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

/biz/ - Business & Finance

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12710763 No.12710763 [Reply] [Original]

Problem 1: how to avoid double spend. Answer: community consensus model where the people verifying transaction are incentivized to do the right thing -> bitcoin.

Problem 2: ok, but now we want to do more sophisticated transactions with business logic, e.g. a bond that pays out on a set schedule. Answer: community consensus model where the people verify the business logic is followed correctly -> ethereum

Problem 3: ok, but for almost any REAL world contract, we need external data, e.g. what was the rainfall on that date, did the package get delivered, what was the price of a barrel of west texas intermediate crude on a October 1. Answer community consensus model for verifying external data where those validating have skin in the game (via staking collateral) -> chainlink.

>> No.12710773

>>12710763
1) Any shitcoin can give you this type of rationalization for why they are the ones who "solve" "problem 3".
2) Chainlink is already behind other companies that solved that particular problem without needing your NEET bucks.

>> No.12710774

What are you leaning at anon?

>> No.12710777
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12710777

CHASE A DIP
NEVER SWING A LINK

>> No.12710783

>>12710773
What other company has solved the oracle problem again?

>> No.12710784

>>12710783
Witnet

>> No.12710787

>>12710784
Working product?

>> No.12710790
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12710790

>>12710787

>> No.12710872

>>12710777
Checked. Mask off pilled.

>> No.12710894

>>12710777
Checked

>> No.12710899

>>12710777
Checked and linkpilled

>> No.12710915
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12710915

>14 months without browsing /biz/ and CMC
>ALL coins lost value
>chainlink is double the price (i left biz when C.L was 21 cents)
Motherfucking linkies

>> No.12710924

>>12710777
checked my dear fren

>> No.12710929
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12710929

>>12710777
It's near

>> No.12710931

>>12710777
checked

>> No.12710936

fuck discord niggers
https://ropsten.etherscan.io/tx/0xb2bce34086d0f096cb1583389afdb6551bbc0dac8e2a70eb81dfe0a2a8e6ae5f
first chainlink transaction with aggregation.

>> No.12710949

>>12710936
>0x8b7a47e50000000000000000000000000000000000000000000000000000000000000001
What did aggregation mean by this?

>> No.12710956

>>12710777
Too based for me
Link $1keoy

>> No.12710957

>>12710949
$50000000000000000000000000000000000000000000000000000000000000001 EOY

>> No.12710958

>>12710949
Paid two oracles for pulling SPY stock price from IEX Trading

>> No.12710977

>>12710958
TONIGHT

>> No.12710992
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12710992

>>12710777
>chase the dip

>> No.12710993

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!

>> No.12711000

>>12710790
based witpost

>> No.12711043
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12711043

>>12710777
Kek be praised

>> No.12711074

>>12710763
>https://ropsten.etherscan.io/tx/0xb2bce34086d0f096cb1583389afdb6551bbc0dac8e2a70eb81dfe0a2a8e6ae5f
Based

>> No.12711816

>>12710784
Where do I buy this shitcoin? I dont find it on any exchange

>> No.12711829

The solution to the double spend problem is to make sure no one has any money to spend.

>> No.12711849

>>12710977
Checked.

>> No.12711865

>>12710790
>Off brand pajeet

>> No.12711868

>>12710936
>fuck discord niggers
I take it they are responsible for fud?

>> No.12711948

>>12710763
Dont be deluded theres better ways to do prob3 then chainlink

>> No.12711984

>>12710993
You are a MANIAC

>> No.12712417

>>12711948
Care to enlighten us

>> No.12712752

>>12711816
its not a publicly trade token as of right now. Its also being mined right now.
Yes, it has its own blockchain in which tokens get hashed out. The genesis block was hashed 8-10 months ago already.

>> No.12713545

>>12710777
Checked
And up we go

>> No.12713569
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12713569

>>12710777

>> No.12713614
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12713614

>>12710777

>> No.12713615

>>12710777
It’s time