/biz/ - Business & Finance

[Anonymous No.11471162]

I believe all this, but my only question is - why are we the only ones who can put the pieces together? No matter how many NDA's are in place, there will always be leaks and always be someone buying based on inside information, but in this case the token price is still thirty something cents.


is it because each component is split that no-one can see the forest for the trees?

[Anonymous No.11471185]

>>11471162
biz is unironically bitcoin forums in 2008

[Anonymous No.11471219]

i feel comfy

[Anonymous No.11471287]

>is it because each component is split that no-one can see the forest for the trees?
Pretty much. Just be thankful we did see it, hold tight and god bless you all.

[Anonymous No.11471310]

Chainlink < Bitcoin.

[Anonymous No.11471762]

You have to understand that biz and 4chan in general is such an unusual and unique place. There is literally no other forum like 4chan.

[Anonymous No.11471773]

>>11471162
no it's because everyone else can see further than the information given to them on a silver platter. Chainlink is a dead end trap. It won't work.

>Main net launches
>weirdos start launching nodes and looking for jobs
>I post a job
>Wow it's a contract moving $80MM of ETH
>Collateral required for each of the 10 nodes: $8MM LINK
>No problem, that's only 8k LINK these days (early January)
>Nodes query the API in the smartcontract
>Whoops I own the smartcontract AND the API
>API programed to give out correct answer of "1"
>API also programmed to give out false answer of "0" 4/10 times
>6 nodes submit 1, 4 nodes submit 0
>Contract closes ($80MM eth sent to my other wallet)
>6 nodes get a pittance of a fee
>4 nodes get their $8MM swept into my contract as penalty for trying to defraud me

[Anonymous No.11471792]

>>11471773
Brainlet tier FUD

[Anonymous No.11471793]

>>11471773
ROASTED
O
A
S
T
E
D

I have never seen a linktard offer even the bare-bones of an argument against this pasta. So effective - so delicious. 1k suicides EOY anons. Your project is fucked and so are you.

[Anonymous No.11471803]

>>11471793
i bet you're tired of waiting too

[Anonymous No.11471808]

>>11471793
yeah I wrote it and I'm the only one who Ive seen post it and I'm going to keep posting it until I get a real answer or I'm out on the next pump (don't see why hype wouldn't take this back over $1).

The closest to a real response I got was "ill just call the cops enjoy jail"

[Anonymous No.11471843]

>>11471808
>whoops I own the smartcontract AND the API
Who would agree to a contract with the API data provider? Probably just dumb goyim so your FUD comes to “because stupid people will get tricked” which could be applied to everything in life.

[Anonymous No.11471857]

>>11471808
4/10 FUD

[Anonymous No.11471871]

>>11471808
>>11471843
In a way this is the answer.
When a smartcontract needs off-chain data, it won't have the API provider as part of its own code, but will instead be calling another smartcontract created for the purpose of retrieving the kind of data you want.

So an oracle works by having on chain contracts which retrieve data and having the off chain nodes doing the work to give back the data to the on chain contracts.

[Anonymous No.11471899]

>>11471871
hmmm I don't see it working this way.
Let's say I have an insurance contract who's input is the temperature at a specific street corner at a specific time. What would stop someone from publishing a job for that contract AND owning the thermometer as well?
I'm very sure that specific API's will be specified in the service agreements.

Believe me, I want this FUD debunked but we aren't there yet.

[Anonymous No.11471952]

>>11471899
>>11471899
Nodes will decide what data they'll be fetching and from what apis, before 'launching'. You seriously thought just running a node would do anything? And that requesters would be able to request any type of data from any running node? No, you will be choosing nodes based on the type of data they chose to provide.
No nodes to retrieve the type of data you want? Well tough luck

[Anonymous No.11472081]

>>11471773
NEERd

[Anonymous No.11472092]

>>11471773
what is reputation? Surely your nodes wouldn't be picked for such a job by anyone with a brain to move that amount of money considering you have shit API's.

[Anonymous No.11472156]

Hahahahahaha you retards think link is actually going to work! Imagine thinking a financial institution will write smart contacts and use API data BUT will be too lazy to program a data feed to it. Rediculous! Like this is so stupid. You think your 10k link staked will be worth what 100k even? For a fraction of that you could run a simple data feeding server in every country that matters for a year if you wanted to but that's stupid and overkill.

[Anonymous No.11472195]

>>11471899
Your FUD is brainlet tier. You’d have to have reputation backing your API if it wasn’t public. This scenario “cant be debunked” in your tiny feeble brain because it’s so stupid it would never occur.

Do you even know what an API is lmao?
>My API will be “programmed” to send out 6 1s and 4 0s
Lmao can you even turn your computer on with that level of understanding?

[Anonymous No.11472217]

>>11472195
This is the type of mongoloid we have at biz now. "I programmed my api to return something false"

[Anonymous No.11472229]

>>11471773
>API programed to give out correct answer of "1"
>API also programmed to give out false answer of "0" 4/10 times

[Anonymous No.11472286]

>>11471899
>>11471808
>>11471773


>Self checkouts will NEVER be used.
>What happens when Niggy Noggy walks up to the line, and sees theres no one watching over his shoulder to make sure he scans every grocery item?
>What’s to stop Niggy from just scannin Expensive items as celery and weighing it to pay a lower price? Or not scanning something at all?
> Shekelburgers won’t let these machines be used.

[Anonymous No.11472368]

>>11471162
Dont turn pepe into a dirty pajeet u fuckin scumbag

[Anonymous No.11472632]

When we first start running nodes after mainnet, how will our nodes be chosen if we have no reputation?

[Anonymous No.11472673]

>>11471808
Select random apis if contract is over a certain value. Problem fixed. Stop spreading or better yet do it somewhere else where its actually effective

[Anonymous No.11472682]

>>11471762
this

[Anonymous No.11472774]

>>11471162
Provably because we are putting pieces together that look like they fit but in reality they really don't. We could be fooling ourselves

[Anonymous No.11472808]

>>11471808
SLA agreement. Start there.

[Anonymous No.11472988]

>>11472774
This. All biz is doing is reading new articles with the same buzzwords. Oracles are necessary, but link is still a gamble.

[Anonymous No.11473110]

>>11471899
The idea for cases of conflict of interest is that all of this stuff is publicly available info- What’s the contract code actually doing? What is the scope of the data the contract is sourcing? Is the data source sufficient to carry out the contract in a fair way? Most people don’t have time to dig into that stuff, but any contract getting attention is going to get found out if it’s fraudulent

[Anonymous No.11473129]

>>11472156
No one even bothered responding to my fud. Sad!

[Anonymous No.11473247]

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!

THIS SHIT IS GOING TO REACH $1,000 EASILY!
HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

[Anonymous No.11473295]

>>11473129
Because it's brainlet tier. Try using it in the telegram if your so confident. Or are you afraid you will be blown the fuck out. >>11471773
Same thing for you. If you were actually concerned WHY NOT ASK IN THE OFFICAL COMMUNITY GATEWAY.

Larp harder next time, you fricking discord brainlets.

[Anonymous No.11473326]

>>11473295
>He doesn't know the fudders are the biggest holders.

[Anonymous No.11473351]

>>11473326
I know, but come on, who do they think they can reach? People who still haven't decided to buy Link won't do it now. And price certainly won't with freaking huge events upcoming. It just shows how little their fucking brains are. Biz is dead, and this people are still too stupid to realize this.

[Anonymous No.11473451]

>>11472156
You are very dumb it hurts.

[Anonymous No.11473610]

>>11473295
>Brainlet tier but I can't respond to it
>Le go to telegram

No thanks I don't want to help idiots that much.

[Anonymous No.11473625]

>>11473451
>Very dumb it hurts, sirs

[Anonymous No.11473665]

>>11473129

Why are you talking like Trump?

[Anonymous No.11473714]

>>11473665
I like winning