/biz/ - Business & Finance

>>11287710
This. Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

Wow, I wish I’d been recording my facial reactions while reading that. That...is not good. I’d really been assuming these two projects would kind of be firing in tandem.

tfw we've been worshipping the wrong cube

The fact a MIT grad thinks this is troubling. Is it possible he's just hyping up his own project?

>>11288011
Fuck them, enigma was never my friend. The audacity of those fucks, "we are not goning to use chainlink" well FUCK OFF then, they need to be put n their place, who the fuck do they think they are to not use chainlink. I'm literally shaking right now

>>11288047
>Is it possible he's just hyping up his own project?

absolutely unheard of in the crypto space anon

link fud is so all over the map lately. but there keep being more shitcoins making statements like this and it's honestly so fucking bullish for chainlink i love it

btw fudders you're still not buying back under 30 cents, kek

itt: single digit iq’s

>>11287710

There's a reason why only /biz/ seems to shill LINK. No one else cares.

Guy is horny for milfs and is only creating enigma so that he can cuck the world anonymously (his email was exposed by Ashley Madison hack and is cited as being what inspired him, I’m not joking).

>>11287710
NOT. FUCKING. SELLING.

>>11287710

But that doesn't make sense...

TLS is an encryption protocol between point A and point B. Okay, so you can't leverage TLS between API and smart contract. His response doesn't explain at all how enigma nodes could possibly serve to actually solve the oracle problem - which is that relying on finite data providers that are centralized is a point of failure. It has little, if anything, to do with what encryption protocol the data is being sent through.....

Weak fud and terrible response from developer.

>>11287710
LINK is shit

>>11287710
Oh shit, it usually takes 2 hours after news breaks on here for the price to tank.

I’ve just sold and I’ll buy back in when it bottoms out.

People were counting on Enigma to work with link

how do links tards do it? just hold shit coins for months and months with no gains

This response shows the dev has no understanding what Chainlink is / does. You need a seperate network of verifiers for a decentralized environment. Is enigma even blockchain agnostic?

>>11288143
Haha I can sense trembling in your typing.

>>11288117


Reading more into this, it looks like this 'feature' is restricted to data already existing in the context of the enigma network - NOT for data streams outside of the network (e.g. 99.999% of data accessible via API in current infrastructure)

Essentially, he's saying that "it's better than decentralized oracles, as long as you're getting the data from another application on the enigma network - if you want data from elsewhere, then you're fucked!"

Can someone refute this? I'm literally shaking right now.
>t. 1k LINK owner

>>11288155
No you’re just upset you didn’t accumulate at lower prices. That’s not my fault... that’s you being an utter faggot sitting in your discord channels shaking trying to produce any article to make people question their investments.

>>11288175
Exactly.

>>11288117

Enigma isn't centralized, though. He clearly states that Enigma will have nodes which basically act as decentralized oracles.

>>11288047
Caltech math grad here, srs.

Don't overrate autists wisdom/intuition outside of their narrow skill set (in this case, coding).

There's no tech solution that can just be closed up to get "rid" of the need for decentralized Oracles. An entire market place (providers and consumers of data) needs to be boostrapped along with the tech.

A healthy, decentralized, free market for data is the most important component of the decentralized Oracle problem, not the tech itself.

This is something that an autist like vitalik will also miss and underestimate the importance of. Trust me I've been around these people long enough.

But look in the business world and guys have better inution that you need a massive market for the defentralized data to become trustworthy

>>11288212
*Coded

>>11288212
>Caltech math grad here, srs.

Is Math worth perusing as a hobby?

>>11288175
Yes, and it's this kind of maximalist thinking that needs to disappear. Legacy systems are not going to go away overnight, it will be a long and careful process as the benefits and efficiencies of blockchain are explored, tested and integrated. And of course, blockchain isn't needed for every situation. It's more of an added layer. Decentralised oracles are the missing piece.

>>11288226
Depends how autistic you are. If you're not completely fucked up then no, it's not.

Only math that interests me these days is the work being done on bulletproof encryption

>tfw hold 5k enigma and 4k link
what do boys?

>>11287710
After studying the crypto market you find out some things are more of a "scam" than other things. Usually the biggest scams are the ones that are mainly promises with no actual technology. These "projects" usually talk a big talk, but have almost no major tech or patents to speak of. This means you're basically selling nothing but promises

The less proof you have of something, the harder it is to "deny" it. This is why real crypto-currencies live or die by their tokenomics and such. With chainlink, its a token with a big MAYBE of a bright future, based purely on it doing a job that 10 other companies and 10 other crypto projects will be competing to do. This "token" has ZERO fucking use case.

If you're still here thinking some fat philosophy major with his tiny team will make any real difference in an industry that is highly cutthroat.... We'll you're either some non-tech brained idiot following the flock, or you're so deep into this bullshit that you have to keep shilling and nobody will be able to help you see the truth.

Honestly, I see the game being played, and when low IQ "fudders" come out and talk shit, I can see how easily you guys can be the "bigger man". But sadly, as someone who is a fundamental investor and who actually understands and lives and breaths technology, I cant help but laugh at you guys every time I see these threads.

The picture you posted is the perfect representation of a Chainlink holder. drooling over a future that is nothing more than a fantasy in his head, constantly reinforced by the most obvious pajeet shills I have ever seen on this board.

God Help all you sad little Linkies.

>>11288304
> But sadly, as someone who is a fundamental investor and who actually understands and lives and breaths technology, I cant help but laugh at you guys every time I see these threads.

t. i work for a cyber-techno machinations company

>>11288304
as always a lot of talk and no action, great arguments there
you sound suspiciously butthurt for someone who claims to be superior to anyone. Typical no linker faggot gettng mad and scared that others will make money on something he doesn't like/understand.

>>11288226
Read Lockhearts Lament. If that interests you, yes.

>>11288266
I collected bugs when everybody else was playing playstation as a child and memorized facts about komodo dragons then I would do presentations about it at school without being assigned a presentation. If the teachers wouldn't let me do a presentation I would get my mother to call the school principle. I failed out of college because I was assigned the leviathan by Thomas Hobbes and just sat in my room trying to derive meaning from it and just stopped going to class or tests. I have a hot girlfriend so I don't really know if I am autistic enough. I know I am not smart enough for real high level stuff but would like to know more about cryptography.

>>11288355
Will do.

>>11288063
>being this delusional

have you stopped to think that youre just a fucking drop out that knows nothing about any of this and youre just investing in chainlink out of faith? just fucking admit that you dont know anything about this. have you stopped to think that maybe the countless people fudding are engineers from MIT that know what they are talking about? your fucking delusion will be the end of you holy shit imagine being this blind to the truth

>>11288304

>token has zero use case
>10 other companies competing to do this use case

Which is it brainlet


t. actually someone involved in crypto not armchair crypto 'research'

>>11288398
MIT engineers would be too wrapped upin thinking about their projects to try to figure out Link completely, much less FUD about it. Nice try.

>>11288212
On the contrary I work for the worlds biggest CRM software provider and was originally contacted on twitter by /biz/ users to find out if my company was going to use CL (its how I found out about this place haha)

It lead me to ask around in my work place and I even sent a few emails to the head office in San Francisco and the tech bosses there don’t know anything about it. My contact in HQ would know if they were using an oracle.

I’m now invested in Link and hope to be rich but it won’t be through my org using it.

>>11287710
I love the fact that he understands it's about chainlink

devs think decentralized oracles = chainlink
do smart money think the same?

>>11288226


If you have to ask then no. Same applies to programming.

>>11288011

1) MIT Blockchain projects dont play nice with **anyone**. They say they go about their buisness explicitly does not foster collaboration. Because of this they will suffer more as they are excluded from the playground as outcasts.

2) Guy Zyskind is a jew, what can you expect.

Trust me, this says more about Enigma than it does about Chainlink. This isn't the first emerging standard the MIT Crypto Conglomerate has thumbed their nose out of arrogance.

holy fuck where can i sell my LINK NOW?!?!?!

and where can i buy this ENG? wtf yolu assholes never told me about this?!?!

>>11288455
Are they even planning to use blockchain at all? I'm curious about what the larger corporates think about implementing blockchain solutions.

Who can say where the road goes
Where the day flows, only time

>>11288672
Yeah they actually announced a blockchain investment at the main conference recently. I would say it is a hesitant ‘testing of the water’ though.

The investment was peanuts compared to our annual turnover

>>11288370
I-is this pasta anon?

>>11288056

REEEEEEEEEEEEEEEEE

>>11288117
yea, what this guy said

imagine thinking this is bearish for link and not for enigma

>>11287710
>Be ENG devs
>Miss major deadlines
>Pee pee poo poo we do oracles too even though we cant even do our own project and still don't know how our incentivisation will work.
Meanwhile the Link fags smash every single deadline to FUCKING SHREADS

>>11288092
I looked it up and you're right. Fucking kek.

>>11288092
>Ashley Madison hack
kek
https://medium.com/crypt-bytes-tech/ico-alert-enigma-hacked-77e851ba3006

>>11288178
just look at the enigma whitepaper to see why he states this. He's not claiming that you won't need chainlink for any use case ever, he's just saying that his own little project (which is only private computation on data that stays secret) supposedly doesn't need it.

>>11288712
No. Is it that bad?

It’s really low what you faggots are trying to do to people

>>11289224
>600 HINDERED THOUSANDS dollars

>>11288117
TLS also provides proof of identity via certificates' chain of trust. But that still doesn't solve the oracle problem for highly valued smart contracts, nor does it solve cross chain data transfer. Are they retarded?

>>11287710
secret.... conracts....

I've been telling a tonne of brainlet fuckers on here every single day that ChainLink makes no fucking sense from a technical standpoint but most people here don't know a damn thing about technology or how the internet works all they understand is fucking memes and high thread frequency=gud. I tried to tell you to just ditch the bags and move on. I'm sick of seeing chainlink shit on this board it's the longest running scam I've ever seen here.

>>11288126
Checked

will this scam ever end

>>11289388
As long as we keep India connected to the internet, no. Don't forget that penny cryptos are the only things they can afford, movements of 5c/p can make them rich enough to buy a whole toilet.

>>11287710

This makes sense. The issue of ‘why do we need decentralized oracles’ basically boils down to: bc otherwise people could attack the data source and fake trigger contracts to make money. But, if you don’t know how the contract is set up, you don’t know what data sources it’s using/aggregating, or when. This kind of sounds like ‘security through obscurity’ though. But it’s a viable approach that totally bypasses link.

>>11289163
Link don't set deadlines

>>11289319
> are they retarded?
Nah, this fud is actually a bit more clever and believable than the lenocinium / astraea bullshit. Enigma is a good project with a solid team and from what I remember (from a larp where an anon at the very least had a legitimate press pass to one of the conferences so take it with a grain of salt) they actually respect the quality of the ChainLink whitepaper and think it is one of the most well-written ones out there. Enigma is a really strong smartcontract privacy option, but only once the data has been brought onto their chain. It's possible that Enigma could be used as an additional security layer for extremely high-value contracts, but CL would still be needed to actually bring the data in regardless.
That being said, still a retarded comment from the dev. Also note that they still haven't answered / seem to be avoiding these questions posted 5 days ago underneath the OP's post.

>>11289450
Why bother buying a toilet when you can use the street

>>11288184
The cope from you niggers never gets old.

>>11288212
>But look in the business world and guys have better inution that you need a massive market for the defentralized data to become trustworthy
This, it's not a tech problem it's a garbage in garbage out problem. How do we prevent people from inputting garbage?

>>11288209
You clearly misunderstood what he said.

>>11288117
This.
It's just retards spewing buzzwords without knowing what the fuck they're talking about, or spreading misinformation on purpose to hype their shit.

Holy fuck the Discord niggers are really ramping up the FUD on the lead up to this month's 4 conferences with Sergey headlining topkek

bump for more chainlink cope

GET FUCKED STINKIES

>>11287737
Thanks for revealing the truth

>>11288088
Digits.
Link $3 eoy 2023 ?

>>11289561
>muh FUD
When will you realize you invested in a scam?

fall for a Turkish scam biz, never learn..

This kills the Linkie

>>11289561
>but CL would still be needed
>retarded comment from the dev
Just face it Linkie, your stinkies are worthless!!!

>>11288117
>the oracle problem - which is that relying on finite data providers that are centralized is a point of failure
That's not the oracle problem, the oracle problem is verifying that the data is correct (from the expected source).
Enigma uses intel sgx, so it can prove the correctness in the same manner as tlsnotary.

Intel sgx is even mentioned in the link whitepaper as the perfect solution - it's just that link didn't know how to implement it, or didn't care to.

>>11291362
sauce?

>>11291373
For what? Tlsnotary?
https://tlsnotary.org/

>>11291393
>intel is even mentioned in the link whitepaper as the perfect solution
Sauce?

and guess what, with sharding ethereum can simply have a shard that enables this exact kind of oracle directly on ethereum itself.

chainlink is just a middleman network but it relies heavily on it being necessary to use a middleman network. that only makes sense if there are a large number of platforms that dont have oracle integrations, which is looking unlikely as there are only 3-4 that dont that matter, and new platforms will build this into their system.

>>11291397
the link whitepaper, there's an entire section about using trusted hardware execution or however they called it

>>11291362
They've always planned to use town crier

https://youtu.be/Zu6uZ1PnRU4

>>11291419
pics or didn't happen

>>11291418
>oracle integration
The whole point of oracles is that they aren’t integrated lmao.

>>11291362
>Enigma uses intel sgx
So does Chainlink.

>>11291421
There's no actual verification in town crier, no way to know that the response actually came from a sgx enclave. That's solved by enigma
>>11291440
Lazy nigger, look for yourself
>>11291464
No it doesn't, intel sgx completely replaces reputation.

>>11291499
you LARPer

>>11291499
>intel sgx completely replaces reputation
Citation needed. What do trusted execution environments have to do with the reputation system? TEEs allow a node to privately compute sensitive data without seeing it for the purposes of allowing payment triggers that contain privileged information. What does that have to do with the reputation system?

>>11291460
no, the whole point of external oracle services, of which one is chainlink, is that the tech enabling trustless external data isn't possible directly in ethereum. shards/layers change that without even needing a middleman token/network or changes to the core code.

>>11291549
Except integrated oracles go against the Ethereum design philosophy, and what's the point in building one from the ground up when you can just hook it to Chainlink?
It's seriously like Ford is halfway through building the first car and everyone is saying "Carriages will just build their own engines". They can try. But they're way behind.

This is good, finally Link fud is gaining traction again. So fucking pathetic how much handholding has been going on lately with link


>>11288609

They are fudding it too. Stealth phase.

>>11291579
>90% of /biz/ references to chainlink are literal retard tier fud
>pee poo and link is shit and other zero effort spam
>"too much handholding"

>>11291531
Reputation in chainlink is supposed to deal with sybil attacks (it doesn't) so that nodes are independent and return correct data.
Intel sgx enclave can return signed correct data obtained by ssl from itself, there's no risk of sybil attack and no need for reputation.

>>11291596

At this point i think Link is so wrapped up and esoteric that of you dont know and “get” it already you wont be able to benefit from the moon mission.

All the fundaments have been discussed to death and ironed out long ago. You wont find anything anymore unless shrouded in confusion

>>11291598
sergey has said in every presentation that they're doing both because the market will decide whether intel sgx or a decentralized network of nodes or both is what is ultimately needed.

desu that's the better fud that no one ever says. Sergey himself says that they're just throwing the decentralized network of nodes at the wall and maybe it'll stick, but it's absolutely not necessary to the success of chainlink. I guess you'd still see the network being used but without the volume of nodes and staking associated with the decentralized network, it's doubtful the token would be worth much.

>>11291598
>Reputation in chainlink is supposed to deal with sybil attacks (it doesn't)
Reputation mechanisms haven't even been laid out, let alone developed, and will be developed by 3rd parties. So what information are you using to conclude that the reputation systems that don't even exist yet fail to prevent Sybil attacks?
>Intel sgx enclave can return signed correct data obtained by ssl from itself, there's no risk of sybil attack and no need for reputation.
In what, the case of a single node? Is this the FUD technique where you just string a bunch of semi-relevant words together and hope it seems convincing to the uninformed?
>>11291628
It will be interesting to see how much new information comes out this month. We'll go from radio silence to, what, 5 talks by Sergey in the space of a month? Interesting times.

>>11291659
>In what, the case of a single node? Is this the FUD technique where you just string a bunch of semi-relevant words together and hope it seems convincing to the uninformed?
no offense but what he's saying is 100% true.

>>11291685
>>11291659
and that's why sergey says they're developing both and will let the market decide what it wants, which may very well not include the decentralized network of nodes, and Sergey says as much. See every one of his presentations. The decentralized network has a value proposition that a single secure enclave node doesn't but Sergey himself says the market may not find that important or necessary.

>>11291685
called up reserves from the discord, huh. it's hard to express how much i hate you faggots. knowing that i wrote a bunch of the shill pasta that probably helped to get that cohort of link holders on board, whose shit i now have to wade through on a daily basis while they fud on biz for discord brownie points. cursed by my own creation.

>>11291702
I've seen literally every Sergey presentation this year. Link me to a single one where he says or even alludes to what you're suggesting. Seriously.
>See every one of his presentations
OK this shouldn't take you long, then. Link to a single one and I'll concede everything.

>>11291719
if you don't understand what >>11291659 is saying there is no point in talking to you since you don't understand anything and just call everything fud. it's not controversial it's just facts.

>>11291758
>if you ask for proof of a claim there is no point talking to you since you don't understand anything and just call everything fud
Thanks for playing. Fuck off back to discord.

>>11291659
>will be developed by 3rd parties
Translation: sergey realized it's a retarded idea so they decided to abandon it
>Is this the FUD technique where you just string a bunch of semi-relevant words together and hope it seems convincing to the uninformed?
Dunning-kruger effect in action. What I wrote is a clear and concise technical description you understood absolutely nothing from.

>>11291719
i think the guy is right but it's not fud so dont worry.
basically, what LINK is creating is a really, really secure way to verufy that data entering a blockchain hasnt been corrupted from its source.
the idea that this "really really secure" method requires a "decentralized" network is not true.
the selling point for the network that sergay and the team are developing is that it does its job, and that's all anyone usinig it cares about. it's only autists like us that think having the word "decentralized" attached to it makes something better. this isnt always the case, and isnt the case with LINK.

>>11291300
>>11291318
Haha I mean obviously it's just a shit investment and a scam - it's so elaborate that they're having 4 appearances at major events this month with confirmed partnerships for the last few months with the likes of openlaw, accord etc. Ari Juels is the mastermind behind it all, and it's all to get /biz/ money because apparently this is the only place worth advertising to while it's just crickets on plebbit. There's no refutations to the point I made - there is no blockchain-agnostic solution which they have in place to bring the data they will use on-chain.

>ctrl+f chainlink
>0 results

This thread confirms it, LINK $100 EOY

>>11288178
The only thing you should be shaking is your own head while looking in the mirror because you are so poor you only have 1k LINK.

>>11288128
Hahahaha. I actually forgot Enigma exists. The hype on their project is an enigma. No one was counting on them for anything.

Linkies are temporary.

Link is shit.>>11291775
>>11291719
>>11291712
>>11291659
>>11291596
>>11291565
>>11291531
why even bother refuting fud? Link is shit.

>>11288212
>Defentralized
Ppffffffffffflllrrrrrtttttt

Link is pee pee poo p oo hehe e
am i right

>>11291531
On a side note anon...do you have any idea whether Chainlink is in the TEE working group for the EEA?

>>11288398
you sound upset

>>11292344

>>11291793
Actually retard, 3rd parties need to develop reputation separately because different sectors of business will value different traits in an individual node. If you think the insurance industry, law, and finance will use the exact same reputation system to determine the value of a node....anon... I..

>>11292359
Sorry kiddo. Time's up. Sorry your McDonald's paychecks couldn't come in fast enough for you to buy more than a couple hundred LINK. It must feel terrible to wagecuck and then FUD LINK all week constantly just so you can scrape together a couple extra dollars for LINK after paying for Sheniquas kid's diapers.

>>11291362
Wow. How you came to that conclusion shows you’re either retarded or know the truth and choosing to mislead other lmao I’m going with retard though no doubt.

I just want to let you all know that I generate really positive energy for Link. I know I sound like that maniac meme but I really can will things I believe in to reach fruition. Link has an extremely special memetic energy because it’s community is high on volition.

Buckle up boys and hold

>>11288128
>>11288011
wow... this is TERRIBLE for link. I don't know if link.... can survive this....i am selling and will buy back after this massive dump ends... wow sirs

>>11291499
You clearly have no idea what intel sgx even does

>>11292527
Bless you linkies, do great things with your wealth

>>11292544
thank you. i will do good things with my wealth.

>>11291801
nooooooooo delete this! LINK is a scam!!! slel it right now!

>>11289089
this

>>11292508
>>11292541
No argument

I just sold my 65k link and went all in Enigma. Comfy as fuck

>>11293340
Post proof

>>11288212
>>11288304
nice reddit spacing