/biz/ - Business & Finance

>>10761045
old crap

Shhh dont let the stinky linkies know that they are bagholding vaporware

>Do you even know what sybil attacks are?
No.

Still holding 10k in LINK - because a brainchad like me knows gut instinct is more important than nerd science.

When I make it, and you don't, I will have no regrets.

>>10761045
>sybil attack
There it is again. The parrot speaks.

>>10761045
4chanBiz CopyPaste #6

A drawback of an anonymous image board is that people who are selfish, dishonest or otherwise undesirable can’t be avoided. If you give forum to the best thought you must also tolerate the worst. A common example of this is small people finding out about a project or idea put forth by great people. They then make it “theirs” in a desperate effort to have some kind of identity outside of the poor one they’ve earned. Those people then spend their time trying to keep others away from “their” idea or project in hopes that the fleeting feeling of worth they are leeching off the idea or project will last. It is, of course, a losing battle. The best way to dissuade this kind of behavior is to point it out directly, just as light causes cockroaches to scatter.

>>10761045

>Guy admits he's done zero research
>Admits if oracle problem is solved, it will be worth more than all of crypto today.

This guy will cry later.

>>10761045

Wow he sounds really smart and knowledgable about LINK and Sybil attacks in general.

>>10761238

Checked. Hey Chad.

>>10761045
Be sure to keep watching. Right after the Chainlink part they talk about male lactation.
He is right about sybil attacks though, sorry Linkers.

he thinks oracles would be worth more than crypto, yet he hasn't researched proposed solutions because 'bitcoin doesn't do it, so therefore it is impossible'
i hate smug fat fucks who got rich and have no curiosity

>>10761442
link is fucking great by all means don't buy cos I am

This fat POS has BTC so deep into his anus he doesn't even know wtf hes talking about

>>10761045
ancient and gay. take your suitcase elsewhere. cocksucker

>all of this organized fud merely a day after announcing they will start marketing.

How entertaining.

>>10761045
lol this guy is garbage

do people actually respect this scarflard's word?

that entire segment where he talks about how he parties is complete bullshit. theres just no way 7+/10 girls would hang with this weirdo

Can someone refute this fud though? Aren't sybil attacks still a legit concern?

>>10762063
white paper read it

>>10762063
They're addressed in the whitepaper

I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have high reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Ethereum hit. Happy gambling though anons.

>>10761045
You would need so many nodes to pull that off. Good luck

>>10762150
Reputation farming. Remember that Redditanon who debated Thomas ?

>>10762162
No I haven't seen that actually. You got a link?

>>10762181
https://www.reddit.com/r/LINKTrader/comments/8x553t/attack_by_nodes_security_of_using_cl/

>>10761045
>Decentralized oracles don't work
Neither does decentralized internet money. Buy gold you stupid zoomer.

>>10762196
Shit. I guess the only real solution that I can think of (not too familiar with trusted hardware mentioned in the thread and whitepaper) would be completely random selection of nodes, but that would deincentivize potential node operators.
Going to have to read about what they mean by trusted hardware.

>>10762275
Random nodes with minimum reputation maybe? I think random nodes would be ideal for decentralization but there must be a drawback I'm not aware of

>>10762275
Scratch that, that would be a issue for reputation similar to credit. How can you build any without any.

>>10762196
>On the 4 points you gave... I want to reject them.
I dont know how you could think this guy "won".

why are you taking some fatso who cant even eat or workout/live a healthy lifestyle seriously?

>>10761442

He's all in on bitcoin, I don't think he's interested in researching other coins. Basically nothing new to see here, just another bitcoin maximalist(shill). NEEXT!

This is my first time thinking about this problem but I'm pretty sure that using the enclaves revolves or prevents a sybil attack from being even possible.

someone pls correct me if im wrong.

>>10761045
>he posted the breast milk fetish again!

>>10762424
the whitepaper says you're correct

>>10762071
>>10762070
I'm brainlet

Is the whitepaper bulletproof? Meaning, is there any legit weakness in the link project?

>>10762675
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have high reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Eth hit. Happy gambling though anons