/biz/ - Business & Finance

>>10128927
>oracless smartcontracts.

Holy shit you're a brainlet. You will need an oracle if your smart contract deals with any information off the chain. If you have a smart contract without the need of an oracle simply create one using Ethereum, but your options on what that smart contract can do is severely limited.

For your sake I'm saging this to save yourself the embarrassment of your thread getting bumped to the first page.

>>10129183
>Holy shit you're a brainlet. You will need an oracle if your smart contract deals with any information off the chain

Only if you use smart contracts on a shitty chain like Ethereum. If you use a smart contract platform like Codius you don't need oracles retard.

oracles are a meme
if a smart contract depends on external data or arbiter, both of you choose a transparent dataprovider beforehand and accept whatever outcome is given or dont enter the contract at all

you dont need shit like chainlink, there's no such thing as an objective truth telling machine

two people trying to make a bet on the weather don't need chainlink if they can see a thermometer

whens the last time you disputed the price of apple stock on yahoo finance?

>>10129183
CODIUS
https://medium.com/coil/codius-smart-contracts-made-from-containers-b3b16c3e3890

>>10129354
THIS lmao
link is a fuked idea from the gate. only an obese philosophy school dropout could come up with it

>>10129373
keep fudding, need cheaper linkies

>>10129379
how's 0 for cheaper?

>>10129386
That would be awesome. I could double my stack.

>>10128927
What’s the difference between ETH smart contracts and ChainLink smart contracts? Seems like a shell.

>>10129411
> I could double my stack.
2x0 = 0

let's all buy a token that solves a problem that wouldn't exist if we used a real smart contract platform instead of some half baked highschool tier garbage

>>10129373
chainlink isn't even a working product, it's so stupid, but I should get some cause a lot of people are falling for the oracle meme

what are some actual smart contract use cases that need an oracle?

if you want to know if a parcel was delivered in order to trigger buying or something, you can just look up the post office's database or blockchain, which is what you do now

if you think ethereum is just going to sit back and allow no way for smart contracts to act on external data you're naive, chainlink isn't special

>>10129354
>if a smart contract depends on external data or arbiter, both of you choose a transparent dataprovider beforehand and accept whatever outcome is given
I think this line of argument starts okay, but the oracle market, at least for ethereum, is far from decentralized.

So that means either:
1) Ethereum will implement some oracle system of its own
2) Linky get's stinky
3) Another coin with better oracle support beats ethereum/link to the party and get's first mover

>>10129437
Anything that uses a random number (eg dice game)

>>10129438
>Another coin with better oracle support beats ethereum/link to the party and get's first mover

Why do you idiots all think you need oracles in smart contracts? You don't, it's an implementation flaw in Ethereum and Ethereum clones.

All you need is a byzantine fault tolerant way to query an external service from several independent nodes which are enforcing the contract.

Have none of you looked up CODIUS yet?

>>10129545
Codius works differently than smart contracts in Bitcoin or Ethereum. The contracts run on independent hosts without an underlying blockchain, similar to traditional hosting.

So why the fuck even run the smart contracts on codius in the first place if you can't use the advantages of distributed ledger??

They don't even have a decentralized solution to the Oracle problem.

ETH is still the first mover in the decentralized computation space so gg. ETH and its tokens will handle all the functions these shitcoins want to provide.

So Codius is the new mobius FUD, got it.

>>10129354
Ah my child
"Why use ETH there's no need to run decentralized computation on the blockchain, it's too slow!!"

Learn to understand new technology and make money or be left behind.

>>10129659
>So why the fuck even run the smart contracts on codius in the first place if you can't use the advantages of distributed ledger??

Learn to Interledger Protocol

https://interledger.org/


>They don't even have a decentralized solution to the Oracle problem.

Run your contract on 10 independent codius nodes with a quorum of 6. Each instance of the contract queries the external data source independently. If any 6 instances of the 10 agree on the outcome the contract moves forward with that answer.

>>10129701
Good luck if you really think this is the solution to the Oracle problem. The rest of 4chan is betting on chainlink, there's good reason why.

>>10129446
so it has no real world use? only gambling?
how useless

>>10129438
1) no doubt it will
3) also likely

I don't see anything unique to chainlink, and I don't see much value in using an decentralized oracle for a data provider

>>10129679
eth does has certain use cases like online shops, but for most things it is not suitable, to me it's just a testnet

>>10129757
there is no oracle problem
you cannot give me one use case where you need a decentralised oracle

>>10129787
Literally heres a easy use case. Validating a billion dollar contract. You can't have the inputs and outputs be insecure while you process the data through a highly secure ETH computation.

It's just bad IT security practice to have weak spots.

>>10129354
Kek
LInkies btfo , they have some confidence because of its recent pump. But they quickly forgot the whole month of bleeding.
I've been dumping my insurance stack the past few days

a billion dollar contract for what?
you want a billion dollars of sextoys?

you can verify they were produced/delivered the same way you verify now, using the records provided by 3rd party services (eg. post office, manufacturers)

all you need is a standard format for reading data from the post office either as an DB API or blockchain

how the fuck is chainlink supposed to know how many sextoys were produced or where they got delivered to?

>>10129820
>>10129868

>>10129775
>Data provider, decentralized oracle,
You answered your own question

>>10129886
there's nothing superior about having a decentralised oracle vs a regular data provider like all the web services we have now

give me ONE useful example where one is better

all you need is better record keeping for post offices/couriers and that can be done easily

>>10129679
He's right though, chainlink just adds another complicated step to input off chain data into the blockchain in the hopes that smartcontract.com gets a percentage of every API call fee (look it up, not even kidding).
I don't know why you would need to decentralized inputs, I get decentralizing blockchains but oracles don't need that.

Another episode of dumb brainlet acting argumentative because they're too lazy to do research and hope to find the answers an alternative way

>>10130109
>guys we need to buy ICO scam coin to solve a problem that only exists inside our shitty implementation of smart contracts

kys

>>10130109
bingo

>>10130135
more chinklink bag holders

Anon are you part of the P&D goys that got rekt after yesterday's pump? Ur expecting for it to go down to buy back lower but it didn't, ur not going to make it anon

>>10129856
Practically every alt has followed btc. The whole market was bleeding, but a dipshit like you can't see past your shit fud

>>10130044
>I don't know why you should have a WiFi password, it just adds a layer of unnecessary security. Why not just only allow certain Mac addresses to connect?

Because that's hard and impractical. Just like it's impractical to trust every data provider. It's much better to have a trustless system, this is where chainlink comes in. No single point of failure

>>10129868
Just because it's not being used right now does not mean there are no use cases. We simply can't phantom them yet because this is all new concepts.

>>10129757
Because you’re a bunch of autistic sheep who can’t figure out the difference between a scam coin and a w3c standard?

>>10128927
oi mate get off this bloody website before i grab your nuts and bloody well rip em off your body eh mate get the fuck off piss off you bloody wanker

>>10130219
How stupid are you. You act like I haven't taken that into account. I'm a swing trader and I follow like 10 coins or so closely on binance.

Link and Req both got hit much much harder than the other alts on my list. Even when btc had days where it would bounce up a little link was still bleeding.
Some coins aren't performers and link definitely is one of them. Good news or not

>>10129757
If niggers on /biz/ fall for a scam let them.

>>10130708
Not really, it's more complicated to recoup money when you have thousands of agents that are anonymous than having trusted sources of data that you can sue at the drop of a hat if they provide incorrect data.

>>10129545
>>10129701
Shut up Stefan, Codius is gayer than your haircut.

>there are people on /biz/ not invested in LINK

>>10131137
t. nigger

BCH IS ABOUT TO FLIP BTC.
ROGER VER, JIHAN WU, CALVIN AYRE, THE 8BTC MOD (19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k), JIANG ZHOUER, THE BITCOIN.COM COFOUNDER, THE COINBASE FOUNDER - ALL BILLIONAIRES WHO CAN COMPLETE THE FLIPPENING WITH THEIR OWN CASH TODAY
THEY'RE NOT DOING SO BECAUSE THEY'D RATHER INVEST IN BCH ADOPTION. BCH ADOPTION IS SKYROCKETING WHILE BTC ADOPTION IS DROPPING.
IN A FEW YEARS BOTH ST KITTS AND ANTIGUA WILL USE BCH AS THEIR MAIN CURRENCY (ROGER IS WORKING ON ST KITTS, CALVIN IS INVESTING IN ANTIGUA MORE MONEY THAN THEIR GDP EXCLUSIVELY BECAUSE OF BCH ADOPTION), CRAIG WRIGHT WILL INCREASE TRANSACTION COUNTS BY CIRCUMVENTING CORRUPT GOVERNMENTS IN AFRICA FOR MONEY TRANSFERS (THIS ONE IS NOT CERTAIN BUT VERY POSSIBLE CONSIDERING HIS FUNDING), ROGER IS SPEAKING TO VIP-S EVERY OTHER DAY, INCLUDING JAPANESE BANK CEO-S, STOCK EXCHANGE OWNERS, ETC. BRIAN ARMSTRONG WILL PUSH BCH AND SHIT ON BTC SUBTLY EVERY CHANCE HE GETS, BITCOIN.COM WALLET IS THE MOST POPULAR MOBILE WALLET AND IT LITERALLY SHITS ON BTC, PROPAGANDA/CENSORSHIP EFFECTS ARE FADING, PURSE JUST ADDED BCH MEANING THAT NORMIES CAN USE IT TO GET 20% DISCOUNTS ON AMAZON, KOREANS LOVE BCH AND THEY SEEM TO MATTER AT LEAST AS MUCH AS AMERICANS AND SIGNIFICANTLY MORE THAN EUROFAGS, MINERS ARE LOOKING FOR WAYS TO DESTROY BTC IN THE NEXT FEW YEARS OTHERWISE THEIR PROFITS WILL CRUMBLE, LN IS PROVING MORE AND MORE OF A FAILURE EVERY SINGLE DAY, WRIGHT WILL PATENT-TROLL STARTUPS INTO MOVING INTO BCH, TIPPING ON GITHUB IS NOW POSSIBLE WITH BCH, SMART CONTRACTS ARE COMING IN NOVEMBER, STRESS TESTS ARE A MASSIVE SUCCESS, CHARITIES ARE POPULARIZING BCH IN STRUGGLING COUNTRIES (VENEZUELA TODAY, OTHERS WILL JOIN IN IF TROUBLE ARISES), FREE SOCIETY PROJECT IS PROGRESSING WELL, CIRCLE IS ADDING BCH NEXT FEW WEEKS, AYRE WHO BECAME A BILLIONAIRE FROM GAMBLING IS GOING TO CREATE BCH-ONLY ONLINE CASINOS

>>10130712
it doesn't solve any existing problems
and doesn't let you do anything you can't do right now

GOOD JOB WANKERS

at least ethereum is a good playground for decentralised apps, serverless stores

and bitcoin is uncensorable unconfiscatable money

>>10130708
why do you trust chainlink then? how are you going to know the data they provide is correct
how is chainlink going to know the actual temperature in madrid on april 1?

>>10128927
Can you do this on reddit and shit OP?
I really want my buy order filled.

>>10131653
>I really want my buy order filled.

chinlink bags

>>10130712
>We simply can't phantom them yet because this is all new concepts.

chinese speaker detected
ok mods, that's it, turn the geoflags on, we need to know how many chinese spammers are pumping their shitcoins here

>>10131630
LINK is not an investment, it is empty hype

the state of crypto - when a shitty ICo with no devs can get $100 million mcap.

all these scams needs to be die