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9252034 No.9252034 [Reply] [Original]

I'm not smart but I put a ton of money into link because to me self executing contracts that trigger when real world events happen sound really cool. Although, is this even possible? Basically, has this been tested and is there anyplace I can go read about working successfully where a smart contract pulled data from the outside world using onto the distributed ledger and executed the concractual agreement? or is ChainLink still just a theory and they're trying to pull off solving the biggest problem the world has ever faced? Help I'm in deep here.

>> No.9252183

>>9252034
no it hasnt been done before thats the whole point

>> No.9252215

>>9252034
It hasn't been done. It's a really hard problem to solve.

And it's not a problem some random philosopher who doesn't know how to code is gonna solve.

Hence why I own 0 link.

sage

>> No.9252220

>>9252034
people made fun of oracles since CL started getting popular.

now every crypto is trying to use some sort of oracle. cl has been building a granite foundation since bitcoin was created.
strap the fuck in bucko.

>> No.9252249
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9252249

>>9252034
read about the POC at SIBOS 2017

https://imgur.com/a/mkod3

>> No.9252314

>>9252220
>people made fun of oracles since CL started getting popular.
lol wut, oracles have always been in the picture, the reason people make fun of CL is because of the brainlet CEO who think he can fix one of the existential problem of crypto.

He can't. He's a random brainlet who doesn't even know how to code.

Someone will, one day, but it won't be Sergay, that's for fucking sure.

>> No.9252317

>>9252034
> Basically, has this been tested and is there anyplace I can go read about working successfully where a smart contract pulled data from the outside world using onto the distributed ledger and executed the concractual agreement?
No. Ropsten is the first time someone did it.
The only thing to read is the Chainlink whitepaper.

>> No.9252335

>>9252183
>>9252215
It has happened before, it happens many times everyday, only the oracles are centralised.

>> No.9253095

>>9252335
Yes, and that's the entire point. Centralized oracles don't solve any real world problem, you still have to trust someone, there is little to no reason to use a smart-contract with centralized oracles over a regular contract.

Decentralized oracles on the other hand make the entire process trustless and removes the need of a third party.