/biz/ - Business & Finance

>>54633500
too bad, should've paid up

lol look at this dumbfuck who knows nothing about chainlink's relationship with arbitrum. cope, seethe, etc.

>>54633615
>synthetix literally designed the oracles for chainlink!
>it's true bro just trust me

>fucking scumbag chainlink can't believe they're betraying synthetix for gmx
>look we had to betray chainlink and go with pyth we didn't have a choice

this guy is hilarious

>SNX: you know what would be great? An oracle that has X and Y.
>Chainlink: OK we will work on a solution
>SNX: actually we're going with a competitor, thanks bye!
>Chainlink: yeah, alright.
>GMX: hey, can we have that?
>Chainlink: sure.
>SNX retards: NOOOOOOO THAT'S LITERALLY A SLAP IN THE FACE WE ACTUALLY DESIGNED THAT
Top kek. Pay up, bitches.

>>54633756
>betray chainlink

Huh??? They wanted to use Link and per usual CL “wasnt ready”. So in CL’s view, you just have to shut down your business while they finish developing their product. WTF is that? And also literally everyone was using Pyth at the time, GMX included. It is pointless from a business sense to start making enemies for no reason, especially when your product isnt even out.

>>54634321
>>54633941

Everyone knows sergey is a dishonest snake. I mean just look at his weight, fat slobs cant be trusted, especially not russians

>>54633941
Idiots who know nothing in tis thread.
Synth is going with pyth only temporarily till Chainlink releases the low latency solution they can use. They are only pissed that its going to deploy on Arbitrum for GmX before synthetix can use it. They feel like they should have been prioritised rather than on if their biggest competitors getting an advantage with something they felt they controbutrd heavily too. They still fully intend to use LINK when they get that option but they admit they cant allow a competitor to just massively gain marketshare while they wait so using pyth is a bit of a desperate temporary solution.

I absolutely understand why they feel that way but they are also going to use LINK the moment they can use it

>>54634514
Idiot here who knows nothing.
What exactly is pyth?

Pyth is a massive VC scam even bigger than arbitrum.

Daily reminder Ed Felten was instrumental in the creation of a community of neo luddites who want to see the entire crypto space burned to the ground so they can piss on the ashes

>>54634514

>>54634551
They submitted a proposal for a low latency oracle and its the best option of a bunch of shit options that is better than no options in terms of losing competitiveness to GMX. They said that, there are screenshots itt

>>54634514
>Synth is going with pyth only temporarily
https://sips.synthetix.io/sips/sip-285/
Show me where it says it's "only temporarily"

>felt they controbutrd heavily too
Oh no, not their sweet precious feelings! "Giving specs" isn't contributing heavily, retard. Pay up, bitch.

>>54633756
wait a minute, pyth is gonna defeat chainlink?!?!

>>54634645
They are fully intending to pay up when they even have the chance. Thats why they are upset, GMX got the chance first and now they have to sit on their hands and wait a while. Synthetix is one of the oldest and biggest close working advocates of Chainlink. They are just suffering from increased competition these days. It seems they dont care that their help to develop low latency oracles will be benefiting others, just that a competitor is getting benefit first.
Its well known the development process and chainlink relies heavily on working with devs to come up with products that fit market demand.

I swear to fuck you are fucking brain dead. Synthetix will use LINK the moment it is available to them and yea they have said that.

>>54634645
>>54634661
looks like 100% Pyth work guys I can tell from the pixels. Another case of Chainlink stealing people's work!
Pathetic and sad!

eat shit kane lmao

>>54634645
>pic
Lmao imagine being smug that you're first to use a shitty product while allowing your competitor to be first to use the premium product that everyone wants. Synthetix deserves to fail.

You faggots already discussed this here
https://twitter.com/Rando144/status/1648025342005899264
Fuck off back to Twitter seriously

>>54634700
>Synthetix is one of the oldest and biggest close working advocates of Chainlink
Just like Arbitrum, right?

>It seems they dont care that their help to develop low latency oracles will be benefiting others
What help? You mean the specs? Top kek.

>Synthetix will use LINK the moment it is available to them and yea they have said that.
Post proof then.

Instead of waiting for a high quality and heavily tested and secure solution from Chainlink, Synthetix went out of their way to actually help a competitor Pyth develope a cheaply made alternative. Now, when Chainlink was done with the solution, they have the audacity to demand priority? Get the fuck out of here.

>>54633500
PAY

>>54634825
Because chainlink wont launch it on optimism where synthetix is. Synthetix is nothing like arbitrum snakes. They have literally been working with LINK since main-net launched day 0.

Idk why you are being so fucking hostile about this. They fully intend on using LINK once it is avaliable for them. They have large competitors these days like gmx. What exactly do you want them to do? They clearly are not even please about using pyth as you can see itt due to it being sub par but they are also desperate not to lose market share while they wait for LINK. They will jump for joy and abandon pyth the moment they can.

Like what do you expect them to do? Im curious? You want to them to wait till they can lose link and give up market share to competitors? As a business i can see why they are forced i to this compromise they’d rather not do.
Just because your only sources are spoonfeeds in this thread and your gay twitter consumption doesnt mean it isnt out there. Go read their forums. They stated they want to use LINK when it is available and there is absolutely no compromise on that, that they were just accepting temporary proposals till then from other oracles.
You are an angry little faggot and people like you do more harm than good

>>54635158
The adults are talking

>>54635315
Agreed fully. If I have a client thats wants to use my services and I tell them Im not ready, how ridiculously childish would it be to hold a grudge for them going elsewhere in the short term. And then throw in the fact that they they helped design the product, AND now I take said product to their competitor. Its just bad business. Chainlink team’s lack of real business experience continues to show. Amateur hour.

>>54635499
Im not speculating on Chainlink personally because for all i know there are NDAs with arbitrum(launch there first) or complications with Optimism. Maybe Synthetix originally planned to launch on Arb for low latency oracles with chainlink but jumped on Optimism as it came first or something. Maybe this resulted in a fragmented chaotic development cycle for it and its why Chainlink continued on Arbitrum for this.

We know nothing of the details so personally i wont make judgment for that

hmm maybe snx should have listened to kain who was opposed to the pyth integration
they are now paying the price

>>54635641
What price are they paying? Pyth seems to be working just fine

>>54636023
ummm... cll not deploying on optimism first...
but basically they just need to get off optimism but guess they're just waiting for ccip

Snx baggies stabbed chainlink in the back then act like they're the ones getting betrayed, surreal cognitive dissonance

What the fuck is pyth? Is this shit going to get hacked by someone

>>54636246
Pyth is an oracle solution designed by Jump Trading, the biggest market maker in crypto currently. They were deep with FTX/SBF, bankrolled Luna and Solana. They're late comers to crypto so missed out on eth but they're very well capitalized so their plan is to copy and recreate proven ecosystems. They're working alongside similar VCs and market makers like Wintermute.

Pyth already failed multiple times before but seems more stable now, no issue since the snx adoption as far as I know. But it's still an inferior solution on technical levels. They're also behind Wormhole bridge, ccip biggest competitor, and it got hacked for like 300 millions. Due to being late comers and opportunists with private interests instead of benefiting open communities, they rush to release with poor security and they don't care because they can bailout their temporary failures.

They're also extremely unethical and ruthless. Which is how they land grabbed synthetix. They bought a lot of tokens, negotiated a market making deal in their favor, and then proposed snx to integrate their oracle, snx had to agree because it's now controlled by jump. Snx is utterly compromised since Kain let the DAO took over, even when he admitted the DAO idea was stupid and would lead to things like that. It's decentralization theater.

Snx baggies seem oblivious to the power play that's been going on here. They gleefully made a deal with jump without realizing they were there to vampirize them.

They also chose to marry optimism instead of arbitrum when everyone back then was telling them how stupid it was. They keep paying the long term price for their short term thinking.

>>54636333
Checked for a good post. DAOs continue to amaze me in how fucking retarded they are in practice.

It’s just Synthetix in name only at this point, so the idea of either side getting mad is just retarded. Get over it. It’s just business, nothing personnel kiddo. It’s fine for Pyth to engage in bullshit but Chainlink working with someone else is now crossing a line kek. I fucking hate 99% of people in this retarded industry.

So this is all another example of what all could have been avoided if sergay didnt betray on jan 1st 2022
He really fucked himself over there by pissing of his holders and much worse his collaborators
I hope it was worth it to the fat fuck to have done that

>>54636333
>>54636363

So its VC (jew) Chainlink killer? Bullish as fuck

Ari will have a field day

>>54633500
>>54634321
>>54635499
>>54634476
>more full-time fudcucks reminding everyone to buy chainlink daily
thanks i'll get more soon

>>54633500
Sergey is the most based niggar among the chainlink faggots. I wonder when they will learn from degens of DeFi development like Rachid of Nexera protocol.. Link need revival team from Russia.

>>54636198
They cry out in pain as they strike you

>>54636333

Trips of truth. You said it better than I could have. I was following this for awhile as well.


>>54636333
>They also chose to marry optimism instead of arbitrum when everyone back then was telling them how stupid it was. They keep paying the long term price for their short term thinking.

From my understanding, they married Optimism because they will do nothing about MEV and if anything encourage it.

Market makers and arbitragers will still be able mug its users on the chain. It was being proposed that Arbitrum would use Chainlink oracles to further decentralize and use FSS to basically prevent MEV. This of course, never did happen and its unclear if it ever will now but the VCs and moneyed interests sided fully with Optimism as a result.

just bought 100k pyht what im in for pyth chads?
looks like the upside is massive if projects are already switching from link to python!

Wasn't Synthetix where the leak came from about CCIP being finished already? I can image that is where Chainlink decided to drop them.

>>54636333
Governance tokens are a mistake. Literal bribery institutionalized

>>54633500
get fucked snx/pyth faggots. gmx is gonna eat your lunch

>>54636444
criminally unchecked hour old digits

>>54636333
Trips of truth, witnessed

Fuck jump VC

>>54636333
Checked & good post.

>>54633615
kek synthetix pajeets BTFO

>if you come at the king, you best not miss

thanks for playing, now dwell in the realm of shitcoins for all eternity :^)

snx pajeets are paid by snx team to do this shit continuously.
snx and link devs have had connections for a long time, a bunch of idiots pressured them to change to pyth for a while and now they have to live with that. Chainlink team didn't like that at all.
snx didn't invent shit, last time they were developing oracles they bricked their own platform.
every defi project will, eventually, use these low latency oracles developed by link. And pay accordingly. This is why they are seething btw, they wanted to keep paying low sponsors flat rates.

>>54638050
Simple as

>>54638050
They want premium military grade low latency oracle feeds at a fixed rate. Lmao. Should have paid up like GMX.

>>54636333
So how much (if any) of a threat is Pyth to Chainlink, in the worst case scenario?

>>54636333
Great post

I don't think people realize that Chainlink is in a war with VC's. Anyone remember Arbitrum going cold on Chainlink? That was Mark Cuban's doing, as well as Paradigm, and a2z. In the end Chainlink will kill these VC's as a "Google" tier company

>>54638803
anon, chainlink did a VC raise too, one of their first advisors was literally a VC

>>54638888
Mega checked. I'm not throwing those guys in with Jump, Paradigm, Polychain, etc. They seem to have a soul