/biz/ - Business & Finance

>>21916399
They get paid if they stake more

>>21916399
It doesn't work that way.

>>21916399
you would have to bribe every/half of the node operators to provide the false information. And then everyone providing false information would lose all their staked link.

>>21916468
staking doesnt work yet genius

>>21916399
yeah theres no real penalty this is why most wise developers are building their own oracles

>>21916399
Or to be more precise you literally just described the oracle problem.

>>21916504
no they wouldn't

What if Sergay turned into a balloon and flew through the air? How would we get him down?

>>21916506
You do not understand how chainlink works

A bribe would have to amount to 51% of the available nodes securing the contract to succeed and if caught those nodes forfeit their linkies.
Basically it's just another 51% attack. Possible but making link 81k reduces the possiblity significantly

>>21916532
lmao this is the level of fud we're dealing with now. This is unironically bullish

>>21916399
wrong dummy! lol im from redit and even i know your nodes price would be rejcted because its way different the other nodes. try again!

>>21916534
there's no balloon on the entire earth that could lift that fat fuck

>>21916561
lmao this is the level of DYOR with your average stinky linkie right now.

you really don't understand what you've invested into, do you?

>>21916534
A FAT RUSSIAN SCAMMER JUST FLEW OVER MY HOUSE

>>21916399
I remember myself opening this kind of threads in 2017 top fucking kek. Thank you based oldfags you are making me richer than I have ever been I love you all

>>21916506
>this is why most wise developers are building their own oracles
they do it to provide false data because they are scammers lol

>>21916593
I invested in a middleware solution that solves the oracle problem and the problems of eth. Not only that but we get Microsoft plugins and data marketplaces and a whole new industry being generated because of link. Feeling comfy frens

>>21916399
staked amount * 0.51 * link price = bribe

>>21916593
https://medium.com/linkpool/staking-with-chainlink-b58eb3de6f1b
>This is Chainlink’s concept of staking - depositing LINK tokens on to a node in order to be able to undertake jobs that require collateral.

Ah yes, 2018-19 FUD, my favorite!

>>21916651
you dumb fucking nigger, it's
stake*(numberOfNodes*0.51)*linkPrice

>>21916651
> * # of nodes
Also Ari Juels is a famous assassin and will hunt you down for fucking with his work

>>21916679
>mfw

>>21916699
suicide by assassin

>>21916399
so you're going to bribe all the node operators? if a node is throwing data that seems inaccurate/abnormal it will be ignored since all the other nodes are on consensus

>>21916539
>>21916504
>>21916651
>>21916698
where can i stake?

>>21916504
>>21916666
>every/half of the node operators provide false information.
>aggregation contract compares information and somehow still determines that the data was false, despite the majority of nodes agreeing
>sergey is alerted to the scene
>sergey looks up coinmarketcap, determines that there has been tomfoolery and orders thomas to burn the staked tokens of the nodes that colluded.
>everyone providing false information lose all their staked link

Sorry, yeah this totally works. Nevermind.

>>21916699
why didn't Ari kill that node operator in the gas price tracker scene?

>>21916782
>I bribed enough nodes in the world to execute 51% attack with nodes choosed by random, and other hillarious jokes you can tell yourself

>>21916506
>staking doesnt work yet genius

I know that, but that's how it will work.

If someone wants to get secure data, you pay more. The more you pay the less likely you're getting false data.

Same with Bitcoin, the more calculation power bitcoin has, the less likely it's going to be overcome with 51% attack

>>21916782
Kek

>>21916399
Damn bro, you may be onto something. Sounds like a leak

>>21916651
Not exactly. You have to find node operators who are willing to risk their profession, savings and morale. Its not that simple.

That's like saying if a cop makes 20$ an hour, you could bribe him with 21 dollars

>>21916825
>you would have to bribe every/half of the node operators to provide the false information. And then everyone providing false information would lose all their staked link.

The above is the original pinnacle of retardation that I was refuting, and that you are trying to support with your off-tangent argument that is equally fucking stupid, because the nodes will not be chosen by random. I didn't think I would have to type up more than "no they wouldn't" for you idiots to see the absurdity of it, but I guess here we are.

You're all a bunch of literal retards, aren't you? Did any of you even read the whitepaper?

>>21916900
you can't really disconnect dishonest chainlink node and ensure anyone behind it won't create another one though?
This is trustless environment, I don't think there is any morale to work with

>>21916967
You would think that some kind of reputation system would be in play, but still, people do have morale.

>>21917051
>they won't attack because people are inherently good and they wouldn't dare
Nice.

>>21916957
you're not refuting anything though, you just said the same thing but in reverse and with sarcasm. I may mistake VRF function for random nodes, but there's still fuckton of variables in server level agreement, about what smart contract can do to ensure valid data:
>require 100 certified nodes
>select only those who run in TEE
>require massive collateral
>penalty can be adjusted to 3x standard deviation
>reward can be adjusted to 3x standard deviation
yeah, try bribing that, we already entered unreal abstraction territory, let's go all the way to 0.00000001% chance events

>>21916633
>we get Microsoft plugins
I wiped my ass with Charmin the last time I took a shit, so you could say I'm partnered with Procter & Gamble. This values my asshole at beyond $344B, because in addition to Charmin, my asshole also supports other toilet paper brands as well - in fact, it's TP agnostic.

>>21917137
I'm just saying it's really hard to just to create a formula for bribes. I'm not saying bribing wouldn't work, but you can't just go to some IT-pro link node operator and "Hey u wanna do something illegal/morally questionable if I pay you 1% more than your steady income and possibly ruin your whole career?"

>>21916534
Hmm probably just take some Big Macs out to an open field and let the waft lure him to a safe descent back onto the ground

>>21917170
there is a thing that draws difference between normal people who disagree with something and just retard fudders
Can you guess what it is?
I won't tell you, imagine helping adjusting fud strategy for free lmao

>>21917158
Sounds super efficient and feasible. Thank you for this anon. This may sound like I'm implying that you're completely delusional, and I am, but I also mean it. Thanks.

>>21916585
I think you misunderstood sergay IS the balloon

>>21917170
At least you tried tranny. Let's regroup in discord!

>>21917267
I think you've confused who's getting kiked here.

>>21916759
Epstein would roll in his grave if he wasn't in Israel
>>21916790
Man that was a tough scene to digest. I think it was because there were discord trannies teaming up and Ari needed him alive as bait.

>>21917283
I think you are a kike.

>>21916782
>sergey is alerted to the scene
>sergey looks up coinmarketcap, determines that there has been tomfoolery and orders thomas to burn the staked tokens of the nodes that colluded.
Based and kino anon

>>21917308
You got me buddy. Now put on your day trading helmet and strap in to your gaming chair. We'll do the reading for you in the future also, so you can go back to looking at memes. Good talking to you friend.

>>21916782
Why don't you just bribe 51% of ups drivers to say a package got delivered that wasn't? The reason is because the potential maximum profit of doing this would be <1% of the massive amount of money risked/invested to achieve this.

>>21916782
I think it will be more like the data customer can trigger a data dispute even if the aggregator doesn't notice (though the standard deviation on the mean will be very high if it's only 51%), and then the full network, or a sample using VRF, has a vote on if the data was correct, using some BFT algo.
Basically you'd have to bribe literally all the nodes and that requires money on the scale of the market cap.
Incidentally this is why Link mcap should be higher than the networks it secures.

>>21916399
You're going to bribe them for what exactly?
The way chainlink can work is that there might be several hundred nodes all giving the same data. Hence decentralization.
LINK also validates its nodes, which is the point of node validation. If a node is intentionally harming LINK then it can be booted out and its owners can be targetted.

also the bribe should be higher than the stake, it should outweigh the entire future expected income for each node.
because of the reputation system and the reputation of the network itself.

>No SXP threads

bullish

Leave bad actors to me.

if your body isn’t as ready as mine just grab the template I just made

You're limited on doing this based on ethical operation, reputation and economic incentive. You would need to find a feed that's worth manipulating, then contact each operator and attempt to bribe. In doing so you're asking them to destroy their reputation and business. It's likely any contracts worthwhile attacking would also heavily incentify their node operators.
In doing this, you also risk an operator turning down your bribe and alerting the contract operator which will ruin your plan.
Depending on the feed you're targeting, the attacked system may have safeguards such as major price deviation alerts/trading halts.

>>21916399
sign the originating endpoints, use oracle network for redundancy and risk dump (staking), threshold signatures to sign the report, optimistic rollup or zk rollup or TEE for tamper proof computations prior to reporting

>>21916825
>>21917574
>>21917638
>If X then Y
<That's false
>Well you wouldn't have X, so you're wrong!

Ladies and gentlemen: The Linkies

>>21917962
nice reading comprehension retard

>>21916399
then they use reputation and future incomes and can go fuck themselfes

>>21918175
they lose*

>>21916399
>How much are node operators paid in LINK to provide data?
Around 90k LINK per year + reputation + penalties