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13406075 No.13406075 [Reply] [Original]

>"gee whiz, rory, these oracles surely are the critical breakpoint of the deterministic and trustless nature of smart contracts"
>"if only there was a way to solve this"
>make decentralized oracle network
>successful outcome intrinsically impossible due to profitability of sybil attacks
>introduce central reputation and listing services with literally KYC to prevent sybil attacks
>end up relying on classic, real world trust model
>still get rigged with fake IDs and constantly sybil attacked while relying on centralisation anyways
You can't refute this, Chainlink will revert to the current system where parties just trust each other based on accumulated reputation in the past. There is no logical function that connects legacy data to the blockchain. It simply does not work and there's no point in using smart contracts when you rely on trust in the end anyways, then you can also enforce the contracts based on intermediaries and trust. This fat motherfucker took a concept and twisted some defintions to make it fit his phrasing. Nothing about chainlink will be decentralized when nodes can only be evaluated through central listing and reputation services.

Chainlink is to Ethereum smart contracts what Lightning network is to Bitcoin. Both centralized, permissioned second layer garbage and very likely Trojan horses to destroy the freeing force of true trustlessness under the guise of scalability. Fuck chainlink.

>> No.13406090

>You can't refute this
why would i want to lol, i have like 30k link

>> No.13406091

>>13406075
is there even a working product for this shitcoin?

>> No.13406095

>>13406075
This, but also the nodes will all be run by one company owned 75% by two people lel

>> No.13406111

>>13406075
People who spout shit about Sybil attacks have got to be the dumbest fudders around. Blockchain pretty much has built in Sybil defense systems. What are you going to do? Pretend to have my wallet address when you stake your LINK? Good luck with that.

>> No.13406117

>>13406075
>>13406095
Exactly, and then CLC comes in and acts as a merchant intermediary to monopolize cheap API calls so that every node provides the same API through the same data source, run by linkpool NaaS or straight up their nodes and all registered on a large, centralized KYCed reputation website. It's literally more centralized and corporatist than trx or xrp.

>> No.13406311

>successful outcome intrinsically impossible due to profitability of sybil attacks

disagree here

>> No.13406322

>>13406075
Bunch of 4channelers 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

>> No.13406335

>>13406311
Lmao this

>> No.13406359

>>13406335
Lmao @ (You)

>> No.13406428

I feel like some anons gloss over sybil attacks as a threat but I don't think its an insurmountable threat. I think there will probably be elements of centralization at the start in order for bad nodes to not gain reputation first but then it can be opened up to anyone once a core of good actors has been established. Either that or staking and TEE's will make it a mute point altogether