/biz/ - Business & Finance

cope harder fagit

>>14250051
You're right, blockchain is useless.

>>14250078
Right, only is good for speculation

>>14250051
>From his perspective do not see any real value for decentralization
yes. it's everyone else who has it wrong
>main problem of the SmartContracts there are the sources and this is manipulable still
counter parties can agree on multiple sources that are aggregated and a consensus reached
> sell data between companies
sure. but can they sell the data to a smart contract without an oracle
>not leaving control to third parties.
who is the third party in a decentralized network

either you gave a shit explanation, or you should tell the engineer to quit. or read up more on smart contracts and oracles

>>14250051
yes chainlink very trash, if poo in the ocean gets washed away very smart contract is not legit anymore. so no chainlink is good, because fake data. fuck blockchain!!

>>14250126
Kek this made me laugh and makes complete sense . OP is a faggot

>imagine crafting a post THIS long just in hope to get in one or two cents cheaper

You guys are getting desperate, lmfao.

>>14250051
>bigmac oracle, could you go check if the flood is real
>faggot oracle, could you also do the same
>looks like both oracles said its real, 10 links have been deposited in your wallet.

>>14250102
>>14250051
>le dev meme
Pls kys you insufferable faggot

>>14250051
Thx. Sold all my Link

>>14250051
Never fucking selling

There is no decentralised oracle network. ChainLink is an illegal ICO which is illegal to trade for US citizens. Both of these statments are objective facts. Enjoy permanent poverty.

I'm actually more qualified to talk about this than most anons. I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

>>14250126
>counter parties can agree on multiple sources that are aggregated and a consensus reached
Could you please explain this to a retarded? How can a company veify that the source of the data is not cheating?

>>14250051
You have terrible English. Admit you’re a pajeet fudder.

>>14250051
I'd like to see these fags find a better way to automatically look up the price of ETH and commit it to a smart contract.

>>14250194
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

>>14250051
im gonna be honest op, you dont seem to understand link.

>>14250246
The copest one.

>Audited solutions
Good thing Chainlink is an audited product then.
>financial derivatives prefer closed
Did you know that before the internet businesses preferred to use physical mail instead of email? Amazing isn't it.

>>14250051
>hurrr sources are manipulable
And yet the world as we know it runs on those exact same sources.

>>14250246

>>14250194

Lol this fud combo pasta is classic, saw this same pasta since2017

>>14250194
this!

here is the difference between sheep who dont want to listen to reality and are disconnected with the business world and want to make a quick buck, and people who actually know the tech business.

i couldnt agree with you more. the day people realize no one actually uses crypto or tokens for anything except gambling is the day the tulip mania is over

>>14250051
I believe you anon. Just sold

>>14250051
why the fuck would anyone care what a C tier engineer thinks? get real you fuckers are nothing

>>14250199
They can't and that would be a matter to resolve off-chain.

>>14250126
Bandwagon Fallacy

>>14250194
>'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS

Was this ever intended to be real fud? Because it's clearly ironic, or from the mind of a total brainlet

>>14250051

Basically your manager is a stubborn boomer and doesn’t even want to take the time to research it. Very common in tech industry. The smugness is unreal. Even something like a different programming language has this kind of weird justifying from these types.

Just let them seethe when it moons

>>14250313
No you didn’t. They are both from 2018.

>>14250051

I've been in LINK since Oct 17 and this brainlet FUD has been debunked numerous times.

The whole point of a decentralised oracle is ensuring the moment data is requested you have the sureity of knowing that the data is completely tamperproof. No one is claiming that the data will guaranteed to be correct at source - this is literally impossible, but you are guaranteeing that as soon as that data is fed into the contract there is absolutely no way it can do anything apart from being fed into aggregation mechanism and into the contract.

Tell you devops 110 IQ python smuggie faggot to read more.

If you're going to try and FUD at least learn English. Fucking cretin.

>>14250051

>For example you do not know flood is real
Ok so you set up your node to report a flood when there wasn't one. Other nodes pull data from multiple sources which report there is no flood.

Congrats you just lost all the LINK you had as collateral on your node and get penalised in reputation. The data is fed into contract from an aggregate of the responses from the other nodes and it continues as normal. To execute the contract erroneously you will have to have the ability to make every weather API in existence report the flood is real. Also the data request will be running segregated in Intel sgx enclave so you won't even know that your node is reporting weather data to an insurance contract anyway.

Fuck out of here pajeet.

>>14251200

There is nothing to research. Your StainStink is inept JSON -parser that is not even decentralized and has not solved their Sybil problem.

It's pure, unfiltered, shit and will be $0.001 when people finally understand just how much they were fucked by Sergay.

>>14251372
>fucked by Sergay
Oh boy please let it happen

>>14251316

Oh, you had 20 nodes set up by one guy because StainStink has absolutely nothing to guard it up from a Sybil attack? Every node then tells you there is a flood when in reality there isn't one. You just got fucked out of your money, solly.

>>14250051
I showed ChainLink to an ultra engineer(like an engineer only smerter). He said
>“Shit nigga! Dat shit dank! Aint no fukkin way that shit going to be any less than $1000 per LINK by the end of the year!”
He is the highest ranking ultra engineer in all of Scottland. So its his word against yours OP, and I am going with his.

>>14251384

I know you are a bag holder trying to swing, it's comfy knowing I literally never have to degrade myself since I'm sitting on a beefy stack with a 20c buy in average.

>>14250126
What happens when a consencus can't be reached by differing values of providers?

>>14250051
Is your friend Jewish by any chance?

>>14250051
true there are a strictly limited amount of information that can be gathered from an incident for an insurance claim. But chainlink is mainly situated for the derivatives market anyway. Your example is shit anyway its easy to get many sources on something as public as a flood. Weather readings, flood warnings, news reports are all multiple sources that can be fed

>>14252177
Can you give a better example?

>>14250051
You had two years to accumulate, ya lazy dipshit.

>>14252218
It is possible to forecast the price of oil based on the weather conditions over the seas. Which makes sense as oil would be hard to move in rough conditions. Buying into these futures is the derivatives market. With chianlink it cuts out a lot of the paper pushing and trust related contracts. For example you could do it in a website however, with large amounts of money say millions of dollars you aren't just going the freely give it to them and hope they don't exit scam you. In this case you would use a legal contract. With samrt contracts it cuts out the legal contract and now can terminate on given conditions making it both cheaper and more efficient.

>>14250051
>devops
>engineer
Pick one

>>14250051
I've shilled chainlink to devs and upper management in big tech companies for the last year and they were all myopic to give it the time of day. What do you think these people would have said if you told them about btc and dlt back in 2011?

>>14250204
this
he tries to write smart, but just makes it look weird.
he's obviously not educated to first-world standards.

>>14250051
You should probably think about taking some private English lessons, then you'll be able to express yourself better

>>14250051
Yep, I would take his word over all the other companies that have invested millions in Smartcontract development. Lol

No one has been able to give a convincing argument to why Chainlink has a future. The world is not going to stop without them.

>>14253115
If blockchain and smart contracts have a future, then chainlink has a future

>>14250624
Not an argument

>>14250051
> I am making an appeal to authority and I will also reference another appeal to authority with reddit spacing and my 0 proof larp
> same stale data entry fallibility argument
> my IQ is about 50 please give me your cheap bags

Translation complete.
Saged and hidden.

>>14253115

security reasons. If you have agreements with multiple parties that involve a substantial amount of money smartcontracts can be used to enable more trust. The idea is that blockchains are temperproof. Other forms of digital argeements can be hacked.

>>14253255
You can develop SmartContracts with a centralized database that can execute only if you get a legit value from multiple parties.

Look at all this repackaged FUD. We already dealt with this in 2017/2018. The only source of new FUD is “did google REALLY integrate” (yes they did).
You realize for months on end some really intelligent people debated everything they could think of about decentralized oracles? The first thing that you think up is not sufficient enough in comparison to the depth of arguments these anons went into.

>>14250194

Fundamentally, I’ve noticed a lot of new posters in the last 69hr (SIXTY NINE) asking about Chainlink and just wanted to warn you. Chainlink is shilled HEAVILY here and it’s very hard to understand so this background is crucial to ensure you stay safe.

Basically, a bunch of RACIST WHITE CIS MALE 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.

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 (IT WAS BESIDE THE FUCKING TOILETS FOR FUCK'S SAKES, YOU COULD HEAR THEM FLUSHING), literally no news or partnership came from the event.

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.
The coin is HEAVILY manipulated by a literal TRANNY DISCORD who pump and dump this coin more than their boyfriends pump and dump hot cum into their asses, and the supply is dried up from huge fucking chink whales (xi jinping is rumoured to hold link) who accumulated below ICO price to create a artificially lower supply.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser (OH MY GOD ITS JSON PARSER...) for smart contracts (LOL HOW CAN A CONTRACT BE "SMART"???), would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. You're literally just buying a wh*tepaper.

They only have 2 devs who are literal pajeets who are payed in big macs (non beef) and Surgay NAZAJEET is a literal psychologist (trusting a shrink? is he gonna tell us to go clean our room next?). So FUNDAMENTALLY, it's a scam, ok thanks.

Now go do the needful and fundamentally buy a real coin with fundamentals like [insert pajeet p&d #23457].

>>14250051
You mean was bought by Salesforce you fucking dumb poo in the loo. Devops "engineers" are just glorified IT.

>>14253338
And who gives this "legit" value/data to the smart contract/database?
An oracle will always exist. A decentralized one > centralized one.
Buy now or cope forever.

>>14253759
>Look at all this repackaged FUD. We already dealt with this in 2017/2018. The only source of new FUD is “did google REALLY integrate” (yes they did).
kek, why are linkies dirty liars? Google did not integrate anything, and this FUD was never addressed in 2018. Stop lying to pump your bags.

Anyone who is not a linky reading this. DO NOT TRUST LINKIES. They constantly lie

>>14253885
thanks just sold all my linkies

really saved me there

>>14253806
I love this pasta

>>14253837
>Devops "engineers" are just glorified IT.
Aside from handling weird ass source code management/build+release systems if you're on-prem, this is essentially correct.

>t. IBM DevOps for legacy software from Hell

>>14253923
thanks, im actually the anon who made it (edited it from the original)
i've rarely seen anyone else post it.

>>14253937
Pretty much, and it's rare in today's world. Set up an RDS in aws which is simply clicking a few buttons... Boom devops engineer. Oh I set up a new plug-in for the ci process. Damn here is you 6 figure salary

>>14253885
>For example, if an insure company must pay for a flood in home, there is no point in having Chainlink decentralized if you do not know if that flood is real
>FUD: oracles are useless if data source is centralized because of tampering
>answer: implying there isn’t a way to prove tampering occurred and penalize accordingly

As far as google goes, you’re actually retarded for thinking Google didn’t actually integrate. The whole point of chainlink is to sell your cloud services and data. Is google announces chainlink, they are doing so for that reason (which is in the article, ML services sold to smart contracts for example).

Why would chainlink tweet out “integrated chainlink in their approach to smart contracts” if it were a lie? They have done everything right until now when it comes to not promising false shit. Does that discipline fly out the window with one of the biggest integration announcements for a crypto start up ever?


>Sergey already talking

>>14254070
Phone posting so random green text at end lol

>>14254070
Lie lie lie lie.

Google did not announce anything. THIS IS A LIE. Read the blog post. It's not an announcement.

It makes 0 financial sense for Google to use Link.

They also lied about Swift being a partner.

STOP FUCKING LYING TO PUMP YOUR BAGS.

Any non-linky reading this, DO NOT TRUST THEM, THEY ARE LYING. Do you own research and see the lie for yourself.

>>14254198
yikes yikes yikes the swinger is getting nervous now

>>14254198
>official Google blogpost
>not an announcement
You have problems with basic definition of words. Are you a foreigner?

>>14254236
Lie lie lie lie lie. Why do you keep lying? A blog post is not an announcement. Everyone knows that. Read their other blog posts. None of the are announcements either. NON-LINKES STAY AWAY FROM THESE COMPULSIVE LIARS. THEY LIE TO PUMP THEIR BAGS

>>14254259
It's all so tiresome. Can you just stop

>>14250051
>I is can't into English
>Betrusten me
>sells Chenlink!!!!!?!!
You can still buy in. Here's a breadcrumb for you: I work with an F500 company integrating Chainlink. Your LARPing days are over, third worlder.

>>14250194
>>14253923
>IT WAS BESIDE THE FUCKING TOILETS FOR FUCK'S SAKES, YOU COULD HEAR THEM FLUSHING
this line always gets me

Here’s what people reading this need to know about Chainlink, smart contracts, mainnet, and oracles: There are two different kinds of network. The one on blockchain was created by Satoshi, the second chain was created by the people who are going to use those blockchains for the most of things. The reason why they're different on Chainlink is because of different rules. One of the problems with block chain is that the system cannot work if everyone is using the same system, and therefore, they cannot be trusted.
Now this problem has been solved and will continue to get more complex with time, but to understand why it happens, the simplest solution involves using a transaction record. The transaction record is just a set of information to include in a block chain that shows who is talking and what to communicate. These records have the following properties: They are public record (not stored on disk). They are readable and can be sent to and from multiple users or different computers, even within a network. -- They do not contain hidden information. They do, however, need to be verified against public records. They also must be valid for the block to be valid and be kept safe by the network. The transaction's 2xout is always unique within the chain. The other advantage is that a transaction can be verified with a transaction record by sending someone a bitcoin. A bitcoin is not valid if it comes from a wallet that is associated with an organization or an attacker.

>>14254608
The transaction is broadcast immediately -The transaction contains a transaction ID that can be linked to another transaction (for example, a transaction that includes the timestamp of the previous transaction).

Each transaction includes either a block hash (a hash of the last known block that was created) or a sequence number (which is a list of three consecutive 0's that denote a previous block number). This allows the transaction to be linked to another transaction without having to create or verify a transaction history file with information about past transactions.

With the right tools and knowledge, you can create your own transaction, or create and add transaction outputs to another transaction, or add multiple transactions to a block. You can even use multiple transactions to publish a block, but once they publish the block, it can no longer be altered (an effect of having the same block hash and transaction ID for all).

>>14254259
I've read the blogposts. Apparently you didn't.
Reading is not hard, try it.
Google = chainlink partner

>>14254278
Notice how emotional FUD people are. They are shitting themselves in fear

>>14254198
You type like a toddler thinks during a tantrum

>>14254629
A blog post that showed an example of how BigQuery can work with Chainlink is a partnership? Weird that out of the numerous partners listed on the Google website Chainlink is not on there. It's as if you're full of shit.

>>14250051
>Im-
Nobody asked
>From his perspective-
Nobody cares
>and personally believe-
Read 1 and 2 again
>In their opinion
Ok I'm anon/faggot and in my perspective/opinion I personally believe you should go the fuck back asap and kys, upboat if (you) agree

>>14254730
Yep, a blogpost straight out of Google, approved by their Marketing and PR team and congruent with their long-term sales strategy
cry moar

Uh oh, here comes the brand new polished FUD propaganda.

>>14250051
A real world application for crypto is better than anything else on the market. Even if it's a small portion of the market, it's a large amount.

>>14254730
buy. now. or. cope. forever.

>>14251384
Ok guys, so this is something I’ve thought about. Currently the way I’ve understood everyone else’s understanding of how nodes work is that each node is dedicated towards one data source. This always irked me and seemed dumb (really isn’t decentralized). Ideally each node should be able to point itself at whatever data source the network needs at that moment. But then, that creates a separate problem. How do data sources get picked? Would seem that it would now be left to the chainlink team to connect to each data source (this is obviously unfeasible as it would be a MASSIVE undertaking). Node operators getting to pick their data sources and then be sort of “lords of those realms” is what makes it worthwhile. A work around for this that I can imagine is as follows:

>Node operators still pick and connect to data sources.
>The network recognizes them as the initial implementors of said data sources
>The node operator then begins being assigned jobs as they come online
>Said node operator may never even be assigned a job for that data source
>Instead separate nodes are constantly shuffled for whenever a job requires that data
>however since the network recognizes that the one node created that data source it pays out a small bonus to the original node as an incentivization tool to have node operators seek out new data sources

This scheme would basically remove all chances of Sybil atacks (especially as the network grew). As well as create an environment where node operators are even more inclined to constantly be looking for new data points.

Phoneposted and tripfagged for posterity - no bully

>>14255141

>>14250051
You only need a few more classes to refine your English! You are doing great! That being said, you are in fact a faggot. What you are suggesting will be one of the LAST use cases to appear for LINK as it requires highly advanced and decentralized IOT. Meanwhile determinstic inputs/outputs for derivatives contracts are easy enough to execute. The value of decentralization will be between all the blockchains if nothing else.