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/biz/ - Business & Finance

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11184361 No.11184361 [Reply] [Original]

>Blockchain technology promises to revolutionize business by creating smart contracts that, unlike paper contracts, are impossible to breach. However, up until now, smart contracts are completely isolated from the rest of the Internet. This is called the oracle problem

>But relying on a single oracle completely defeats the point why smart contracts are used in the first place. It’s not “trustless” and leaves too much space to contestation, repudiation and tampering

>The solution: a decentralized oracle network. Witnet protocol connects smart contracts to any data source available online. Sport results, stock prices, weather forecasts or even other blockchains. The protocol works thanks to a distributed network of mining nodes—called witnesses—who earn Wit tokens as a reward for retrieving web data and reporting it directly to the smart contracts. Witnesses are also in charge of validating transactions in the network and bundling them into blocks that get appended to the blockchain periodically. In doing so, they collect transaction fees and block rewards

>The probability for every witness to be assigned tasks or mine new blocks is directly proportional to their past performance in terms of honesty: their reputation. Witnet protocol is designed to make Wit mining viable even on commodity hardware, thus guaranteeing fairness and decentralization. Data provided by Witnet is reliable not because of authority but because it comes from anonymous witnesses who are incentivized to remain honest and to compete each other for rewards. In addition, veracity of this data is guaranteed by a consensus algorithm that detects fraudsters, who are immediately punished. Witnet complements and completes all existing smart contract platforms like Ethereum thanks to “bridge nodes”

https://www.youtube.com/watch?v=wEtOiStvQoU
https://witnet.io/static/witnet-whitepaper.pdf

>"In terms of how we're approaching the issue, we're in a much stronger position than Chainlink"

$0eoy

>> No.11184383

Their testnet isn't even going to be launched until end of 2019....they are not a threat to Chainlink whatsoever.

>> No.11184384

>Putting credence into something said on Telegram
>Trying to use this as Chainlink fud

Why don't you just accept the fact that you'll never be successful at anything? I'm serious.

>> No.11184393

>chainlink btfo
>shilling your shitcoin on the shoulders of chainlink
pick one

>> No.11184527

>>11184361

1. any project that doesn't even have a roadmap yet but tells its followers they are in a "much strong postion" then chainlink who has been developing the decentralized oracle network for almost 10 years is full of shit. investors beware.

2. Its clear where the trend is going for Crypto. Platforms were very much 2018s darlings but then led us into a crash. You have to be stupid and fool to chase another "Ethereum Killer" heading into 2019. Get ahead, and go all in Chainlink. Decentralized Oracles are gonna be the hot topic the next two years. And everyone is gonna think they have the next "Chainlink Killer"

>> No.11184551

>>11184361
when sergey isn't getting in an argument with money skelly over ETH being a shittoken, jacking off to shota and shadman, or eating bigmacs, Sergey goes to a place called decentralized drinks in SF and gets several McNuggitinis where he drinks all night long and complains about /biz/, memes, and the inability to exit scam.

So he makes sure uber eats 2 McNuggz (plus more for snacking)
1 tub McDonalds Brand Barbeque Sauce (plus more for licking off pinky finger)
1 lg. Mcdonalds Brand Chocolate Milkshake (plus more for bringing all the boys to the yard)
1 bottle Vanilla Vodka (recommended brand: Absolut)

Open the McDonalds bag. Eat one McNugg each, followed by two bites of the Filet-o-Fish (make sure you don't tell anyone that you eat Filet-o-Fishes).

Mix three or four shots of vanilla vodka in the McDonalds Brand Chocolate Milkshake, followed by one shot each directly into your mouth.

Rim each martini glass with McDonalds Brand Barbeque Sauce, and pour milkshake/vodka mixture into the glass. Garnish with a McNugg (which is to be swiped along barbeque sauce rimmed glass after the milkshake has been finished, and consumed with pure, unadulterated glee).

>> No.11184568

>>11184361
thanks just shot my load to tranny porn

>> No.11184569

>>11184361
>>"In terms of how we're approaching the issue, we're in a much stronger position than Chainlink"
Wow a literal who said some shit in a telegram page, I hope people aren't this fucking retarded to actually go into this over Link.

>> No.11184574

>>11184361
I feel bad for you man, seriously

>> No.11184579
File: 93 KB, 726x1024, 1523211968955.jpg [View same] [iqdb] [saucenao] [google]
11184579

>>11184361
>random witnet admin thinks witnet is better than the competition

how will chainlink ever recover?

>> No.11184591

>>11184361
did they had a poc with swift?
no
oh well

>> No.11184606

Thanks, just sold 100k

>> No.11184631

>>11184361

>>"In terms of how we're approaching the issue, we're in a much stronger position than Chainlink"

Thanks just sold all my chainlink, when and where can I buy this?

>> No.11184632

Can someone link me to their github? I’d like to see their work

>> No.11184646
File: 3.53 MB, 279x220, 1537146212416.gif [View same] [iqdb] [saucenao] [google]
11184646

>> No.11184759
File: 228 KB, 640x1136, FF938866-C469-478E-A83D-BE81284704B1.png [View same] [iqdb] [saucenao] [google]
11184759

Lmao the group is full of fake accounts

>> No.11184777
File: 108 KB, 1992x716, lmao.jpg [View same] [iqdb] [saucenao] [google]
11184777

>>11184632

>> No.11184783
File: 25 KB, 400x386, 1537674008489.jpg [View same] [iqdb] [saucenao] [google]
11184783

>>11184759
>Norma
Its like they're not even trying

>> No.11184798
File: 1.99 MB, 2100x1500, 1537323293533.png [View same] [iqdb] [saucenao] [google]
11184798

>>11184361
>lazy competitors trying to siphon off a little bit of link's momentum with big talk

bullish as fuck

>> No.11184815

>>11184777
checked
rekt

>> No.11184824

>>11184632
>>11184777
https://github.com/witnet

>> No.11184825

>>11184361
LINK IS THE STANDARD. This literal who James Moreau is clout chasing. All these lousy projects can do nothing but hack at Chainlink in hopes of reaching their level

>> No.11184915

>>11184824
My bad

>> No.11184922

>>11184824
Pivotal tracker?

>> No.11184938

>>11184922
Kys pajeet

>> No.11184954

>>11184938
Thanks just bought 100000 kms

>> No.11185048
File: 66 KB, 484x276, ukuKEKele.png [View same] [iqdb] [saucenao] [google]
11185048

>>11184361

https://witnet.io/#/team
>amateur ukulele player

This is big, i think this skill is better than professional Big Mac eater. Mainly for solving an oracle problem.

Anyone feeling the same ?

>> No.11185182

>>11184759
>Lmao the group is full of fake accounts
How much link for wendy as my gf?

>> No.11185354
File: 9 KB, 235x214, 1537310329524.jpg [View same] [iqdb] [saucenao] [google]
11185354

>>11185182
>Selling link for a depreciating asset

>> No.11186408

>>11185048
Fuck, Chainlink is kill

>> No.11186657

>>11185048
ITS FUCKING OVER

>> No.11186715

>>11185048
HAHAHAHAHAHAH

>> No.11186754
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11186754

>>11184361
They’re going to need Lenocinium.com’s help if they want they meme influence

>> No.11186791
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11186791

>>11186754
kek this