/biz/ - Business & Finance

>>54661590
Idk but you've got to understand that this is just an API call

>>54661590
coinbase fucks up, all loans are drained, ann liquidity pools drained.
coinbase : oops sorryyyyy
ICP fags : thats how its supposed to work

>>54661801
Nobody is securing their defi dapps with a single api source you huge faggot.

>>54661590
this basically makes sure that the replicas dont lie that coinbase did in fact return the correct price, but this doesnt have a consensus on multiple price sources, also, if voinbase decides to change their api signature, all cabisters will fail killing the smart contract.

also, this cannot take credentials, so this is just for free open apis with no credentials

>>54661590
Chainlink is not needed because you can just query the api directly so this canister nonsense is just vaporware

ICP canisters are total shit
> relies on a centralized source, creating a single point of failure and vulnerability to manipulation.
> Security may be compromised by breaches or hacking attempts

> depends on the availability and reliability of the centralized source for price data.

> Decentralization is limited as they're controlled by developers, allowing for manipulation or censorship.

Chainlink price feeds use a decentralized network of nodes, providing better security, reliability, and decentralization.

>>54661801
>this
>>54661821
Also. Chainlink has no defense against bad information. I don’t know why they act like they do. There’s an incentive not to be MALICIOUS. But that’s it. If the data is honestly bad, that’s the data you’ll get. Link fags act like chainlink is some proof of truth. Like what? Chainlink fags literally don’t understand chainlink on a fundamental level

>>54661590
No, it doesn't even come close. It's laughable that this question is even still being asked. ICP might pump because we're still in a clown market, so if you're banking on a repeat of the usual retard mass-fomo than ICP could make you a lot of money.

But as a long-term investment it's doomed to fail. It's been explained to death, check the warosu or something if you want to know more. >>54650306

>>54661875
>relies on a centralized source, creating a single point of failure
This is a lie. Of course the canisters will pull from multiple sources to create their own oracle, and provide instant settlement too.

But for most API calls to get some data from web2 they won't need link.

>>54661875
> depends on the availability and reliability of the centralized source for price data.
Bro… are you some link faggot? Where would link be getting let’s say ‘price data’. You use words to sound smart, but you can’t just insert decentralization and centralization like their exclamation points for christs sake

>>54661932
BILLIONS of API calls a DAY do not go through Link you absolute retarded faggot.

>>54661950
There is no need to be so upset

>>54661937
Even if ICP canisters use multiple sources to create their own price oracle, relying solely on centralized sources for price data can still be problematic for a few reasons.

Firstly, if all the sources used are centralized, it still creates a single point of failure and makes the data vulnerable to manipulation or errors from those sources.

secondly, who takes the blame if the centralized sources collude to manipulate your oracle?

the chainlink nodes take on responsibility by putting chainlink token as vollateral as proof of their good faith, in case they try to trick the system, the link put as collateral are used to pay for the damages.

>>54662110
All data sources begin as ‘centralized’

>>54662126
nope, price data from dexes is decentralized.
anyways, in icp case nobody takes the blame, and nobody is incentivized to provide good data, in chainlink case the oracles put chainlink as collateral.

>>54661875
weak fud.
> relies on a centralized source, creating a single point of failure and vulnerability to manipulation.
false
> Security may be compromised by breaches or hacking attempts
false
> depends on the availability and reliability of the centralized source for price data.
false
> Decentralization is limited as they're controlled by developers, allowing for manipulation or censorship.
false
sorry sweatie but you might be retarded.

>>54662215
>false
ok brainlet

So many seething linkies in here.

>> Noooo you can't just have a blockchain that can make HTTPS outcalls to any data source without using oracles!!!! You must bend the knee to sir guy like we did

The internet computer has absolutely no need for oracles and your bullshit congested dinosaur chain tech is about to go the way of the dinosaurs. Extinct. Seethe. Cope. Dilate. Link trannies. Your coin is officially irrelevent and therefore worthless. The internet computer is the best tech in crypto, the next step in the evolution of crypto, and the foundation upon which web 3 shall be built. Get with it or get left the fuck behind.

https://medium.com/dfinity/beyond-oracles-direct-https-outcalls-from-canister-smart-contracts-on-the-internet-computer-2e4a5bcbee43

>>54662146
We’re not talking about on chain data, we’re talking about data porting onto the blockchain.
And you just made my point, chainlink punishes malicious actors, but obviously can’t verify if data is true or not.

>>54662257
sers, dilate, you have the very bad designs, you are tranny. icp is next step in evolution of crypto. sers buy the internet computer now.

>>54662308
chainlink makes sure that theee are no downtimes and data is truslessly transported into the blockchain. node operators could implement data quality checks using ai for example. but the cost of processing that data is deported unto the oracle nodes rather than congesting the blockchain that uses the oracle.
in icp case such mechanics would be too expensive to run onchain.

>>54662257
Based. Chainlink scam cult narrative falling apart in real time. Project literally not needed, and they just can't cope at all lmfao
Just wait until they find out about threshold signatures and chain key cryptography.

>>> Muh muh derivatives market monopoly
>> Muh deco

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Who brought smart contracts to native Bitcoin? Icp. Nothing can stop what's coming. Get fucked linktards. Your bullshit reaks like a used car salesman trying to make his cum stained moldey taco carpet lined rust bucket seem impress in the face of a hovercraft. Get. Fucked.

>>54662308
>> Muh muh definitive truth

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Two words: Internet Computer.

- Posted from my internet computer.

>>54662257
Look, I appreciate that you've done a modicum of research and likely have some high-level understanding of what ICP does and how it does it. But you clearly haven't understood the wider picture, which is making you combative and angry when it's compared to what is clearly a superior solution once you have a better understanding overall. I don't know if its possible to convince you because you're clearly emotionally invested and this may be affecting your ability to reason and think logically about the facts.

Here are the facts: HTTPS outcalls rely on the security and availability of the web servers, while Chainlink oracles use cryptographic proofs and economic incentives to ensure the reliability and quality of the data. HTTPS outcalls also have a limited range of data sources, while Chainlink oracles can access any kind of data from any kind of source.

ICP isn't necessarily complete garbage, and it may have a limited usecase in some things where data integrity is not an absolute must. But comparing it to Chainlink is laughable at best.

>>54662341
>>54662366
what's so funny? you losing shitload of money to the internet computer?

>>54662336
No, they wouldn’t be too expensive and are unneeded. Icp is the most efficient chain by a factor of 1000- nice try but you have no idea what you’re talking about. When eth integration happens you can use your shitty link oracles I guess. If that gives you a bit of hopium, but this garbage wasn’t needed in web 2 and all this gobbledegook isn’t needed in web 3. No one is using chainlink.

>>54662391
>> HTTPS outcalls also have a limited range of data sources, while Chainlink oracles can access any kind of data from any kind of source.

What part of "Internet Computer canisters can now directly make HTTPS outcalls to ANY data source without using oracles" do you not fucking understand you inept Nematoad.


>>Cryptographic proofs.

Good God, Sergey really duped you faggots hook, line and sinker. You're the one married to your bags refusing to see the obvious future glaring at you in the face. Chainlink is a fax machine stuck on dial up internet. The internet computer is the internet of tomorrow and has ZERO NADA NONE no need for oracles.

"ANY data source". Read the fucking article dumbass cult dolt. Read it and weep. Chainlink is irrelevent now. Sorry. (not really)

https://medium.com/dfinity/beyond-oracles-direct-https-outcalls-from-canister-smart-contracts-on-the-internet-computer-2e4a5bcbee43

>>54662425
> No one is using chainlink.

> There are 1,759 projects and 2,087 integrations in the Chainlink ecosystem.

It’s weird that ICP baggies spend this much effort on their scam

>>54662480
weird huh? that shit only dumps, and they have no integrations

>>54662468

>>54661590
I find it disgusting mixing ICP with the link scam. Just let those esls go back to their containment threads

>>54662522
Based lmfao XD
Linkies fear so palpable you can taste it in here.

>>54662468
Yes, HTTPS outcalls allow canisters to access data and services from the web using the HTTPS protocol, which is fast and cheap, but also limited and risky. Chainlink oracles allow smart contracts to access data and services from any source using various protocols, which is more reliable and flexible.

Instead of reading Medium articles, you should read the documentation of the respective projects, maybe run a few nodes on testnet, and try to gain a more practical understanding of what you're arguing about. I don't doubt your sincerity in thinking that ICP somehow obsoletes Chainlink, but its simply wrong. I don't know how else to reasonably state this.

>>54662550
>Its
The correct spelling is “It’s”

Places to learn English are
Udemy
Duolingo
Tedx

>>54662550
Don't bother with newfags and midwits bro. Fact is that ETH, LINK and ICP are all complementary. These newfags weren't around in the early days to even know what the oracle problem is, they just think it's about fetching data and not about verifying truth. I hope these tards get fudded out of their pees too so they never make it.

LINK fudders seem to have latched onto ICP. Fact of the matter is, if you had any clue you would be holding both.

>>54663487
>Fact of the matter is
The correct sentence would be “THE fact of the matter is”

These little slip ups follow you when you think you’re making an anonymous post but it’s clear some ESL retard is replying.

>>54663514
Chainlinkgod our based king would never be foolish enough to go so far as to make that mistake

>>54663556
basedo CLG thanks kang

>>54663556
Chainlinkgod is literally more vaxxed than I am

>>54663514
Get a grip on reality friend, this is no way to live.

>>54663604
STFU ESL you are lucky Chainlinkgod is not ITT to correct your use of the English language. Show some respect

>>54663614
>Chainlinkgod
ESLs always marry their bags

>>54663614
incredibly based and vaccine pilled!

this is just like 2018!