/biz/ - Business & Finance

Let this be a reminder of that if the tech you're investing in has direct big time competition, then it's a shit investment. Competition is a bitch. Why do you think monopolies exist? Why do you think patents exist? If competition was really "le good and it encourages standards and quality", then monopolies, patents and copyright wouldn't exist.

>>56154170
It's honestly hilarious how embarassing these grifters are becoming. They're right about one thing, the average crypto spectator has an attention span of two weeks and an IQ of 90. I won't even mention that the former CEO of Google now works with Chainlink.
>HAHHAHAHHAHAHAHAHAAHHAHAHHAHAHAHAHAAHHAHAHHAHAHAHAHAAHHAHAHHAHAHAHAHAAHHAHAHHAHAHAHAHAAHHAHAHHAHAHAHAHAAHHAHAHHAHAHAHAHA

>>56154170
>YOU ARE LITERALLY GETTING REPLACED BY GOOGLE LMFAO
ctrl-F "Swift" zero results
ctrl-F "ANZ" zero results

it's a sequoia-backed marketing stint ("akshually it's modular and optional so devs CAN still use chainlink don't worry) because L0 being reliant on their biggest competitor's oracles exposes how big of a joke it is compared to CCIP

>>56154325
Denial isn’t just a river in Egypt anon.

>>56154401
This

Also hilarious is the block works “analyst” quoted saying he would trust centralized google over chainlinks 3-5 signature multi sig is hilarious. Do people not understand the multi sig is for Chainlink sponsored price feed contracts and is not specific to the underlying architecture or how DONs operate? Like just write your own contract and select your own DONs if you don’t trust the multisig.

Or are snake VCs just being disingenuous, I wonder…

What does that even mean? Google Cloud doesn't provide oracles as a service. Is this just LayerZero running their app on a VM in Google Cloud?

Google is decentralised, they have offices all over the world.

google cloud? replacing chainlink is really that fucking simple? oh god

did not expect this to be real. this line really stood out in the article

>Blockworks Research analyst Matt Fiebach addresses Kong’s concern. “I would trust Google as a company over the three or five multi-sigs that control Chainlink.”

What a time for Sergey to be knocked back down a peg after showing out at sibos.

just like ripple thought they were getting in and then when banks saw enough of their technology they forked and created their own technology and private networks to use instead.
it's even likely ripple was "in" on it, showing at the surface potential adoption paths for the public network and thus xrp, underneath knowing this was never going to happen but happy to sell their premined coins to the public under the guise.

>>56154534
Sergey getting his shit pushed in by a proper company that focuses on making money, sweet sweet justice

>>56154520
same way chainlink's "decentralized" nodes all fetch data from the same sources. if you have to trust one or many centralized truths in the first place just cut out the middleman.

>>56154571
middlemen are good and you should aim to have as many as possible. more middlemen = more decentralisation

>>56154569
Profits over everything is a recurring theme in this space, and sometimes Sergey loses sight of this because of his cushion

If Smartcon is underwhelming, Link hits $4

>>56154569
Holy shit, just buy an ad, man. You think anyone thinks you're *not* getting paid for this?

>>56154170
The majority of this article is about how it's a dumb decision that overly centralizes LayerZero and makes it untrustworthy.

LayerZero is clearly doing it bc Chainlink is their competitor (if you can even call LZ "competition" since they're just a shell company run by VCs meaning to scam retail at a certain point).

Also, Google doesn't have an oracle service. They use Chainlink. So, the whole thing is hilarious.

>>56154170
You are barely smart enough to read and nowhere near smart enough to understand. This is a death sentence for LayerZero

>>56154583
chainlink's technology always ends up at the same choke points. the final solution is simply signing and validating direct from source, without an unnecessary, costly, and slow process of funneling that data via a needless secondary chain.

>>56154498
The vast majority have absolutely no understanding of Chainlink as a framework separate from the company.

hope lz actually does an airdrop so i can instadump that shit for more link

>>56154636
>funneling that data via a needless secondary chain.

Chainlink doesn’t have a secondary chain… in fact listen to Sergey talk at Sibos. The other interoperability solutions competing with Link are the ones trying to introduce an intermediary chain for settlement where Chainlink is the one option as a secure messaging layer between chains

>>56154711
? we will have the bbc chain

>>56154170
lmao, link baggies know no end to pain

>VCs: Chainlink BAD so use Pyth!
>Multiple failures lead to huge losses.
>VCs: uhh oracle-free summer!
>Gets hacked and user funds stolen.
>VCs: umm oh I know, Google cloud! The hell with decentralization I guess!
Those fucking rat kek.

>>56154791
Imagine the timeline where the VCs said "oh cool, an oracle" and just integrated Chainlink and the whole space moved forward together.
We'd have flying cars and shit.

>>56154807
Those greedy fucks are willing to destroy the whole industry just to have control. They're still mad that Sergey didn't hand them 90% of the supply for dirt cheap.

>>56154170
Google can't figure out how to make their own apps works. Try syncing your photos to Google drive. Even with a paid for account, it siezes up.

Advanced stuff. It's been doing for a decade or so. Other people have already mentioned it.

Google is a husk of what it was

>t. If you didn't get an account by invite, you're very definitely the 99.99999%

>>56154170
OF COURSE YOU CAN LMAO

BIZTARDS DO NOT UNDERSTAND THAT ORACLES ARE NOT TECHNOLOGY, THEY ARE A MIX OF INSURANCE AND RISK MANAGEMENT.

LINK = A network of nodes you don't know who answer your critical requests, you have no clue how secure it is, the LINK Marketcap DOES NOT mean higher security ot data quality AT ALL.
It's not similar to hashrate.

I would gladly integrate Google oracles instead of Chainlink. They have much more to lose in case of failure, a lot more at stake, and they master networks and system uptime like no one else.

Chainlink and all crypto oracles (supra, tellor, dia,..) are all absolutely overhyped and unusable.
Always have been. There is no oracle problem

>>56154711
chainlink is the secondary "chain", the network of weaker trust guarantees for oracles, for example, represent a middleman ripe for disruption.

>>56154807
a lot of them did say "oh cool, an oracle"
then they threw a hissy fit when sergey said "pay up"

>>56154895
>They have much more to lose in case of failure, a lot more at stake, and they master networks and system uptime like no one else.
Familiar with this?
>=GOOGLEFINANCE

Hard mode, don't ask stack exchange.

>>56154901
too bad there is nothing particularly secure about chainlink oracles, about their uptime, failure recovery or even data quality. The LINK token truly has nothing useful attached to it

>>56154928
yeah its years old, no? that's called an excel sheet with UX

>>56154895
there is an oracle problem, its just solved by a trusted entity, one being the source of the data itself. chainlink just has no path to becoming a trusted entity for anything but low-risk crypto native uses.

>>56154935
the token never had anything to do with it. if it did the whole system wouldn't need such a heavy subsidy from the company itself.

>>56154949
Buh bye

>u-ummm well layerzero said that c-chainlink is uh... it's "iffy"
>so uh just sell your tokens now
>t. NFT influencer expert
wow just sold 100k

>>56154895
>There is no oracle problem
holy shit stfu and go learn something before you spew shit out your face

>Google cloud Oracles
So just Chainlink. Kek fuddie

>>56154170
Imagine thinking Google Cloud runs their own oracles.
And we've never heard of it until now.
And we still have no idea who or what they specifically are.

Imagine thinking that for just a second.

>strictly positive improvement

>>56154901
>chainlink is the secondary "chain”

It’s literally not a chain… got the fudders have gotten insufferable

>>56154592
you replied to him, now he gets paid

>>56155302

>>56155079
And here I thought that I barely knew anything about crypto. These scammers are all about to get whats coming to them. We’re really about to leave the path to the singularity littered with their corpses.

>>56155861
God I hope SBF is in a cell that’s not quite tall enough to stand up in and not wide enough to lay down

>>56154170
>>56154211
I agree. I think there's still a lot of delusion among baggies and shills themselves, but the fud comes off genuinely tired these days particularly in the context of ongoing SIBOS which was an extraordinary milestone. I think part of it is retards trying to rope others into spoonfeeding them a la 2018, but whatever it is it comes off as tonedeaf as the giga copium from baggies in 2021 as LINKBTC collapsed.

>>56154711
checked

>>56154404
took me a second to kek.
damn i might be black

>>56155861

That fucking kike!!!!

>>56154592
smokin that baggie seethe pack

>>56154534
Ahhh yes its fully decentralized (except for the google M&S devops who have free access to the code)

>>56155302
based king fishy catface literally pushed this VCs shit in on Twitter recently lmao

>>56154560
No they didn't. They tried and failed with Consensys/JPM Coin and couldn't compete. And Ripple holds the patent on ODL and Interledger Protocol is optimized using Ripplenet which is optimized using you guessed it XRP. LINK and XRP are not the same thing or in a a similar situation whatsoever.

>>56158699
You love to see it.

>>56158749
thank him for this service, doing god's work. https://youtu.be/HlIlupxyzqo
I am humbled by this.

>>56154401
Artie Lange promoter was sequoia

>>56158721
>>56154560

>>56154791
When it comes to Chainlink specifically, crypto actors are being scummy kikes while the banks are acting righteously.
What is going on.

>>56155227
This

>>56154325
Good so see your care about Australia and New Zealand.

>>56154170
how can people be in these positions and make retarded decisions?
I just don't understand bros, is confidence and a massive ego all you need to make it?

>>56159028
it's literally a vc scam

>>56155302
VCs and their familiars are like cryptographic jews, or cryptojews. The only solution to the VC problem is a final one.
The Jewish Question gave rise to a Hitler-answer. The Cryptojew Question gave rise to SN.

>google would not run a full node
arbitrage time

Google Cloud sounds fancy, but it is nothing more than hosting a webserver right?

>>56154170
shitty news for CCIP at the public chain level. You can already use LayerZero and there'll probably be an airdrop so many will. It moving away of Chainlink makes it a potential competitor in the cross-chain sector. Still centralized though, in the end fuck Google.

>>56154583
This is why Supra is good.

>>56161725
>layerzero
lol
lmao
no