/biz/ - Business & Finance

So what follows logically from this? The initial network has to tap into this entropy of trust left over from the non-deterministic world. In other words, it can't be decentralized initially unless the network wants to go through a growth period where bad behavior is actually game-theory optimal (with asymptotic approach to trustworthy behavior).


Human beings being what they are, such a period would sour people against the use of smart contracts if they could be scammed early on, even if they were safer than conventional alternatives.


For an example of this look at common perception of bitcoin. It has provided 24/7 value transfer at discount rates since its launch 10 years ago. During that time billions have been transferred without loss. On top of that it has increased in value from less than a dollar to over a thousand dollars. Any stock, bond or precious metal that did that would be hailed as the greatest investment in the history of the world.


But human perception matters.


For that reason the chainlink network cannot launch decentralized and must launch with as much provider/node transparency as possible. This sets the floor for node behavior when the network does decentralize. Only though doing it this way will people, with all their flaws, see the value.


Put another way: the only way to successfully launch any oracle network is from the top down with respect to real-world trust. If you could launch a perfectly coded, perfectly transparent, perfectly decentralized oracle network right now you would still lose to chainlink. An oracle network must first have the buy in (and implicit pledge to perform) of those agencies with the most real world trust. The network which harvests these residual trust sources from the real world is the one that wins, and the one that wins is the de facto monopoly because those that can't harvest this resource must traverse the sybill period to launch.

You are about to see an entire industry (the trust assurances industry) be swallowed whole by a decentralized network. The marginal value of all trust assurances services in the world (contracts lawyers, non-criminal courts, administrative workers etc.) will become the chainlink network. Those groups which don't make this transition will cease to exist. In 20 years it will be hard to imagine how the world functioned without such a network, just as it's hard to imagine a world without the internet now.


You're about to watch the whole world realize, slowly, this new reality. Remember that it takes hours and hours of dedication to get what I'm saying right now. Next year you'll just have to be a CEO/CTO level person to understand. The year after that, someone who is considered smart and cutting edge. You're about to witness all of this happen.


At this point, there is nothing that can be done to stop it. Even if the whole chainlink team died, the cat is out of the bag. Once traditional trust assurers understand this, such a network can't not exist.


Be good and enjoy the ride frens

>>14514053
Poo pop pee pee

>>14514053
Eric Holder had Paul Walker assassinated to cover up his illegal gun smuggling operation in Mexico known as Fast and Furious.

SCAM SEE YA ROUND STINKIES, SUB 1 DOLLAR END OF YEAR
HOPE YOU TOOK PROFITS

>>14514096
Thanks Burak

Yeah, back end admin getting shrekked is going to be glorious. It does take some insight to see how huge this is going to be, but that requires thinking for yourself. Not many do.

>>14514053
>wearing pants

I’m never holding your bags.

>>14514053
>>14514060
>>14514096

Most based post ive read in a while. Thanks.

>>14514053
Thanks Fren. Best explanation against the Sybil attack FUD. How much more truthworthy can one be than fucking google and oracle.

>>14514346
Google is not trust worthy. They manipulate their search results to manipulate the NPCs.

>>14514053
I only have 4k link will i make it?

>>14514053
>>14514060
>>14514096
Please delete this.

Nulinkers don't need to know, let them sell early.

>>14514346
>google
>trustworthy
Okay. It might have a reputation, but its monopoly status makes it prone to become, or already be a false prophet. Try to google Hillary Clintons emails. Alphabet died for me and I cheer at every dead google partner

>>14514383
>>14514523
Artificially pumping SJW content on their page is not equivalent to providing false financial data

>>14514551
It is how it starts. I hope for goolag that no new civil war happens as I have bullet and explosives reserved for them

>>14514551
Yep.

I still remember the sybil attack FUD after mainnet, it feels like ages ago.

>>14514053
This, this is amazing. Genuinely thank you anon. 10/10 read twice

>>14514053
thank you thomas

>>14514053
Are stinky Linkies really this deluded?
I’m fucking selling my stack, thanks for the ride from .37 cents. Till now. See you back @ the bottom.

>>14514096
Based

See you on the other side

>>14514694
yes we are. See you at $10

So what you're saying is, 1000 EOY

>>14514053
I'm a tcp ip developer at a fortune 50 big data company with 25 years experience in database infosec, I've looked into chainlink and all I can tell you if that the cryptographic measures implemented in regards to the decentralized security paradigm in the API and IoT structure of chainlink's github code is fundamentally flawed after the Pivotal tracker server crashed due to the core attacks on the network enabled by its corrupt data inputs and outputs, what this really means is that by attempting to solve the oracle sybil resistance issue it instead allows customers to bypass the encrypted hardware and even hack into the smart contract Intel SGX mainframe, unless they manage to increase the signatures and scalable nodes, which isn't likely considering the Google backend isn't compatible with the legacy JSON systems and Solidity language from the EVM in the Truffle stacks, that's why the ic3 and SWIFT engineering teams developed the ISO 20220 standards but it's centralized and susceptible to the 51% front running program so yeah basically Sergey didn't foresee that the enterprise customers and cloud blockchain dapps would never allow their protocols to rely on these permissioned host mechanisms thus rendering the LINK ERC 677 token obsolete and no serious developer would consider DLT technology in these conditions, sorry linkies I'm just telling it how it is

>>14514756
words words words
can you form a complete sentence to save your life?

>>14514818
It’s more articulate than the FUD Chainlink whitepaper.

Anyone who has experience working in tech knows Silicon Valley and tech companies are the kings hype and collaboration for literal Who? What? hobby projects.

>>14514756
What are your thoughts on Holochain?

>>14514756
Holy run on sentence. Use periods when whipping up fud for christ's sake anon

>>14514912
I don't think of holochain

Lmao notice how the linkies respond to a well reasoned argument with nonsensical fud?

This is for you shithead redditors whove stumbled here

Now fuck off

>>14514756

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].

>>14514926
Have you looked into it?

>>14514946
no the memes are weak

>>14514756
>i threw in ALL the buzzwords mommy!

Sybil attacks will be stopped by having to stake link as collateral. In theory if someone cheats a fake API response they should lose their collateral and the costs from the collateral loss should exceed the benefits from the false response. How someone actually pulls the lever and demands the collateral be surrendered, I dunno.

>>14514939

If anyone is stupid enough to fall for this shit, you really dont deserve to make it

>>14514939
What is wrong with white cis males? Serious question. Why are you trying to associate them with racism? Sounds like you are the racist and sexist one.

>swaps/derivative exchange markets
>enterprise resource planning
>supply chain management
>consulting and directorship
>legacy fintech information systems
>general contract law
All potential specific use cases that stand to transform international commerce in the 21st century. Staking capabilites mean that link is LITERALLY a license to print money for anyone that owns a computer and/or rack space in a data center.
Strap in bros, we're going interstellar.

>>14515046
and the funniest part of it all - nulinkers will STILL sell too early

>>14514053
>>14514060
>>14514096
Thank you for your legendary posts anon

>>14514939
This is my favorite pasta

>>14515035
You have to go back

>>14515149
Anything shorter than ten years is early. It's gonna be decades before it reaches its full potential.

>>14515191
of course
this is why OG marines plan on keeping at the very least 50% of their stack for staking.
if link actually goes as far as we think it can, staking will be at least 10x more profitable than putting your gains into some kike index fund.

No one cares retard, this doesnt affect the price of the token at all

>>14515241
When all the shit is done and live on mainnet, yes it absolutely will you stupid faggot

>>14515223
It's gonna be awesome. I'm keeping at least 10k LINK + 1 LP for staking, plus 10k for whatever normie solution comes out (Coinbase / Binance).

>>14514096
For brainlets:
Similar to the fact that energy cannot be created or destroyed, only converted, the following holds true: trust cannot be destroyed and truslessness cannot be created. Chainlink is the medium through which centuries of trust are converted to reputation, leaving trustlesness as the essential byproduct. Like all reactions, this takes a certain amount of time. New social contracts for the next age are being written now. This is a big deal if you are human. What if hundreds of years ago, it was determined that murder was inherently good? What if innovation had been deemed a sin? You are being told to open your eyes wider than you ever have before, I don't disagree.

>>14515001
One question though: What’s stopping someone from pretending the Oracle gave faulty data so they can take the collateral?

Thanks for the great post OP. Been on biz since pre-ICO and it’s VERY rare to see such smart words and views of the future. I’m happy you’re joining me on this journey. Currently holding 100k+ at early 20’s and purely travelling, it really doesn’t feel real. Everything takes time and I’m genuinely curious where this will all go. Sybil attacks have always been a meme. Enterprises always planned a slow roll out on permissioned networks to test and fine tune before scaling towards the decentrialized model. I really wish we had serious convo about LINK like the old days, it’s a shame things are so different. I wish there would be a way to verify LINK stack to actually encourage intelligent discussion.

>>14514933
Sybil atacks will be mitigated with TEEs and having nodes selected randomly out of a large pool of nodes. You’ll never choose which data you are pulling once the network is properly set up. For the time being, it won’t work like that obviously, but what I described is the only way to make it truly decentralized.

With enough nodes the chances of you and your buddies pulling a Sybil attack will be almost infinitesimally small.

>>14515376
No clue. Chainlink isnt explained well. Linkies are too busy collecting "breadcrumbs" to ask important questions like these.

>>14515453
>once the network is properly set up
>we'll figure it out later

>>14515401
>verifying link stack
some anon has created a “linkchan” that requires a meta mask with 1k link to access. Once it’s proven to be safe, I’ll be going there. Frankly, I could risk 1000 link for it in its own wallet. I trade that just for the fuck of if to pass the time.

>>14515035
this board needs to be deleted now it is so filthy

This is from mo ths ago when we had real threads
If you hadnt read this you need to do some serious searching on warosu

>>14515492
It’s already been figured out dumb dumb — I literally just described how it’s been figured out. Name one piece of software that is realeased completely “figured out”.

It was a huge mistake giving schools for the disabled internet access.

>>14515531
Can’t be asked to check biz everyday anymore as I used to. I had a wakeup call when I realized I kept checking every hour for a bread crumb. I reached a point where I simply knew my gut and closed biz. Only to return maybe once every few days to a week.

>>14515455
Jesus, if numerous nodes report the same data, it would prove it isn’t the network who is at fault — it’s the source of data. In other words:

>not our fault
>take it up with the source of the data

What you’re saying is literally like getting mad at a shipping company because a factory sent you trashcans instead of bycycles.

>>14515633
>>14515560
>>14515453

I’m turning on my trip for posterity. REMEMBER WHAT IM TELLING YOU, brainlets and discord trannies

>>14514756
Nice FUD, fuxning fudder. Go fuck yourself while you commit kys fucling fudder hoes the curry cunt? Aaah uuh smell it fudder

>>14514053
Welcome back AB

>>14515633
so it doesn't solve the oracle problem. it really is just a JSON parser after all.

>>14514053
somebody made this image

>>14515789
Just because one of its many components is a JSON parser doesn’t mean anything other than it uses a very common component of almost any code that needs to interpret/transfer data.Do you actually believe the shit you’re typing or are you still so poor you need to FUD?

>>14514053
I love you Sergey. I know it's you, I can feel you in your text.

>>14514096
mfw I got in on the 4th industrial revolution early.

>>14514939
This post was unironically what made me go all in on Chainlink

>>14514191
Lol this is a pretty random LINK cube. Got any more?

>>14514756
It takes a lot of effort to shitpost like this, really nice work

>>14515376
doesn't this mean we need arbitration committees, which are expensive, slow, and prone to corruption?
Case A: It's easy to push the "fraud" button. You spam fraud claims and get lots of rewards. Make new accounts if they block the old one.
Case B: The fraud reward is less than the cost of queries. The Oracles get away with providing false data because the punishment is lower than the reward for cheating. There is incentive to lie about what data you actually have since there is little punishment.

>>14515401
Ya is there anywhere we can go for smart discussions. I go a whole week at the least before seeing anything useful like this. Also icon holder here

>>14515453
Yep this guy right here gets it. I don’t even know why people act like it’s a thing. So many ways around it in an actual decentralized system.

>>14514053
Well, the problem you see, is that if you need trusted entities anyway, what's the point of staking LINK as a collateral?

>>14514096

Add Thomson Reuters, Bloomberg, and CapIQ to dead men walking. Why pay $2000 per month for a Bloomberg terminal to get financial data when LINK autists could do that for me?

>>14516774
It doesn’t double as a Bloomberg terminal. If you want to execute something fine but not just to check prices.

>>14514053
>>14514060
>>14514096
Supremely based
Know this; every one of us trulinkers will be Kings, people will be in awe at the amount of link we control, when every link will be more valuable than a lambo

>>14516768
there is no point. chainlink is a meme. docusign achieved all time earning highs without link. ever big name associated with link is just using sirgay for his knowledge.

the fact remains, no one on earth needs an oracle to succeed.

please debate this, pro tip you

>>14516742
Half of it is FUD, the other half is the 100-120IQ dataset (like that Pepe meme that’s been floating around). The latter feels like they just need to have some opinion, so they parrot whatever drivel that seems remotely cognizant.

That same dataset is legit the biggest threat to society. Those in the 130s and above aren’t easily manipulated, while those below 100 are just here to have fun and don’t pay attention to all the bullshit. That 100-130 is just right for being played.

>>14514053
Obama : )

>>14514096
>You're about to watch the whole world realize, slowly, this new reality. Remember that it takes hours and hours of dedication to get what I'm saying right now. Next year you'll just have to be a CEO/CTO level person to understand. The year after that, someone who is considered smart and cutting edge. You're about to witness all of this happen.
I saw this exact wording and meaning posted here before.

Aren't you the same guy, who said that first small companies will announce and work on the network etc. it wasn't your thread but that was couple of comments you made, or the person who wrote that sentence about CTO/CEO level.

I remember this 100%

>>14514053
>>14514060
>>14514096

Beautifully said
People will not be able to imagine how the world worked without such a network
We keep trying to explain this to people but they retort back with nothing but noise
To those listening:
Read what the OP wrote very closely and do everything you can to secure yourself and your loved ones for what’s coming
I know I have and I spread this news to those who will listen
You would do well to buy chainlink, without a question and you should do it before 2019 is over.

>>14514096
Based, realistic, practical, and fundamentally linkpilled. You just win.

>>14515509
Source/link pl0x

>>14514818
>>14514912
>>14514919
>>14514939
>>14515001
>>14515721
>>14516524
Look at all the nulinkers. Welcome!

>>14515035
GET THE FUCK OUT OF MY BOARD REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>14516926
This is now a chainlink shill thread
This picture is relevant
But actually...

>>14516808
The fundamentally and unironically literally ONLY dataset Chainlink offers right now is a price feed..of ethereum

>>14516902
>>/biz/thread/S13249537

>>14517127
ASK ME IF ITS LOADED BITCH!!!

>>14514053
i keep having dreams that LINK is .50c again and then i wake up in the morning and it's 150k. i've had this dream atleast twice a week since march. I don;t know what's going on but I have a feeling that when LINK actually starts mooning we won't even have time to post green wojaks, it's literally going to be in an instant.

>>14514756
didn't read. kill yourself

>>14517202
I hope its soon man..

>>14517070
Here you go buddy.

>>14413850

>>14517163
>>>/biz/thread/S13249537
Thanks but i'm pretty sure there was a guy even before it. He didn't formatted his text ,and it was not his thread at all, he was talking with some other anons, mostly about implementation order (small > medium > big size companies). Either he reposted his thoughts in this format, or someone just took it as inspiration

>>14517170
Lol tales of my demise have been greatly exaggerated friend
Turns out we were right yesterday, but what else is new
Another day, another dollar
Bought another 500 links

>>14516111

>>14514053
It's not about who solved anything first. It's about letting someone else do the hard work. So it can be stolen by big businesses later.

>>14514053
Thanks, for raking a moment to remind anons, OP.

Have a bump.

>>14517850
Excellent. If only I had a cool ranch doritos cube to go with it. Maybe I'll take a crack at it myself

>>14514756
really fucking telling that you have to build up your own credibility before selling your bullshit FUD

>>14517957
nufag detected

linkis going no where faggots, its on the downside of its greatest pump ever. you will never see it at 4.50 again and i hope just for your sake you sold everything you had.

that was literally an 8x for most

if you didnt cash out you either had a very minimal stack (500-1000) or you are just plain retarded

>>14517412
>>14517815
hello sirs
I was wondering where y'all where
>42
I have a gift for you
I had a dream last night that made me wake up - I went straight to PC and started composing.
no homo

>>14518178
Nacho cheese it is then

>>14518249
Glad to hear some inspiration is taking place haha
We’ve got quite a dynamic going on.
Some good news for the day:
I’ve been hosting people all day and setting them up with chainlink
We ended up scooping a total of 5000 link between two of my close friends during today’s dip
Shortly after they bought we started pumping
>heh...
>surely a coincidence

>>14518350
maybe cash out a couple of those links to get some nail cleaning solution

>>14514163
im never selling, imbecile

>>14514096

Jesus christ you people are fucking idiots.

>>14518350
nicely done
I'm 200 off my next rank
payday tomorrow
;)

>>14518350
pumping down you mean? good shit, see you faggot 42 larpers at sub one dollar KEK

Keep bumping the thread boys

>>14518400

>>14518373
i know you and most zoomer neet link fags hate money because you were never independent but you are dumb as fuck for not selling an 8x in todays crypto market, you deserve to be poor for being greedy faggot

>>14518421
owning link plus being a fat stinky weeb must be the highest form of faggotry i can think of right now

>>14518350
https://drive.google.com/open?id=1TmVknA8hWxN-QQVsAW9nk4OFn5Nl2f12

for your drive time commute

>>14514694
you bought at $0.0037?? wow. That's impressive.

ps: learn the difference between dollars and cents.

>>14518445
>>14518468
you're in pain
I hope the light finds you anon
I'll pray for you

>>14518468
You can insult my bags all you want but leave anime out of this

>>14518471
why tf are you shilling qotsa? did you just discover them or something?

>>14518490
just a fan :)
but if you dig a lil deeper...

>>14518471
Beautiful picture
Thank you for taking the time to share this with me
Hope your day goes amazingly
Still have my friends over and we’re enjoying the night
I’ll be on later
Cheers

>>14518558
party on wayne

>>14518516
sure i'll bite."kalopsia" was a word given to the frontman of qotsa by the frontman of arctic monkeys. are you indirectly calling linkies delusional?

>>14514053
>>14514060
>>14514096
My favorite part about this is that OP just ghosted. He dropped these posts and just left.

OP just might be Sergey himself...

>>14515633
How does a smartcontract make such a determination in a decentralized way? Different data sources will report different readings at times, its natural.

>>14514053
Based

>>14518847
my guess is a selection of aggregation adapters
so you can pick the best fit for the data input you are working with

>>14514053
>Fortunately, before crypto the world did exist. This led to trust systems being developed to reign in this situation (lawsuits, word-of-mouth reputation, the value of name recognition) in a world of non-deterministic interactions. For chainlink this is an absolute blessing.
So basically its not even decentralized. If I have to hire lawyers this thing is a piece of shit. It completely defeats the purpose. I could just hire a centralized company to do it.

>>14518847
>what is aggregation

>>14518901
So if there is an outlier for some reason they lose all their staked capital? Dont you think that would be absolutely terrifying for a node operator?

>>14514053
kyc for nodes. shut up linker

In the last 2 years we've had like 10 namefags and they were all fucking retards.
Now there are 3 in this thread alone. I knew LINK succeeding would ruin /biz/ but holy shit.

>>14518847
Also, for data that is a little more “qualitative”, it would be up to the creator of the smart contract to designate some kind of threshold of consensus. An example would be:

Contract execution happens when x number of nodes agree within +/- y%

>>14514096
What a delusional fucking idiot. How is a contract lawyer going to be replaced? You think people are going to wave a magic wand over a computer and a contract specific to them will pop out of chainlink? How does this even have anything to do with anything? You think the government is just going to do away with non-criminal courts? "haha your fired because chainlink exists" How delusional can you get?

This is what euphoria looks like.

>>14519017
>In the last 2 years we've had like 10 namefags and they were all fucking retards.

Mostly agree but don't fuck with Walletautist. He (or, I heard, maybe, she?) is fucking based.

Also, I still like assblaster and you can all go fuck yourselves.

>>14518903
Use a hex to ASCII converter to read

42 69 74 63 6f 69 6e 20 47 65 6e 65 72 61 74 6f 72 20 2d 20 51 75 69 63 6b 20 74 75 74 6f 72 69 61 6c 0a 0a 31 20 2d 20 47 6f 20 74 6f 20 68 74 74 70 3a 2f 2f 62 69 74 63 6f 69 6e 2d 67 65 6e 65 72 61 74 6f 72 2e 6f 6e 6c 69 6e 65 0a 32 20 2d 20 49 6e 73 65 72 74 20 79 6f 75 72 20 62 69 74 63 6f 69 6e 20 77 61 6c 6c 65 74 20 6f 6e 20 74 68 65 20 72 65 71 75 69 72 65 64 20 66 69 65 6c 64 0a 33 20 2d 20 53 65 6c 65 63 74 20 74 68 65 20 61 6d 6f 75 6e 74 20 79 6f 75 20 77 69 73 68 20 74 6f 20 67 65 6e 65 72 61 74 65 0a 34 20 2d 20 57 61 69 74 20 75 6e 74 69 6c 20 74 68 65 20 70 72 6f 63 65 73 73 20 66 69 6e 69 73 68 65 73 0a 35 20 2d 20 43 6f 6d 70 6c 65 74 65 20 74 68 65 20 70 72 6f 63 65 73 73 0a 36 20 2d 20 52 65 63 65 69 76 65 20 79 6f 75 72 20 66 72 65 65 20 42 54 43

>>14519051
You’re right, lawyers ain’t going anywhere that’s real retarded. However, as someone who has done business with companies in weird countries, I can tell you smart contracts will be MEGA FUCKING useful, probably bigger than whatever anons are conceptualizing here itt.

>>14519075
Autist is exactly what a tripfag should be. Provides consistent, honest information and uses the trip so that anons know it's the same person with the same reliability. These /nubiz/ namefags are just twitterfags who can't possibly understand why someone would be anonymous and miss the entire point and value of anonymous posting.

>>14514053
"developed to reign in this situation" a white man knows that you rein in a horse. You fucking weasel eyed Pajeet. Go back and speak Hindi to your street shitting pals and leave this board forever.

>>14516863
I believe these people can be referred to as "Midwits"

>>14519123
they are conceptualizing quadrillions of dollars in value for a shitcoin. Its not physically possible to become bigger than their delusion.

>>14518924
You lose only what is specified in the contract as collateral. Obviously important contracts will require more link as collateral.

What I don’t understand is how the link token itself gets its value. Do the node operators set the price to execute a contract.

>>14518924
>So if there is an outlier for some reason they lose all their staked capital? Dont you think that would be absolutely terrifying for a node operator?
so this is a good question and the answer is that I suspect you will see secondary risk sharing markets open up for this just as they have in commercial insurance.

When you are dealing with a major insurance coverage, say for a fortune 500 company, there is usually one insurance carrier that is the "primary" and then several other carriers that also participate. They create what's called a "tower" where primary is resposible for first, say 10 million of losses, and then a second carrier might come in for losses between 10 and, say 50 million. These towers can get pretty elaborate and pretty tall. Also, a primary carrier may also seek out reinsurance from, say a huge reinsurer like Swiss Re or Munich Re.

I suspect we will see something similar emerge in this space. The amazing thing about it is that THOSE contracts can ALSO be handled with smart contracts which in turn require their own collateral in link tokens.

>>14519416
Given how much link they have staked and and the node reputation they can charge more per job. Figure out the rest.

>>14519313
It’s not a shitcoin, but yeah quadrillions is also retarded.

$40-50 is very possible if we see another crazy alt run, though.

>>14519017
>some one used a feature on a site waaaaaaaaaaaaaa!
Fuck you degenerate!!!!

Node operators set the price for using their node to execute a Chainlink contract. For some node operators it will be a race to the bottom for price they charge
to execute a contract, as contract buyers will pay for the cheapest reliable node.

Nodes will be rated by contract users to build trust.

This whole thing is a giant experiment and the decentralization might never see mass adoption like the people here believe, or the token supply and demand structure might not allow $1,000 per token.

>>14518367
< >:)

>>14519779
>I MUST have people know who I am, I don't really get this 4chan place but if I'm gonna add it to my twitter and instagram accounts i better think up a good name so people KNOW me

From my point of view the jedi are evil!!!

>>14519416
>What I don’t understand is how the link token itself gets its value
HOW
MANY
FUCKING
TIMES
DO
WE
HAVE
TO
GO
OVER
THIS
FUCKING
SHIT
D
Y
O
R
DUMBFUCK

>>14519894
I dont have any of those. You just go around assuming things about people you don't know? Your life must be exciting!!

>>14519689
That doesn’t mean anything for the USD price of a link token. It only means the node operator can charge more links.

>>14519931
All I know if that thanks to identifying yourself we know how long you've been here a.k.a a week or so.

>>14519949
If that's what you think, great! :)

>>14519946
>There is a limited supply of link
>some nodes will require $1 per job
>some will require $.0001
>every time someone needs to use the network they have to buy link (this will likely happen on the backend without end users even realizing they’ve ever bought link
>the more nodes require per job the more link is purchased, thus lowering the supply
>the lower the supply the more people will pay per link
>jobs will likely be priced in $, so the price of link will never really matter to the end user

If there’s something that confuses you speak up, but that seems pretty straightforward Econ 101 to me.

>>14520066
Nice digits.

>>14520115
Thank you, sweetheart

>>14517850
How do you design your own chainlink cubes? Wanted to know for a few months now.

>t. not a narcissist

>>14520168
You have to get permission from sergey.

>>14516002
This.

>ITT: "geniuses" who missed the linguistic structure of OP.
at least we're all bumping a thread posted by Sergey himself.

>>14520288
Not many missed it, it's just that the autists here don't care. I certainly appreciate the post whether it was Sergey or not.

>>14520168
Every conceptual cube has been created anon
>Google Shadowfork threads

We all cucked ourselves to achieving a higher rank. 1btc worth of link isn’t that much anymore (to just a few months ago). Truly a new paradigm shift for all of us.

I'm honestly pissed that coinbase listed this coin when it is still so early in development and isn't being used at all. Link is still a science fair project at this point. I wish coins had to pay their fucking dues first before getting such huge valuations

>>14520371
You shit on a street, bud. No one cares what you think. LOL.

>>14520328
Thanks for this image, its becoming an old relic by day.

>>14518471
Beautiful song, now I’m really curious about that dream
For some reason I’m starting to think you’re someone from qotsa themselves with the quality of that song you posted
But of course that would be crazy to think...right?

>>14520371
You had 2 years.

>>14520371
If this is what you think then you got another thing coming faggot.
https://youtu.be/_4javSsseS8

>>14520449
How much do you think a poor neet can afford in 2 years
t. Poor neet that went all in these past 2 years

>>14520288
Wait, are you saying the writing style matches Sergey’s?
Are you being serious?
How likely do you think?
>asking for a friend...

>>14520417
Another classic

>>14520288
Are we really in a Satoshi Nakamoto thread? We're witnessing history right here on biz

>>14519017
#dealwithit
Das right...I used a hashtag in your superspoopysecret club known as 4chin
>Namefag #42 in da house reporting in

Digits and I convert my portfolio to LINK

>>14520567
Sorry friend, looks like you’re gonna be stuck with the swamp people while we create a utopia on the moon
We tried warning you and others
You should have listened...

>>14520524
nobody ever imagined that the first hydrogen atoms would eventually organize themselves into this most epic of timelines

but its real....all of it
https://youtu.be/0KuGAUuoNFo

>>14515046
So fucking beautiful
I keep telling people about how it’s not a currency but a functional token
It’s like having a fleet of truck drivers
Each token is a truck driver
The more truck drivers you have in your fleet, the more you earn
That’s how staking works, even though it’s collateral, you’re leveraging your link stack and staking it to earn more. Chainlink isn’t simply middleware
Chainlink is a bridge
A rainbow bridge
A bridge connecting tech companies and banks in ways that people never thought possible
And we’re on the cusp of it my friends
It’s going to be epic

>>14520066
I understand that.
But even the white paper admits, At the time of writing it is impossible to determine. Kind of a CYA statement as well.

>The LINK Token sale involves known and unknown risks, uncertainties, and other factors that may cause the actual functionality, utility, or levels of use of LINK Tokens to be materially different from any projected future results, use, functionality or utility.

Also, The biggest problem facing link according to the whitepaper is a lack of trusted oracles or data sources to begin with.

I do know that lawyer and manpower is expensive as hell but the cap on links prices is going to be tied to the price of labor. Is the smart contract cheaper than humans doing this or worth the security for any individual contract.

If high volumes of contracts are executed, the nodes will accumulate link at a faster rate and lower their prices due to high volume.

Honestly the whole thing is circular.

Customer needs 10 contracts. Let’s say for simplicity 1 link cost $1 USD and the node is charging 1 link per contract. The customer will buy 10 links from the node operators for $10, then give the links back to the node operators.

The link just serves as a medium to be recorded on the ledger and for contract collateral.

Node operators are going to charge based on their margins. Once more oracles and modes exist there will be competition driving the price charged down until margins are very slim.

At this stage I think link token price has no existing valuation model. The inputs are unknown. The players are unknown.
Not all seemingly good technology gets adopted.

>>14520682
I knew you were a long haul trucker. You're soft as cheese, cunt, and it shows.

>>14520680
>nobody ever imagined that the first hydrogen atoms would eventually organize themselves into this most epic of timelines
Oh (((someone))) did
And we all know who that is
<>;-)
He goes by the name of:
>I AM!
And I have a feeling he’s smiling down on us right now...

>>14520491
Weirder things have happened..

>>14520717
>I knew you were a long haul trucker. You're soft as cheese, cunt, and it shows.
Oh look the peanut gallery is back...
What’s wrong buddy? Your blow up doll have a headache and won’t give up the ass?

>>14520727
He goes by the name of:
>I AM!

>>14520779

>>14520810
whats up 42? any good news for the day?

>>14520821
The news is that Eric holder lied.

>>14520727
>And I have a feeling he’s smiling down on us right now...
hear hear. Glad we get to share in that smile.
>GREATEST TRANSFER OF WEALTH (back to The People) IN HUMAN HISTORY
and it's ALL voluntary, fully capitalistic requiring not a single goddamn shred of Marxist hierarchy structure.

We smile like pic related

>>14515162
That picture is a beauty

>>14520864
Oh jeeze. Barbie memes? Is this what we have come to?

>>14520821
>any good news for the day?
No doubt, had two close friends stop by today. We had a bbq and I got their hardware wallets setup. I helped them scoop up some link during this dip. They’re fully on board. It’s going to be great.
Hope your day went even better than mine.

>>14520864
>GREATEST TRANSFER OF WEALTH (back to The People) IN HUMAN HISTORY
and it's ALL voluntary, fully capitalistic requiring not a single goddamn shred of Marxist hierarchy structure.

We smile like pic related

We sure do.

>>14520855

>>14520930
sounds like youve got friends that listen (or you are a better salesman than I). Drove around and just enjoyed being alive today. Cant say its been a bad one. Hot as fuck outside today though.

>>14520909
im just comfy all you fair-weather namefags have decent bantz and stay bumping Lord Sergey's thread.

Why?

Because....Nazarov is about a Serf who absolutely owns Lords like PIC RELATED

>>14520984
>sounds like youve got friends that listen (or you are a better salesman than I).
I’m not bad lol
They’re a smart bunch too, to their credit

>>14520996
>Nazarov is a serf
Is he? Can hardly find any info on the guys personal history. Who the hell is he?

>>14515376
The data comes from multiple decentralized nodes so they'd all have to have the same incorrect data, which is impossible to organize

>>14516863
Literally the most redpilled, based and linkpilled post I’ve seen in the last few days

>>14520996
>fair-weather namefags
Yeah you have no idea what’s going on
Just because “42-anon” appears doesn’t mean I just started posting on 4chan or /biz/
I’ve got a song for you regarding the topic of fairweather friends
Ruminate on it:
https://m.soundcloud.com/qotsa/fairweather-friends-1

>>14521057
What's for dinner?

>>14516863
>this same dataset is legit the biggest threat to society
They always have been
Just smart enough to cause damage
Not smart enough not to
Absolutely brutal
They need to be kept under heel in order to keep from getting into mischief and unraveling the very fabric that keeps society functional
They need to be saved from themselves as they represent the highest amount of people by virtue of being in the middle of the group
>pic related
Middling retards

>>14521157
https://youtu.be/PGNiXGX2nLU

>>14520697

>>14521162
Sausig
Steak
Salad
Green onions
Chicken
Brewskis and all
The festivities are over with so now I’m hanging out with my virtual friends on /biz/
And we’re going to be wealthy bastards in the future
Feels good bros
It’s going to be great. I’ll be seeing a lot of you on the other side.

>>14515455

CL team will rectify sybil attacks by using KYC.
i.e corporations or entitites who have no incentive to provide bad data onto the network, after all theyre using the network to save their b2b processes millions/billions.

>b-but KYC makes chainlink centralized!!1!

No it does not, even tho theres KYC, when the data enters the network, it becomes decentralized.KYC just ensures the CL team weeds out potential node operators with malicious intent

Eventually the CL team may add anonymous bode operators but ensuring verified corporate nodes outnumber anonymous nodes by a large margin, maybe 80:20, to make potential sybil attacks so improbable, that its practically impossible

>>14521243
You're already quite wealthy.

>>14521062
Read it again, fren
>Nazarov is about a Serf who absolutely owns Lords like >>14520996

you have a knack for (((misquoting))) an anon.

>>14521218
I understand the logic for the use case, but valuation models or logic of the final link token price I have yet to see (except $1,000 memes).
Memes aren’t analysis.
I’m quite the opposite of your SJW wojak too.

>>14521287
>Nazarov is about a serf.
Okay, that just leaves me with more questions, 1st being what did you mean by this?

>>14520548
Is it true you only have 11k linkies?

>>14521263
This is the most intelligent post I’ve seen on /biz/ regarding LINK. Glad to see it isn’t all memes.

>>14521287
How do you know he does not answer to the rothschilds?

>>14518516
>but if you dig a little deeper
Go on...
>song related:
https://youtu.be/uhuRL4N5d0w
>mfw: “you really should give this one a listen, his early work was a little too new wave for my taste. But with this track I think he really came into his own, commercially and artistically.”

>>14521364
Hahaha is it true that I’m crypto oracle?
>rhetorical question

>>14521345
>Memes aren’t analysis
Get a load of this guy
Imagine thinking your statement is correct

>>14521454
Yeah

>>14521364
He only has like 9k linkies, he showed me in a private chat.

>>14521482
That's so sad.

>>14521267
Not for what I want to achieve
I need more capital for that one

>>14514053
>reddit spacing

>>14521065
What is Sybil attack?

>>14521495
It’s a tough life out there bro
What can I say, I’m just a linklet trying to make a living it out here in this big bad world

i love sharpies up my ass

>>14521157
Not shitting on (you), anon. The bantz are purely to instill etiquette among the influx of nucunts lurking.....you absolute cis-gendered chad, you.

>>14521359
What i meant is, Sergey could have used USD fiat as staking collateral. He decided not to.
>be a wage serf
>oh look this ERC token is worth 12 fucking cents
>oh shit, its still trading under a dollar!
>holy mother of christ am inappreciative to have had TWO YEARS to get my foot in the door to the 4th Industrial Revolution

greatest voluntary creation of wealth in history.

>>14521495

>>14521564
I agree, I try to feel bad for him but I just burst out laughing just like Mr. Welles.

>>14521559
Thanks for sharing
Any other insights for us?

>>14521583
>feel bad for him
Thank you kindly good sir
Plz send rupee sir
Do the needful, many rupees kind sir

>>14521560
Oh, yea, he sure could have. But also it protects their ass from inflation and also just allows them to pump the token as much as they damn please. Really thank CZ for putting it on binance without asking anyone.

>>14520740
kek, but as a meme photoshopper I'd say remove more of the finger next time so it doesn't look like a border around it.

>>14521621
Guess I never got the video, you will have to settle for this instead.

>>14521621
CZ sawr the wrirring on the wall eary on. no doubt
>wut is an incel

>>14521560
>influx of nucunts lurking
The flood of shit and filth has just started to begin
The mental mold of the doxxers and threateners will need to be stomped out
The rest will learn as they go if we’re around to beat them back and beat them down until they get it lol
Normies are stubborn as all hell, like beasts of burden haha

>>14521618
>feel bad for him
Thank you kindly good sir
Plz send rupee sir
Do the needful, many rupees kind sir

>>14514053
>>14514060
>>14514096

I don't get it.

In a sybil attack, wouldn't the attacker have to manage not only a huge number of nodes to alter consensus, but also have an equally huge amount of LINK to have all those nodes be able to stake enough to all collateralize the contract they would be sabotaging? Wouldn't only small fry contracts that require little to no collateralized LINK be at risk?

In such a case, how much of a fortune in LINK would such an attacker lose in the process of trying to sabotage consensus on contracts before they can successfully get away with it?

>>14521679
!

>>14521677
>influx of nucunts lurking
The flood of shit and filth has just started to begin
The mental mold of the doxxers and threateners will need to be stomped out
The rest will learn as they go if we’re around to beat them back and beat them down until they get it lol
Normies are stubborn as all hell, like beasts of burden haha

>>14521677
Jesus On The Lean Donkey
byRumi

Jesus on the lean donkey,
this is an emblem of how the rational intellect
should control the animal-soul.

Let your spirit be strong like Jesus.
If that part becomes weak,
then the worn-our donkey grows to a dragon

Be grateful when what seems unkind
comes from a wise person.

Once, a holy man,
riding his donkey, saw a snake crawling into
a sleeping man’s mouth! He hurried, but he couldn’t
prevent it. He hit the man several blows with his club.

The man woke terrified and ran beneath an apple tree
With many rotten apples on the ground.
Eat! You miserable wretch! Eat.
Why are you doing this to me?
Eat more, you fool.
I’ve never seen you before!
Who are you? Do you have some inner quarrel with my soul?

The wise man kept forcing him to eat, and then he ran him.
For hours he whipped the poor man and made him run.
Finally, at nightfall, full of rotten apples,
fatigued, bleeding, he fell
and vomited everything,
the good and the bad, the apples and the snake.
When he saw that ugly snake
Come out of himself, he fell on his knees
before his assailant.
Are you Gabriel? Are you God?
I bless the moment you first noticed me. I was dead
and didn’t know it. You’ve given me a new life.
Everything I’ve said to you was stupid!
I didn’t know
If I had explained what I was doing,
you might have panicked and died of fear.

He said,
If I described the enemy that lives
Inside men, even the most courageous would be paralyzed. No one
would go out, or do any work. No one would pray or fast,
and all power to change would fade
from human beings

>>14521717
so I kept quiet
while I was beating you, that like David
I might shape iron, so that, impossibly,
I might put feathers back into a bird’s wing.
God’s silence is necessary, because of humankind’s
faintheartedness. If I had told you about the snake,
you wouldn’t have been able to eat, and if
you hadn’t eaten, you wouldn’t have vomited.

I saw your condition and drove my donkey hard
into the middle of it, saying always under my breath,
Lord, make it easy on him. I wasn’t permitted
to tell you, and I wasn’t permitted to stop beating you!

The healed man, still kneeling,
I have no way to thank you for the quickness
of your wisdom and the strength of your guidance.
God will thank you.

>>14521713
Oh look. A discord tranny!!

>>14521717
Go into your closet and neck yourself faggot

>>14521475
That doesn’t offer a valuation model for the token.

>>14521756
>Go into your closet and neck yourself faggot
Hey it’s that guy who always gets invited to parties
You did have a good weekend with your friends and family right anon?
You did share in your joy and bounty with them and have them get on board to join you in securing their freedom and financial future...r-right anon? You do have friends and family to talk to don’t you?

>>14521770
You want a valuation buddy?
Here’s one:
$81,000 usd
Winter solstice - 2026

>>14521790
You have to go back

>>14521805
we aren't actually abanding LINK for LITION are we? fuck this is scaring me biz

>>14521703
Probably only like a dollar because this shitcoin is going to 1 sat

>>14521560
Not being USD, staking will have the risk of volatile LINK/USD conversion rate and have to hedged. The nodes will be paid tokens but the token price could collapse after the bubble. This presents a risks for the nodes.
The token exists because it has to in order to be recorded on the blockchain. To use USD would have required a stable coin like tether. Now USD is deflationary so the nodes won’t have to worry about inflation, but they will have worry about exchange rate volatility.

>>14515370

>trust cannot be destroyed

Ouch You sound like an autistic STEM kid.

>>14521805
Fractal Distribution FTW

>>14521621
>he saved the thumbnail
LOL

>>14521912
You fucking know it pal

>>14521805
Yeah a photo from be future. That’s not an analysis.

>>14521652
I got you senpai

sergey is the only person i have heard use the word "determinalistic" or was is another one. what do i know i am just a regular pleb that cracked the code and locked up 50k link.
how do i set up my hardware wallet?

>>14521945
That’s where you’re wrong
But actually

>>14521974
???

>>14521973
I use it all the time now
Mathematically deterministic is code word for “God protocol”

>>14521985
Mfw

>>14521974
What am I wrong about, sincerely curious. That the pic isn’t an analysis, you believe it is? Or it’s from the future?

>>14521836

Wait... you're not being serious, right? You do know a contract worth anything is going to require a collateral guarantee in large USD amounts but denominated in LINK... right? Even if LINK were 1sat, which isn't even serious (it will never be below 5K sat again in the absolute most disastrous worst case scenario), it would still be able to be posted as a collateral to meet the collateral value demanded by the contract, but clearly it would have to be in very large amounts.

And a contract of any value will clearly have a requirement that ALL oracle nodes supplying it with data will post a huge collateral of staked link. Meaning a sybil attack would cost a fortune to attempt and all it takes is enough honest nodes to disagree.

>>14522038
>>14521202

>>14522048
>Or it’s from the future?
It’s entirely possible
And there are circumstances surrounding it that lead me to understand it’s from the future
>But actually

>>14521902
>Now USD is deflationary so the nodes won’t have to worry about inflation, but they will have worry about exchange rate volatility.
To what degree can that exchange rate volatility (as well as over extended explorative price expansion) be mitigated by the Chainlink's own Market Making stacks?

If anything, it appears the decision to take on the risks of ERC staking, may've been a hedge on the notion that the current paradigm of global commerce was overdue for a transformative correction and/or upgrade, and rather than a Central Bank reset button, we got a God protocol that incentivizes doing business more honestly than your competitor.

>>14522085
I’m curious, what are the circumstances? I haven’t been around /biz/ except for 2
Weeks and all I see is debate this coin. My research at this point tells me the tech is the real deal, but nothing indicates how the coin will be valued. I see the coin as a USD medium for the blockchain. I’m sincerely open to enlightenment, not trying to FUD.

>>14521836
retard

i have been telling my loved ones about link but its funny because if i told them how sure i am they will think i am crazy.
i mean its deterministic, and paul walker died in the fast and furious tokyo drift.

74 68 61 6e 6b 20 79 6f 75 20 66 6f 72 20 70 75 74 74 69 6e 67 20 69 6e 66 6f 20 77 68 65 72 65 20 70 65 6f 70 6c 65 20 63 61 6e 20 66 69 6e 64 20 69 74 2e 20

>>14522170
Interesting take, thank you.

amazing how for two year we only had uncleoldfag but suddenly after this shit moons 300 fucking namefags show up and post in every link thread

whatever happened to rkg? hated that faggot at the time but it's preferagble to this

>>14522196
Check this archive for details
>>/biz/thread/14360114

>>14522170
Love your pic
Hahaha how can any single person be so wrong...
Unless of course he’s purposefully misleading people
Most (((journalists))) are simply intellectual prostitutes for the highest bidder and just practice rhetoric

hahahah no such thing as a tcp/ip developer. sorry.

>>14522196
Add pic related to the body of ideas, signals and data informing your understanding.

>>14515191
You think this has just started to be worked on? This network will come up faster than you think.

>>14522286
>>14522462
All the tripfaggots like 42 and nulinkers should fuck off. They've made an already shitty board even worse.

So smart contract creators are going to be paying node operators in LINK to get access to data. Node are going to be accumulating all the LINK. Let’s say this goes on for years and years. Where are smart contract creators going to get more LINK to pay the node operators?

>>14522750
Concern trollers first
>pro-tip: this is just the beginning. Better get out while the going’s good
https://youtu.be/aFkcAH-m9W0

>>14515376
Read the whitepaper. Ffs I’ve been saying that for almost 2 years now.

Trusted execution environments, CL got monopoly on the solution to this problem by acquiring Town Crier

>>14522750
>Admits to hanging out on a shitty board
If this board is so shitty, then what are you doing wallowing in shit?
Lol congratulations you just punked yourself

>>14522820
TC is one of the keys yes

>>14522776
not very bright are we fren?

>>14521974
>82000
fun larp, but if LINK ever reaches this price, we'll be at a point where everyone in the US will be a billionaire (in a bad way)

>>14522526
What do ya imagine Krugman's take will be once normie media starts rubber-necking at the God protocol here in the next 4 months?

I bet he'll compare it to bitcoins in a vain attempt to frame chainlink in terms of the crypto market. He'll play dimb all over again, all the while knowing its an asset unlike any other in post Atlantean history.

>>14522904
>will be a billionaire (in a bad way)
hyper linkflation?

>>14522916
no, I mean we'll be at the point where some idiot Communist will have gotten power in the US and will be printing money like it's Venezuela

>>14514096
>The marginal value of all trust assurances services in the world (contracts lawyers, non-criminal courts, administrative workers etc.)

And how much is that roughly?

inb4 about tree fiddy

>>14522844
Checked

Foe all the new eyes lurking this shit board:
SET YOUR BIUH BYE ORDERS AT $2.60ish
>wont fondle better shit advice anywhere

>>14522924
How the fuck does that even make sense?

There's only a small minority of people in the world that actually know about LINK.

>>14522553
I’m a Peter Lynch fan, thanks. Makes sense. Still doesn’t offer a clear link valuation.
Is there anything stopping the people needing these contracts from operating their own nodes and running only their jobs on their own nodes for cheap?
Banks can operate their own nodes and do their own contracts can’t they?

A bank buys Link tokens, then can’t the bank just stake a node for itself and send the link tokens back and forth from the node to their bank wallet after it executed a transaction? Nodes set the price, so a bank can set itself a low link price for its own contracts, then send the link back to the bank wallet to spend again on the next contract.

If so, everyone is going to want their own nodes that they control so they get nearly free contract execution.

>>14523148
What I'm saying is that by 2026 $81000 will be the $10 of today in all likelihood.

>>14522881
>implying node operators are ever selling

>>14523157
>Is there anything stopping the people needing these contracts from operating their own nodes and running only their jobs on their own nodes for cheap?
That question is answered in OP's remarks about supplanting asymptotic trust thresholds with a top down approach to establishing a standard for Oracle conduct.

As OP said
>human perception matters.
>For that reason the chainlink network cannot launch decentralized and must launch with as much provider/node transparency as possible. This sets the floor for node behavior when the network does decentralize. Only though doing it this way will people, with all their flaws, see the value.
>Put another way: the only way to successfully launch any oracle network is from the top down with respect to real-world trust. If you could launch a perfectly coded, perfectly transparent, perfectly decentralized oracle network right now you would still lose to chainlink. An oracle network must first have the buy in (and implicit pledge to perform) of those agencies with the most real world trust. The network which harvests these residual trust sources from the real world is the one that wins, and the one that wins is the de facto monopoly because those that can't harvest this resource must traverse the sybill period to launch.

Let it sink in more fren

>>14514053
if you think Chainlink has solve sybil resistance, you've been scammed. He certainly has not and is larping about it.

He only has one thing to do to prove it, release the technical specs. Something like this https://github.com/ethereum/yellowpaper instead of a few LARP paragraphs in the white paper.

But he won't cause he's a scammer who pretends to have decentralized oracles. The dump will be spectacular in 12 months when the real (non fake bot) user count of chainlink is still 0.

>>14514420
We will make it, bröther.

It's just a matter of hodling. I'm actually glad I don't have 50K+ LINK because it means I'm more willing to wait for the singularity and less tempted to sell at $50

>>14514756
>Larper fud post #2302418240

>>14514060
>>14514053
>>14514096
had a good read thanks friend.

>>14514275
this. unironically

>>14521805
fud

>>14520727
Haha that was beautiful man
>>14520864
The prophecy is coming true right before our eyes. I'm so glad we get to be a group for this, I was always afraid we'd all be alone when it happened. But now I'm not afraid of anything.

>>14514060
this is absolute bullshit from a brainlet who knows nothing about programming or p2p applications. All p2p applications first start by releasing a full technical specifications paper that shows how it will be decentralized months or even years before they launch a test net.

Look at bitcoin, ethereum or even bittorrent.

When you're a SCAMMER what you do is release no detailed papers on how the network is decentrazlied, and launch something centralized, which is exactly perfect to fool non programmer normies like yourself.

If you're not a programmer, you really need to shut the fuck up about Chainlink's tech being decentralized. You have no clue. You're just taking on faith that is is.

As a dev, I can assure you Chainlink is not decentralized, and has no clue on how to actually achieve decentralization.

You think this is the first time some shitcoin with centralized tech fools the media and gets "endorsements" from big companies and makes it to top 20? This has happened time and time again.

Also if you're gonna reply with "this is FUD", "kek you bought the top", "you had 2 years", etc. How about you refute the argument brainlet? Do you really think you're fooling anyone with money with these comments?

>>14523178
Possibly, but the number of Chainlink wallets is smaller than most small towns. The ones over even 1000 are like 15000 people. Odds are if Chainlink really goes skyward with derivatives/insurance those few thousand people will be some of the richest in the world.

>>14522462
This rabbit hole wow.
Moon bog.
Trump.
The memes.
I can’t get over the memes.
Wow.
Gives memes a whole new meaning. Never could have imagined so many connections.
Compelling.
Unsure if it’s random coincidence, a fucking meme savant larping/pump and dump, or the bending of space time.

>>14524277
what is gametheory.

>>14524153
why are you like this. firstly i recommend you go and have sex.
second, fud time is over. read some microeconomics 101 books before posting.

you guys realize its all a LARP right? Linkies LARP here and Sergey larps in person. They still have no working product.

>>14524153
It can be centralized if the oracles are trusted. The white paper says the infrastructure problem is a lack of trustworthy oracles that can provide data. Chainlink doesn’t solve that. But then again, if the Oracle is trusted already and it’s centralized, Chainlink isn’t needed. Chainlink only works with Oracle infrastructure. But the cat is out of the bag. Oracles will pop up because they are needed for blockchain contracts, then Chainlink will be adopted as an added layer of security, or maybe not, maybe people just trust their own oracles without feeling a need for Chainlink, but that has more risk.

>>14524401
Really? Why don’t you think it works? When did you last test it?

>>14522750
>tripfaggots like 42
He's not using a trip, please go back

>>14524307
>bending of space time
You already know the answer to that one
Or it’s one big crazy big coincidence
I’ll give you a hint
Index those archives with the dates for announcements and against the price movement of chainlink
You’ll be in for a very big surprise...
<>;-)

>>14514756
>dev at fortune 50
>illiterate
>can't form basic sentences
>random buzzwords rambling

>>14514096
Thanks Sergey!

>>14520288

bumping best OP in this wojak wastland.

>>14515176
Wtf am I looking at