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File: 36 KB, 400x500, pepe_link_forbes.jpg [View same] [iqdb] [saucenao] [google]
7927921 No.7927921 [Reply] [Original]

Is Chainlink the best oracle for stablecoins?

https://multicoin.capital/2018/01/17/an-overview-of-stablecoins/

There are 3 kinds of oracles that could be used for stablecoins
>1. trusted data source (like oraclize).
>This re-centralizes trust in the system on the oracle.
>Data sources can be manipulated.

>2. Use a set of delegated data feeds and take the median.
>This is the approach used by BitShares. Users use stake-weighted voting to elect delegates to provide price feeds.
>The median of the price feed is used, meaning a majority of the delegates would have to collude to to manipulate the price feed.
>The software can set limits on how much the price feed can move in certain time frames.
>Delegates can be voted out for providing faulty data.
>3. Use a schelling point scheme.
>Users who stake tokens are able to provide price inputs. Votes are weighted by the amount of tokens staked.
>The software sorts the values input by users. Users who provided an answer between the 25th and 75th percentile are rewarded, while users who submitted answers below the 25th percentile and above the 75th percentile are slashed (and their tokens redistributed to those who answered correctly).
>This approaches uses game theory to make the optimal input the one that most accurately reflects reality.

By Shellingcoin does he mean ChainLINK? It sounds a lot like LINK. Or does he just not know about LINK?

>> No.7928064
File: 66 KB, 656x592, Ari Paul Importance of Oracles.png [View same] [iqdb] [saucenao] [google]
7928064

>>7927921

Are you the anon from the thread yesterday? ( >>7903119 ) I gotta thank you if you are. Definitely the strongest case for chainlink there is.

I also did some digging are Ari Paul (big wig on the space) basically said what the article is saying. If the "oracle problem" gets solved stable coins, derivatives, and other fin tech will easily transition to the blockchain.

>> No.7928095

>>7928064
Ari Paul started following Sergey on twitter

>> No.7928114

>>7928095
Only because Sergey threatened to show up outside his house if he didn't.

>> No.7928144

>>7927921
>stablecoins

oh no /pol/ you aren't getting me.

...a third time.

>> No.7928160

why the fuck does this coin go from 50 - 85 - 30 in 3 days?

>> No.7928182

>>7928114
u gotta do what u gotta do

>> No.7928193
File: 40 KB, 640x423, 1519010879007.jpg [View same] [iqdb] [saucenao] [google]
7928193

ChainLinks ICO was super expensive (300 Eth) to buy in - they wanted it controlled by a select few whales. They were not expecting 4chan members to pool their Eth and buy in too, and then spread the info about links potential. Swift didn't want the token even listed, but it was an erc-20 token, and exchanges don't need permission to list them. Binance listed it anyway (back before they were as popular as they are now) and swifts plan to control everything fell apart.

>> No.7928218

>>7928160
ESTAMOS TODOS JUNTOS EN ESTO

¡NO ESTIME EL PODER DEL PENSAMIENTO POSITIVO! ¡PENSAMIENTO POSITIVO ESPECIALMENTE COLECTIVO!

¡ESTA MIERDA VA A ALCANZAR $ 1,000 FÁCILMENTE!
SIENTA ESE PENSAMIENTO Y VISUALIZELO EN TU MENTE TODOS LOS DÍAS TAN PRONTO COMO SEA POSIBLE COMENZANDO AHORA Y SE MANIFESTARÁ EN REALIDAD. ¡HAZLO! ¡NO ESTOY BROMEANDO!

VISUALICE CON LA FRECUENCIA Y TAN DETALLADO COMO SEA POSIBLE!

>> No.7928292

>>7928095
No he didn’t.

>> No.7928310

>>7928218
eres un MANÍACO

>> No.7928331

>>7928193

Though this scenario could be possible, you're are making an inference that does not adhere to a current fact. That is: there are currently 650,000,000 tokens out of circulation. The intention is to allow institutions like SWIFT to purchase large amounts directly from SC with the intention of staking on their own nodes/paying to use the infrastructure.

This would still allow them to become one of the dominant entities in the chainlink ecosystem.

>> No.7928545
File: 49 KB, 392x703, IMG_20180224_192847_499.jpg [View same] [iqdb] [saucenao] [google]
7928545

>>7928292

>> No.7928596
File: 399 KB, 1366x768, arisergey.png [View same] [iqdb] [saucenao] [google]
7928596

>>7928095
>>7928292
Shut the fuck up. Did you even check? I just checked and holy fuck he actually did.

https://twitter.com/AriDavidPaul/following

I'm extremely angry at you >>7928292 for spreading false info. Were you lying, or just ignorant? I seriously want to kill you, to smash your face in.

>> No.7928792
File: 4 KB, 250x208, 1518362383257s.jpg [View same] [iqdb] [saucenao] [google]
7928792

>>7928596
he must pay

>> No.7928804
File: 80 KB, 1411x229, PSD2.png [View same] [iqdb] [saucenao] [google]
7928804

>>7928064
>If the "oracle problem" gets solved stable coins, derivatives, and other fin tech will easily transition to the blockchain.
not to mention the massive use-case for LINK with PSD2 and open banking APIs.
A eurobro posted pic related yesterday, though. So we'll have to see on that front

>> No.7928835

>>7928596
Calm down autismo

>> No.7928944

>>7928193
false. ching ding, the owner of binance, said he always contacts the owners of the coin, he said this when talking about another coin, i think nano. poor shill