/biz/ - Business & Finance

>>29881040
>In other words, their models inaccurately treat the oracle node as the mythical oracle that is the source of the truth, rather than what it really is — something that transports data from source to blockchain.

>>29881040
What are you even trying to say?

>>29881695
that chainlink will never be $30 ever again

>>29881040
Daily reminder that book 3 of the 3 body problem trilogy is by far the best

>>29881091
>More essentially: the oracle problem is ill-posed — its name suggests an impossible solution. An analogy would be to approach the problem of getting from Point A to Point B as the “teleportation problem”. Further, ideal architectures for solving the oracle problem drastically change depending on the data type at hand

>>29881695
crypto will never be more than a speculative currency

>>29881040
>some retard at API3 recently read three body problem and decided he was going to write up this pseudo intellectual bullshit
Jesus Christ these guys are so pathetic and cringe. First they chimped out about the “exclusivity” hackathon deal, comparing it with a deal with the devil, Orwellian phrases etc and now this.

iExec is coming.

>>29883230
>First-party oracles are operated by the API providers themselves. Third-party oracles are not operated by the owners of the data they serve, acting as middlemen between the data source and the blockchain.

>Data feeds depending on third-party oracles require over redundancy at the oracle level. This is because third-party oracles are far less trustworthy than API providers

>Note that this decentralization does not provide any additional security at the data source level. It only serves in decreasing the additional vulnerability caused by using third-party oracles in the first place. This increases gas costs and other costs associated with operation personnel, at the very least.

>>29881040
Yeah.
Algo solved that
Trilemma solved
You all lost
Cope.
t. Royalty

>>29883567
>Algo
Hmm pretty unrelated to the topic at hand, but good try, fren.

>>29883464
>the solution is to simply trust the data providers
How is this a solution to anything?

>>29883567
How did it solve the problem?

>>29883190
are you fucking serious? One company shouldn't have complete control over who else presents at a hackathon. that's the complete antithesis of everything a decentralized ecosystem is about. That's weak and pathetic

API3’s approach of saying “we’re going to address the data source issue” is like me starting a car company and saying “I’m going to take on Toyota by doing what Toyota does already but selling my cars with wheels on them too.”
Toyotas always have wheels. Chaining always allows data sources to sign their own APIs as nodes.
Eastern Europeans literally aren’t even human.

>>29885232
But what if the wheels had spinnaz too?

Is this seriously suppose to be a fucking competitor for chainlink... jesus even BAND is better than this shit.

>>29884501
>>the solution is to simply trust the data providers
>How is this a solution to anything?
No, you have it wrong. The solution is to *leverage* off-chain reputation to decrease the the risk of a security breach. That is, decrease likelihood of a risk occurring. Then your remaining risk is covered by insurance, appropriately computed for the remaining risk.

Isn't Modefi trying to solve this?

>>29885376
This thread literally removed all fear uncertainty and doubt from my mind. This is what we’re up against?

>>29885232
>Chaining always allows data sources to sign their own APIs as nodes.
What is the security guarantee for data source-operated oracles on the Chainlink network?
How do such API providers join the network in a permisionless manner?
What is there to incentivize them to do so?

>>29883464
Your hornworm is dying from all those wasp eggs. You should pull them off.

>>29885462
See:
>>29883464

>>29885413
> *leverage* off-chain reputation
You mean the reputation of the API providers or how does it work?

>>29885114
Do you really think that anyone would show up to an apu2 presentation anyway, Midhav? Maybe they could host their own hackathon! I'm sure their tech is so great that they didn't really need to present at a fucking matic event anyway, and everyone would be extremely interested.

>>29881040
>oracle
We got real problems

https://www.youtube.com/watch?v=cooh9qXDlxI

>>29881091
imagine the smell

>>29885672
Yes, collusion and Sybil attacks reduce in likelihood when data providers announce their addresses off-chain and run their own oracle, vs a third-party oracle with 0 off-chain risk-mitigating leverage.

>>29886151
Yes, it's profoundly important that "we the people" control blockchain technology and not TPTB.

>>29881040
>>29881091
>>29882849
>>29883464
>>29883639
>>29885413
>>29885531
>>29885570
>>29886708
>>29886757
*obliterates your shill attempt*
Fuck off CLCG trannies.

>>29886825
Everything in there is either blatantly false or based on
> muh team :heart eyes emoji:
> benjamin chan :heart eyes emoji:

>>29887315

hooooolly fuck nice rebuttal dude! you totally toasted his ass with your intelligent responses. Def gonna believe you now!!!!!!!1\

faggot

>>29885531
>A price feed fed by 10 oracles (for example) does not represent 10 unique data points. All oracles could very well be serving data from the same API provider (and we’d be none the wiser).

>>29885114
How do you think these hackathons and events like ETHIndia happen you fucking retard? Sponsoring an event will get some perks. If your dumbass “decentralization means we should all be happy and friendly and everything should be free” cant get that then just kys.

>>29887999
>666

>>29887762
>Third-party oracles have an incentive to gather cheap and easily accessible data because nothing is enforcing or incentivizing them to do otherwise--since, again, they are not enforced in any way to report their sources. This creates something of a Schelling point around cheap and easily available data.

>>29886757
Let's hope so, cause I'm running low on hope.

>>29889728
blockchain is the 3d astral plane

>>29882849
This is actually a good point.
It should be called the "external data problem" or something other than the "oracle problem" since oracles are purported to be the solution.

That being said, your only good point is a pedantic correction regarding a phrase ("the oracle problem") whose linguistic or semantic accuracy does not affect the validity of the project.

Never fucking selling.

>>29891572
>does not affect the validity of the project
It does, in fact, since an underspecified problem is bound to have a sub-optimal solution.

>>29892230
Suboptimal solutions do not guarantee failure. Moreover, optimal solutions are not required for commercially successful projects.

>>29889374
Bet you hated having to watch all that gay porn in order to find the bit you needed for this, huh? Suffering for your art, right anon?

>>29892311
>Moreover, optimal solutions are not required for commercially successful projects.
Perhaps for technology in legacy industry, not for blockchain.

>>29893843
link has accounted for all of these things, what is your claim here

>>29882498
Nah I love The Dark Forest

>>29885376
>jesus even BAND is better than this shit.
it unironically is and I thought that was impossible lel

>>29893934
Nah it's a mostly hastily put-together solution that promises a great deal of things and happily includes in their marketing to show that it is infinitely configurable, yet conveniently sweeps it under the rug later and exclaims that "it's coming!!" down the line, then adds another layer of band-aid in the form of something like OCR (which is still alright btw with gas reduction) and pretends everything is A-okay

>>29887494
Most of those shitty takes are easily addressable if you dyor
https://rapi3r.medium.com/the-api3-anti-fud-ed461a110fed

Side note - the level of cope from linkies thinking that their xrp-analogous shitcoin or that shitstain copycat BAND are anywhere near this solution is just laughably palpable.

>>29893934

Stink is centralized KYC shit worse than just having singular API data providers. IT's literally useless and DOA. Sorry, your stinkies will never be over $30 again.

never selling you dirty pajeets

Link has already won

>>29889408
Uhh no.
Perhaps if you have no intent of remaining in the network for a significant period of time
But nodes do not have an incentive to lessen their reputation from the start