/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

Didn’t read not selling

>>14644491
Good. We're all gonna make it fren.
I simply reposted this for any scared nulinkers believing that retard's FUD.

>>14644491
this

>>14644558
mfw

>>14644491
Made me kek

>>14644428
>>14644431
>>14644450
Absolutely based

>>14644428
STOP POSTING FUD. I NEED THIS TO HIT $1000 THIS YEAR

>>14644893
This is not FUD, this was an answer to the FUD...

>>14644893
I need to get to 1k or more soon

>>14644530
You are a good man

>>14644491
based

>>14644862
In retrospect it's quite funny how simple it is to answer any kind of sybil FUD.

Retarded fudsters focus *purely* on the current iteration of the software without having any sort of idea of the business development needed to transition from old trust assurance structures to new ones..

Then they reply with "haha you don't understand code", but really they can't tell the forest from the trees.

>>14644428
Nobody screenshot this, im not done accumulating.

I NEED MORE!

Lonk lonk lonk
Grug buy lonk

>>14645005
Dude, Im not even at 0,5K, we all need more

>>14645005
kek this is an old write up.

>mfw nulinkers haven't read most of the amazing bullish write ups and screenshots
>mfw even nulinker's wildest hopiums is an underestimate of link's potential

>>14644530
SHUT UP ITS NOT DECENTRALIZED YOU FUCKIJG NON CODING PIECE OF SHIT! ITS NOT MY FAULT YOU IDIOTS SIAID IT WAS A SCAM UNDER THOSE REDDIT POSTS! ITS A FUCKING SCAM YOU FUCKING FAGGOT, YOURE GONA LSOE ALL YOUR MONEY YOU STUPID MORON!! NO IM BEING COMPLETELY REASONABLE SPENDING MY TIME MAKING 40 POSTS TRYING TO CONVINCE YOU TO SELL!

>>14645023
I'm at actually at 5k, this'll do

>>14644428
Debunked
>>14514053

>>14645168
Yeah, It sucks not being able to invest and get at least 1k, even busting my ass

>>14644428
>>14645209
By the way some people suspect they was Sergey himself posting due to the writing style and a few other tells and clues.
I would agree with that sentiment.
The thread I posted is the original OP

how do i buy chainlink in canada

>>14645259
Find a Somalian and suck his dick
Wait, you were already doing that, weren't you?

>>14645226
>By the way some people suspect they was Sergey himself posting due to the writing style and a few other tells and clues.

can a fren help a nulinker out to come back to the light?

rn I can only afford 300 LINK. thats why I'm a nolinker. I trade shitcoins in the hopes that I can outperform LINK. when should I actually move everything into LINK 300 is simply not enough. 300k in a few years are still not enough.

regardless can anyone point me to the best ressources for chainlink research. I only know about the oracle problem and chainlink very superficially.

please help a fren.

>>14645473
BUY GOLD AND SILVER

>>14645473
2. years.

you had 12 months

730 days...

buy now or cope forever

>>14645587
the shilling was unreal I migrated to bizrael about 2 years ago exactly. I didn't trust chainlink and after the massive dump from the first ATH I didn't bother to think about it and though it was a pajeet scam.

see you on the other side anons.

Chainlink is the epitome of a multi-level and intelligent scam. There are only three or four people on the team, who have some of the most unimpressive resumes in the blockchain field. Their Testnet consisted of nothing more than a simple JSON Parser, something that any college freshman could put together over a weekend. Remember all of those "projects" during late 2017 that ended up being nothing more than vaporware? Chainlink is one of them. Somehow they've survived for two years, but I think that's due to the different approach they have taken. Instead of hyping their coin, they've stayed extremely patient. They know that they can make more money from you over the course of a few years rather than weeks. I would be very cautious if you decided to buy Chainlink, as it could very well be the worst decision you've ever made. The CEO of SmartContract (Sergey Nazarov), the founder of Chainlink, holds a degree in Sociology and a minor in Religious Studies. He's also worn the same shirt at every single conference for the past two years. Is that really someone you want to trust with your money? Don't fall for all of the technical terms used in this talk. Those words mean nothing. The people in the crowd don't even know what he's talking about. The Blockchain Team Leader at Microsoft, Chad O'fork, said this about Chainlink in February 2018: "While Smartcontract and Chainlink are interesting projects, I doubt there would be any real use-case in the future for such technology. Companies do not like to put their data in the hands of anonymous node operators."

>>14645023
>0,5k
Is this the new way of saying 500? You had two fucking years faggot.

>>14645773
IS THIS FUD?

>>14645883

Lol faggots coping about KYC nodes don't realize RLC solved the oracle problem without KYC nodes thanks to the PoCo algorithm.

>LINK whitepaper admits it'll be a problem
>actually says they'll deal with it later down the road

>>14645403
>>14645226
>By the way some people suspect they was Sergey himself posting due to the writing style and a few other tells and clues.
I hadn't realized it but the writing does seem familiar, and goddam if it isn't too easy to read that in his voice with the same cadence he uses.

Why would he post a picture that is pic related? Maybe it's one of his favorites?

>>14645129
IM A DEV IM INTELLIGENT
YOU CANT CODE YOURE LOW IQ

>>14646358
Nope. Stop shilling pajeet.

See
>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.

Is google and oracle backing RLC? No.

>>14646404
either bait or didn't read anything

Just admit it LINK is dead. It's dumping as we speak.

>>14646485

You know, that is what these people actually waste their time on: posting on 4chan, in order to win 3 new investors. They really have nothing better to do.

>>14646529
Bored waiting for moon, I'll admit I may entertain silly ideas for enjoyment in the meantime

>>14646527
dumping upwards

>>14645773
>While Smartcontract and Chainlink are interesting projects, I doubt there would be any real use-case in the future for such technology. Companies do not like to put their data in the hands of anonymous node operators."
And 64kb will be enough for everyone!(c)

>>14646735
>dumping upwards
>down another 5%
It's bleeding out and you can't admit it.

>>14645226
This was not Sergey
I can guarantee you that

>>14646485
Basicaly

>>14645832
The problem is that I wasnt into crypto since last year and Im pior, I AM busting my ass to get more link.
Currently at 370.
Its hard for me anon.

>>14646915
Is that so, Sergey?

>Just sold
>It's pumping now

Like clockwork

>>14644428
>>14644431
>>14644450
thanks for the hopium fren

>>14646980
Pumping? Really? It's going straight back down further. Screencap this post it'll be under $3.15 tonight.

>>14646977
Yes it is
I wrote that
And I am not Sergey, nor have I ever met him

Skimmed and bought other 10 linkies.

>>14646508
>Muh real world trust
>Muh Google blog post
You're going to get rekt. It's impossible to Sybil attack RLCs oracle. Face it, you invested in a one dimensional shitcoin and latch onto irrelevant things to cope.

>>14647024
Good, I will try to buy some tomorrow If I get paid

>>14645226

>>14646958
Fuck you, poorfag.
Maybe I will hire you for my hookers to spit on you after they sucked my dick when I make It, you faggot.
How does a ¢ / week sound? Bet you just creamed yourself.
I wish I could beat the shit out of you right now.

>>14647165
You won't even want to after tonight's shitstorm.

>>14647246
What is going on?
Why is this happening?

>>14647216
Ew

>>14644431
This. Trust will be axiomatic for Chainlink's users long before bad actors ever try a sybil attack

>>14646491
>>14645129
the original comic

>>14644428
>>14644431
>>14644450
Based af

>>14644428
>decentralized oracles
>dependent upon established systems/institutions of trust
>solves the oracle problem
You need to reread what you've written anon. You're arguing against yourself.

>>14648397
Nice try, but he's clearly not. He is talking about a centralized launch that is the foundation for a decentralize network. There's literally no other way around it.

>>14648510
It's literally no different than the "coordinator" IOTA is dependent upon and will someday get rid of when the network can stand on its own. Someday. There's is nothing trustless about chainlink in its current form and there's only a promise that someday in the future it will be. Hopefully.

>>14647216
did you really use the cents symbol nigga

>>14648567
Who gives a fuck about IOTA? Nice distraction. The only "centralized" aspect of the network is an initial KYC phase, where the first nodes running are vetted and carefully selected. If you don't trust the network, don't use it until it's fully decentralized. Don't worry, it won't be long.

>>14648567
You pretty much didn't understand the write up at all if you're saying this.
The new system of trust assurance necessarily HAS to slowly succeed the old system. Lawyers, paper contracts, and so on won't disappear overnight. It can't happen overnight and it sure as hell won't happen because you wrote some piece of code.

The people who will use the link network at first, are literal whales don't give a shit about your lines of code. They want a system that is secure and works. Chainlink hasn't decreased the cost of trust by a million times *yet*, only by 100x or so.
Chainlink does solve the oracle problem, you literally can't argue that if you understood the whitepaper. Sure, the network isn't 100% yet, but if you read the whitepaper you would've noticed that it was implied that mainnet wouldn't launch with all the features. The real problem here is getting people to use it. Yes, real business people, who don't browse autistic forums such as these. People from SWIFT, google, oracle, and so on.

Essentially, the software is the easy part. The hard part is the fundamental transition in business philosophy and changing human perception on smart contracts.
And if you look at the team's approach, they're doing a really fucking good job on this aspect.

>>14648775
Brainlet here.
Just read the white paper, am I correct in my understanding that Chainlink is relying on Intel GSX to ensure the oracles could function without making the query and the answer public? That going forward they are hoping to make this step MORE trustless (but not completely) via third-party competition?

>>14648775
Brainlet here.
Just read the white paper, am I correct in my understanding that Chainlink is relying on Intel GSX to ensure the oracles could function without making the query and the answer public? That going forward they are hoping to make this step MORE trustless (but not completely) via third-party competition?

>>14647704