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/biz/ - Business & Finance


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11240934 No.11240934 [Reply] [Original]

https://media.consensys.net/the-state-of-decentralized-oracles-df45bf0dc51d

The Future of Oracles
TL;DR the oracle problem is solved. An end-to-end decentralized general-purpose oracle system basically exists for use today, in the form of Shintaku. While future research can surely improve components of the system (ask my old research group if they’re working on anything in this area if you’re excited about this stuff!), in large part the long-standing problem of getting external data for on-chain consumption is a solved one.

I expect improvements to things like on-chain general-purpose random number generation to be a hot topic in the coming years, which is something that, if done correctly, will be very useful for Athena/Shintaku-based oracles and a multitude of other decentralized applications.

Closing Thoughts
With the oracle problem out of the way, my primary focus going forward is on scalability tools. First- and second-layer scaling solutions and tools have been under active research for several years, and I think it’s a very exciting area with lots of open questions. Some “experts” believe that the future of blockchain is in permissioned chains, and that scaling can be solved by trusting large corporations. Others, who actually know what they’re talking about, believe that scaling must be done in a decentralized manner—which of course makes things much harder.

>> No.11240936

https://twitter.com/ethereumJoseph/status/1045737346078044161

>> No.11240937

LINKIES ON SUICIDE WATCH

>> No.11240994

Shintaku is japanese for chainlink, idiot

>> No.11240996

Wasn't consensys talking about chainlink not too long ago? Now this post talks about a decentralized oracle called shintaku which they made themselves and act as if they never even heard about chainlink.

WTF

>> No.11241013

https://bitcointalk.org/index.php?topic=4748646.0
It took 1 guy 3 months to make what sergay and team of spegs 3 years to try to do, and they're not even finished. Linkfags eternally justed

>> No.11241033

>>11241013
chainlink CTO grades homework papers

>> No.11241166

>>11240934
And how can I get me some Shintaku tokens, frens? Will sell all my LINK for it.

>> No.11241184

Alright how do I buy some shintaku coins

>> No.11241228
File: 31 KB, 389x378, 70357A7D-1D64-4F8A-8FCE-BC94A034DBD8.jpg [View same] [iqdb] [saucenao] [google]
11241228

STOP KELLING CHAINLINK
PLEASE

>> No.11241257

>>11240934
>Shintaku translated means oracle.

I am scared guys?

>> No.11241267
File: 36 KB, 778x512, 559AA7CA-3183-49FC-86C5-EB38ABB95CFF.png [View same] [iqdb] [saucenao] [google]
11241267

Hold me guise

>> No.11241273
File: 423 KB, 808x805, 1501755550349.png [View same] [iqdb] [saucenao] [google]
11241273

HOLY SHIT LINK IS DUMPING. WE ARE FUCKING DUMPING

>> No.11241286

IT’S NOT FAIR
WE WERE SUPPOSED TO HAVE THE FIRST MOVE ADVANTAGE

>> No.11241300
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11241300

>>11241013
>philosophy degree

>> No.11241313

Uh huh. Except it's a not a decentralized oracle network that's blockchain agnostic. It's just an oracle. Fud 2/10.

>> No.11241327

This is just a whitepaper, everything works on paper... Trust in sergay and you WILL be rewarded.

>> No.11241333

>>11240934
That's from July and no one replied and the thread is totally dead. Is this a joke?

>> No.11241344
File: 233 KB, 1325x596, DOUBT.png [View same] [iqdb] [saucenao] [google]
11241344

WHEN IS SOMEONE GOING TO REFUTE THIS FUD?

>>11241313
>Except it's a not a decentralized oracle network that's blockchain agnostic.
>but Betamax is higher quality!!! REEEEE

Sergey please don't let it end like this

>> No.11241346

>>11241313
Thanks Anon

>> No.11241354

>>11241184
Lmao bro it’s a fucking scam, they don’t have shit. The whitepaper, author, code and method of attaining tokens is sketchy as fuck. Hasn’t been updated in 2 months. I’m just joking, Chainlink is numero uno

>> No.11241355

>>11241313
Wrong (unfortunately)

>This oracle design is incorporated into an
end-to-end-decentralized, blockchain-agnostic architecture.
https://bitcointalk.org/index.php?topic=4748646.0

>> No.11241357

>>11241333
Are you high anon?

>> No.11241368
File: 450 KB, 2435x1191, shintaku.png [View same] [iqdb] [saucenao] [google]
11241368

>>11241313
>>11241344
>>11241346
>hurr durr not decentralized
https://bitcointalk.org/index.php?topic=4748646.0
>Shintaku: An End-to-End-Decentralized General-Purpose Blockchain Oracle

>> No.11241371
File: 177 KB, 1081x979, only one article - Copy.png [View same] [iqdb] [saucenao] [google]
11241371

>>11240934
The guy who wrote this only has one article and only has 5 followers. Seems after the horrendous link FUD site they created this is a new approach.

>> No.11241372

>>11240934
>It turned out that, in the ultimate spirit of open-source, a community member had taken the system my group and I devised and implemented it!
Linkies are DONE here!! Sergey BTFO'd once and for all.

>> No.11241399

>>11241371
But the Bitcointalk thread was posted long before the FUD site, see:
https://bitcointalk.org/index.php?topic=4748646.0

I hope you're right anon that someone just created this to FUD LINK or just outright scam people into investing without delivering

>> No.11241412
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11241412

>>11240934

>all of this 100% confirmed, mainnet later this year or earliy next year, a working product almost at our finger tips, and yet when some phd student writes a whitepaper promising the moon everybody drops everything and panics

why is /biz/ so beta?

>> No.11241417

im crushed rn

>> No.11241428

>>11241371
lubin tweeted it

>> No.11241434

>>11240994

How do I long 1million shintaku contracts

>> No.11241439

>>11241428
This is the real fud

>> No.11241442

>>11240934
You are a cunt doing this to your fellow linkies

>> No.11241444
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11241444

It doesn't matter if the "tech" is working. If you don't have the partnerships the network, the team, the companis behind you working with you for customized solutions that they will use, your oracles are irrelevant.

There is a fundamental misunderstanding of the Oracle problem on this board. If the OP were correct we'd all just buy Mobius. But Companies want custom tailored solutions with non autists working with them for full adoption, and there needs to be a network of hodlers to bootstrap the network.

Link having both 4chan and swift behind it means it already has won

>> No.11241446
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11241446

>>11241412
WE HAVE OUR ALL OF OUR NEET BUX IN THIS

>> No.11241448
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11241448

>>11241399
>https://bitcointalk.org/index.php?topic=4748646.0

Its clearly been posted much earlier but also just one post by this guy. What are the chances of him creating that article to shill his own project?

>> No.11241459

>>11241444
TRIPS OF TRUTH FUCK YOUR FUD OP

>> No.11241465

>>11241448

This was Delphi master plan

>> No.11241473

>>11241444
Truth - that’s also IF chainlink solves the problem

>> No.11241479
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11241479

>>11241444
Fooking checked 1000 EOY

>> No.11241496

The shintaku github is simply put, beautiful.
It's officialy over marines.

>> No.11241501

Basically this guy has implemented Adler's solution for oracles that he presented at a conference. Adler has then written a Medium post stating that the oracle problem has been solved.

This may be one possible solution, however, Chainlink has been building infrastructure around their solution for years. They have the links, the expertise in business development, the broader vision.

The thing I really don't get though is how both Atler's Medium post and Kamiya's paper don't mention Chainlink or SmartContract. It is almost inconceivable for them not to be aware of it and particularly so as Kamiya includes an overview of both Oraclize and Augur.

>> No.11241515
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11241515

>>11241446

GOOD POINT BETTER FUD CHAINLINK INTO OBLIVION TO MAKE SURE THAT WE ALL MAKE IT

>> No.11241517

>>11241459
See:
>>11241354

>> No.11241525

>>11241501
They know it’s inferior and they want to shill before chainlink hits overdrive . What partnerships do they have?

>> No.11241526
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11241526

>>11241448
>Its clearly been posted much earlier but also just one post by this guy. What are the chances of him creating that article to shill his own project?
It does seem weird: some unknown guy single-handedly creates something the chainlink team (backed by $32m and who knows how many partnerships/connections) can't in over a year? And this is the first time anyone has ever heard of this prodigy?

Still, stranger things have happened. Look at Bitcoin

DON'T LET IT END LIKE THIS PLEASE SERGEY

>> No.11241546
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11241546

>>11240934
THIS IS MY NEW WEAPON AGAINST REDDIT TY OP!!!!!!!!! SO BASED

>> No.11241547
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11241547

SALESFORCE HAS BETRAYED US, LINKIES
IT’S OVER

>> No.11241553
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11241553

>>11241473
>>11241459

Yeah, it's a big if. But what's clear to me is none of you have read the chainlink whitepaper if you believe that the autists at ethereum can just "code" up a solution to this problem.

Boomer tier legacy companies aren't going to trust decentralized Oracles without an extensive vetting process, extensive customization, extensive testing and bootstrapping, etc... They want their hands held to adopt, they want to see and trust something simple they can understand

Oracles are going to take many decades to get right and boostrap, there are many different types of data for many different purposes that need to be addressed independently and gain traction

t. MIT CS major turned prop trader turned crypto neet and link marine who understands what's going on and isn't autistic

>> No.11241555

>>11241501

>The thing I really don't get though is how both Atler's Medium post and Kamiya's paper don't mention Chainlink or SmartContract.

chainlink is one of the references in adler's whitepaper for his own decentralized oracle, astraea, so he definitely knows about it. if he's going to advertise decentralized oracles, the oracle problem, and more importantly his own project, why would he also mention his biggest competitor?

>> No.11241564
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11241564

>>11241547
Jesus christ it's real

>> No.11241578

>>11241448
“Disclaimer: The views expressed by the author above do not necessarily represent the views of Consensys AG. ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives.”

>> No.11241583

>>11241564
You must have schizophrenia.

>> No.11241586

>>11241525
It looks to be like an "academic" implementation of Atler's work. It doesn't seem to have been promoted or put into use in any form.

>> No.11241590

>>11241547
that's some cute work

>> No.11241591

>>11241547
Fuck it's real but it's so badly worded. Has someone hacked their twitter or something?

>> No.11241594

>>11241547
topkek

>> No.11241595

>>11241526
>It does seem weird: some unknown guy single-handedly creates something the chainlink team (backed by $32m and who knows how many partnerships/connections) can't in over a year? And this is the first time anyone has ever heard of this prodigy?
He's not a prodigy.
The truth is very simple: chainlink began as a money laundering scam, but they got unintended attention and had to deliver 'something' to not make the scam too obvious.
The actual problem is very simple.

>> No.11241598

>>11240934
(((John Adler))) Blockchain skeptic. Disclaimer: my writings reflect my own opinions only, not those of any institutions or organizations I may or may not be a part of.

>> No.11241615

THEYRE REVERSE LARPING. TACTICAL MOVE BY SWIFT TO SEPERATE US FROM THE RICHES.

>> No.11241616
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11241616

>>11241553
>t. MIT CS major turned prop trader turned crypto neet and link marine who understands what's going on and isn't autistic
ok then
is /biz/ right about LINK?
will it moon?
And if so, when?
What prices can it reach mr computer man

>> No.11241620
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11241620

>>11241547
Just scrolled through their Twitter, all I see is autistic discussion of muh diversity

>> No.11241631

>>11241616
Damn that last sentence is t. Of autism.

>> No.11241644

>>11241555
>ChainLink [21] aims to provide a cross-chain portal to internet-available information i.e., data available on websites, through their centralized system.

http://www.eecg.utoronto.ca/%7Eveneris/18chain1.pdf

Mm, a rather simplistic rendering of Chainlink though.

>> No.11241645

>>11241631
I took DMT a few hours ago and still feeling silly mr autism man

>> No.11241647
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11241647

>>11241616
Do you think I'm god man? I'm accumulating heavily because it's a legit moonshot, but not even Von Neumann or ed Thorpe couldnt tell you what's gonna.happen.

What I'm fucking afraid of is the coming financial crisis, which I think will probably be worse than 1929. I don't know what companies are gonna survive and which ones aren't, if they're gonna give a shit about oracles and smart contracts when they don't have enough money to keep their lights on, etc ..

If market conditions stay the same I think it's only a matter of time.before link moons, but I'm mostly holding BTC and xmr and precious metals as insurance, which are all guaranteed moon missions eventually.

>> No.11241648
File: 2.53 MB, 1125x2436, 39A1F874-BED9-46E5-8232-58CEAF01699A.png [View same] [iqdb] [saucenao] [google]
11241648

THEY TOLD WAGIES THAT INTERNET ANIME LOSERS WERE GOING TO GET RICH BY DOING NOTHING AND SHIT POSTING, THIS GOT THEM JEALOUS AND THEYRE STARTING TO FUD. BRACE YOURSELVES

>> No.11241657

>>11241645
I mean there green text of computer man believing he’s not autistic

>> No.11241663

>>11240934
“Disclaimer: The views expressed by the author above do not necessarily represent the views of Consensys AG. ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives.”

fudders, are people that just want to stay poor.

>> No.11241672

>>11241647
JUST SAY A FUCKING NUMBER COMPUTER MAN STOP BEING SO DIFFICULT

>> No.11241685
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11241685

>>11241672
HES CALCULATING.

>> No.11241691
File: 76 KB, 1257x764, sergey.jpg [View same] [iqdb] [saucenao] [google]
11241691

>>11241647
Could*

Just because I'm good at math and programming doesn't mean I know, but admittedly theres a lot of wisdomt to this board reaching consensus, a lot.more than an average crypto trader could produce, because of the anonymity. Anonymity breeds truth. Biz was right with btc, eth, dgb, neo, etc... For a reason. Ideas go through lots of shit testing and selective pressure on this board, unlike cuck-Reddit where anyone who doesn't tow the line gets banned

Link is the one ticket I have to billions, and I believe 1k is actually possible eventually. Unlikely but possible. It's not gonna happen any time soon tho, there's too much tech to develop.

>> No.11241711

>>11241691
Also I will say mainnet won't lead to instant adoption, if you understand what's going on you know the Oracles they provide will have to be specialized on a case by case basis for different companies, data, rtc...

Lots of iteration ahead, I think mainnet results in a nice pump to 1-5 bucks tho. The biggest thing will be another btc bull market. Also there's a good floor of support since so many marines are accumulating

>> No.11241733

>>11241644

>centralized system

and in incorrect one at that. if he thinks it's centralized that's almost certainly why it wasn't mentioned in his article on decentralized oracles.

>> No.11241735

>>11241711
>he doesn’t know that mainnet will reveal partnerships
>he hasn’t seen the effect of crypto used in enterprises
>he thinks only 1-5bucks

Seriously FUD HARDER. You will witness the biggest adoption / biggest fucking green candle that will write it self into history text books. They will have to Invent a new chart reading pattern called the right angle singularity boner. Get wet anon get wet

>> No.11241741
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11241741

>> No.11241749
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11241749

>>11241735

>> No.11241750

>>11241547
WHAT THE ACTUAL FUCK.

>> No.11241795

>>11241647
How could an MIT CS grad construct such a brainlet perspective as the one portrayed in this post?

>> No.11241799

you guys have till Oct 5th

>> No.11241816
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11241816

>>11241795
I must be larping then

>> No.11241823
File: 67 KB, 1168x623, shintaku.jpg [View same] [iqdb] [saucenao] [google]
11241823

bahahahahahaha

>> No.11241838

>>11241823
JAJAJAJAJAJA

>> No.11241868
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11241868

>literally who animeshitter working for consensys writes a blogpost about oracles
>doesn't mention chainlink in any way and avoids doing so (no doubt consensys is aware of chainlink)
>instead talks about a literally who project made by some anonymous gook nobody ever heard of
>claims oracle problem was solved by "shitaku"
>Lubin retweets it and legitimizes it

are they trying to FUD chainlink?

>> No.11241869
File: 328 KB, 1080x1436, IMG_20180928_232304.png [View same] [iqdb] [saucenao] [google]
11241869

>>11241547
When you search shintaku and click persons you find list of FBI twitter accounts. What they mean by this?

>> No.11241917
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11241917

>>11241869
it means pic related

>> No.11241937

>>11241823
Is this really the guy though?

>> No.11242053

>Blockchain skeptic. Disclaimer: my writings reflect my own opinions only, not those of any institutions or organizations I may or may not be a part of.
>anime whore in avatar
Opinion discarded.

>> No.11242449

>>11241547
WTF ??

>> No.11242638

>>11241735
>right angle singularity boner
Topkek

>> No.11242844
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11242844

> just had this great idea for a powered appliance that leverages the idea of creating a vacuum to ensure dirt is securely sucked up a tube into a bag, it can be used to ensure your floor is clean.
think it'll catch on or is anyone else doing it ?

>> No.11243013

>>11241501
it's almost like how satoshi left out bitgold reference in the whitepaper

>> No.11243119

>>11241344
VHS was a consumer product. Chainlink is not.

>> No.11243360

>>11241553
Thanks Rhett, still kekking at your scams

>> No.11243956

>>11241741
GOLDEN

>> No.11243966

>>11241501
>Chainlink has been building infrastructure around their solution for years
No they havent

>They have the links
Nope

>the expertise in business development
A philosophy major with one failed project under his belt and business expertise do not mix

>> No.11243976

>>11243966
>No they haven't
Just because you say something it doesn't make it fact. They've been providing oracle solutions for a while through SmartContract. They have plenty of paying clients. Now they're decentralizing their oracles through Chainlink.

>> No.11243984

>>11243976
>Just because you say something it doesn't make it fact
Right back at you mate

>> No.11243994

>>11243360
I have no idea what this thread is about but Rhett is a fucking scammer and everyone should stay awhile. He is vile and dishonest

>> No.11244013

>>11241547
Is this an attempt at subtle fud?
Most of their recent shit is just links from the Queen Retard at Huffington post.

>> No.11244023
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11244023

>>11241444

>> No.11244030
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11244030

>>11241444
based and redpilled

>> No.11244040

>>11241444
dumb idiot

>> No.11244347
File: 9 KB, 225x225, chainlinkmeme.jpg [View same] [iqdb] [saucenao] [google]
11244347

>>11241444
Based, Red-pilled, truth pilled, Trip pilled

>>11244040
watch as the fool fudder attempts to argue with childish ad hoc attacks. He knows his fudding has no sway against the raw power of trips and LINK.

>> No.11244377

>>11241711
>The biggest thing will be another btc bull market
So 2021? BTC halves in 2020

>> No.11244383

>>11241647
Why don't you hold eth?

>> No.11244391

>>11241741
kek holy fuck this is amazing

>> No.11244423
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11244423

>> No.11244827

>>11240936
I think Lubin brought light to this to kick the Chainlink team in the ass to keep it moving. What if Sergey and the team is getting cocky or complacent? They really won't have first miver advantage if the network doesn't hit mainnet fairly soon. More and more people are recognizing the oracle problem, so more people will be working on it.

>> No.11244871

>>11240934
Fudders are getting so fucking bored it's embarrassing.

>> No.11244937

>>11241741
>>11241616
Thank you for these, whoever you are.

>> No.11245242

Linkies are in some deep shintaku.

>> No.11245272

>>11244937
Delphi literally did both of these.

>> No.11245280

>>11245272
>>11244937
and this>>11244423