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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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13924676 No.13924676 [Reply] [Original]

typical chainlink oracle request:
https://etherscan.io/tx/0x501eede35a150d784a6a2b8da2debe637ad51d2af36eb79bc40a5297d5ddd0ee


Transaction Fee:
0.0075688 Ether ($1.92) (20 Gwei)

estimated:
10 Gwei = $.96
5 Gwei = $.48

Link unironically makes chainlink unusable due to the gas fees needed to transfer the tokens

>> No.13924691

did you even read the second blog post

>> No.13924707

delete

>> No.13924709

>>13924676
https://blog.chain.link/threshold-signatures-in-chainlink/

>> No.13924721

Chainlink makes <80 IQ niggers obsolete

>> No.13924734

>>13924709
This kills the fud.

>> No.13924748
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13924748

>>13924709
>threshold-signatures

>> No.13924752

>>13924676
sounds like an ETH problem and not a link problem, thank god link is blockchain agnostic

>> No.13924757

>>13924748
Satoshis narcissism will be his downfall.
Mark my words.

>> No.13924759

>>13924676
>muh transaction fees
Read the blogpost, the part about threshold signatures.

>> No.13924788

>>13924676
well the current version of chainlink is practically useless anyway. by the time they release an actual working product (with reputation, staking, SGX, etc) ETH 2.0 will probably be out. just 2 more years stinkmarines, keep hodling!

>> No.13924794 [DELETED] 

>>13924721
The cotton gin and john deer did that a long time ago.

>> No.13924810

They really never looked into LAVA network, huh?
Literally already solved the GAS question

>> No.13924875

>>13924788
The problem with this line of thinning is that eth 2.0 will actually never be rolled out

>> No.13924912
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13924912

HOLY FUCK THE REQ MARINES WERE RIGT THEY BUILT THEIR OWN SCALING SOLUTION LMAOOOOO

AND THE LINK MARINES ARE GETTING FUCKED BECAUSE BLOCKCHAINS CANT SCALE LMAOOOOOOOOOOO

SHOULDVE REALIZED THIS EARLIER DUMBFUCKS

>> No.13924936

>>13924788
You don't get it, do you?
No matter much ETH improves its scaling, Chainlink will improve it several thousandfold. Literally, because threshold signatures can literally turn thousands of transactions into one on-chain transaction.
Welcome to the wonderful world of off-chain consensus, aka oracles.

And the threshold signatures are just one side benefit of Chainlink.

>> No.13924943

Not a link holder but this is quite a nice writeup. Made some videos about ECC myself.

>> No.13925202

why the fuck would anyone pay 2 dollars for data lmfao

>> No.13925244

>>13924748
Imagine not knowing how easy it is to patent the same technology under a slightly different name and described functionality to bypass the robots at the patent office. Nice fud but it’s time I start killing this one off. Fuck CSW

>> No.13925260

>>13924912
Threshold signatures

>> No.13925278
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13925278

>tfw some retards were posting this FUD this very morning
>LINK team anticipated it and BTFO all the nolinkers with the second blog post

>> No.13925311

>>13925278
Just need to wait two more years to implement main net v2

>> No.13925346

>>13924734
Its not actually implemented, the audit is still pending. sell now. mainnet presentation was a fiasco

>> No.13925357

>>13925260
Its still being audited. Yeah, there are end to end test done, but the work isnt audited so its not ready. 5k sats its next target. rebuy there

>> No.13925368

>>13925357
>>13925346
Try harder discord tranny.

>> No.13925381

>>13925368
Wtf is a discord tranny you ducking neet not everyone speaks your gay link language

>> No.13925423
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13925423

Imagine paying $2 just to check the price of your meme coin, every time. Knowing you incels, that's like what, $100 a day? You know you can literally just type in google "eth price" and get the result for free right?

>> No.13925444

>>13925423
>You know you can literally just type in google "eth price" and get the result for free right?
fuckin kek. Why didnt we think of this before?

>> No.13925453
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13925453

>>13924676
RLC makes LINK obsolete
>>>13924969