or one they built (which isn't hard to do: https://medium.com/@mustwin/building-an-oracle-for-an-ethereum-contract-6096d3e39551))

>>10024431
Fuck your faggoty gaymer discords. Just fuck you man. Fucking discord kids I swear just all of you kys.

>>10030216
The DLT of choice is ethereum , hyperledger . Maybe Corda / stellar / Cardano. Maybe.

Smart contracts will get mainstream adoption that’s an obvious given, question is when. There’s too many cost savings to be made. Also intel is heavily invested into SGX, and other companies are actively pursuing Blockchain tech. Radio and hashgraph might have came out too late. Everyone is already developing on other platforms.

>>10029987
mira chica, take ur dick outta of ur ass. You don't know if how much link i own, don't assume shit

>>10030264

> Also intel is heavily invested into SGX
Smart contracts are only one of the many different applications of SGX though, and blockchain is not the reason why Intel developed it in the first place.

> Smart contracts will get mainstream adoption that’s an obvious given, question is when.
Yes, but you could say the same thing of autonomous driving, flying cars, asteroid mining, etc... Of course these technologies will revolutionize the world and everybody will want to use them if they can be perfected and properly implemented. Whether SCs will technically be able to deliver on what it promises is a matter of when, but it may be another couple of decades...

> The DLT of choice is ethereum , hyperledger . Maybe Corda / stellar / Cardano. Maybe.
It is for now because nobody is running more than a few basic POCs on them. Whether they can scale, even in a private iteration, to handle the heavy flux of transactions corporations would need is another question. Hence why I'm thinking Radix and Hashgraph still have a good chance of supplanting existing DLTs, but granted this is more hypothetical than the two other hurdles.

>>10029468
Are you serious? Everyone here has 100k+ link it's been 9 fucking months that's around $1500 a month investment. Not really that much if you didn't buy the top or just get into crypto last year. He's probably just got a decent stack size like the rest of us.

>>10030216
This seems right now. IF SmartContracts see major adoption in the B2B space, then I argue for ~95% chance that Link becomes the standard for at least the next few years
1) For all the fud, I'm convinced based on what I've read here that they ALREADY have major partners currently behind the curtain ready to adopt
2) Not aware of any other competitor that is remotely close to them

> the problem is will we ever see mass adoption for a decentralized oracle network?
the answers:
>- not if smart contract don't see corporate or mainstream adoption (more likely than people here seem to assume)
Agree that this is the biggest stumbling block -- it's like predicting the iphone in 1992 (which a few people at, e.g. the MIT media lab did) you are right in direction but wrong in the timing

>- not if something better than blockchain (hashgraph, radix...) ends up being the DLT of choice

Don't know enough about this so thanks for mentioning, anon. I need to go research this.

>- not if most people are fine with a centralized oracle service or one they built (which isn't hard to do: https://medium.com/@mustwin/building-an-oracle-for-an-ethereum-contract-6096d3e39551))

Disagree with this. The TECHNOLOGY of an oracle isn't that hard to build, the question is can you TRUST the oracle. I would argue that the WHOLE POINT of blockchain and DLT is that it uses decentralization to CREATE trust. So what link is doing is EXTENDING this approach to OFF CHAIN information. Using DLT to generate trust but then CENTRALIZING the data from a centralized oracle seems pointless.

Anyway, thanks for informative post, anon.

HOLY FUCK GOYS STEVE "THE CHAD" ELLIS IS WORKING RN

LINK 10000$ EOY

>>10029468
he's LARPing, there are only 3 wallets with ~4 million linkies

>>10030465
Smart contracts are reality now, although not very useful yet. Comparing their development status to asteroid mining is silly

>>10029609
>Radio and hashgraph might have came out too late.
It's not too late for any platform, the platform that solves scaling and has an ecological consensus mechanism wins.

123456

Well well well

>>10028086
>the node does not know what it is validating

>>10028268
>>10028268
>What do you propose then?

well as any dev would say, the data type is a parameter, it has to be anyway....number of decimal points for instance

>>10030761
So this just popped up in the pivotal tracker: They want to generate ID's for every query, so different nodes know it's the same query. Now, they want to randomly generate an ID, but they need random input that then is scrambled. This random input is easily found by using the input parameters.... and here they give something away. They are planning on offering different aggregation functions, just like we discussed in this very thread.

>>10028312
you are literally retarded, not just a bit dumb but actually retarded no matter why you are posting that shit in this thread the result is the same, you are retarded

>>10030763
But the node is programmed. I could make my own node give data from API's I found, but add

if{question=="Who won the world cup"
then{return "Brazil"}}

to somehow exploit something somewhere.

>>10029292
congrats anon.

>>10030679
>Smart contracts are reality now, although not very useful yet. Comparing their development status to asteroid mining is silly

Maybe, but the general point is that Smart Contracts MAY represent a big disruption to lots of established players who like things just fine the way they are, e.g. big banks, big insurance companies, big law firms, who may not be so eager to embrace more transparency. OTOH
I am confident of the following though
1) Smart Contracts will lead to at least 20% cost savings in the short term (99% confident)
2) They can be implemented in a small way -- this is actually the biggest part -- I think they do NOT need all the players to agree -- can be started as pilot projects.

And that once the costs savings, in the form of faster transactions, fewer errors, less headcount (some of which is very expensive headcount, e.g. in-house lawyers) required to monitor transactions then most of the players will HAVE to embrace smart contracts just like shipping companies embracing the shipping container.

>>10029292
Yes congrats. Just took advantage of this latest dip to get up to 25K. Going to keep dca'ing every month.

>>10030822
you don't even know what the request is until its made a node is a black box requests come in data goes out watch the sgx presentation not in relation to sgx but how this aspect of nodes works

>>10030921
I'm just buying a 1000 euro a month while its under .30

>>10030962
Yes, I keep telling myself that's what I should do -- just buy $1000 per month.

But then I keep going on to threads like this, and letting my emotions take over and fomoing in. Need to be more disciplined, especially because i am a freelancer who gets paid by the hour. So, rationally, I would be better off doing more paid work so that I can buy more link rather than fucking around on these link threads on biz. But I just can't stay away....

>>10029445
Chainlink has two teams: development and business development.

Sergey, Daniel Kochis and Mark Oblad are working on clients for mainnet. By all accounts Sergey is a workaholic - will be interesting to see what they've achieved.

>>10031002
Been buying $1200 a month for 6 months if it was under 50 cents and I have 80k link.

>>10031033
>Been buying $1200 a month for 6 months if it was under 50 cents and I have 80k link.

your math doesnt add up even if you bought all your link at .18 cents you still would only have 40k link

>>10031185
>your math doesnt add up even if you bought all your link at .18 cents you still would only have 40k link
You're assuming he started at 0. Maybe he bought a big stack but then started dca'ing after that.

>>10031033
>tfw no steady income

feels like complete and utter shit

august

>>10030328
Odelay essay vato loco, you've migrated into the wrong neighborhood homes.

>>10030925
But you don't seem to understand how nodes work.
Right now you're getting a clear text request with the API endpoint and the job details. You know exactly what data you have to return and where to get it from.
This might change with SGX, but not all nodes will be required to support it.
Right now the node knows all about the data, just run one, connect it to the testnet and see the logs for yourself.

>>10030783
That does not answer the question at all. Especially for the case where data is of a non-numeric type

>>10025979
okay, this is epic

>>10030679
>Smart contracts are reality now, although not very useful yet. Comparing their development status to asteroid mining is silly
Asteroid mining is a reality too we've sent probes to minor planets and comets for quite some time, it's just too costly and unpractical to be fully implemented.
Granted the analogy is not the best, but SCs as they are now still have a long way to go before adoption due to security risks, scaling problems, development costs, required changes of infrastructure, disruption to corporate hierarchy, etc...
In theory, SCs are great (and we're all made of cheese), as they can be implemented with the current limitations on the tech, they might still be less than ideal compared to existing solutions.

>>10031828

slipping in that nod to our theoretical existence as cheese. i like u anon

>>10030793
im pretty sure different types of aggregation is discussed in the whitepaper? why are we having this discussion?

>>10025000
>That's not aggregation, that's just averaging the price on all exchanges.
kek. averaging is fucking aggregation divided by the number of inputs with the outliers removed

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

I CANT TAKE IT ANYMORE

ARE WE GONNE BE RICH

IS IT JUST A MEME?

SOMEONE TELL ME RIGHT NOW

>>10032262
Yes, the fact that there is this much discussion after 9 months is promising, I don’t understand most of it although I try. I rest assured that the smartest minds in the space will work out the details.
I’d be happy with $3 EOY, but we never know. I’m in it for the long haul anyways (staking).

>>10032733
You realize there is a lot more to running a node than just staking, right?

>>10032226
Yes and how do you remove the outliers when all the nodes return correct (yet slightly inconsistent) data ?
You would effectively be penalizing nodes that returned correct data.
And consider this: Since the only practical way to set a threshold for what constitutes an outlier is to let the data requester specify it, what's stopping him from specifying a very narrow interval that will penalize many nodes (and make him richer while also getting correct data he got at a discount because he only paid a few nodes)?

>>10032733
protip: the "smartest minds in the space" don't LINKpost on /biz/

>>10032973
I plan on using a pool

>>10033046
I was referring to the team, Ari Jeuls, Evan Cheng, et al

>>10033046
Rebecca please, your last protip was how to use Crest Whitening Strips to bleach your asshole.

>>10033046
>protip: the "smartest minds in the space" don't LINKpost on /biz/

I'm not sure this is true. I think Biz is like grand central station, or maybe times square (1975 times square not disneyfied times square now) -- lots of people come through here. Lots of shit heads too, but lots of smart posters here as well.

S C A M

>>10024775
the problem of aggregration was solved in the 1700s you fucking mong:

https://en.wikipedia.org/wiki/Least_squares

>>10031002
Not sure why, there is very little info of value. I find myself here more than I should as well.

>>10033839
>Not sure why, there is very little info of value. I find myself here more than I should as well
There is a lot of shit to wade through, to be sure, but every once in a while I run across info that I don't see anywhere else.

In another thread, one anon said that biz appeals to the non-normies, which means both (1) reall smart people and (2) lots of dumbshits.

>>10032733
Checked

>>10033487
wrong
just have to find them amidst the sea of shit, teenagers and keyboard badasses

>>10033046
look at the reportix speech
people think that theres going to be some magic here, but youre missing the point
the decision is automatic execution versus human being looks at it and decides execution
that problem is really fucking easy and still lets 90+% flow through without paying someone to look at them

>>10033046
Im assuming what constitutes 'wrong data' will be more important ie a percentage deviation from the mean. Something node operators could agree on before hand. One more thing.. am i brainlet for thinking that even a single centralised data source can be used to feed data to multiple nodes.. which then write? You have a third party api.. you have a contract.. but you cant trust a single oracle so responsibilty for writing is shared amoung many. In this case it going to be very easy to spot wrong data. Are we correct in assuming 10 oracles providing btc prices from 10 exchanges is one use case... and 10 oracles providing btc price from one exchange are both valid but separate use cases?

>>10034127
im drunk.. so pardon the world salad at the end. 10 exchanges and 10 oracles... 1 exchange and 10 oracles.. 10 exchanges and 100 oracles?

>>10034050
>wrong
I think we are agreeing desu.

>>10034127
Yes.

>>10033046
yeah they don't LINKpost on /biz they're building LINK and other essential projects lol. These networks need to bootstrap off of people like us. You know, the people who run the very first nodes...

>>10033803
top kek to you

>>10024762

I just have a question, is Link going to be big or not? Seems like a project that is critical to successful adoption and use of block chain, especially ethereum. What say you anons? Is it huge or are we dreaming?

>>10034554
LINK will change everything: our lives, smart contracts, human governance, financial systems, warfare.

owning LINK is like owning all of california before the gold rush. we're the winners in life, and some of us dont even know it yet....

>>10034554
>I just have a question, is Link going to be big or not? Seems like a project that is critical to successful adoption and use of block chain, especially ethereum. What say you anons? Is it huge or are we dreaming?

Anon, there are about 1000 super autistic anons on here every day arguing the subtleties of how link fits into the new mongolian data protection standards for yak shaving set to go into effect in 2037, what kick ball team Rory played on in 3rd grade, and how they can increase their stack by 27 link. I've never seen a more insane bunch of ravening autists, and that includes star trek conventions. Even the fudders are on here fudding nonstop. I don't know if link is going to be big, but I know the collective jungian unconscious that is 4chan has made up it's mind. And I know that I am organizing my life around figuring out how I can get 1000 more link before main net.

Lads I'm about to buy another 50k LINK. Then I will be in the top 150 wallets.

dead shitcoin and the fact the "4chan Hivemind" (in reality it's a small amount of newfags, most anons have link threads filtered) is the only group obsessed with it means it should be avoided
no different to Blackmoon and all the other super shilled icos from around that time.. it's just that the discord pajeets went all out to create a cult of bag holders who will buy at $1+ and never sell even when it dumps back to ico price

>>10034554
case in point, anon.

This anon probably has about 50K link or more.
>>10034802
How much do you have anon. Don't lie, anon, lying is not allowed on biz.

>>10034795
Congrats man. I'm done buying at 30k

Remember that guy that said he was gonna start a massive shill campaign off /biz/, starting yesterday? Anyone see anything about that?

>>10033460
Y-you can do that?

>>10034836
>Remember that guy that said he was gonna start a massive shill campaign off /biz/, starting yesterday? Anyone see anything about that?
That guy had to go somewhere, anon. But don't worry, he's living on a farm somewhere.

https://www.theonion.com/we-gave-rex-to-a-nice-farm-family-vs-they-had-me-put-t-1819594265

>>10034836
R: 216 / I: 20
Steve Ellis...you so sneaky: Click history

What do you think this is?

>>10034836
He ended up making a shitty larp yesterday about being muh bank exec quitting muh job to all-in Link while living in Thailand, Kek.

>>10035242
He said it wouldnt be a post on /biz/, since we are already redpilled, it wouldnt matter.

>>10034608
You need to calm the fuck down and maybe think of ways LINK will fail and stay level headed mother fucker.

>221 replies for another link thread
Check price it's down to 17 cents kek

>>10034802
this whole 'chainlink is a year long discord pnd to trick newfags into losing money' thing is so beyond retarded. I miss the days of sergey eating big macs and fucking ladyboys in thailand that was both funnier and more believable.

>>10034608
Hope you are right bro Anon, currently sitting on about 65k Link. Needed a hair brushing. Thanks.

>>10024950
>all FUD was just me guys and I am ALL IN
*Le Sigh*

>>10035477
Responding to stale pasta

>>10024976

I saw Sergey Nazarov at a grocery store in New York yesterday. I told him how cool it was to meet him in person, but I didn’t want to be a douche and bother him and ask him for photos or anything.

He said, “Oh, like you’re doing now?”

I was taken aback, and all I could say was “Huh?” but he kept cutting me off and going “huh? huh? huh?” and closing his hand shut in front of my face. I walked away and continued with my shopping, and I heard him chuckle as I walked off. When I came to pay for my stuff up front I saw him trying to walk out the doors with like fifteen Milky Ways in his hands without paying.

The girl at the counter was very nice about it and professional, and was like “Sir, you need to pay for those first.” At first he kept pretending to be tired and not hear her, but eventually turned back around and brought them to the counter.

When she took one of the bars and started scanning it multiple times, he stopped her and told her to scan them each individually “to prevent any electrical infetterence,” and then turned around and winked at me. I don’t even think that’s a word. After she scanned each bar and put them in a bag and started to say the price, he kept interrupting her by yawning really loudly.

>>10036022
You may not know this, but Sergey is actually a pretty decent golfer. I remember last year attending an event at the American Cup. I was part of his crew at the range and let me tell you, we were in Awe when he whacked a ball 572 yards. It was incredible.

What's even crazier is what happened next. Tiger actually walked up with a bucket of balls, apparently getting ready for his comeback at the Masters. Sergey looked at Tiger and said "Man that's all you ever do is practice. Practice, practice, practice." Tiger looked at him and said "Well if I had your talent Nazarov I wouldn't have to practice so much."

Crazy.

>>10024400
>https://pivotaltracker.com/n/projects/2129823

>>10033487
I like this analogy. All walks of life are on 4chan, which is something many people tend to overlook. There is some incredible knowledge and resources to be found here, if you know how to look for it.

>>10037143
Thats a healthy lookin' boy

>>10034987
I haven't tested Rebecca's assertion but I assume it'll turn your brown eye pink. She isn't one to just say things willy nilly.

how my thread still active? Is it too late for a bedtime story?

>>10037669
you guys want the bedtime story in here or new thread??

>>10037682
Here is good.

Its pretty fucking big...ok..drop coming in 1 min

Big 4 firm EY partnering with Microsoft (and other blockchain companies!) for smart contract based royalty project. Their fucking info-graphic is using chainlink art ffs. Read and watch below and you will begin to realize how big chainlink is going to be.

https://www.ey.com/gl/en/newsroom/news-releases/news-ey-and-microsoft-launch-blockchain-solution-for-content-rights-and-royalties-management-for-media-and-entertainment-industry

https://www.bloomberg.com/news/videos/2018-06-20/how-ey-and-microsoft-are-unlocking-new-uses-for-blockchain-video

Made new thread for visibility

>>10037821

>>10037783

>>10030761
>tfw he's in this thread right now

>>10035333
biggest problem with LINK is how much all these on-chain contracts like aggregation and reputation will cost the users and node operators. no one wants to be spending a buck each time they fetch data

>>10025979

>>10024400
coinlet here, whats happening?

>>10037783
DELET THISSSS

>>10029445
cause sergey networking is fucking great.

>>10024762
KEkked

I like link but meanwhile gravio just released euro, usd and rouble trading pais and is going to be the first realtime system offering crypto/oil/gas trading pairs based on realtime production statistics

>>10038785

And all of this is there, now actually happening.

>>10031002
fucking around these link threads and getting paid for it

t. me