Cheap link

[Anonymous No.11043271]

Will link ever go back to the 0.15-0.2 range? I have 15k usd burning a hole in my pocket and i dont want to buy only to have the price drop 50%. Happens every fucking time.

[Anonymous No.11043290]

>>11043271
Yes, is just an utility token without real use

[Anonymous No.11043312]

>>11043271
Main net is in two weeks, so no.

[Anonymous No.11043315]

>>11043271
It's more likely that Gimi wins WDC in sauber than link going below 27c EVER AGAIN

[Anonymous No.11043370]

>>11043271
why not buy 5k now and wait a week to drop 10k

if you zoom out, you'll see it's a pretty good spot to buy.

[Anonymous No.11043401]

link is dead. Buy QNT.

[Anonymous No.11043424]

>>11043315
Jimbo is more likely to ransack the chimney before Kwanzaa next season's episode starring Don Knots.

[Anonymous No.11043473]

Wh uptake the risk? Just set a dollar cost average schedule or buy it and forget about it.

Hail victory. May LINK bring about the return of our nazi messiah. Hail Sergey.

[Anonymous No.11043476]

>>11043312
if link does hit mainnet then it still won't be "done" - once people realize, price will dump

[Anonymous No.11043493]

>>11043271
Good news, OP! Soon you'll ONLY be able to buy LINK at 0.05 - 0.08!

[Anonymous No.11043503]

>>11043476
Sergey would never release a garbage product. John Barker is up at 9pm again slaving away. That guy is a literal ex-Marine. He's a True LinkMarine.

[Anonymous No.11043546]

>>11043503
then mainnet is not in 2 weeks

or perhaps "mainnet" and "complete product" are 2 different things - SLAs, aggregation, ... the team keeps adding tasks to the pivotal tracker as they think of them, and there's still a lot to do.

also, see pic related

[Anonymous No.11043588]

>>11043546
Very interesting... that would explain why the 'add sgx builds to Circle CI' and 'set up integration tests for sgx' tasks are still in the icebox.

[Anonymous No.11043614]

>>11043588
They could still potentially roll out a mainnet release with what they've currently got, but it would be just about as useful as Oraclize

[Anonymous No.11043629]

>>11043614
Good enough for a massive moon mission if companies and various shitcoins start using it

[Anonymous No.11043648]

If Chainlink run a mainnet without enough security could be a big reputation problem. Be serious biz, this project have a lot of months of work.

[Anonymous No.11043651]

>>11043614
They probably have a deadline to get a working product out by dreamforce and then they'll add SGX integration, reputation, more complex aggregation, etc down the road.

[Anonymous No.11043661]

>>11043614
That could be related to sgx being in development around the time the whitepaper was being developed and because it wasn't available yet Sergey and Co. didn't want to promise something that was unknown at that time. This is actually pretty bullish for Chainlink because it shows they were thinking long-term when they wrote the whitepaper and have probably thought through most if not all of our concerns by now.

[Anonymous No.11043675]

>>11043651
This. It's called an MVP. Don't listen to brainlet FUD saying 2-3 years out.

[Anonymous No.11043678]

why the fuck does 4 chan keep shilling this shit coin??

genuinely curious

[Anonymous No.11043683]

>>11043648
It could just be a testing phase, who knows? The point is they can have multiple releases making it better and better. The true 100% finished product with every component could be months away, but they can have something that works for the moment. Ethereum can currently handle 14 tps and it's valued at nearly $20 billion ffs. It didn't need to be completely scaled to moon.

[Anonymous No.11043692]

>>11043678
>he doesn't know

[Anonymous No.11043701]

>>11043271
Based gimmi

[Anonymous No.11043711]

>>11043678
Because it's reinventing how contracts are formed and payments are processed.

[Anonymous No.11043726]

>>11043651
>>11043675
a bare skeleton like that not even involving the token wouldn't give you anything more than a 50% pump and then dump to pre "announcement" level
it's like you guys are in crypto since yesterday
I would rather wait for a proper fully functional mainnet that will create a constant upward preassure on the token price instead of some half-assed shit

[Anonymous No.11043728]

>>11043271
DCA in.

[Anonymous No.11043771]

>>11043726
It won't be half-assed dude. It's literally identical to building a basic computer program and then over time adding new features. Don't think of it as building a wooden shack, but a half-completed skyscraper that will be completed over time.

My guess is there's a reason why OpenLaw and Market Protocol are beginning integrating chainlink right now, and it's because they're expecting main net to be released soon. Otherwise why would they announce it now?

[Anonymous No.11043780]

>>11043614
kek, quite possibly

>>11043651
That would be assuming that Salesforce has a bigger influence than SmartContract's other partners, who would presumably want to make sure it's done right before fully launching. Not ruling it out but seems unlikely

>>11043661
My interpretation was that "network" in that sentence referred specifically to the oracle network, which at this point in time does not exist (since Chainlink's network is technically distinct from Ethereum's). If you think of it as Ethereum testnets like Ropsten, where CL nodes are currently being unit tested, then I could see why you think this is bullish.

[Anonymous No.11043901]

>>11043711

i've been researching the shit out of this coin,

still does not address sybil attacks accordingly

[Anonymous No.11043946]

>>11043901
you may enjoy this little exchange w/ thodges

[Anonymous No.11043959]

>>11043946

if anyone can explain how chain link can prevent sybil attacks, i will buy chainlink

for now. all the morons shilling this shitcoin are completely clueless and have no background in computer science or finance.

[Anonymous No.11043976]

>>11043901
Didn’t you read the whitepaper?

[Anonymous No.11043990]

>>11043959
You don't even know what a sybil attack is. Kys

[Anonymous No.11044031]

>>11043976

yes i did. the white paper "claims" it can prevent a sybil attack through a certification service.

their other solution is to use "trusted" hardware.

these are not better solutions to centralized data feeds. nor will it completely solve sybil attacks.

[Anonymous No.11044034]

>>11043271
>>11043312
They haven't even STARTED reputation and aggregation, assuming Thomas is telling the truth in pic related. Mainnet Q2 2019, Q1 if we're lucky

[Anonymous No.11044047]

>>11043990

i know what a sybil attacks you dickhead. go kys.

dellusional morons like you can't even explain the fundamentals why this shit coin should ever take off.

[Anonymous No.11044092]

enjoy bag holding this shit coin. faggots

https://news.ycombinator.com/item?id=16109661

[Anonymous No.11044095]

>>11043959
From Wikipedia:
>A reputation system's vulnerability to a Sybil attack depends on how cheaply identities can be generated, the degree to which the reputation system accepts inputs from entities that do not have a chain of trust linking them to a trusted entity, and whether the reputation system treats all entities identically

>how cheaply identities can be generated
creating a node should be fairly low cost, but without a good reputation it will receive few requests. if there is a minimum amount to stake, it gets pricier at scale

>the degree to which the reputation system accepts inputs from entities that do not have a chain of trust linking them to a trusted entity
this one is worth looking into. luckily, the whitepaper addresses this. see pic related

>whether the reputation system treats all entities identically
the code only ascribes one ID to each node, so I don't see how you would be able to use multiple for a single node
still worried about sybil attacks, little bitch?

[Anonymous No.11044114]

>>11043271
main net is in like 3 weeks bro. I wouldn't risk it

[Anonymous No.11044163]

>>11044031
Why not? You have to be certified to run an oracle meaning you can’t just make 1000 nodes with 100 LINK each, and the data is passed through a trusted enclave. That seems very secure to me (although admittedly I don’t have a large knowledge of compsci)

The nodes that continually show the most reliability will be used the most. I prefer to think of it almost as a blockchain where the more time passes (more blocks) the more immutable something is. Similarly, if a node has been running at 100% uptime for 6 months and processed 10,000 requests with a < 1% error rate I’m absolutely going to trust it. Plus I can choose 10, 50, 100+ nodes of similar integrity. No one is going to use a node that seems iffy.

Their solution seems pretty solid to me, especially with tens of thousands of nodes on the network.

[Anonymous No.11044174]

>>11044095

>>muh reputation system
dumbass you're assuming some massive conglomerate can't setup hundres and thousands of nodes and centralize cluster fuck this network and feed data to smartcontracts as they please.

>>muh ascribed ID's
>>muh reputation system

dellusional as they come

[Anonymous No.11044194]

>>11044163

if you have to "certify" anything, it becomes a PERMISSIONED network plain and simple.

[Anonymous No.11044202]

>>11043959
>if anyone can explain how chain link can prevent sybil attacks, i will buy chainlink
We don't give a fuck. You can buy next year with the rest of the normies.

[Anonymous No.11044228]

>>11044163


okay so in the case of insurance smart contract pay out..


tell me how chainlink or any "trusted" node can figure out whether or not the fire was an accident or set on fire by arson.

the same goes with plenty of other things that require some level of human interpretation.

garbage in garbage out.

brainlets like to give donations to people with ideas and PDFs

[Anonymous No.11044248]

>>11044174
so long as there is enough LINK available for others to run their own nodes, you can just make your requests to the network such that you avoid querying nodes run by centralized entities

not saying big corps won't try and amass a wealth of nodes, they will, but it won't ruin the network since you don't need global consensus from every chainlink node to run an aggregation job

[Anonymous No.11044249]

>>11044194
Yes and no. Anyone can run a node, but you have to certify yourself first (that you’re not the same individual twice). There are no general restrictions on who can board an airplane, but you have to certify yourself (that you aren’t a terrorist or otherwise a knave).

[Anonymous No.11044267]

>>11044228
Yeah, we’re all just a bunch of fucking morons.

[Anonymous No.11044276]

>>11044249

>>in the case of insurance smart contract pay out
>>tell me how chainlink or any "trusted" node can figure out whether or not the fire was an accident or set on fire by arson

[Anonymous No.11044284]

>>11044228
that's a problem for external adapters; it doesn't compromise the need for the network. to tackle use cases like this, more specialized companies will likely step in and build solutions on top of chainlink

[Anonymous No.11044307]

>>11044284

no you idiot. this is what oracles do. they are data feeds for verified information. if chainlink is suppose to decentralize this.shit.. it is a longg long way off.


enjoy bag holding! hahaha

[Anonymous No.11044327]

>>11044276
I’m done spoonfeeding your faggoty ass. Enjoy buying bags at $10

[Anonymous No.11044344]

>>11044327

smart contracts don't work because they don't have correct external data-feeds

>that's a problem for external adapters

LMAO see how this becomes a recursive problem.

seriously all chainlink faggots go kys

[Anonymous No.11044347]

>>11043271
HAHA no

[Anonymous No.11044356]

>>11044327

by the way you aint spoon feeding shit. i'm spoon feeding you some red pills and in your delusional heavy bags would rather green pill it.

[Anonymous No.11044441]

>>11044356
damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning

[Anonymous No.11044468]

$2.5K EOY is on track boys

[Anonymous No.11044479]

Sergey spent all his time consuming bigmacs rather than running the project. Marketing director is just bullshit to keep the bagholders happy.

[Anonymous No.11044521]

>>11044307
Ok, native Chainlink solution:

Inputs:
>homeowners were away at dinner, thus unlikely to have caused fire (sourced from e.g. OpenTable API, confirmed transactions at restaurant)
>police reports: man seen leaving scene prior to fire
>news articles about fire, hints that police are keeping quiet about details
>reports from electrical inspector rule out fire due to old/faulty wiring
>warrant put out for escaped arsonist several counties away

Note, contracts are ongoing processes, so events describing this data may be coming in over the course of days, weeks, months, ...

Conditions:
>contract expires at an agreed-upon time
>if cause of fire at time of contract expiration is arson, pay homeowners

Outputs:
>your aggregation contract looks at the facts
>decides homeowners get payout

[Anonymous No.11044649]

>>11044521

assuming all this data is propegated on some consolidated database and an ai can put all the pieces together for evaluation.

you are still a long long long way from this shit being mass adopted.

and insurance contracts like that don't have an expiration date until the final cause of the outcome is thoroughly investigated.

what you just described is a massive pipe dream lulz.

not saying its impossible. its probably 10 years away from being reality. that's too much time between now and then to risk the chance of an idea presenting a better solution.

like i said enjoy those heavy bags.

[Anonymous No.11044703]

>>11043271
I'm waiting actually for 0.05 to .10

[Anonymous No.11044706]

>>11043588
If you didn't already know this, then READ THE WHITEPAPER.

[Anonymous No.11044708]

>>11043271
Don't buy chain link. Buy fabric token and then create a gimi token.

[Anonymous No.11044861]

>>11044649
>implying insurance payout is the only use for oracles

[Anonymous No.11044885]

>>11044174
> reduced to ad-hominem and obviously still doesn't understand how the reputation system works
More proof that we can spoonfeed you retards information and you'll choke instead of chew. You're going to die poor, angry, and stupid buddy. Best of luck till then.

[Anonymous No.11044905]

>>11044649
>implying fire insurance is a primary use case for Chainlink.

No you idiot, everyone knows the main use case for oracles is to deliver Big Macs into Sirgay’s belly

[Anonymous No.11044938]

Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

[Anonymous No.11045422]

>>11044861

how else would you verify the data that would invalidate or validate an insurance contract payout???


you missed the whole point of what chainlink can't ever solve. stay delluded

[Anonymous No.11045479]

>>11044938

this . i dumped it all a day before the sibos joke.

proof of concept to swift don't mean shit.

you think a privately held conglomerate that controls the entire banking messaging network is going to let a little shitty start up and overpriced PDF steal their thunder.

hahahaha stay deluded linkies.

[Anonymous No.11045530]

>>11044885

how much of an idiot are you to not realize a sybil attack means a certain group of people feeding false information for an indefinite period of time will seem legitimate (reputation system approved) until it is too late.

like is said garbage in garbage out.

a network with a reputation system is only as good as the information its given and the weight of that information that is met with consensus. sybil attacks BTFO bypass this whole concept.