/biz/ - Business & Finance

>>20189548
all crypto is a scam

>>20189548
it is good for posting shutterstock watermarked pictures on /biz

There is a problem with smart contracts.

Lets say someone creates a platform that creates virtual rooms in a building like a hotel. Lets say for the sake of example its something like MMO player housing meets a hotel.

The problem is, I have a limited number of rooms, so they become very valuable. My digital hotel just happens to be located on some badass virtual ERC-721 land that people want. So if someone dies or loses their keys then a whole room in this "hotel" is going unused. So someones codes in a way for the smart contract to keep track of external time through an oracle.

But now, if someone can spoof the event, speed up the clock to my oracle, whatever internet dark voodoo you can think of. Then they can trigger that event in the code early. Kicking people out of their rooms. So we need high quality oracles and info for code to run off of. So you can select multiple oracles that are backed by chainlink to create a more robust code that can't be so easily tricked. Maybe even insured. So if their security is lacking, someone gets kicked out of a room, then there is an "insurance payout".

To try and keep it simple. Don't get too hung up on the "virtual land" and "hotel" part.

>>20189704
just tell him swift need to send data to an ethereum like blockchain for starters, thats why a trustless oracle network is necessary

>>20189548
developers have worked 3 years, trying to find a use case. So far they haven't.

You cant do shit with it aside from hodling and dumping on the greater dopamine addict. With bitcoin you can at least buy stuff online.

>>20189548
what do you think? it's legit

the world's international elites, the deep state, the bankers, the jews, they were all waiting all these years for sergey to invent some random shitcoin in order to automatize payments. it all makes sense if you just turn your brain off

>>20189548
Is this a BAT There'd

can anyone tell me why eth 2.0 couldnt just use own oracle solution ? i mean via hardfork code implemention

>>20189548
Anon you know all of crypto is just a ponzi right. That said, no reason not to ride the ponzi. Just don't get too greedy

Chainlink....where do i start.

1. they used swift and other logos on their marketing misleading people to buy the token.
2. The team dumps 1million link on heads a month just like Ripple
3. The only usage is when the chainlink team makes a price feed contract and shoves it down a defi projects throat. Everyone that thinks chainlink has customers. Lets see how many customers stick around when they have to start charging.
4. you said what went wrong...what went wrong is you are still holding after it went from 30mil to 1.5 billion. The money has been made on link. There are better projects with a hell of a lot more upside.

Do you want me to continue?

5) Chainlink claims to be decentralized yet team holds more than half the supply

6) Chainlink claims to be decentralized but runs every single chainlink oracle contract (what happens if chainlink forgets to fill up eth or link?)

7) Chainlink is all big on "oh were blockchain agnostic" meanwhile there is no other blockchains getting 1/10 the traction as Ethereum. Blockchain agnosticism is a meme.

8) The link token was supposed to be needed due to erc677 transfer and call. Not one customer is using transfer and calls as they are only pulling prices from reference contracts ran by centralized chainlink team.

9). It's been over a year since main net. The biggest customer is some dopey defi platforms. Yet sergey will use swift and facebook libra on slides.

Shall I continue?

10.). Type in $link on twitter, you won't find a more cringe community. I keep seeing "we're so early" from soccer moms from Chattanooga. Meanwhile most OG link holders have moved on.

11.). If Chainlink is doing so well, ask any of the customers for the info on what they are paying to use chainlink. You will never get an answer because they are using for free. They have to pay by advertising they use and pay for chainlink.

12. Meanwhile none of the "sponsors" have to even hold the link token...so what's the point?

>>20189548
My friends on r/buttcoin say all crypto is shit. Is that right?

>>20190043
I guess they conceivably could have done, in the same way that people could have hardforked bitcoin to do more smart contract stuff. For certain utilities it makes sense to have specialised networks

MXC Will List Solana (SOL) in Assessment Zone and Hold Deposit Activity With 7,000 SOL Giveaway

Deposit: Opened
Trading: 11:00 (UTC+8), July 8
Withdrawal: 11:00 (UTC+8), July 9

Deposit SOL to Share 7,000 SOL Airdrop
09:30, July 8 - 09:30, July 11 (UTC+8)
Awards and rules:
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More:https://mxc-exchange.zendesk.com/hc/en-001/articles/360045961031