/biz/ - Business & Finance

>>13920486
>he doesn’t know how to take a proper screenshot
The absolute state.

>>13920486

what an absolute shit thread

kys

>brainlets raging

>>13920486

can you explain what and why threshold sigs are and why they are useful pls

>>13920567
It is so obvious what is about to go down if people only use simple critical analysis. First, Lindsey Graham questions Kavanaugh about 9/11. Why would that be pertinent? Right away Graham next questions Kavanaugh about military tribunals, even EXECUTIONS for those who collaborate with the enemy! He leads Kavanaugh to publicly acknowledge that those tribunals, and those executions, would be legal. The ground is being set. (Though the actual SCJ would change with a different appointee, due to all the scandals.) The set up here includes Congressional statements indicating there are to be no problems with the Supreme Court when action is taken against the collaborators.

like you know the significance of it?

>>13920577

Urine passing is a result of homeostasis. It is literally a balancing of the body so the urine passes everything that is not needed in that moment. Urine contains hormones, vitamins, minerals, amino acids that are not needed in the moment but may be needed in the next. It also has STEM CELLS IN IT. Your urine has info about what ails you and then creates antibodies when you drink it So drinking your urine is like drinking a highly nutritious meal. It is also a vaccine. If you get stung or bitten by a venomous creature, the anti venom is created in your body within 15 seconds & will pass out in your urine. I cured food poisoning in 10 minutes by drinking my pee. Before pharmaceutical companies took over, urine was used to cure gangrene on the battlefields of the world, it can be used as blood plasma in a transfusion if the patient's blood is not available. Your urine is just blood plasma but a different colour. There have been more white papers written on the efficacy of drinking urine & putting on infections, than any other therapy on the planet, all covered up by the pharmaceutical companies because if the word got out, they would go bankrupt. Hundreds of Dr's have written articles & books on the subject. If any Dr or individual starts teaching this miracle therapy & gets a following, they get threatened & if they ignore those threats, they are killed, such is the world ruled by corrupt corporations hellbent on making money out of nothing. The average mark-up (profit margin) on pharmaceuticals is around 20,000%, do you really think they will give up this method of creating gold out of lead & tell the truth? No chance.
Show less

>>13920577
They solved the scalability issue. $1000 EOY, check em.

>>13920486
This isn't even brainlet level of inability to comprehend. You straight up need genius level IQ to grasp all of this.

There might be 1 / 1000 people here who can break this down. If you're reading this, please explain what this means for the rest of us.

>>13920784
Lamborghini

>>13920784
Everybody signs my shitcoin, thereby increasing its resale value.

>>13920486
>independently
hey hey heyyyyy

Please help I'm not smart enough. Am I wealthy beyond imagination or financially ruined?

>>13920577
it's a way to bundle transactions off chain to save cost, as you only have to write to the eth blockchain once for potentially thousands of transactions.
i didn't understand how it works exactly because it's to complicated and abstract for me to understand, but if it works as described this is a huge improvement.
i think I now understand why Vitalik doesn't like chainlink. it reduces the demand for eth (GAS) thousand fold and eth will possibly plummet in the long run.
If this works as described there is nothing left in the way for relative cheap smartcontracts and could lead to mass adoption.
also 1000$ EOY

>>13920784
THEY ARE GOING TO MAKE GAS TRANSACTION COSTS ALMOST EXPONENTIALLY CHEAPER, THE MORE USERS THE NETWORK HAS THE BIGGER THE SAVINGS.

>>13920896
You'll be good. Those signatures will be significant in the knee bending business

>>13920896
https://www.youtube.com/watch?v=Bh3jIngaoaw

>>13920784
>Gas fees not issue after implementation
>tied to eth not issue after implementation

To much big words or to brake it down more you fucking sub 80 iq fags?

>>13920784
Some peope choose career or education to distract them through most of their life, others choose family, others choose entrepreneurship (serial business starter), others choose sports, hobbies, travel, or a million other things, and there's nothing wrong with any of them.

It's great you've figured it out at 19, I was in my late 20s before I started to think about such things.

Unfortunately, like I said, there is no greater meaning in life. It's just those distractions. Embrace it and enjoy your time here. If you start getting bored, find something new to spark your interest. If you're really bored and at your wits end, put yourself in a (somewhat) dangerous situation, like travel to somewhere in the world that might scare or shock you, and you'll often find new purpose and meaning in those moments, at least it worked that way for me. Always stay busy, always stay active, don't spend too much time inside your own mind — you generally won't like what you find.

>>13920918
This

>>13920896
The laughs are worth the price of admission. It'll all be OK.

>>13920927
Nice ETH gas costs were a big deal for node expenses. So does this apply to gas costs for transmitting the API data back to the contract, or gas costs for some other function?
Because it sounds more complicated than this

>>13920784
It's too simpel for my 150+ iq to explain this.
But $1k eoy I can explain.
(Won't though)

>>13920486
>he sold
>stay poor
its literally going down brainlet lmfao. i realized my gains and holding CASH motherfucker

>>13920934
Kek

>>13920918
So Chainlink solves eth scaling for them?

>>13920918
This is wrong you have to understand scale of sc in future

Thi can save eth not destroy it lol..

>>13921039
Obama coordinated intel agencies of foreign countries (UK and Sweden) to spy on the opposition candidate during a presidential election because the FISA warrant was denied the first 2 times. They actually meddled in our election at the request of the outgoing admin.

>>13920486
>he held through a 40% drop instead of selling the top
>he comes on biz to cope
>he is a pajeet

>>13920927
This. I don't know why you guys are complaining. You don't need to understand the math behind this to see this blog post was absolutely massive. Another day and chainlink becomes more independent.

>>13921153
from January 2000 to July 2006, starting with Bush NWO leader's Housing Bubble, home prices surged 900%

Avg price of house around 1998 before globalisation and free-trade went full swing
>$180k in NYC (boros)
>$150k in Bay Area
>$150k in LA
>$120k in DC
>$140k in Sydney
>$120k in Melbourne
>$140k in Toronto
>$190k in Vancouver
>£70k in London


Avg price of house after 2004 massive free-trade/open-borders
>$800k in NYC (boros)
>$1m in Bay Area
>$600k in LA
>$500k in DC
>$900k in Sydney
>$700k in Melbourne
>$600k in Toronto
>$1m in Vancouver
>£400k in London
---------------------------------------------------------
before free trade:
>domestic production of goods
>goods were affordable and of high quality
>lowest cost of living
>affordable housing (house costs only 2 times the annual salary)
>90% white

after free trade:
>homeless/opiod/suicide epidemic/white genocide
>unemployment
>highest cost of living
>unaffordable housing (10-20 times the annual salary)
>plummeting life expectance
>shit quality products that kill you
>millions of illegal shitskin locusts invading and killing whites

>>13920577
it's a way to bundle transactions off chain to save cost, as you only have to write to the eth blockchain once for potentially thousands of transactions. It’s as significant as town crier acquisition

This...is...huge..

Why doesn’t biz realize?

>>13921224
We do but it's not easy to explain why.

>>13921224
It happens every single time. Every time the team makes actual progress and announces it, /biz/ ignores it. They'd rather post big macs and pink wojaks.

I swear half of these retards, especially nulinkers, don't deserve this.

>>13920918
You're fudding, it's $10k EOY at this rate

>>13921184
>ID: uKBBEER
I need a UK beer right now because I feel overwhelmed desu
still didn't sell my suicide stack tho

>>13920784
Seriously it sounds good but I have no fucking idea what that word salad means. I literally got so bored and confused after the first paragraph I had to just start scrolling through.

This is a new way for thousands of people to find consensus IN A SINGLE transaction.
You don’t get it. Even CSW is getting a boner over this. Serg and the team are building the hands and legs for the blockchain monster to thrive.
Chainlink is literally the only fucking coin that latters atm.

Too bad treshold sigs is patented by Craig. No larp

>>13920918
good explanation

>>13920896
Out of 1000 randomly selected people, the more that can read your calligraphic signiture, the more your linkies are worth to a staking node.

>>13921363
Is this true?

>>13920486
So the blogpost was significant after all? Why was everyone so upset?

>>13920486
>threshold signatures
nice technology you have there. would be a shame if someone patented it. have a nice life!

>>13921569
Everything about the blogpost is bullish. Don’t be a retard. Everyone expected big companies namedrop. Oracle is staring them in the face in 23 days.

>>13921569
Because it's been long expected that once mainet is released, there would be immediate users, and they would have no reason to hold back who their actual client are. We wished and hoped for some big names... not another recycled slide of crypto teams

>>13921624
What’s in 23 days?

>>13921569
No partnership announcements.

>>13921466
this is fucked. women are naturally advantaged in calligraphy. handwriting was the only class I ever failed

>>13921686
>>13921626
I kind of like this about the Chainlink team...instead of shilling their project by dropping big names, they decide to post a technical analysis, in this case threshold signatures and how they would benefit the smart contracts of the future, it's truly a breath of fresh air.

>>13921039
yes
if they are able to implement it and I'm very confident that they are

>>13920918
This is bullish for eth tho

>>13922102
How is cutting gas prices for ETH bullish?
ETH is LINK's bitch now.

>>13921947
>I'm very confident that they are
Why? Is it outlined how they plan to implement it in the blogpost? I tried going through the blogpost but I am completely lost.

>>13922142
well...it's bullish for the ethereum network as it would help push it towards actual adoption; however, it is not bullish for the ether token

>>13922142
it means they can bundle together many transactions off chain so there is only one chain transaction. it doesn't just go for eth, but for any chain they interact with.

>>13921686
>announce partnerships
“Anyone can be a partner, this is shit!”
>don’t announce partnerships
“Where are the partnerships, this is shit!”
Every angle is fudded by retards

We have to remember most of biz was spoonfeed link (including me) but doing my research we are still on track and have a Gem on our hands. The fact that most of /biz/ is trashing link shows that they have no idea what’s going on. Until we can explain this in one sentence

>>13921363
Larp

looked into Alex Coventry, the author of the blog post. His linkedin shows hes been doing "Cryptographic consulting for Legicash since last April, Developing an automated smart-contract arbitration system to accelerate cryptocurrency transactions and other financial interactions on the blockchain". The first paragraph on their intro page is:


"Legicash takes advantage of formal methods to develop smart contracts that bind blockchains together. Our flagship contract creates the blockchain analog of debit cards, enabling payment within seconds on a side-chain without sacrificing the security guarantees of a trustless decentralized consensus."

>bind blockchains together
>security guarantees of a trustless decentralized consensus

hmm

>>13922331
Yeah, biz is fundamentally decentralized autism...if something is shilled/fudded/memed for 2 years straight (chainlink) then it usually means something...other shitcoins that are shilled last a month if that

>>13922429
...err i'm a total brainlet...is this good for chainlink?

>>13921680
You have to go back

>>13920784
1 in 1000 here, it means i’m gonna be rich!

I really didn't want to bump this thread.
Can we stop giving brainlets handouts on this board, they're the reason shit fluctuates so much and the excessive shillers/fudders trying to swing LINK for 5% gains/losses on $100 have turned this board into a shithole.
Fuck them. They don't deserve it, we should just stop talking about it and let them lose their stack over time

>>13922638
no pls don't. I want to be rich and free and i don't have the ability to do that on my own.

>>13920918
based

>>13921224
Much easier to "sell the news" than to actually look at what's going on.
It won't last though lmao.

>>13921626
>Because it's been long expected that once mainet is released, there would be immediate users,
And plenty of people pointed out how even ethereum isnt used by big shots. You were retarded to think that somehow chainlink would have dozens of partners just waiting to announce at mainnet while every other crypto never has. Why would a partner wait for mainnet to announce? If they are in they will say it at any time. Not wait for some climatic theatrics moment.

>>13922638
The ones digging into the information needs to stay here. Some aren’t ignorant and will take the time to listen to us

>>13921224
We do but pink wojacks are so much fun. I am swinging 30% of my stack though regardless. Hope to finally make it to 10k.

This is huge. Possibly bigger then the town crier acquisition. Too bad it will too go over most peoples heads---just like Town Crier did.

>>13923179
i would also like to swing my tiny stack to a larger one but i locked it away since as a wagie i dont have the time and would only fuck it up tired.

Best of luck anon.

>>13923477
Thanks fren. Wagie here too but fortunately my job involves sitting at a desk all day. So I can stare at binance on one monitor while doing other work.

>>13920992
not 10k, youll never make it

if you retards can't see the 'mainnet announcement was an excuse to pump and dump this coin, then you should just kys. Just like any other shitcoin, this starting to tank, down to 0.60

>>13923517
and you are also in the american timesone. have to go to sleep. 4 hours at least. stuck for bantz and missed the blogpost and dump. eh. hope it stays volatile so i can weekendswing

>>13923559
Im aboit to buy 2.5k
Im sick of holding my 10eth
I dont understand this stuff so you giys better not be larping

>>13923600
Checked. Threshold signatures. Heil Sergey

>>13920567
in English please poindexter

>>13923625
I dont know what any of that means is this a terrible idea?

So basically to understand... ANY eth transaction can be bundled into a single smart contract with 100s or 1000s of others (I’m guessing depending on how long your willing to wait on the transaction) and then share the total gas price amongst all participants? Like can I bundle a 10$ eth transaction with 100 other people and only pay a Pennie?

thresh·old
/ˈTHreSHˌ(h)ōld/
>2. the magnitude or intensity that must be exceeded for a certain reaction, phenomenon, result, or condition to occur or be manifested.
"nothing happens until the signal passes the threshold"

sig·na·ture
/ˈsiɡnəCHər,ˈsiɡnəˌCHo͝or/
>1. a person's name written in a distinctive way as a form of identification in authorizing a check or document or concluding a letter.
the action of signing a document.
"the license was sent to the customer for signature"
a distinctive pattern, product, or characteristic by which someone or something can be identified. "the chef produced the pâté that was his signature"

>>13923710
essentially a layer 2 scaling solution. This is massive.

>>13923747
i'm a dumb brain, but it seems like they have a general solution for other blockchains as well as the ethereum case?

this is how i'm thinking about it:
>current approach - extremely expensive to add additional nodes given gas fees. This means you will have 1:1 ratio of responding nodes:nodes responses used in the data consensus
if one node goes down during that data fulfillment the contract may be held up, if there is a threshold of responses needed in order to determine consensus
>threshold sig approach- i can now have 2:1 ratio of responding nodes:node responses used in the data consensus
contract doesn't get held up. I have higher reliability given that i can now sample the responding node pool instead of needing a response from every node

>>13923747
Pretty cool, I’m surprised some other project hasn’t attempted this as their primary purpose. Badass if link is the innovator of this.

>>13923775
I think initially high value contracts will require this. I would assume there will be a response threshold needed in order to determine consensus (IE I need 3K responses for this derivatives mechanism to trigger). You would oversize the responding pool as a fallback to alleviate the risk of not receiving all 3K responses.
it's greater reliability for contract execution and a harder surface to attack and game the contract

Bought at 1.02, goes to 0.98 instantly lol

>>13923808
an attacker in the current approach would target the nodes that WILL be responding to the contract (you know what to target). With threshold sigs you now need to gain some statistical advantage of gaming a whole pool of randomly sampled nodes that determine consensus of the contract AND it's 1000x cheaper than the current approach or a physical contract.You could even use a RNG TEE node to do the respondent sampling for consensus. you shift from needing 51% attack to needing to probably gain control of 75%+ or more in order to game the contract

>>13923770
>but it seems like they have a general solution for other blockchains as well as the ethereum case
Yes, we've been saying this the past year and a half.

>>13920918
this also reduces demand for the LINK token by 1000 fold. good for the industry though

>>13923815
I wonder if you bought the portion of my bags I sold lol. Anyway, I think in the mean time we’re going back up. I’ve got a .64 order set. But I doubt I’ll get it. Will buy back in @ 10% max loss

>>13921361
Tomorrows news. CSW "I have a patent on that"

>>13923937
that's why i prefaced by saying i'm a dumb brain.I literally rely on you brain geniuses to spoon feed me, and my only talent is to determine who is actually being serious in their posts.

>>13923941
Is this true?

Up we go

>>13924014
Eric Holder had Paul Walker assassinated to cover up his illegal gun smuggling operation in Mexico known as Fast and Furious

>>13924014
That’s alright friendo. Just hold link and don’t swing like I did today

Bullish af vitalik is literally seething. Retard moon boys never understood BTC early days and never understood Eth until the fomo. Oracle roadtesting link next month. Absolutely bullish

>>13920486
>Muh tech
sorry kid. that only matters when it manifests via organic demand via adoption via being the superior choice for end users because of said tech

right now it doesn't mean squat because crypto speculators are dumb as bread

>>13920956
more detail plox

>>13920607
no they didn't. it helps some, but they most certainly did not solve the scalability issue. if chainlink was mass adopted right now it could cause ethereum to grind to a halt due to node payments alone, ignoring everything else.

>>13920784
this

>>13921184
>it's a way to bundle transactions off chain to save cost
you misunderstood it. read it again. it's good, but it's not that.

>>13924014
Lol me too. I have absolutely no idea what’s going on but I am good at noticing patterns.

>biz shills for bitcoin
>moons
>biz shills for ethereum
>moons
>biz shills for chainlink
>???

Plus, why would I DYOR when I have the /biz nerds did all the homework for me? Lol

>>13924224
Well it is.
Potentially thousands of transactions can be bundled and then submitted to ETH in a single transaction.

>>13923747
They've partnered with celer too. Celer's solution isn't that different. Only link is simpler as a problem since it doesn't need to keep track of states.

the God Protocol article had detailed this as a theoretical scaling solution as well

>>13924121
Lol no. Gas prices for transactions have literally nothing to do with LINK tied up in collateral.

>>13920784
Caltech math guy here (not larping). This really isn’t that difficult to understand. And the details of the math are a bit hard but nothing impossible

The important point is that when a bunch of nodes submit a response, they don’t have to all send a transaction individually to ethereum and clog the chain: chainlink can set an arbitrary threshold number out of the total number of oracle nodes to sign off on a piece of data or a response, and then commit the data they agreed upon off chain. Like saying “if a 60% majority agrees to this response, submit it”

Tldr: Threshold signatures allow chainlink to scale *irrespectively* of the total number of nodes in the chainlink network , basically meaning the bottleneck for chainlink scaling will be how well the underlying smart contract platform scales (ie not sergeys problem)

>>13924348
>
Thank you for the clarification...so this would drive down the value of the ether token then correct?

>>13924138
Paul walker has no right to have sex

>>13924409
Based on your technical background, do you think Chainlink has a great future ahead of them? Is this solution viable in terms of implementation?

>>13923344
I don’t understand wtf you idiots are talking about: this idea was literally in the white paper, there’s nothing new going on here. This isn’t “news” it’s literally been in the pipeline since the start and part of the reason why I invested. I knew there would be no scaling problems

>>13924461
Chainlinks success is entirely contingent upon the success of the underlying smart contract platform. If the underlying smart contract platform scales, chainlink will also scale. If it’s adopted, chainlink will be necessary

>t. I am invested and buying more every opp I can

>>13920918
iExec already did this with their PoA sidechain.
>Le cucked again!

>>13920918
>ETH will be completely overtaken by a ERC20 token
Clown world
LINK really is the biggest blue chip crypto on the market

>>13924507
What platform do you think has the best chance of pulling off scaling? Ethereum?

>>13924532
I don’t know man, my personal viewpoint is that this proof of stake idea ethereum is rolling out is going to be catastrophic. Proof of work is an extremely robust and beautiful concept, and should probably be the basis for any serious decentralized ledger: the scaling solution should come down to layer 2 protocols like celer and link

But if not ethereum, then who? They have all the best minds money and momentum, not other smart contract protocol is even close. The problem is they seem a bit delusional and naive. No one knows if proof of stake can really work, no matter how smart he/she is. We’ll see

>>13924409
Based and actually-answered-the-question pilled

This news is too big for me to comprehend
Did they really just make LINK an objectively better version of ETH
And at the same time as this news is released noLINKers are celebrating the "dump"?
This'll make the singularity that much sweeter lmao

>>13924599
What about eos or bat?

>>13924652
>Did they really just make LINK an objectively better version of ETH
More like they vastly improved ETH (and any other blockchain they'll use in the future).

>>13924659
I can't believe what I just just read. Did you really just ask "how about bat" to his response????

Do yourself a favor and just quit crypto now.

>>13923703
It sounds very bullish

>I’m in it for the tech
LOL coping on some next level right there

>>13924659
Wat?

>>13924659
>BAT
Completely and utterly worthless

>>13924659
BAT isn’t a smart contract platform to my knowledge

EOS isn’t decentralized and never will be

The question is really: can a smart contract platform both scale to visa-level transaction throughput *AND* be securely decentralized? No one knows. KMD, stratis, waves, Neo, tron etc are all trying, but as of right now the only truly decentralized smart contract platform is ethereum. The problem is that it can’t handle the throughput of the others.

Again I think it’ll be POW main chain + layer 2 solutions like celer and link, but link absolutely needs ethereum to scale as of right now, since most of the code is built on it AND the payment token is an ERC token

If eth fails to scale it’ll set back chainlink development months if not years prob

>>13924652
This was in the white paper you fucking idiots. Ari juels proposed it years ago

>>13924741
Yea! Thats why I invest in EOS, NANO, and TRON because I prefer gimmicky marketing and cool logos!

>>13924733
For you

>>13924409
>>13924507
based

>>13921361
CSW just tried to patent it.

>>13924507
But doesn't this solution help ETH scale better? faster and cheaper? by using Chainlink oracles to compute data?

>>13925815
Now you're seeing the big picture

>>13925815
shh...

>>13924450
Have Israel

>>13925815
RLC already has this on lock.

>>13925962
you're a maniac!

>medianizer

Faggots

>>13924520
Prove it

>>13924770
So with this solution do you see more projects using The chainlink network to compute data and then write it back onto the Ethereum blockchain? Not just talking about offchain events or instances. But say for things like crypto kitties. Could something like that use Chainlink to lessen Gas fees and compute in a way that it does not clog the backbone?

>>13922251
Severely underrated post

>>13926036
>Kleros developer shilling his own project over chainlink

Gee I wonder why

>>13926089
>genetic fallacy

Not a rebuttal.

How about addressing his claims (I.e. chainlink is just a medianizer — it is)

> No Guns
> No Compiler
> Key in Cloud architecture

t. Terry

>>13926036
>Source: some numale faggot

>>13926073
In theory...maybe. I think that would really require trusted hardware execution, which has still yet to be developed considering the spectre exploit on intel that was discovered

The reality is anything except API data aggregation is still theoretical, the mainnet rn is exceedingly simple but the nice thing about chainlink is how easy it is to bootstrap *by hand*. There will be mistakes made along the way but it won’t kill the network

All in all the tech is still in its infancy in both adoption and capacity. Even if chainlink helps eth it won’t really be a serious scaling solution in and of itself—eth has a lot of problems chainlink can’t even fix in theory

LINK fags officially IOTA level, calling shit groundbreaking even though its shit that already is useless in other protocols, just search threshold signatures in google

>>13926257
Fucking ad hominem.

Somebody rebutt this... you can’t

>>13926314
I rebutted your mom's asshole, numale faggot

>>13926350
You sound 12 years old, you ducking humonculus; this is serious discussion. I bet you don’t have more than a few thousand link, do you?

>>13926381
>ducking

Phone poster detected

>>13926036
>trust me goy

>>13926461
Sorry, I’m taking a shit. And I want an answer to this question.
Nobody, seems capable of giving one beyond “teehee numale” and “your mom”
It’s clear link tards really are as dumb as they say.
Again, this is a thread with almost no-shitposting (besides my literal posting while taking a shit, and you two dweebs). I’m really curious if someone can give a serious answer to this issue.

>>13923941
Not true, because for 1000 API calls, there would still be 1000 payouts, even if it's all written to Ethereum at one time, no?
Some non-brainlet tell me why that's wrong

>>13926293
That’s all a solution to creating better multi-sig solutions. Seems to be the same name, but different problem being solved. Did you just google this and literally not read a single thing? Or do you not understand what link is proposing?

>>13926293

>>13926571
It’s not the same thing. What the solutions describe in your screencap is a way to have numerous data points validate a signature (I.e. password, SMA verification, google auto, etc) or something similar to that. What is being described in the thread is a way bundling numerous eth transactions in one contract.

>>13926518
I dunno dude. Do you're own research because i'm a 135 iq brainlet. I studied chemistry instead of computers and so all this shit is over my head. But it feels right. It feels like smart money is on this and this feels like a shakeout. If Chainlink makes secure interface with the blockchain 1000x more efficient, how can it fail? Can you think of a technology that made an industry that much more efficient and failed? In the end its a 50-50: are you right or are you wrong? I think i'm right and i'm not selling.

>>13926606
I only did what he asked, I didn't actually read any of it. That would require effort and I'm not in crypto to work.

>>13926743
I like the way you think, some shady shit went down today. If Link is shit, who was buying during that monster sell off?

>>13926606
Hate to say it but it’s literally the same concept. This isn’t some genius mathematical innovation, it’s a long established concept with a new proposed use case.

>>13926743
It’s not about making it more efficient, it’s about making it useful at all. If it actually works and scales, Chainlink just happens to make it more efficient st the same time

>>13926812
All I want to know is if that hidden LINK discord group is bullish on LINK or not, are they trying to get newfags to sell? I know someone from it is reading this

>>13926812
>>13926863
well fellas, all i can say is lets get fucking rich

>>13926863
>not a genius mathematical innovation

Ok, well that doesn’t bother me. Smart phones weren’t a genius invention either, it was Apple’s implementation that was genius.

What I’m more concerned about is the Kleros faggot

Last dip before the moon FOMO linkies !!

>>13926915
>Apple
Didn't Nokia have the first smartphone? Apple just knew how to market it?

>>13926881
Sounds like a plan, not selling.

>>13924442
Yes, this is why vitalik hates sergey

>>13926881
As long as you’re ready to wait 10 years, and hodl through probably the most brutal crypto and global financial crashes ever seen, then yes you have a 5% chance in my estimate of making a 10k x return

>>13926915
Kleros? Aware me

>>13920486
>sergay can't even format a static web page correctly

In all likelihood LINK will never break $1.50 again.

>>13927431
That’s what I was trying to say (technically I think HP, palm pilot, and handspring were there first), just poorly worded. Apple took and innovation and implemented it well.

What I’m trying to say is, usually someone who is the equivalent of a scientist will come along and invent something, while a slightly less autistic fuck will make it normie ready. See ford, apple, etc.

>>13927682
Oh ok
Thanks for telling me that. I always listen to what a random anon says on 4chan

>>13927566
See
>>13926036
And>>13926505

Eric Holder had Paul Walker assassinated to cover up his illegal gun smuggling operation in Mexico known as Fast and Furious.

>>13927789
You’re a maniac

SOLVED THRESHOLD SIGNATURES (WHATEVER THEY ARE) BUT IT DOESN'T SOLVE THE ORACLE PROBLEM AAAAAAAAAAHAHAHAHAHAAHAHHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA LINKIES BTFO

>>13927803
It finish the God Protocol

>>13920784
>need genius iq
Brainlet detected
>he thinks being at or slightly above the intellect of the general public makes him not a brainlet

>>13927798

>>13927865
YOURE SUCH A MANIAC!!!

>>13920486
Literally masturbating to the ChainLink blogposts right now. Brainlets will stay poor.

>>13924409
Thank you for the breakdown CalAnon. So the ConsenSys/aggregation mechanism is first being done within CL TEE.

CL is God-Protocol

>>13920486
This is the biggest news for Chainlink by far.

Offchain aggregation using Threshold Signatures will allow thousands of oracles to respond to a request for only 18k gas.

This has effectively fixed Eth scalling. Because of this every single project will be using Chainlink to compute, aggregate answers to the Ethereum chain. off-chain or on-chain, it doesn't matter.

this is huge as Chainlink became the most necessary component for any project worried about clogging the mainchain of ethereum.

Get ready guys. $1000 is fud. like for real.

>>13924461
>>13924409
>>13924507
anon is right. t. comp sci guy who read the sheet, minored in econ and almost minored in statistics except for a single course.

It's a very solid way to aggregate data outside of the ethereum network, or any other network.

>>13924442
>>13924659
this is the dumbest shit i've seen on biz in years. holy christ do some sort of self-thinking

>>13924599
you're likely right. however, i'm willing to see as an experiment how POS works. I don't think it's great for mining purposes, but I like it for LINK where it's a penalty for providing data.

Also, good thinking on your last paragraph. ETH, even though it is super rough around the edges, has all the developer momntum (largest, active community) which is colossally important. ETH will be the winner here.

>>13924652
LINK is not a better version of ETH because ETH is a smart contract platform; link just provides data. Two totally different platforms.

>>13923710
It's for LINK, not ETH. Imagine 2000 nodes providing data to 1 contract. Normally it would cost 0.50-1.50$ * the number of nodes (2000). That would mean a single contract would cause 1000$-3000$ in gas fees per contract.

With the new system, it would aggregate *outside of ETH* using a mathmatically proven method, and then send that single response for a single gas price of 0.50.

>>13924014
based anon who understands himself and doesn't ask the most retarded fucking questions like (will this work for BAT)

>>13924198
dummy the payment literally is the same method as the fufillment, which is called by any oracle request as a callback method.

>>13925815
it doesnt help ETH scale, bc they have their own network that has its own set of requirements.>>13924770
this is true. LINK can move to other networks but it will take almost the entirity of its existing development to move to another:

network
langauge
protocol

and require a new round of audits. ETH not scaling would be pretty bad.

>>13926518
i doubt the guy has braincells

It's just a made up buzzword to cope with the absolute trainwreck that link has become.

>>13926036
>>13926518
seriously the guy is a numale. He is solely speaking about the current state of link (private network of nodes), not the desired / planned state (10,000+ nodes that anyone can run). I wouldn't expect him, especially if his project is legit, to know anything about LINK. Also, the dude reeks of numale, I hate to say it. I see his face and think FAGGOT without any chance to suppress it.

>>13926531
there would be 1000 payouts, but in theory there's a way to send all of those in the same transaction since it is the same contract. IDK how that would work though

>>13923831
No read everything again, this is not how it can work

>>13928561
No, I know. He seems like the fucking worst. The level of smug on his face and his writing is otherworldly — a trait I immediately don’t trust.

But I’m not going to just dismiss some decent fud like that on 90% of my bags without grilling the fuck out of their telegram and researching this “dude’s” claims. Will have to wait for tomorrow, though, I’m done for the night — been at this for 18 hrs today.

>>13921814
thats becahse chain link is legit and not a fuckin financial grab. its a legitimate technological revolution

>>13928714

>>13928714
exactly check em

>>13928714
checked

>>13923815
I sold at 11700 sats, so that will be the new bottom. I always find the bottom by selling, its like a curse

>>13928487
thanks fren

Different project, same topic. Easier to understand maybe : https://blog.keep.network/threshold-signatures-ff2c2b98d9c7

What/how long will it take to get to the stage of mainnet where anybody can plug in and run a node?

>>13928934
I think if you had your infrastructure and node up now you could contact them to review your setup

>>13920486
Sig BBEER!

>>13922200

ETH token would only continue to gain value with an increased network effect. It would take years of a fleshed out adoption of blockchain for ETH's true price to come about.

I brought my link total to just over 1000 tonight. Was waiting for it to dump so I could buy in. Feels pretty good. From here on out I'll just be making small purchases.

>>13921680
He just said that

IT’S OVER

HAHAHAHAHAHAHAHAHAHAHAHABABABABABAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>13924409
>>13924599
>bottleneck for chainlink scaling will be dependent on how well the underlying contract platform scales

Ok, so given that, what’s to say something like EOS wouldn’t eventually be the obvious better choice for LINK to run on?

inb4:
>REEEEE eos isn’t decentralized shitcoin AAA
I know. And I’m an ETH fanboi.

But the fact is the numbers show EOS is used WAYYY more than ETH for dapps. It scales better (currently). Period.

Discuss

>>13929611
Because
>bottleneck for chainlink scaling will be dependent on how well the underlying contract platform scales
Is wrong and so are all your shitty conclusions from this.
Let me help you out:
>chainlink scaling is NOT dependent on how well the underlying contract platform scales.
Nigger nolinker faggot

>>13926505
god i missed him

>>13929611
Chainlink is portable to any evm based blockchain

>>13929986
having code written in solidity is not the same as being portable to any EVM-based blockchain, though it could be done with work

look through their github repo, they assume that Ethereum is the underlying system - that goes from literally writing "Ethereum" or "ETH" in their code to using Ethereum-specific dev tooling like Truffle

any migration would necessarily involve updating all of those, and it's unlikely that integrating with e.g. Tendermint would work _exactly_ the same

>>13929886
Oh, so it’s literally the opposite of what the caltech math guy said? Better pick a fight with him then >>13924409

>>13920918
So you're saying Chainlink just rendered ETH into it's own personal database (and a platform for ERC-721 game items I guess.)

>>13928672
don't waste your time, he spammed his shit all over here a month back, very pathetic little man.

>>13929986
You need to listen to more sergey talks, he literally said this

>>13929611
>EOS is used WAYYY more than ETH for dapps
If transactions are free of course it is. I can generate all the transactions and volume I want by shifting money between my right and left pockets.

>>13928755
Checked

>>13928487
I needed to read this for a comfy sleep tonight anon, thank you

>>13928487
>Imagine 2000 nodes providing data to 1 contract. Normally it would cost 0.50-1.50$ * the number of nodes (2000). That would mean a single contract would cause 1000$-3000$ in gas fees per contract.
>With the new system, it would aggregate *outside of ETH* using a mathmatically proven method, and then send that single response for a single gas price of 0.50.
Finally LINK is explained.

>>13928169
Dude so are YOU. you are in EVERY thread saying the EXACT same thing!
>the definition of insanity is doing the same thing over and over again, while expecting different outcomes

>>13928483
based

>>13923941

In a sense LINK is like BNB but it saves you money, across any blockchain, tell me why nobody would hoard link. This is like WinZIP on another level.

>>13920918
>because it's to complicated
>to

Kill yourself you fucking nigger.

Greetings from Finland!

So, should I swing link, and if so, when do I buy back in?

>>13927733
> Apple took and innovation and implemented it well.

Apple had devices that were similar to its competitors before the iphone. What set the iphone apart was the timing - capacitive touch was just becoming affordable and was one of the key drivers of the original iphones success. There were a few other points of tech that really helped it as well which were just becoming mature. Obviously also marketing but its not like they were slack on this previously - the newton was not exactly a household name but would have been marketed, etc.

>>13930045
A Chainlink node’s ability to handle data requests is much different from a blockchain’s transaction limit.
>pic related
Jonny also discussed this in the discord. He seemed to express no concern at all. Not sure what this anon knows that the team doesn’t about scaling. Sergey has also never addressed it presumably because that’s an issue for blockchains, not chainlink. Thus, not a bottleneck at all.

>>13930839
The swing trade was selling at $1.33 and buying back in now my dude

>>13930920
Dont think it will drop lower than this?

>>13930946
It might, but now it is just gambling again

>>13920486
Is this a good chance for me to buy?

>>13929886
>>13930045
They mean in an adoption sense.

If ETH doesn't get it's shit together, and no one uses it because of scalability issues...then no one will have a use for LINK. UNTIL it's ported over, tested, and possibly re-written for another blockchain, which could take years.

LINK only works if ETH works, for now.

The blog post was nothing.
Its just a way to bundle multiple JSON Parsers under one JSON Parser to save on electricity costs.

>>13928487
So, link token price stable at $1 was not a meme after all

Biz just got justed

Dont sell anon, we will be rich soon

https://youtu.be/3Edk4R4g82Y

>>13930910
nice