/biz/ - Business & Finance

>>54343666
devil trips chainlink fixes this

>>54343666
You mean immutable contracts. Yes it does, it’s like the government can rug pull you faster than a bsc shitcoin. Who the fuck what’s that? Fuck them and their laws

>>54343666
who will interact with jewcontracts then? nobody? They are really on to kill it!

>>54343666
>smart contract
>"kill switch"
what the fuck does that even mean?

And what if not? The whole point of decentralized finance is that no single entity can dictate or control it

>>54343666
Unless they're going to monopolize the hash power there is no way to enforce which contract you interact with.

>>54343666
>boomer retards want us to add a "turn off" button
I cant even

>>54343779
what if I accidentally start to turn off boomer retards instead of smart contracts?

>In principle the new rules apply to contracts that make data available as part of controls on smart-home appliances like cars and fridges, but how far they actually go is not clear
standard retarded EU practice, start with banal lawmaking and as you try to expand said law you end up with absurd close to impossible laws which only work on paper

>>54343793
Wont solve anything, there's unironically too many of them

They can mandate it but all it means is that legal institutions won't be able to compete because no one will trust their backdoored smart contract.

>>54343666
>crypto
>decentralized
Crypto isn't decentralized, satan. It's just a sales pitch

>>54343669
my first thought is that if this is required anyway, is it necessarily as important to even use a DON?
why not just use some sort of half ass open source oracle(maybe even a federated network if you have trusted or otherwise arranged peers) that is by default self hosted and can be spun up to any level of redundancy you wish?
(not shitting on link, i like link for decentralized things)

>>54343824
This.
They're evil people. You can't be this ignorant.

>>54343666
jesus christ what the fuck is wrong with europe

why don't they tell the internet to turn off while they're at it

>>54343946
As a europoor I can't wait to see the EU collapse, god I hate it so god damn much, fucking kikes

>>54343764
most smart contracts are on ETH therefore have no hash power backing them
KDA fixes this, only decentralized L1 I know of (and yes there is plenty valid critizisms about their levels of decentralization but it beats all other L1s meant for smart contracts)

>>54343666
there will never be shitcoin that doesnt have admins who can cancel everything

>>54343966
Baguette here, I fucking despise the EU with all of my heart. I hate them even more than other globalists. They're the fucking worst of humanity, bunch of idiotic, do nothing, busibodies who are so useless and feminine they see making unenforceable laws as equivalent or even superior to innovation.
Fuck them all, I'd torch all our countries if it means these fuckers go down with them.

>>54344541
>I hate them even more than other globalists.
>I'd torch all our countries if it means these fuckers go down with them.
100% agree fren

>>54344541
>papa papa, y a une araignée sous mon lit
>tqt pas ma fille, je vais mettre le feu à la maison !

Espèce de con

>>54344574
C'est fini.
L'occident est tombé.
Des millions doivent mourir.

>>54343666
They're talking about specific contracts.
There's literally no way to add such a kill switch to "all contracts"

>>54343666
>whole purple of decentralized

>>54343666
>>54343779
last year they also voted for kyc on SELF HOSTED wallets which is total nonsense and impossible to enforce.
these boomers are fucking parasites.
hopefully a russian player TNTs them all in minecraft.

>>54344541
You retards did torch your own continent TWICE.

>trying to outsmart a smart contract
not smart

>>54343737
It means you will own nothing and be happy.

just like the vax, I simply won't comply.

>>54343666
People will just stop using ETH.
>Normies : "PoS isn't going to run decentralization
>4chan: it will
>Pic related happens

>>54345089
this has absolutely nothing to do with PoS

>>54343666
>another boomer yelling at cloud moment
kek

>>54343666
>666
>killswitch
>https://www.youtube.com/watch?v=_GoQDWVuCes
Omen break trading? Where am I again?

>>54343699
normies, banks, payment processors

>>54344716
1st one removal of "royalty"
2nd one German anti Bank revolt vs pro International German americans
>3rd times a charm

>>54346096
1789 was the de jure starting point of everything that's wrong with this world

>>54344541
Based. Brexit was one of the most proud moments of my life as an Englishman.

>>54343855
Because when every single nation in the world is using it they want to make sure they are not being spied on. Look at the US TIKTOK fiasco. Data was being sent to the gooks so they forced TikTok to USE the company Oracle's Oracle. decentralization puts trust and truth into the system and allows for widespread GLOBAL adoption.wdh4px

>>54344467
What about ergo or ethw?

>>54343764
>>54344467
>>54347376
Literally no government will EVER enforce their authority by playing these fucking nerdy hashpower games. If they care enough they will introduce draconian KYC and force exchanges to play along. No cashing out unless you produce a perfect paper trail of how you only interacted with approved entities.

>>54349928
Then I'll just cash out abroad or call it income or buy gold bars or sell it p2p.

>>54343666
Yeah

They cant have control if its actually decentralised

>>54344796
Based

>>54343666
Those would work nicely on ETH

>>54343666
yuh satan