[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 136 KB, 916x596, Screenshot 2018-07-03 at 11.42.57 PM.png [View same] [iqdb] [saucenao] [google]

CHAINLINK ISNT EVEN NEEDED LMAO Anonymous Tue Jul 3 23:44:13 2018 No.10142550 [Reply] [Original]

tell me again why sergey's decentralized oracle project is so precious?

>>	Anonymous Tue Jul 3 23:45:54 2018 No.10142565 mods pls delete

Anonymous Tue Jul 3 23:47:29 2018 No.10142580

>>10142550
This makes me feel good knowing every shit coin is focusing on oracle's now. This means no matter what, a Oracle is the next step in the blockchain.

So whoever solves the Oracle problem will actually be fucking massive and it's likely gonna be chainlink regardless of what you plebs say because "normie friendly".

>>	Anonymous Tue Jul 3 23:48:15 2018 No.10142585 File: 294 KB, 993x985, IMG_7057.jpg [View same] [iqdb] [saucenao] [google] dlt srs pls

Anonymous Tue Jul 3 23:51:10 2018 No.10142609
File: 1.08 MB, 320x212, F6DB3CE2-8EA8-4BE9-A99E-D5A91ED4E1AB.gif [View same] [iqdb] [saucenao] [google]

>>10142580
Correct. If link solves the oracle problem which they most likely will then it actually is the next big thing. Anyone who doesn’t agree is either trying to fud because they’re still accumulating or a slaphead fucking retard.

Anonymous Tue Jul 3 23:52:34 2018 No.10142626

>>10142550
Even EOS has built in oracles using same method that Steem used where node/block producers had to find their own API data and the system would agree on the majority that seemed right. If you started feeding data youd lose your big paycheck as a block producer.

You guys werent really buying an oracle only coin, were you?

>>	Anonymous Tue Jul 3 23:53:04 2018 No.10142631 Is there even enough newfags left on this board to bother fudding?

Anonymous Tue Jul 3 23:53:26 2018 No.10142635

>>10142550
lol now im definitely selling my MKR

is this guy one of the devs? sounds like hes spewing a few buzzwords to the plebs while lowkey dissing his competitors.

>chainlink is focused on making an easy to use oracle, not one that is maximally secure
>what is decentralization

this guy thinks 14 nodes confirmining one piece of data is superior to possibly thousands?

toppity kek m8

>>	Anonymous Tue Jul 3 23:54:23 2018 No.10142644 >>10142609 Codeship. You’re delusional bro.

>>	Anonymous Tue Jul 3 23:54:34 2018 No.10142649 >>10142635 >decentralized consensus*

>>	Anonymous Tue Jul 3 23:55:54 2018 No.10142665 >>10142609 You don't know if they 'most likely' will solve the oracle problem. They're working on it, and you'd be stupid to not have a small stack, but we don't know if they can solve it AND implement it well.

>>	Anonymous Tue Jul 3 23:56:32 2018 No.10142675 >>10142580 Problem is that everyone knows it and that is why there is already too much competition.

>>	Anonymous Tue Jul 3 23:58:19 2018 No.10142688 File: 120 KB, 991x1092, 003B43BC-F8D5-46E1-8E48-B21509F32A5D.jpg [View same] [iqdb] [saucenao] [google] >>10142644 retard

Anonymous Tue Jul 3 23:59:15 2018 No.10142693
File: 260 KB, 750x937, A80F9A77-E2D1-4247-ACB3-4473FD0D6803.jpg [View same] [iqdb] [saucenao] [google]

>>10142675
There is no competition, the industry already decided to use chainlink.
they are already the chosen ones.
They have motherfucking Ari Juels, Swift , Microsoft and possibly the entire EEA behind them.

>>	Anonymous Tue Jul 3 23:59:19 2018 No.10142694 >>10142688 back of the codeship, window licker.

>>	Anonymous Wed Jul 4 00:00:11 2018 No.10142700 >>10142693 Maybe the chosen should release a fucking product

>>	Anonymous Wed Jul 4 00:01:30 2018 No.10142710 >>10142580 There are two coins with oracles that launched their mainnets recently.

Anonymous Wed Jul 4 00:02:15 2018 No.10142716

>>10142550
lol, it's almost like the smart minority has been telling you this shit a long time ago. but no, brainlets think more retards disagreeing = it must be right.

https://www.youtube.com/watch?v=gFmKlkhoOXY
https://www.youtube.com/watch?v=x1R7wFK9SwE

>>	Anonymous Wed Jul 4 00:02:41 2018 No.10142720 >>10142710 Are they decentralized though?

>>	Anonymous Wed Jul 4 00:03:16 2018 No.10142725 >>10142700 kek

>>	Anonymous Wed Jul 4 00:03:27 2018 No.10142727 >>10142700 Its almost done I can feel it

Anonymous Wed Jul 4 00:03:54 2018 No.10142729

>>10142665
Don't think I've seen a better team. Dedicated guy to do the talks and business. Dedicated programmers building the project, waking up at 5:15 am doing GitHub commits. Completely open source software (always are built faster) and the first movers since 2014. Website registered since 2008.

Plus decentralization, secure hardware nodes and overall a much better solution that's focused on security and tokenization. Tokenization approaches are better because we're using existing technologies like ETH instead of starting from scratch with a new blockchain.

>>	Anonymous Wed Jul 4 00:04:23 2018 No.10142734 >>10142727 I’m feelin something aright Feeling that Russian fuck did some Commie tricks

>>	Anonymous Wed Jul 4 00:07:08 2018 No.10142757 Buy Mobius

Anonymous Wed Jul 4 00:07:26 2018 No.10142758

>>10142688
Chaincode adapter script will take 2 years to build. The adapter code to ship will take 5 years to build, debug and build. The debugging process will take at least 3 years, due to the complexity of it. Its a huge task bro. Microsoft has been working for 8 years on the shipcode arrangements for their own products and they are still working on it. The future is questionable.

>>	Anonymous Wed Jul 4 00:11:49 2018 No.10142786 >>10142758 What's all this based on?

>>	Anonymous Wed Jul 4 00:13:29 2018 No.10142795 >>10142631 /biz/ gets a lot of traffick so yeah

>>	Anonymous Wed Jul 4 00:13:42 2018 No.10142797 >>10142786 Bedbugs.

>>	Anonymous Wed Jul 4 00:15:02 2018 No.10142807 Okay but this is only one piece of data. The beauty of link is it can get any data for you and it’s all done under the hood.

>>	Anonymous Wed Jul 4 00:15:20 2018 No.10142810 File: 35 KB, 490x586, 473.jpg [View same] [iqdb] [saucenao] [google] Can someone explain to me what makes Linkie decentralized as opposed to distributed? There are a bunch of distributed oracles out there.

>>	Anonymous Wed Jul 4 00:16:03 2018 No.10142817 File: 430 KB, 1592x1548, 1528853322091.png [View same] [iqdb] [saucenao] [google] >>10142786 Literally nothing >>10142758 is an actual brainlet, pic related.

>>	Anonymous Wed Jul 4 00:37:21 2018 No.10142958 File: 219 KB, 454x608, 1068545441.jpg [View same] [iqdb] [saucenao] [google] >>10142580 What's an oracle.

>>	Anonymous Wed Jul 4 01:01:45 2018 No.10143130 File: 255 KB, 300x243, 1523026982932.gif [View same] [iqdb] [saucenao] [google] >>10142550

Anonymous Wed Jul 4 01:43:28 2018 No.10143386

>>10142550
isn't this what Vitalik was trying to say?
Projects that desperately need oracles will build their own. Those that don't really need oracles wouldn't have used chainlink anyway. That doesn't mean there isn't a market for chainlink, but that market is not as big as people believe.

>>	Anonymous Wed Jul 4 01:47:16 2018 No.10143405 >>10142786 He stuck a finger up his ass then pulled it out and sniffed it and that paragraph came to his mind.

Anonymous Wed Jul 4 02:02:48 2018 No.10143514

>>10143386
Of course it isn't. Yet. Smart Contracts are young AF. Half the things they will be used for aren't even close to being functional yet. This is why 2020 is where this shit BEGINS. You are literally holding the next ETH. It takes a couple years for the world to catch up. Just like it did for Ethereum.

Anonymous Wed Jul 4 02:45:39 2018 No.10143731

>>10143514
I get what you're trying to say, but here's the problem. The distribution of money. Let me give you an example to better illustrate my point. BAT bagholders seem to think that all the advertisers in the world will buy ads through their ad network. This will not happen for many reasons that I won't go through now. The other issues is that money is concentrated and not distributed evenly. In digital advertising, around 80% of the money goes through Google and Facebook while leaving the rest to fight for scraps. BAT will compete in the scraps tier not in the Google and Facebook tier.
That's what happens in most industries. 80-90% of the money goes through 1-2 players while rest fight for 10% or even 1% of the marketshare.
I envision a similar scenario with Link. I've seen retarded valuations touted around here in the order of trillions of dollars because "muh link will disrupt whole industries". That's not how this works. Those industries that will benefit from oracles will probably build their own networks because they like money. Microsoft is already making moves in this space. I see link being used for small and hobby projects while slowly becoming "the wordpress of oracles" in 10 years. Link being used to disrupt trillion dollar industries is unlikely to happen. This might be the next ETH but not for the reasons that people believe and not in the time-span that people believe.

my 2 cents

>>	Anonymous Wed Jul 4 02:47:55 2018 No.10143748 File: 47 KB, 600x656, 1515339058592.jpg [View same] [iqdb] [saucenao] [google] >>10142550 MEME'n n dreamin

>>	Anonymous Wed Jul 4 02:50:44 2018 No.10143763 >>10143731 cuck

>>	Anonymous Wed Jul 4 02:51:02 2018 No.10143768 >>10143731 stop fudding. $1000 EOY

>>	Anonymous Wed Jul 4 02:55:24 2018 No.10143793 File: 91 KB, 200x200, 123214241512.png [View same] [iqdb] [saucenao] [google] >>10143763 >>10143768 >the average link holders >the next generation of millionaires

>>	Anonymous Wed Jul 4 03:24:40 2018 No.10144011 File: 580 KB, 2400x1727, oraclize is centralized - service interruptions.jpg [View same] [iqdb] [saucenao] [google] >>10142550 >centralized oracle We tried that, it's no good.

>>	Anonymous Wed Jul 4 06:13:18 2018 No.10144995 >>10142795 Kek >>10142635 This.

>>	Anonymous Wed Jul 4 06:22:28 2018 No.10145057 >>10142795 >/biz/ is now bigger than both /g/ and /fit/ What the actual fuck.

>>	Anonymous Wed Jul 4 06:23:30 2018 No.10145065 >>10142580 lol there are already working oracles retard. theyre barely useful enough to implement in a full product, let alone a product dedicated solely to an oracle

Anonymous Wed Jul 4 06:29:49 2018 No.10145092

>>10142550
It's not decentralized OP. They are saying it is but the 14 nodes are actually theirs, making it centralized. I was a bit surprised because I took the Reddit guy at his word but if you read it's obvious he is talking about using 14 nodes they own.

TLDR they are are as decentralized as EOS.

>>	Anonymous Wed Jul 4 06:30:04 2018 No.10145095 >>10142729 God shut the fuck up you deluded shill faggot

>>	Anonymous Wed Jul 4 06:36:15 2018 No.10145132 CHAINLINK = TRUSTLESS DATS WINNER!!!

>>	Anonymous Wed Jul 4 06:38:37 2018 No.10145145 >>10145132 *DATA

>>	Anonymous Wed Jul 4 06:53:46 2018 No.10145237 LINK changed my life

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]